Artificial Intelligence Stocks in India: Top stocks to Watch Out for in 2023

 

 

Artificial intelligence is popping up everywhere these days. From Alexa to Tesla, homes are becoming more automated, and companies in India are taking advantage of AI to boost their business.

We’re seeing intelligent systems deployed for a variety of tasks and decisions to increase productivity. According to IDC, the Indian AI industry is expected to expand from 3.1 billion USD to 7.8 billion USD by 2025.

Investors interested in cashing in on this trend should consider investing in Artificial intelligence-related stocks. In this article, we’ll be looking at the top AI companies in India that could give you great returns in the future.

With Chat GPT, Bard and other Artificial Intelligence technologies having the potential to change the way we communicate and interact with machines the Future of AI-related stocks looks very promising.

 

 

What is Artificial Intelligence?

 

Artificial Intelligence is all about making machines, computers, and robots act like humans – without any humans actually doing anything! These systems are super fast and super smart and can take decisions for us.

 

Also read: An Indicator that works on all markets

Top Artificial Intelligence Stocks in India

Top Artificial Intelligence Stocks In The Indian Stock Market

1. Tata Elxsi Ltd.
2. Bosch AI Ltd
3. Saksoft limited
4. Happiest Minds Technologies Ltd
5. L & T Technology Services ltd.
6. Affle India
7. Zensar technologies ltd
8. Persistent Systems
9. Kellton Tech Solutions

10. Oracle financial services ltd
11. Tata Elxsi Ltd.

Tata Elxsi, based in Bangalore, India, has been at the forefront of creating innovative tech. They’ve developed a wide range of AI-driven products, ranging from self-driving cars to video analytics solutions. To meet the increasing demand for intelligent systems, they’ve set up a Cognitive Video Services framework, which is an AI-based video analytics solution. It’s designed to do things like personalize video content for users, transform video into value using AI, suggest new revenue generation opportunities, and automate content analysis.

The Market capitalization for Tata Elxsi Ltd remains at 414.39 billion and has delivered good profit growth of 25.9% CAGR over the last 5 years. The Company has a good return on equity (ROE) track record 3 Years of ROE of 31.6% and has been maintaining a healthy dividend payout of 56.5%

2. Bosch AI

Bosch is all about making life easier. They’re looking to use AI to increase efficiency in Bosch plants, optimize supply chains and reduce costs. Plus, they plan to incorporate AI into many of their products and services – making AI part of the core of their business. Founded in 2017, Bosch is determined to create and develop all its products with the help of AI.

The Market capitalization for Bosch AI remains at Market Cap₹ 51,3 billion and Company is almost debt free.

The company has been maintaining a healthy dividend payout of 56.3%

3. Saksoft limited

Saksoft Limited is a major player in the Digital Transformation Solutions world, making waves across the globe. During the pandemic, the company saw a huge boost in its stock prices as the need for tech-driven cost savings and digital optimization has become more urgent. Now they’re one of the hottest AI stocks on the market, with companies investing in automation and tech to stay competitive.

The Company has reduced debt and has delivered Company has reduced debt and has delivered good profit growth of 29.9% CAGR over the last 5 years. The Market capitalization for Saksoft limited remains at 13.69 Billion

4. Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd. is a leading IT company that provides consulting and services in the fields of Artificial Intelligence, including language processing, image analytics, video analytics, and more.

The company’s market valuation is at 121.58 billion and is expected to give a good quarter, they have delivered good profit growth of 112% CAGR over the last 5 years. The company has been maintaining a healthy dividend payout of 18.3% and  a good return on equity (ROE) track record: 3 Years ROE of 38.9%

5. L & T Technology Services ltd.

LTTS is a leader in engineering excellence and is renowned for its innovative solutions. Our achievements range from the inception of the World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World. Our capabilities in engineering design, product development, smart manufacturing, and digitalization have a huge influence on day-to-day life. With 110 R&D and Innovation Centers located globally, we specialize in pioneering innovative technologies.

The company’s market capitalization stands at 348.14 billion and Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%and  has been maintaining a healthy dividend payout of 33.4%

 

6. Affle India

Affle is a globally-renowned technology company, that provides an innovative consumer intelligence platform that enables marketers to engage effectively with customers by transforming ads into personalized recommendations. Recently, Affle India successfully completed its Initial Public Offering in India.

The company is expected to give a good quarter and has a good return on equity (ROE) track record: 3 Years ROE 34.1%

The current market capitalization stands at 139.79 billion.

7. Zensar technologies ltd

Zensar Technologies has created revolutionary artificial intelligence solutions for industries such as manufacturing, retail, and BFSI. Their AI is capable of accurately predicting product demand by analyzing current market trends and past sales information.

To stay ahead of the curve, the company is also investing heavily in natural language processing, the internet of things, NEXT technology, and blockchain.

The company’s market capitalization is at 50.04 billion and  has been maintaining a healthy dividend payout of 26.0%

8. Persistent Systems

PersistentSystems Ltd. was founded in Pune in 1993 with the mission of supplying its customers with robust and expansive mobile networking capabilities. The company leverages Artificial Intelligence to help corporations maximize and broaden their operations, engineer platform structures, and prioritize cases.

The company has achieved remarkable financial accomplishment and is a sound venture in the Artificial Intelligence (AI) field, taking advantage of state-of-the-art Wave Relay Mobile Ad-hoc Network (MANET) technology.

The Company’s market capitalization is at 342.14 billion and  has been maintaining a healthy dividend payout of 31.7%

The Company’s median sales growth is 17.4% in the last 10 years.

9. Kellton Tech Solutions

Kellton Tech Solutions is a Hyderabad-based IT and Outsourcing firm that harnesses the power of Artificial Intelligence to solve complex problems with minimal human effort. Its areas of expertise include digital transformation, conversational AI, machine learning, and more.

The Company’s market capitalization is at 5.48 billion and the stock is trading at 1.04 times its book value

The Company’s median sales growth is 24.4% over the last 10 years

10. Oracle financial services ltd

Oracle’s Artificial Intelligence capabilities can be utilized to accelerate automation and reduce human errors within a business’s IT infrastructure. Its comprehensive cloud applications and platforms can be utilized to gain valuable insights that can help with cash flow, receivables and payables, procurements, and inventory management.

The market capitalization for Oracle financial services is 263.62 billion. The company is providing a good dividend yield of 5.95% and has a good return on equit (ROE) track record: 3 Years ROE 26.3%. They have been  maintaining a healthy dividend payout of 96.7%

 

Conclusion

Recent advancements in Artificial Intelligence (AI), Robotics, and Automation have created a major disruption in a variety of industries. Companies are investing in AI-related technologies to stay competitive and avoid the potential risks of becoming obsolete. Investing in AI-based stocks is a great option that could generate substantial returns in the future. With the emergence of CHATGPT, Chatsonic, and Pandorobots, the AI landscape looks very promising. However, there is growing anxiety surrounding the impact of AI on job opportunities and the degree to which it is being integrated into people’s lives. This blog post is for informational purposes only, and should not be considered as investment advice. Investment in the stock market carries risks, and past performance is not indicative of future results.