5 Best Indian Stocks For Next 10 Years

In this article, we discuss 5 best Indian stocks for the next decade. If you want to see our detailed discussion of the Indian economy, click 10 Best Indian Stocks For Next 10 Years. 

5. WNS (Holdings) Limited (NYSE:WNS)

Number of Hedge Fund Holders: 17

WNS (Holdings) Limited (NYSE:WNS) is a business process management company that specializes in data, voice, analytical, and business transformation services worldwide. The company was founded in 1996 and is based in Mumbai, India. On April 27, WNS (Holdings) Limited (NYSE:WNS) reported a Q4  non-GAAP EPS of $1.04 and a revenue of $305 million, outperforming Wall Street estimates by $0.02 and $7.91 million, respectively. It is one of the best Indian stocks to monitor. 

On May 1, Barrington lifted the firm’s price target on WNS (Holdings) Limited (NYSE:WNS) to $108 from $97 and maintained an Outperform rating on the shares. The analyst raised fiscal 2024 estimates following WNS (Holdings) Limited (NYSE:WNS)’s Q4 results. Despite the strained macro environment, demand remains strong and WNS’s services have not faced budgetary constraints from clients, the firm wrote in a research note.

According to Insider Monkey’s first quarter database, 17 hedge funds were bullish on WNS (Holdings) Limited (NYSE:WNS), compared to 19 funds in the preceding quarter. Ric Dillon’s Diamond Hill Capital is the biggest stakeholder of the company, with 1.02 million shares worth $95.3 million. 

Diamond Hill Capital made the following comment about WNS (Holdings) Limited (NYSE:WNS) in its Q4 2022 investor letter:

“Other bottom contributors included Allegiant Travel, Concrete Pumping Holdings and WNS (Holdings) Limited (NYSE:WNS). Shares of business process management (BPM) company WNS modestly consolidated calendar year gains in Q4. However, we maintain our belief shares trade at a discount to intrinsic value given the opportunity WNS has to offer a combination of process efficiencies and cost savings to clients, thereby growing its recurring-revenue base.”