5 Best Indian Stocks to Buy in USA

4. Dr. Reddy’s Laboratories Limited (NYSE:RDY)

Number of Hedge Fund Holders: 11     

Dr. Reddy Laboratories Limited (NYSE:RDY) operates as an integrated pharmaceutical company worldwide. It is one of the top Indian stocks to invest in. On September 07, Dr. Reddy Laboratories Limited (NYSE:RDY) announced that it would soon launch the Lenalidomide Capsules. The capsules have been approved by US Food and Drug Administration (USFDA) and are a therapeutic equivalent generic version of REVLIMID. The capsules are available in different strengths including 2.5mg, 5mg, and 10mg. 

On July 29, Dr. Reddy Laboratories Limited (NYSE:RDY) announced that it had entered into a licensing agreement with New Jersey-based Slayback Pharma LLC. The agreement was done to acquire rights to Slayback’s Brimonidine Tartrate Ophthalmic Solution 0.025%, the private label equivalent of Lumify. Lumify is an over-the-counter eye drop that can be used to relieve redness of the eye due to minor eye irritations. 

At the end of the second quarter of 2022, 11 hedge funds in the database of Insider Monkey held stakes worth $154.6 million in Dr. Reddy Laboratories Limited (NYSE:RDY), compared to 15 the preceding quarter worth $181 million.