In this article, we will discuss the 9 Best Indian Stocks to Buy According to Hedge Funds.
On April 10, IBEF (India Brand Equity Foundation) highlighted a revision to India’s growth rate forecast to 6.6% from 6.3%. This is backed by increased domestic demand, stability in exports, and the beneficial impact of FTAs with the UK and EU progress. This is as per the most recent forecast issued by the World Bank, noted IBEF.
According to the regional outlook statement, India is expected to be a driving force behind growth in South Asia, thanks to healthy household consumption, reduction in tariffs, as well as stronger global trade integration with countries such as the UK and the European Union.
On April 14, Forbes noted that the IMF’s April 2026 World Economic Outlook demonstrated India as one of the handful of resilient economies. This comes at a time when the broader global outlook is being impacted by the West Asia conflict.
Amidst such trends, we will now have a look at the 9 Best Indian Stocks to Buy According to Hedge Funds.
Our Methodology
To list the 9 Best Indian Stocks to Buy According to Hedge Funds, we used a screener to shortlist the Indian stocks that trade on US exchanges. We also mentioned the hedge fund sentiments around each stock, as of Q4 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
9 Best Indian Stocks to Buy According to Hedge Funds
9. Sify Technologies Limited (NASDAQ:SIFY)
Number of Hedge Fund Holders: 4
Sify Technologies Limited (NASDAQ:SIFY) is one of the Best Indian Stocks to Buy According to Hedge Funds. On April 13, the company released consolidated financial results for FY 2025-26, with revenue coming at INR 44,877 million, reflecting a rise of 13% YoY. Sify Technologies Limited’s EBITDA amounted to INR 9,871 million, implying a rise of 31% YoY. Coming to the revenue split for FY 2026, network services made up 39%, data center services accounted for 39%, and digital services made up 22%.
Sify Technologies Limited continues to focus on expansion of its Data Center footprint to include new and emerging locations, augmenting capacity at the current facilities in order to address immediate demand as well as further bolstering the network and cloud interconnect ecosystem. The initiatives are being executed with an emphasis on cost competitiveness, fiscal discipline, and cash flow optimization. Sify Technologies Limited’s cash balance at the end of the year stood at INR 5,071 million.
Sify Technologies Limited is engaged in providing information and communication technology solutions and services.
8. Yatra Online, Inc. (NASDAQ:YTRA)
Number of Hedge Fund Holders: 8
Yatra Online, Inc. (NASDAQ:YTRA) is one of the Best Indian Stocks to Buy According to Hedge Funds. The company announced its results for Q3 2026, with the overall gross bookings increasing by 21% YoY, thanks to a strong recovery in the Consumer (B2C) business, strength in the corporate segment, as well as growth in affiliate network partners for hotels. Yatra Online, Inc. highlighted that the B2C business is starting to deliver strong growth with positive unit economics.
Yatra Online, Inc.’s corporate and MICE businesses witnessed the impact of disruption in the broader domestic aviation industry in India. Notably, a significant amount of MICE business was pushed into Q4 2026 and Q1 2027. For Q3 2026, on a consolidated basis, the company’s revenue from operations went up by 9% YoY to INR 2,568 million. This was supported by steady demand throughout critical segments amidst healthy growth from its air-ticketing business.
Yatra Online, Inc. is an online travel company.
7. Dr. Reddy’s Laboratories Limited (NYSE:RDY)
Number of Hedge Fund Holders: 10
Dr. Reddy’s Laboratories Limited is one of the Best Indian Stocks to Buy According to Hedge Funds. On March 21, the company announced the rollout of its injectable semaglutide under the brand name Obeda®. This demonstrates a critical step in the expansion of access to advanced GLP‑1 receptor agonist–based therapy for managing type 2 diabetes in India.
Dr. Reddy’s Laboratories Limited is the first Indian company to get the DCGI (Drugs Controller General of India) approval for generic semaglutide.
Dr. Reddy’s Laboratories Limited, while quoting the ICMR‑INDIAB study, noted that India has one of the world’s largest diabetes burdens, as more than 101 million adults live with this condition. Semaglutide, which is a GLP‑1 receptor agonist, can improve glycaemic control and help with weight management if used as part of the comprehensive treatment plan. Given that API development, manufacturing, and formulation development occur in-house, Obeda® demonstrates Dr. Reddy’s Laboratories Limited’s strength in complex product development and peptide science.
Dr. Reddy’s Laboratories Limited operates as a pharmaceutical company.
6. Wipro Limited (NYSE:WIT)
Number of Hedge Fund Holders: 17
Wipro Limited (NYSE:WIT) is one of the Best Indian Stocks to Buy According to Hedge Funds. On April 16, Reuters noted that Wipro Limited expects a weak Q1 2027 because of muted demand. The company’s US banking and financial clients decided to curb spending amidst an uncertain economic environment. Furthermore, the company released its Q4 2026 results, with consolidated revenue rising 7.7% YoY to INR 242.36 billion, falling short of the LSEG-compiled estimates of INR 243.63 billion.
Also, the company’s net profit declined 1.9% to INR 35.02 billion, marginally below the estimate of INR 35.07 billion. However, Wipro Limited announced a record share buyback of up to INR 150 billion ($1.61 billion). The company expects Q1 2027 revenue of $2.60 billion – $2.65 billion, reflecting a 2% sequential decline to flat growth. Reuters, while quoting Jefferies, highlighted that the Q1 2027 forecast was a disappointment, while the buyback size surpassed expectations.
Wipro Limited operates as an IT, consulting, and business process services company.
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 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 continues to use AI in a bid to improve customer experience on the platform, bolstering its full-stack travel ecosystem.
MakeMyTrip Limited is a travel service provider.
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 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’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 is into power generation via non-conventional and renewable energy sources in India.
3. Infosys Limited (NYSE:INFY)
Number of Hedge Fund Holders: 30
Infosys Limited (NYSE:INFY) is one of the Best Indian Stocks to Buy According to Hedge Funds. On April 7, it was announced that Infosys Limited and Harness announced a strategic collaboration, which is focused on ramping up agentic AI-led software delivery transformation for companies globally. The alliance remains in line with the combined capabilities of Infosys Topaz Fabric and Infosys Cobalt. Notably, the Harness Software Delivery Platform will fuel improvements in productivity, software engineering, and AI governance, along with time-to-market at scale.
Overall, Infosys Limited and Harness plan to provide integrated solutions, which are developed to help large-scale modernization and transformation programs. There will also be an emphasis on complex, high-scale, and regulated environments. Both companies enable a more disciplined path from innovation to production. They are also embedding security, compliance, and resilience into how the software is delivered throughout the complex environments. This will help the enterprises adopt AI responsibly, ramp up outcomes, as well as sustain long-term advantage.
Infosys Limited is in the provision of consulting, technology, outsourcing, and digital services.
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 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’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’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 provides banking and financial services to the retail and corporate customers.
1. HDFC Bank Limited (NYSE:HDB)
Number of Hedge Fund Holders: 49
HDFC Bank Limited (NYSE:HDB) is one of the Best Indian Stocks to Buy According to Hedge Funds. On April 18, Reuters reported that the bank posted a stronger-than-expected increase in Q4 profit, thanks to the pick-up in lending to consumers. This was despite lending margins remaining weak. HDFC Bank Limited’s standalone net profit came at INR 192.2 billion ($2.08 billion) for Q4 2026, just surpassing the analysts’ estimate of INR 191.16 billion, as per data compiled by LSEG.
Reuters highlighted that loan demand in India saw improved momentum in H2 of the fiscal year ended in March, with easing inflation and reduced taxes aiding household spending as well as corporate borrowing. HDFC Bank Limited’s advances went up by 12% in Q4 2026 from a year earlier. This was mainly because of retail loans, which include mortgages and personal debt. Also, total deposits increased by 14.4%.
HDFC Bank Limited offers banking and financial products and services.
