What are AI stocks?

AI stocks are the stocks of companies listed on the stock exchange that are involved in the development and application of AI technology. AI is reshaping how companies operate, making them faster and smarter, and companies that adopt AI early are positioning themselves for long-term wins. The one factor that is driving the AI stocks in India is the widespread adoption of AI across numerous industries.

Why Invest in the AI Stocks in India?

From infrastructure stocks to ethanol stocks India, these stocks belong to developed or already established industries. The AI stocks in India, however, are developing, which is why they offer numerous benefits to investors and traders. 

 

• Growth Potential: These stocks have high growth potential as the AI sector in India is experiencing rapid growth due to increasing adoption.
• Diversification: The growing AI industry allows investors and traders to diversify their portfolios to reduce risk and earn high returns.
• Early Exposure: AI development has long been going on, but the industry is relatively new and in its initial phase. This allows you to get the stocks at a cost-efficient price.
• Government Support: With a number of programs and regulations, the Indian government is aggressively advancing AI.

 

Top AI Stocks in India You Need to Know About

Here are top AI stocks in India that you can invest in in 2024:

Companies	Market Capital	PE Ratio	Dividend Yield (%)
Tata Elxsi	₹481003 Cr	61.05	0.91%
Infosys	₹8,07,258 Cr	30.22	1.96%
Persistent Systems	81,930 Cr	70.34	0.49%
HCL Technologies	₹4,92,492 Cr	29.90	2.98%
Oracle Financial Services Software	₹1,05,994 Cr	45.67	1.96%
Tech Mahindra Ltd	₹1,62,037 Cr	58.33	2.42%
Tata Consultancy Services Ltd	₹16,34,598 Cr	35.07	1.24%
Cyient Ltd	₹23,678 Cr	35.84	1.41%
Zensar Technologies Ltd	₹17,924 Cr	27.09	1.14%
L&T Technology Services Ltd	61100 Cr	46.92	0.87%

*as of date 13/09/2024

 

You may also be interested to know

IT Stocks in India

Ethanol stocks India

Infrastructure Stocks India

Defense Stock India

Consumer Food Stocks India

 

Best AI Stocks in India Profile

Here is what you need to know about the best AI stocks in India:

 

• Tata Elxsi: Tata Elxsi is working on AI tech for self-driving cars and AI-driven healthcare. So, if you’re eyeing AI stocks in India, Tata Elxsi is definitely a good starting point.
• Infosys: Infosys has been making some big strides in AI through its platform, NIA. Businesses are using it to automate a ton of things, which is driving serious efficiency.
• Persistent Systems: It is popular among investors as the company is making AI for industries like finance and healthcare. Persistent Systems should definitely be on your radar when thinking about AI stocks in India.

 

AI stocks are exciting but there are other sectors that are quietly growing strong in India, namely ethanol stocks in India and infrastructure stocks in India. These stocks are also just as important to the country’s growth.

 

Conclusion

AI stocks in India are where a lot of investors are looking because they offer massive growth potential. Tata Elxsi, Infosys, Persistent Systems, and HCL Technologies are some of the key players in this space. Whether it’s AI or ethanol stocks India, make sure you have a strategy to balance risk with reward.

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Kindly consult an expert before making any related decisions.