Best Artificial Intelligence Stocks in India

Best Artificial Intelligence Stocks in India 2024 as per Analyst Ratings

The following table mentions the top listed artificial intelligence companies in India as per analyst ratings. We have chosen analyst rating as a criterion because stock analysts rate a stock after running a thorough study of the market:

Top Artificial Intelligence Stocks in India in 2024 as per Market Capitalisation

Here is a table mentioning the best AI Stocks in India in 2024 as per market capitalisation:

Overview of Best Artificial Intelligence Stocks in India as per Analyst Ratings and Market Capitalisation

Here is a comprehensive overview of artificial intelligence shares in India as per analyst ratings and market capitalisation in 2024: 

1) Affle India

Founded in 1994, Affle India Limited is a multinational technology company. It mainly aims to transform marketers' ads into suggestions by assisting them in identifying, engaging, acquiring, and driving potential users. The company works in two segments: the enterprise and the consumer platform. Its enterprise platform offers various digital transformation services to create audience-focused digital assets. It includes platforms like MAAS, RevX, Vizury, Appnext, and Jampp. 

The company also provides complete solutions for businesses to improve their interaction with mobile users, such as app development and helping offline businesses move online. Additionally, their consumer platform gives recommendations and drives conversions through targeted mobile advertising. Affle India Limited has its headquarters in Mumbai and offers services to more than 20 countries.

2) Zensar Technologies

Headquartered in Pune, Zensar Technologies Limited provides digital solutions and technology services. The company offers services in 5 segments - advanced engineering services, data engineering & analytics, foundation, application and experience services.

The advanced engineering services include digital engineering, cloud strategy and operating model, cloud transformation and operations, etc. Zensar’s data engineering & analytics consists of automation, AI and ML, visualisation and analytics, generative AI services, etc.

Additionally, its foundation services comprise digital infrastructure, digital workplace, digital operations, digital security, etc. It also provides experience services, banking and financial services, health care and life sciences, Hi-Tech engineering services, telecom, manufacturing and consumer services. Furthermore, Zensar aims to promote sustainability via its power of technology and has set a target to achieve net zero GHG emissions by 2040.

3) Persistent Systems

Incorporated in 1990, Persistent Systems Limited is an Indian technological services company that engages in developing and maintaining software products and solutions. The company provides services like cloud and infrastructure, CX transformation, application development and management, data and analytics, consulting, intelligent automation, enterprise integration,  software product engineering, enterprise IT security, etc.

Persistent Systems Limited also provides services in various industries like insurance, banking and financial services, industrial, software and Hi-tech, healthcare, consumer tech, life sciences, software, telecom and media.

Moreover, it also offers Persistent.AI solutions that help customers enhance software development, lower costs, reduce manual operations, stimulate faster growth of revenue and improve customer experiences. Its cloud and infrastructure section includes Persistent Intelligent IT Operations (PiOps), hybrid & multi-cloud transformation, data centre modernisation and cloud advisory services. Persistent Systems operates in the US, France, Singapore, South Africa, Australia and Japan. 

4) Bosch

Bosch Limited, located in Bengaluru, is a subsidiary of  Robert Bosch GmbH, which is a German multinational engineering and technology company. The company is a supplier of technology and services in industrial technology, mobility solutions, energy and building solutions, engineering and business solutions, security solutions, power tools for professionals, etc.

Bosch Limited is involved in manufacturing and selling things like fuel injection systems for diesel and gasoline, automotive aftermarket products, industrial equipment, electrical power tools, security systems and energy products for both industries and consumers. 

Its consumer goods part focuses on trading power tools and related items. Furthermore, Bosch is mainly involved in supplying, selling, and distributing automotive parts for vehicle servicing and workshops, among other things. It has around 17 manufacturing sites along with 7 development and application centres in India. 

5) Oracle Financial Services Software

Headquartered in Mumbai, Oracle Financial Services Software (OFSS) Limited is an IT company that offers information technology services to the finance industry.  The company provides solutions like AML and financial crime compliance banking, payments, risk and finance, revenue management, insurance, human capital management, cloud infrastructure, data management, customer acquisition, etc.

Its Products section manages banking software products and product-related activities like implementing and enhancing banking activities. Some of the banking products the company offers include Oracle FLEXCUBE for Islamic Banking, Oracle FLEXCUBE Universal Banking, and others.

Its Services part offers different services for banks, like consulting services, prime sourcing, business process outsourcing and application support. The company operates in many places around the world, including the Asia-Pacific, the Middle East, Europe and Africa.

Factors to Consider Before Investing in Artificial Intelligence Stocks in India

Here are the factors you need to consider before investing in the AI stocks in India:

• Financial Health 

Before buying AI stocks in India, you must look at the financial health of such AI companies. Look for their balance sheets, cash flow statements,  debt-to-equity ratios, revenue, etc. You must pick companies with strong finances that have better chances of growth.

• Competition

Understand how AI companies compete in India. Consider their technology, their market size, and if they own valuable ideas. Strong competition skills mean better growth and lasting success.

• Ethical Considerations

You must make sure the AI companies you invest in, use AI in a fair and ethical manner. Since unethical practices can damage a company's reputation and stock price.

• Regulations

Keep an eye on the government regulations for the use of AI in India. You must make sure the companies you invest in follow the rules set by the government. Changes in rules can affect how these companies work and, ultimately, their market performance.

Should You Invest in Artificial Intelligence Stocks?

When considering whether to invest in AI stocks, it is important to be aware of the risks involved. One major risk is the volatility of the stock market, which can cause AI stocks to fluctuate rapidly in price. Additionally, regulatory changes, competition and technological limitations also pose challenges to the AI industry. 

Regulatory changes could impact the industry's growth, while competition may reduce profits for AI companies. Moreover, the industry's high competitiveness means that established companies with significant resources can quickly disrupt existing players, leading to potential losses for investors. 

The Bottom Line 

When investing in the AI stocks, it is important to remember that there are growth opportunities along with risks involved.

By diversifying your investments, doing thorough research and staying updated on industry news, you can make smart decisions. Moreover, remember to conduct your own due diligence or seek advice from a financial expert before making any investments.