Artificial Intelligence has made its way to the global markets at an astonishing pace. The world is now moving towards a modern revolution. With the rapid technological advancements, the stock market has witnessed a massive transition within this decade. With Companies starting to invest in artificial intelligence, this technology has proven to be a milestone for the finance sector too! Over the years, India has become a major eye for investors all over the world. The technology and workforce available in the country are truly remarkable. Indian companies have now started to use artificial intelligence in their businesses and operations which has impacted the Indian stock market in a significant way. The Indian stock market is a great domain for the citizens to invest their money and no doubt artificial intelligence has proved to be worth investing in! Now, we know that artificial intelligence is worth investing in. But which stocks are worth investing in? Which are the companies trending in the stock market? Let us find it out!
TOP AI Stocks In India:
- Tata Elxsi LTD.: For ages, TATA industries have been a trustworthy name across the globe. With Artificial Intelligence meeting TATA Elxsi, the company has given birth to great innovations which have resulted in the growth of their stock values. Currently, the market cap of the company is US$464.15 billion with a share price of INR 7,418.55. The company was founded with the vision of developing applications in electronics, embedded systems, and software. Over the years, Tata Elxsi has established itself in the world as one of the leaders in delivering services to various industries.
- Mphasis Limited: With the use of cognitive computing, Mphasis innovates and develops technology specializing in next-gen AI and machine learning. Over the years, the company has gained demand and recognition in the market for its core competencies in big data management and advanced analytics which are currently demanded by every business. The price for Mphasis limited shares currently stands at INR 3,114.35 with a market cap of US$585.016 billion.
- Saksoft Limited: This company has made its reputation across the globe as a successful digital transformation solution partner. The covid 19 pandemic has acted as a great opportunity for the company to have rapid growth in their shares as these unprecedented times gave a boost to the rapid technological evolution across the globe. As more companies invest in automation, technology-led cost reduction, and digitalization-induced improvement in organizational productivity, the market dominance of this, one of the top artificial intelligence shares, grows. The price for Saksoft Limited shares currently stands at INR 7,418.55 with a market cap of US$9.94 billion.
- Oracle: This company is best known for its data-driven applications with pre-built artificial intelligence. They aim to provide these services which indeed intend to be time efficient and at the same time be pocket friendly for the customer to have a hassle-free experience. The applications developed by Oracle are useful for any industry to accomplish numerous tasks. This involves tasks like the optimization of cash flows, and automation of receivables and payables. This also includes inventory and procurement for finance teams. Currently, the price of oracle shares stands at US$81.68 with a market cap of US$218.12 billion.
- L&T Technology Services Limited: This company has gained recognition for its customized applications with a key focus on the development of AI solutions to cater to industry needs. In order to serve the best in class solutions, L&T uses a machine learning library, natural processing, and machine vision computing. This helps the company to be efficient and productive even in the hardest and most challenging work conditions. Currently, the L&T Technology Services Limited shares price stands at INR 4,773.95 with a market cap of US$503.129 billion.
- Cyient Limited: This Indian multinational company has a core aim of developing services in engineering and data manufacturing. Along with this it also deeply focuses on networks, data analytics along with operations. Cyient Limited formerly started as a private limited company named Infotech Enterprises which mainly focused on developing and delivering its customers efficient and reliable engineering services worldwide. Currently, Cyient Limited’s share price stands at INR 909.35 with a market cap of US$100.399 billion.
- Happiest Minds Technologies Limited: The Internet of Things, blockchain, robotics, and other such technologies are highly advanced and if used smartly can make your business boom like you never imagined. Happiest Minds Technologies Limited is one such IT company that provides consultancy and services to its clients in order to boost their business. Their expertise includes artificial intelligence, the cloud, the Internet Of Things, and many such technologies. Happiest Minds, in order to provide the best technology solutions, employs artificial intelligence in language processing, image analytics, video analytics, and other areas. Currently, the company’s share price stands at INR 1,161.70 with a market cap of US$170.839 billion.
- Tata Consultancy Services Limited: Like we mentioned earlier about the glory of the Tata Group and how over the decades it has emerged as a giant industrialist, Tata Consultancy Services also known as TCS is a subsidiary body of the TATA Group. The company has expertise in IT services and consultation. This company is amongst the top Indian companies which are globally successful and are amongst the top IT companies across the globe. It is also India’s second-largest company by market capitalization. The share price of TCS is INR 3,660.45 with a market cap of a massive US$13.544 trillion.
Artificial Intelligence is growing massively and is penetrating businesses and industries across the globe. With India developing technology rapidly and artificial intelligence being adopted by tech giants, the country is successfully transforming the future of the world and the country’s position in it. With this success, India is leading towards becoming a major hub for investments and collaborations with foreign companies. According to the State of the Education Report 2022 (SOER), Artificial Intelligence will transform and boom massively in the country with a rate of 20.2% Compound Annual Growth (CAGR). The world is indeed transforming and Indian AI companies are successfully leading the way toward better technology.
Author- Toshank Bhardwaj, AI Content Creator
