Artificial Intelligence (AI) has emerged as a transformative force across industries, revolutionizing the way businesses operate. From streamlining processes to enhancing decision-making, AI's applications are diverse and far-reaching. Consequently, the demand for AI-driven solutions continues to soar, propelling the growth of companies at the forefront of this innovation.
For forward-thinking investors, AI stocks present a compelling opportunity for substantial long-term returns. As these companies harness AI to drive efficiency and innovation, they stand poised for significant growth potential in the years ahead. However, alongside the promise of high returns, it's crucial to acknowledge the inherent risks associated with stock market investments. Market volatility, regulatory challenges, and technological disruptions are among the factors that can impact the performance of AI stocks.
Navigating these dynamics requires careful consideration and strategic decision-making. In this article, we'll explore the top 10 artificial intelligence stocks in India that merit the attention of investors seeking to capitalize on the transformative power of artificial intelligence while recognizing the inherent uncertainties of the market.
AI has started biting every sector let it be including manufacturing, banking finance, and even in the healthcare sector.
Thus, if you are keen on investing in technology stocks in the long run, these top 10 artificial intelligence stocks can offer good opportunities.
In between the years 2024 and 2027, the artificial Intelligence market in India is expected to witness a growth of 25%-35% reaching nearly US$17 billion by the end of this period. In recent years, Artificial Intelligence or AI has been not just the talk of the town but the talk of the world, and is gaining more popularity daily.
The Artificial intelligence stocks in India are gaining a grip as the technology sector is growing, making them a good investment option for investors.
This article will explore the top 10 artificial intelligence stocks in India and discuss the factors that artificial intelligence stocks for investors should consider before investing in these stocks.
Market Capitalization as of 2024: 86577.11
1-year Return (%): 56.58
Market Capitalization as of 2024: 86577.11
1-year Return (%): 56.58
Bosch is a well-established technology industry in India. Although it is a German multinational company that aims to deal with engineering and technology subject, its Indian branch has a great scale in market share.
Bosch provides services such as automation, industrial technology, and technology products for consumers.
The share price of Bosch is observed to increase by around 56.58% in the past year while its market growth stands at ₹86577.11 crores.
Bosch provides services such as automation, industrial technology, and technology products for consumers.
The share price of Bosch is observed to increase by around 56.58% in the past year while its market growth stands at ₹86577.11 crores.
Market Capitalization: 53630.20
1-year Return (%): 56.85
1-year Return (%): 56.85
1-year Return (%): 56.85
The next AI Stock is Persistent Systems, which was established in India and now has spread its name in different nations becoming a multination entity.
This company deals in different software product application development, also in integration of those products and services, and support services. Most of the clients of Persistent Systems belong to the healthcare industry, telecommunications, financial services, and life science.
The company offers some advanced services including enterprise mobility, digital transformation, cloud computing, and cybersecurity. In the past year, the stock price zoomed 56.85% with a market capitalization of ₹53630.20 crores.
Market Capitalization: 64337.80
1-year Return (%): 116.87
1-year Return (%): 19.07
Tata Elxsi is the subbranch of Tata Group, which deals in advanced technology like Artificial intelligence, automation, machine learning, and others.
It has a market capitalization of ₹46541.99 crores and it delivered a 19.07% return in the past year. The clients of Tata Elxsi are in the healthcare, communications, broadcast, and automotive sectors.
Market Capitalization: 46541.99
1-year Return (%): 19.07
Tata Elxsi is the subbranch of Tata Group, which deals in advanced technology like Artificial intelligence, automation, machine learning, and others.
It has a market capitalization of ₹46541.99 crores and it delivered a 19.07% return in the past year. The clients of Tata Elxsi are in the healthcare, communications, broadcast, and automotive sectors.
Market Capitalization: 21505.42
1-year Return (%): 64.94
1-year Return (%): 64.94
Cyient Ltd. earlier was known as Infotech Enterprise Ltd., which began its journey in the year 1991.
Cyient Ltd. is primarily involved in data analytics, geospatial engineering, and other IT solutions. It provides its services worldwide while its headquarters is in India. The current market capitalization of the firm stands at around ₹21505.42 crores and its share price increased to 64.94% standing among the top 10 artificial intelligence stocks in India.
Cyient Ltd. is primarily involved in data analytics, geospatial engineering, and other IT solutions. It provides its services worldwide while its headquarters is in India. The current market capitalization of the firm stands at around ₹21505.42 crores and its share price increased to 64.94% standing among the top 10 artificial intelligence stocks.
Market Capitalization: 14870.57
1-year Return (%): 17.35
This company is known as a tech company that has been transforming the world of artificial intelligence. Affle aims to deliver AI services to its clients. The present market capitalization of the firm stands at around ₹14870.57 crores. The company seemed quite profitable since the past year when its revenue has grown significantly. Its share price is 17.35% in the past year too.
Market Capitalization: 13042.74
1-year Return (%): 111.36
Zensar Technologies has a market presence of over fifty years, this tech firm has been a leader in digital solutions and technology services. It has a vast collaboration with various international firms such as Fujitsu in Japan, the UK's ICL, and Northern Telecom in Canada.
Zensar has marked its market cost of ₹13042.74 crores, and its shares have a massive 111.36% return in the past year.
Market Capitalization: 12348.73
1-year Return (%): 1.85
Happiest Minds Technologies Ltd. is owned for its augmented intelligence, AR, VR image analytics, and likely technology these days.
The potential of the Happiest Minds Technologies firm is noteworthy with a current market capitalization of ₹12348.73 crores and with 1.85% share delivery only in the past year.
Market Capitalization: 983.85
1-year Return (%): 94.28
Kellton Tech is a fore fronting tech firm, which is also known as one of the top artificial intelligence stocks in India. It delivers Digital Experience, Data Science Engineering, AI, ML, Cloud Engineering, Product Engineering, Engineering, and NextGen services.
Kellton has clients across various industries such as Retail, Travel, Hospitality, Manufacturing, Chemicals, banking, healthcare, automotive, fintech, and more. The current market capitalization of the firm is ₹983.85 crores and it delivered a very big 94.28% return in the past year.
Market Capitalization: 2871.50
1-year Return (%): 55.67
Saksoft is a tech firm that deals in providing AI-based services. These services include AI consulting, NLP-powered aspect-based sentiment analysis, ML Development, data mining, and more. The market capitalization of Saksoft at present is ₹2871.50 crores in the last year, and the share price of the firm has zoomed at 55.67%.
In conclusion, investing in AI stocks in India has various advantages due to the growth potential of these stocks. India's increasing digitalization offers significant opportunities for these tech firms. Therefore, investing in these top 10 artificial intelligence stocks for forward-thinking tech firms can be beneficial in the long run.
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