5 Best Indian Stocks to Buy Right Now

2. Infosys Limited (NYSE:INFY)

Number of Hedge Fund Holders: 29

Infosys Limited (NYSE:INFY) is an Indian information technology company that provides related services in outsourcing and business consulting. With services in over 50 countries, Infosys Limited (NYSE:INFY) remains one of the best Indian stocks to buy right now.

On October 13, Infosys Limited (NYSE:INFY) announced a quarterly dividend of $0.20 per share. The stock’s current dividend yield stands at 1.50%. The company gained investors’ attention as it reported an earnings beat in fiscal Q2. Infosys Limited (NYSE:INFY) posted revenue of $3.99 billion, up 20.5% from the prior-year quarter. Digital revenues account for 56.1% of gross revenues. Recently, BMO Capital lifted its price target on Infosys Limited (NYSE:INFY) to $25, with a Market Perform rating on the shares.

Insider Monkey’s data for Q3 shows that the smart money is also taking interest in Infosys Limited (NYSE:INFY), as 29 hedge funds tracked by Insider Monkey held stakes in the company in Q3, up from 22 in the previous quarter. The total value of these stakes is over $2.4 billion.