What Indian tech stocks are listed in the US? These 5 ADRs are worth following.

India's economy is expected to have the fastest growth in the world, with the IMF predicting a growth rate of 6.3% for 2023-2024, and it is likely to become the world's third-largest economy within four years. However, it is not easy for Chinese investors to make fortunes in Indian companies on the US stock market—the key is to use American Depositary Receipts (ADR).

Top 5 in the US Listed by India

1. HDFC Bank ( HDB ) - $140.3 billion market cap

• The largest listed company in India, accounting for 13.3% of the Nifty 50 index weight.
• Completed the merger with India's housing finance company (HDFC Ltd) in June 2023, becoming a financial services group.
• FY2023 revenue rose by 16%, net profit increased by 19.3%
• This year's decline is -16.09%

2. Infosys(INFY) - 71.9 billion USD market cap

• The fourth largest company in India, a global IT services giant
• Starting from $250 in 1981 to now an annual revenue of $18 billion, the speed is terrifying.
• In 1999, when revenue surpassed 100 million USD, it became the first Indian IT company to go public on the US stock market.
• FY2023 revenue rise 15.4%, profit margin 21%, this year's decline -4.83%

3. ICICI Bank - $80.3 billion market capitalization

• The third largest company in India, the first Asian non-Japanese bank to be listed on the New York Stock Exchange in 1999.
• FY2023 net profit rise 36.7% to $3.9 billion, Q1 year-on-year rise 39.7%
• This year's rise is +2.19%, showing stable performance.

4. Wipro(WIT) - 25.7 billion USD market value

• A leading IT services and consulting company, has aggressively engaged in mergers and acquisitions in the past two years, acquiring Capco, Edgile, and others (.
• FY2023 revenue rose 14.4% to 11.1 billion USD, but net profit instead declined.
• Recent performance has declined a bit, with a Q2 quarter-on-quarter decrease of 0.1%, and a rise of 1.29% this year.

5. Dr. Reddy's)RDY( - 11.1 billion USD market cap

• Global pharmaceutical companies began conducting ESG sustainability reports as early as 2004.
• FY2023 revenue rise 15% to $3 billion, Q1 year-on-year skyrocketed 36%
• It is among the top five with the most remarkable performance, with an annual rise of +30.92%.

Investment Tips

Although the Indian economy is booming, the performance of individual stocks is clearly differentiated. The financial and pharmaceutical sectors are currently more resilient, while IT services face cyclical pressures. To systematically gain investment returns from India, consider Indian ETFs like EEM and other emerging market funds ) instead of placing single bets.

Data as of October 18, 2023