5 Best Indian Stocks to Buy According to Hedge Funds

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In this article, we are going to look at the 5 Best Indian Stocks to Buy According to Hedge Funds. For a longer list and more details on how we picked these stocks, you can go to 9 Best Indian Stocks to Buy According to Hedge Funds.

5. MakeMyTrip Limited (NASDAQ:MMYT)

Number of Hedge Fund Holders: 26

MakeMyTrip Limited (NASDAQ:MMYT) is one of the Best Indian Stocks to Buy According to Hedge Funds. On March 16, the company released an update on its strategic priorities, amidst strong travel demand in India over the long term, thanks to structural demand drivers such as an increase in the middle class, higher propensity to spend on travel, elevated digital adoption, etc.

Along with the acquisition of Goibibo and redBus, which resulted in the consolidation in the broader Indian market, MakeMyTrip Limited (NASDAQ:MMYT) made numerous investments. These were focused on expanding the capabilities throughout travel segments.

The company wrapped up the acquisition of a majority stake in Flamingo Transworld, apart from completing a strategic minority investment in and entering into a partnership with Atlys, which is a visa processing platform. MakeMyTrip Limited (NASDAQ:MMYT) continues to use AI in a bid to improve customer experience on the platform, bolstering its full-stack travel ecosystem.

MakeMyTrip Limited (NASDAQ:MMYT) is a travel service provider.

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