5 Best Indian Stocks to Buy According to Hedge Funds

4. ReNew Energy Global Plc (NASDAQ:RNW)

Number of Hedge Fund Holders: 26

ReNew Energy Global Plc (NASDAQ:RNW) is one of the Best Indian Stocks to Buy According to Hedge Funds. On April 15, the company announced commissioning of ~2.4 GW of assets in FY 2026, which took its total operating capacity to ~12.6GW. This comes after adjusting the 600MW of assets sold during the year as of March 31, 2026. The company has remained at the forefront of India’s green transformation for more than 15 years.

The commissioned capacity of 2.4 GW consists of 1.75 GW of solar, 0.62GW of wind, and 25MW/100MWh of battery energy storage systems (BESS). ReNew Energy Global Plc (NASDAQ:RNW) has a fully constructed capacity of ~450MW. This is expected to be commissioned soon. As of March 31, the company’s gross capacity stood at ~20GW.  ReNew Energy Global Plc (NASDAQ:RNW)’s Chief believes that elevated demand trends for power, cost competitiveness of renewable energy, as well as supportive policy frameworks, help create a long-term compelling growth backdrop.

ReNew Energy Global Plc (NASDAQ:RNW) is into power generation via non-conventional and renewable energy sources in India.