Top 10 Best AI Stocks in India 2022: AI, or artificial intelligence, and machine learning technology, is an initiative aimed at developing modern solutions to various problems faced by consumers in various industries, such as education, health, and financial services, in order to create a better experience for them. The decision to invest in AI stocks in India can be one of the best investments you can make since it could result in a significant long-term return.
The AI for India program was developed by NASSCOM with the aim of implementing AI-based solutions in the Indian market. The AI-based solutions are intended to enable businesses to automate their processes and improve productivity. Many startups and leading companies have already begun developing AI-based solutions. In this article, we will discuss the top artificial intelligence stocks you should invest in in India if you are an investor in the Indian stock market.
The importance of the AI industry in India
AI stands for artificial intelligence, which is the technology that simulates human intelligence in robots. AI and machine learning techniques allow machines and software to be trained to act like humans and complete tasks accordingly, based on the latest technologies. By 2035, AI is expected to contribute about $957 billion to the Indian economy, which is about 15% of India’s GDP. A significant contribution to Indian GDP will be made as a result of the project, as well as the promotion of high-level education, the creation of job opportunities, and the enhancement of current business opportunities.
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Top 10 Best AI Stocks in India 2022
1. Tata Elxsi
An international leader in artificial intelligence, Tata Elxsi was founded in 1989. The company offers a wide range of services in electronics, embedded systems and advanced software. In addition to providing artificial intelligence solutions for self-driving cars, it also provides applications based on AI for a variety of industries. The AI stock of this company is ranked as the top midcap stock of all companies. Over the past three years, investors have received a 174% return on this stock.
2. Kellton Tech Solutions
A Hyderabad-based IT and outsourcing company, Kellton Tech Solutions offers a range of services including connected digital enterprise, SAP, outsourced product development, and much more. The company has also created a budget to invest in automating several business processes to improve productivity. Moreover, it focuses on building artificial intelligence in order to solve the challenges businesses face in scaling and achieving their goals. According to the Nifty IT market, this stock has provided a return to stockholders of 40% and a return to shareholders of 106%.
Founded in 2017, this company has quickly gained recognition as a leading AI-focused company within a short period of time. As a stock that uses cutting-edge technology, it can offer innovative solutions in six different areas and is one of the best AI-focused stocks to invest in India at this time. It has, however, shown a negative return of 15.9% over the past three years, which makes it a perfect stock to invest in right now. It is still one of the best AI stocks in India that can provide long-term investment returns.
The Affle company was founded in 2006 and specializes in providing end-to-end app marketing services. It is an internationally recognized technology company that specializes in the application marketing industry. With its expertise in providing targeted customer engagement, transactions, and acquisitions, Affle provides its users with a clear-cut report based upon behavioural signals and other marketing attributions. In order to help companies engage with their audiences, Affle provides high-end services to them. This is an ideal AI company listed on the stock market and gives a better return compared to other AI companies. It currently has twelve patents pending in several domains such as fraud detection.
5. Happiest Minds
The stock Happiest Minds, which was founded in 2011, is an example of an AI stock to buy if you are still looking for the best artificial intelligence stocks in India. A variety of services are provided by the company, including AI, blockchain, cloud computing, Internet of Things, robotics, drones, and other relevant domains. Using AI for various purposes, the company has top-notch technology. Its algorithms are designed to analyze image data, video data, and other data to gain crucial insights.
6. Zensar Technologies
To capture the largest share of the market share, Zensar Technologies has been focusing on the artificial intelligence segment in order to invest in R&D and have already filed more than 100 patents, allowing this company to focus on this market segment. A company’s prime objective is now to concentrate on the artificial intelligence sector in order to improve the skills of salespeople, marketers, IT professionals, and human resources personnel, among others. There have also been technologies developed by this company for autonomous vehicles and other purposes. This company’s stock has been trading for 24% over the last three years, which is quite impressive.
Persistent Systems was founded in 1993 and is a company that provides top-notch services for the protection of mobile networks for its clients. This company utilises Wave Relay MANET technology in order to accomplish its sole purpose of securing its clients’ mobile networks. Furthermore, this company also uses artificial intelligence software to improve operations, prioritise cases, and build its platform architecture using AI software. Since 2013, the company has experienced an annual growth rate of 10.7%, as well as a growth rate of 16% in sales, making it one of the best AI stocks in India that current investors should choose.
Oracle is a well-known company that provides automation services for its clients using artificial intelligence and data-driven cloud operations. Using this company’s services, customers are able to reduce costs and save time. Its AI-based solution is suitable for a wide range of industries to manage cash flow and automate receivables and payables. Additionally, its features can contribute to the growth of the brand of the company. The company’s AI solution also assists HR in increasing employee engagement and minimizing human error.
9. Mphasis Limited
Mphasis Limited works in this area and provides next generation AI and machine learning solutions to its customers due to the lack of knowledge of advanced analytics and poor big data management. As this company’s artificial intelligence solutions continue to grow, they assist enterprises in harnessing the power of big data and pro analytics. Therefore, this company’s AI stock could also be a good choice to purchase and invest in.
The company was established in 1991 by an Indian multinational corporation. It offers engineering, outsourcing, and technology services to its customers. A Hyderabad-based company which provides advanced AI solutions and assistance to businesses in their pursuit of their respective goals, has also been on the list of top outsourcing companies worldwide for the past several years. In addition to this, it has achieved a CAGR of 10.75 percent and a sales growth of 16%.
Most companies are focusing on the same direction in the current technology trend, which revolves around artificial intelligence and machine learning. Many companies, like Tata Elxsi and Affle, have already launched many AI solutions and are working on innovative solutions. AI solutions can perform advanced calculations, save businesses time, and reduce costs.
It was our intention to discuss the top artificial intelligence stocks in India in this article, which will provide you with a high long-term return. This article provides some useful information on the best artificial intelligence stocks in India. Please share it with others if you like it and help other investors find out about some of the best artificial intelligence stocks in India.