Best Artificial Intelligence Stocks in India

11 January 2023
9 min read

Artificial Intelligence (AI) is evolving rapidly, bringing many previously thought of as fictional experiences into the real world.

How can investors invest in this cutting-edge technology that is quickly changing society as AI disrupts how we live and work? Machine learning and Artificial Intelligence are at the core of the current technological revolution. Since they can potentially impact almost every primary industry, these technologies, like smartphones, are practically ubiquitous.

We have created this blog to explain better Artificial Intelligence and how businesses employ the technology. Additionally, we have uncovered some well-liked Artificial Intelligence stocks in this sector that are expanding quickly.

The Indian Artificial Intelligence Industry: A Synopsis

The modeling of human intelligence functions by machines, particularly computer systems, is known as Artificial Intelligence. Expert systems, natural language processing, speech recognition, and machine vision are some examples of specific AI applications.

India brings pure expert knowledge and expandability of solutions to Al’s execution as a nation that swiftly transitioned from paper-based to digital presidency during the pandemic. In India, data is as plentiful as people.

AI initiatives have seen increasing penetration due to this and digital readiness, whether for modular UPI transactions or centralized data storage in the DigiLocker. The horizontal application of technology all over industries for intelligent automation, quicker turnaround, conflict resolution, and more is another aspect of Al's "Indian Secret Sauce."

Best AI Stocks in India

Let us review India's top Artificial Intelligence stocks now that we understand this industry better.

S.No.

Company Name

1.

Tata Elxsi Ltd.

2.

Bosch Ltd.

3.

Kellton Tech Solutions Ltd.

4.

Happiest Minds Technologies Ltd.

5.

Zensar Technologies Ltd.

6.

Persistent Systems Ltd.

7.

Saksoft Ltd.

8.

Oracle Financial Services Software Ltd.

9.

Affle India Ltd.

10.

Cyient Ltd.

Factors to Consider Before Investing in Artificial Intelligence Shares in India

  • Detailed Company Research

Recognize an AI company's business strategy and its prior success. In addition, please pay attention to the company's policies and procedures, the location of its headquarters and manufacturing facilities, and its long-term growth plans.

  • Check the Price-to-Earnings Ratio for The Company

Do not let your emotions lead you to give a company the benefit of the doubt, even if you have strong feelings about investing in it. You must comprehend every detail of their financial operations. You should keep an eye on how much debt they have, their current profitability, and share price about their earnings per share.

  • Determine the Level of Risk That is Present

How can you determine which stock of a particular company is riskier than the remainder of the market? Before making any investments, you can start by figuring out a company's beta or way of measuring uncertainty regarding the larger market. It is simple to determine a company's beta, and doing so can help you avoid future problems.

  • Check if the Dividend on the Stock is High Enough to Make it Worthwhile

On financial news websites, investors can find out which stocks pay dividends. Avoid unrealistic expectations; a startup should not be expected to pay dividends.

  • Keep Tabs on the Stock Chart of the Company

Utilize stock chart indicators that are as basic as possible to determine price changes. Think about the company's exposure to various economic variables and potential modifications to its market.

Top Listed Artificial Intelligence Companies in India: An Overview

1) Tata Elxsi Ltd.

Tata Elxsi Ltd. is a company that offers design and technology assistance. System integration and support and software development and services are the two divisions in which the company operates.

Its system integration & support segment is involved in the implementation and integration of complete systems and solutions for computing, broadcast, virtual reality, storage, and disaster recovery, as well as professional services for maintenance and support of infrastructure technology infrastructure in India and abroad.  

Technology consulting, new product design, development, and testing services, consumer insights and strategy, visual design and branding, product and packaging design, user experience design, service experience design, transportation design, high-end content, and three-dimensional (3D) animation services are all provided by the company's software development and services segment.

2) Bosch Ltd.

Bosch Ltd. is an Indian-based provider of goods and services in energy and building technology, consumer goods, industrial technology, and mobility solutions.

The company's segments include automobiles, consumer goods, and other products. Diesel systems, gasoline systems, and automotive aftermarket goods and services make up the Automotive Products segment. In addition, some of its main offerings are power tools, building technology (security technology), and fuel injection equipment and components.

The company creates hardware, software, and service-based smart mobility solutions. Cooking and baking, washers and dryers, dishwashers, refrigerators, and freezers are all included in its product category for home appliances.

In addition, it provides goods and services for businesses and trades, such as drive and control technology, energy and building solutions, engineering and business solutions, professional power tools, security solutions, and software solutions.

3) Kellton Tech Solutions Ltd.

Kellton Tech Solutions Ltd. is an international company with its headquarters in India which provides services in enterprise resource planning, digital transformation, and other information technology fields.

Agile Software Development, Digital Commerce and Marketing, Digital Integration, Outsourced Product Development, Platform Modernization, Professional Services, Research and Development Labs, Technology Consulting, and Testing and Automation are some of the services offered by the company. In addition, it provides the Kellton4Media, KLGAME, Optima, and tHRive platforms. Kellton4Media covers all the various duties and responsibilities a media organization carries.  

The company also allows editorial content control, story submission, and ad publishing. KLGAME is a location-based gamification, analytics, and messaging engine for the Internet of Things (loT). Optima is a digital oilfield analytical platform with loT capabilities that gathers and aggregates vast amounts of data from numerous sources and produces insights.

4) Happiest Minds Technologies Ltd.

Information technology (IT) consulting and services provider Happiest Minds Technologies Ltd. is based in India. Infrastructure Management & Security Services (IMSS), Digital Business Solutions (DBS), and Product Engineering Services are among the company's segments (PES).

IMSS offers managed security services and ongoing support for technology firms and mid-sized businesses. Additionally, it provides solutions for a wide range of digital technologies, including security, cloud computing, business process management (BPM), big data and advanced analytics, robotic process automation (RPA), and software-defined networking/network function virtualization (SN/NFV).

Through digital software development and application modernization, DBS concentrates on online modernization and transition for its clients. In addition, PES provides device engineering, platform engineering, and digital foundry.

5) Zensar Technologies Ltd.

Zensar Technologies Ltd. provides electronic alternatives and technology services. A variety of information technology (IT) solutions and services are offered by it. Digital and Application Services (DAS) and Digital Foundation Services are its two operating segments (DFS).

Custom application management services, which span a variety of technical and commercial verticals, are included in the DAS segment. These services include application development, maintenance, support, modernization, and testing.

6) Persistent Systems Ltd.

The Indian holding company called Persistent Systems Ltd. operates in the software and technology services industries. The company offers various services, including data and analytics, intelligent automation, cloud & infrastructure, client experiences (CX) transformation, and data and product engineering.

The company provides services to several sectors, including banking, financial services, insurance, healthcare, life sciences, industrial, software, high-tech, telecom, and media. Aepona Group Limited (AGL), Aepona Imported, Youperience GmbH (YGmbH), and Youperience Limited are some of the company's subsidiaries.

7) Saksoft Ltd.

Saksoft Ltd., the holding company, is based in India. Information technology (IT) services, allied business solutions, and strategic consulting services, including digital transformation solutions, are all businesses in which the Company and its subsidiaries are involved.

Businesses can access real-time information thanks to the company's custom-developed cloud-enabled enterprise applications and omnichannel solutions. The company's verticals include telecommunications, healthcare, retail e-commerce, logistics and transportation, fintech, and the public sector.  

Enterprise applications, intelligent automation, augmented analytics, and enterprise cloud is some of the company's digital solutions. In addition, the company offers application services, managed services, testing and quality assurance (QA), and core data services. The Company primarily conducts business in Europe, the United States, Asia Pacific, and Others.

8) Oracle Financial Services Software Ltd.

Oracle Financial Services Software Ltd. is a company that offers business processing services and information technology solutions to the financial services sector. Its segments include business processing outsourcing services, IT solutions and related services, product licenses, and associated business activities (Products) (BPO-Services). Products are the various banking software products covered in this segment.

Enhancement, implementation, and maintenance activities are included in its related activities. Its Services segment provides services spanning the lifecycle of applications used by financial service institutions. Technology, application, support, and consulting services are part of this segment's service offering.

9) Affle India Ltd.

The global technology company Affle (India) Ltd., based in India, provides a consumer intelligence platform that generates consumer recommendations and conversions through relevant mobile advertising for brands and business-to-consumer companies worldwide.

The Consumer platform and Enterprise platform are two of the company's segments. Appnext, Jampp, Mass, Faas, Mediasmart, Traction Enterprise, Rex, and Vizury are some of its platform options. Its consumer platform mainly offers services like converting new customers and retargeting current customers to move them closer to transactions.

Additionally, it provides complete solutions for businesses to improve their interaction with mobile users, including the creation of apps, the ability for offline companies with e-commerce ambitions to conduct business online, and the provision of enterprise-grade data analytics for both online and offline corporations.

10) Cyient Ltd.

Cyient Ltd. is an India-based technology and engineering solutions providing-company. The company specializes in network, operations, analytics, and geospatial solutions. In addition, transportation, communication, and utilities, a portfolio of industries, and digital services and solutions comprise its Services segment.

Offering electronic manufacturing solutions across various industries, business units, and sectors, including transportation, communication, and utilities, is the focus of its Design Led Manufacturing segment.

Conclusion

Artificial Intelligence (AI) is now a crucial tool for several businesses, and India's technology market is expanding quickly. Artificial Intelligence has ingrained itself into every aspect of modern life, from online shopping to educational data. Additionally, many startups in India are growing and creating AI solutions for the financial, healthcare, and other sectors.

The rising demand in the present and the future has been luring numerous businesses to adopt the trend over the past few years, increasing investment. Therefore, investing in digital technologies can yield enormous profits in the upcoming years.

Moreover, watching how the power of AI technology is applied to more areas of our daily lives will be fascinating.

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Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here
Research Analyst – Himanshu Sinha

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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