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Investment experts often advise now to invest in artificial intelligence stocks in India. Retail Investors are mostly focusing on mainline stocks to invest in as it seems they are safe. However, artificial intelligence stocks in India can give better returns than traditional stocks. These artificial intelligence stocks are futuristic stocks that have strong fundamentals and strong potential to grow in the future.
Just think about the companies that are dealing with smart homes, smart assistants, driver-less cars, smart cities, automated recommendations, voice recognition systems, and other such applications. In our day-to-day lives, we experience the growth of these products or services. You can get a sense of these products around your city, home, or college.
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If you get the chance to invest your money in such companies via their stocks, do you think it will interest you? I believe these are great investment opportunities for good returns in the future. You just have to choose the right artificial intelligence stocks India has at the right time to invest in.
Artificial Intelligence Market Size and Forecast
According to market research reports, the artificial intelligence market size was estimated at $136.55 billion in 2022. The artificial intelligence market size is expected to grow at a CAGR of ~37% to reach ~$1,811 billion by 2030 from 2023 driven by mounting investments in AI technologies, digital disruption, and competitive advantage in this fast-growing global economy.
In India, the Artificial Intelligence market size is expected to reach US$5.47bn in 2024. Driven by the government initiatives in the digital economy, smart city, and increasing investment in automatic products and services, the artificial intelligence market size is expected to grow at a CAGR of 18% over the years from 2024 to 2030 to reach an estimated market of US$15bn by 2030.
Best Artificial Intelligence Stocks India
Looking at the growth in the market both domestically as well as globally, AI stocks in India will perform significantly well. What is left with us is to choose the right stocks now and look for the right entry time when the broader market is in correction mode so that you can get these stocks at cheap. Let us find out which are these stocks.
Artificial Intelligence Stocks India
| AI Stocks In India | Market Cap (in INR Crore) | Book Value Per Share | ROCE(%) | ROE (%) | P/E Ratio | 5-year CAGR (%) | 1 Year returns (%) |
|---|---|---|---|---|---|---|---|
| Bosch Ltd | 55,766 | 3,734 | 17.4 | 13.2 | 39.1 | 5.01 | 15.5 |
| Tata Elxsi | 45,532 | 335 | 47.7 | 41.1 | 59.9 | 17.8 | -10.8 |
| Persistent Systems Limited | 36,386 | 519 | 30.3 | 25.3 | 37.9 | 22.4 | 33.3 |
| KPIT Technologies | 47368 | 67.8 | 30.2 | 25.7 | 87.7 | 74 | 102 |
| Cyient Limited | 16,318 | 314 | 19.8 | 16.6 | 29.8 | 8.98 | 84.7 |
| Oracle Financial Services Software Ltd | 33,350 | 863 | 35.1 | 24.8 | 18.5 | 4.71 | 20.6 |
| Happiest Minds Technologies Ltd | 14,261 | 56.2 | 27.4 | 28.9 | 65.9 | 24.6 | -3.64 |
| Affle India Ltd | 13,954 | 110 | 20.2 | 18.5 | 57.0 | 53.7 | 0.79 |
| Zensar Technologies Ltd | 11,004 | 131 | 15.0 | 11.6 | 26.9 | 9.3 | 86 |
| Saksoft Ltd | 3,330 | 38.3 | 28.4 | 22.7 | 40.6 | 18.4 | 219 |
| Kellton Tech Solutions Ltd | 831 | 38.6 | 14.5 | 10.4 | 18.7 | 3.2 | 15.8 |
Best AI Stocks in India
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Bosch Ltd – Best AI stocks in India
Bosch Ltd is one of the best companies in AI stocks in India. As a prominent electronics and white goods manufacturer, the company has strategically positioned itself to benefit from this technology. Bosch has been investing in the future technology and can offer steady gains to investors for years.
Bosch has strong expertise in automotive technology with hardware, software, and services. With the inclusion of AI technology, the company can offer complete mobility solutions with ease. The company has incorporated AI in different activities such as engineering, production, supply chain management, and electric vehicles.
With a wide array of products based on AI and machine learning systems, Bosch is likely to be on a growth path with its strong clientele both domestic as well as global footprint.
Tata Elxsi – Among Top AI Stocks in India
Tata Elxsi is one of the top AI stocks in India and has been dominating the software market for the past 25 years. The company has created unique solutions and systems for various applications, ranging from video analytics to self-driving cars to lead as one of the top AI companies in India.
Most importantly, Tata Elxsi belongs to the most trusted brand in India Tata Group of Companies. Hence, it is a safe bet for investment in the long term. We can trust the company management to walk the talk. Tata Elxsi has been one of the world’s leading design and technology services providers across various segments, including automotive, broadcast, healthcare, and transportation.
Among its offerings “Cognitive Video Services Framework,” is one of the remarkable offerings that empowers new revenue models, personalized content, automated content analysis, etc. Thus, it is one of my top AI stocks in India.
Persistent Systems Limited – One of my Best AI Stocks
Persistent Systems is one of the best AI companies and a valuable resource for companies seeking software engineering and AI services to support their businesses. The company has a presence across the globe with 350 clients in 18 countries. It is well known for its AI based software and technology solutions.
The company offers services such as digital payments, intelligent automation, data governance, etc. for various industries such as healthcare, insurance, life sciences, healthcare, industrial, telecom and software, and hi-tech.
KPIT Technologies – One of my Favourite artificial intelligence stocks in India
KPIT Technologies is one of the best AI companies in India that offers software, AI, and digital solutions to the automobile and mobility sector across the globe including India, the U.S., the UK, and the rest of Europe. With its wide range of solutions for automated driving, advanced driving assistance solutions, etc. Its products also deal in battery management systems, high-powered inverters, advanced charging equipment, and more.
KPIT has delivered good profit growth of 326% CAGR over the last 5 years and has been maintaining a healthy dividend payout of 29.1%. KPIT reported a strong revenue growth of 4.7% in FY23 YoY and net profit growth of 43.5% on a YoY basis.
CYIENT – Artificial Intelligence Stocks India
Cyient mainly operates in the area of outsourcing, focusing on engineering, industrial products, data and network operations, and product realization. The company has been investing significantly in Digital Engineering, with particular emphasis on Artificial Intelligence, Machine Learning, Quantum, and cloud computing. The products, such as CyFAST, an AI-powered test automation platform, have seen success by covering a vast number of test cases and reducing time-to-market. The company with over 20 years of experience in embedded software solutions, and a presence across the region worldwide.
Oracle Financial Services Software Best AI based Stocks
Oracle Financial Services Software is one of the best AI based stocks in India. The company has been providing IT solutions and business processing services to the financial sector. The company has adopted cutting-edge technologies such as blockchain, artificial intelligence, and machine learning to empower financial institutions to become more inclusive, agile, and collaborative. The company has been one of the favorite AI stocks among investors across the globe. Invest in this AI stock in correction for the long term. It is one of the best AI based stocks for portfolio investment in India.
Happiest Minds Technologies Best AI Stocks in India
Happiest Minds Technologies is one of the best AI based stocks in India to invest in . Headquartered in Bangalore, India, the company was founded in 2011 and is spread across countries with operations in the U.S., UK, Canada, Australia, and the Middle East. Happiest Minds provides enterprise transformation and next-generation products focusing heavily on IoT, software-defined networking, and big data along with advanced analytics. The company services across industries such as automotive, banking, consumer packaged goods, e-commerce, education publishing, retail, and manufacturing.
The company claims to be an expert in areas such as Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing, and Consulting. The AI-related offerings of the company include the implementation of advanced analytics using artificial intelligence, machine learning, and statistical models, engineering big data platforms to deal with large volumes of data, and process automation through AI.
Affle India – One of the Best AI based Stocks
Founded in 1994, Affle is a global technology company with a proprietary consumer intelligence platform. The platform helps transform ads into recommendations, empowering marketers to effectively identify, engage, acquire, and drive transactions with potential and existing users. The company utilizes AI and ML, to help user conversions across connected devices.
Zensar Technologies – One the Best AI Stocks
Zensar Technologies developed deep learning-based solutions for industries such as BFSI, retail, and manufacturing. The company leverages AI in data engineering, analytics, and demand forecasting for products based on historical sales and real-world data.
Zensar Technology has been making investments in blockchain, IoT (Internet of Things), new and exponential technology (NeXT), and natural language processing. The company has applied for 100 patents in the previous two years. Zensar Technology is one of the best picks for AI stocks in India.
Saksoft Small cap Artificial Intelligence stocks in India
Saksoft Ltd is a leading Digital Transformation Solution Partner that offers a wide range of services, including application development, testing, quality control, cloud-based solutions, mobility, Internet of Things (IoT), Information Management (IM), and Business Intelligence (BI). Saksoft is a small-cap company with a lot of potential to grow in the area of AI and ML. The company specializes in providing business intelligence and information management solutions primarily to mid-tier companies.
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We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO. Learn all company insights for investment in new companies in the Indian share market 2023. To know more information about company insights for investment, business overview of companies for investment, here are some suggested readings on company insights for investment – Green Hydrogen Stocks in India, 10 Best IPOs in 2022, Tata Motors Stock Price, Tata Play IPO, Upcoming IPOs, Upcoming SME IPOs, Tesla Stock Price, Tata Technologies IPO, AI Stocks in India.