9 Best Indian Stocks to Buy According to Hedge Funds

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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 (NYSE:WIT) 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 (NYSE:WIT) 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 (NYSE:WIT) operates as an IT, consulting, and business process services company.

While we acknowledge the potential of WIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WIT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Indian Stocks to Buy According to Hedge Funds

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