5 Best Indian Stocks to Buy According to Hedge Funds

2. ICICI Bank Limited (NYSE:IBN)

Number of Hedge Fund Holders: 41

ICICI Bank Limited (NYSE:IBN) is one of the Best Indian Stocks to Buy According to Hedge Funds. On April 18, Reuters noted that the bank posted a stronger-than-expected increase in fourth-quarter profit, thanks to strong loan growth and reduced provisions for bad loans. ICICI Bank Limited (NYSE:IBN) reported a standalone net profit of INR 137.02 billion ($1.48 billion) for Q4 2026, up from INR 126.30 billion ​a year earlier. As per LSEG data, the analysts had projected a profit of INR 126.52 billion.

Reuters, while quoting ICICI Bank Limited (NYSE:IBN)’s executive director Sandeep Batra, highlighted that the profits were aided by reduced provisions, recoveries from the written-off accounts, as well as growth in core ​interest income. However, because of geopolitical uncertainties, Mr. Batra didn’t provide the forecast for the new fiscal year.

ICICI Bank Limited (NYSE:IBN)’s total loans increased 15.8% from a year earlier. This increase came off the back of continued momentum in ‌retail ⁠lending, primarily mortgages and vehicle loans. However, business banking and corporate loans also made a contribution.

ICICI Bank Limited (NYSE:IBN) provides banking and financial services to the retail and corporate customers.