Artificial Intelligence (AI) stocks have been gaining traction in India as the technology sector continues to grow rapidly. With the market expected to witness a 25%-35% growth reaching nearly US$17 billion by 2027, investors are eyeing opportunities in this sector. Here are the top 10 AI stocks in India that investors should consider:
1. Bosch Ltd.: With a market capitalization of ₹86577.11 crores and a 1-year return of 56.58%, Bosch is a well-established technology industry in India known for automation and industrial technology.
2. Persistent Systems Ltd.: This company has a market capitalization of ₹53630.20 crores and a 1-year return of 56.85%. It specializes in software product application development and integration for various industries.
3. Oracle Financial Services Software Ltd.: With a market capitalization of ₹64337.80 crores and a 1-year return of 116.87%, Oracle provides financial technology solutions to global financial service providers.
4. Tata Elxsi Ltd.: A subbranch of Tata Group, Tata Elxsi deals in advanced technology like AI and machine learning with a market capitalization of ₹46541.99 crores.
5. Cyient Ltd.: Formerly known as Infotech Enterprise Ltd., Cyient is involved in data analytics and IT solutions with a market capitalization of ₹21505.42 crores.
6. Affle (India) Ltd.: This tech company focuses on delivering AI services to clients with a market capitalization of ₹14870.57 crores.
7. Zensar Technologies Ltd.: With a market capitalization of ₹13042.74 crores, Zensar is a leader in digital solutions and technology services.
8. Happiest Minds Technologies Ltd.: Known for augmented intelligence and technology services, Happiest Minds has a market capitalization of ₹12348.73 crores.
9. Kellton Tech Solutions: This tech firm offers a range of services including AI, ML, and cloud engineering with a market capitalization of ₹983.85 crores.
10. Saksoft: Providing AI-based services, Saksoft has a market capitalization of ₹2871.50 crores.
Investing in these top 10 AI stocks in India can offer good opportunities for forward-thinking investors looking to capitalize on the growth potential of the technology sector.