The cutting-edge technology known as artificial intelligence (AI) is becoming more and more significant across a range of businesses. AI has the power to revolutionize industries and increase productivity, which presents enormous growth potential for Indian artificial intelligence firm stocks. The stock market has also mirrored the growing significance of artificial intelligence stocks in India, with investors showing interest in these stocks. We will examine the advantages, dangers, and top ten artificial intelligence stocks to buy in India in this blog.
What are AI Stocks in India?
Let’s first examine artificial intelligence in India before determining which AI startups to invest in. Machines, particularly computers, that mimic human intelligence are said to possess artificial intelligence. It illustrates the range of uses for artificial intelligence (AI) and includes applications such as machine learning, speech recognition, natural language processing, expert systems, and vision. Consequently, shares or investments in businesses that are highly engaged in the creation, use, and progress of artificial intelligence (AI) technology are referred to as AI stocks.
Best Artificial Intelligence Stocks in India
You may find it interesting to peruse this list of the top artificial intelligence stocks for the artificial intelligence industry in 2023, which includes AI share prices and market capitalization:
| Company Name | Market Cap (in Cr) | Share Price |
|---|
| Bosch Ltd | ₹54,654 | ₹18,628.75 |
| Tata Elxsi Ltd | ₹45,923 | ₹7,383.35 |
| Persistent Systems Ltd | ₹37,454 | ₹5,106.35 |
| Affle (India) Ltd | ₹14,516 | ₹1,087.9 |
| Happiest Minds Technologies Ltd | ₹13,377 | ₹902.35 |
| Subex Ltd | ₹3,156 | ₹35.6 |
| Saksoft Ltd | ₹2,833 | ₹318.75 |
| Kellton Tech Solutions Ltd | ₹770 | ₹79.75 |
Note: The information is as of August 28, 2023. However, browse smallcase stocks collection right now for up-to-date information on stock prices and market trends!
After discussing the best artificial intelligence stocks to purchase in India, let’s move on to the next part to learn more about the artificial intelligence market.
Also Read: The AI Revolution: Will Artificial Intelligence Dominate the World?
Why Invest in Open AI Stock Industry in India?
Artificial intelligence (AI) is transforming our world for the better, from self-driving vehicles to surgical robots.
The AI industry in India is experiencing growth with a market size reaching $119.78 billion in 2022 and an estimated value of $1,597.1 billion by 2030. Businesses across sectors, including healthcare, manufacturing, finance and retail are increasingly embracing AI technology.
Experts from the IMRAC group said that there may be a great chance to invest in AI services companies.
With their groundbreaking advancements in AI such as ChatGPT, the artificial intelligence chatbot developed by OpenAI, recorded 100 million users only two months after its launch. This rate suggests that the future of artificial intelligence in India potentially looks promising. Additionally, the use of Jampp, a programmatic advertising platform to accelerate mobile businesses is on the rise as well.
The adoption of AI sector stocks is expected to increase further, and OpenAIs’ positive contributions could have a substantial impact on India. Investing in the artificial intelligence industry allows you to profit from the company’s expansion while it continues to influence the direction of AI-based products and services.
Best Artificial Intelligence Shares in India 2023 – Overview
The top three AI firms in India are summarized as follows:
Bosch Ltd
Robert Bosch GmbH, a multinational engineering and technology corporation based in Germany, has a subsidiary in India called Bosch Ltd. They offer services and technology in markets like consumer goods, industrial technologies, and automobiles.
- Minimal Risk: 1.62 times more volatile than the Nifty
- Midcap: The stock is ranked 114th with a market capitalization of ₹54,654 cr.
Tata Elxsi
An Indian design and technology business called Tata Elxsi offers engineering services and solutions to a range of sectors, including broadcast, communication, healthcare, and the automobile industry. Their areas of expertise include system integration, design and visualization, and product engineering.
- Midcap: The stock is rated 141 with a market capitalization of ₹45,923 cr.
- Low Risk: The stock has 2.23 times the volatility of the Nifty
Persistent Systems Ltd
Persistent Systems Ltd is an Indian multinational company that provides software product development services, integration, and support services. It offers services in various domains such as healthcare, financial services, life sciences, and telecommunications. The company’s services include digital transformation, cloud computing, cybersecurity, and enterprise mobility.
- Low Risk: The stock has 2.73 times the volatility of the Nifty
- Midcap: The stock is ranked 159th with a market capitalization of ₹37,894 cr.
How to Invest in Artificial Intelligence (AI) Stocks in India?
Investing in traditional stock market shares is one approach to purchase artificial intelligence shares in India. This entails directly purchasing stock and investing in India’s listed artificial intelligence startups.
Investing in AI stocks in India can also be done through exchange-traded funds (ETFs). Value-oriented ETFs are available for selection, offering investors exposure to a diverse portfolio of artificial intelligence companies.
Another way to invest in shares of artificial intelligence in India is through mutual funds. These are professionally managed investment portfolios that purchase a diverse range of equities by pooling the funds of several participants. Similar to ETFs, a range of mutual funds are available with an AI investment concentration.
Advantages of Investing in Artificial Intelligence (AI) Stocks in India
Let’s examine a few benefits of purchasing artificial intelligence stocks in India.
- Growth Prospect:The artificial intelligence (AI) market is expected to grow at a quick rate and reach USD 267 billion by 2027. Leaders in AI technology can see tremendous growth as the technology continues to revolutionize sectors including healthcare, banking, and retail.
- Higher Returns: Purchasing artificial intelligence stocks in India has several advantages, one of which is the possibility of rapid growth. Even though the AI sector is still in its infancy, its goods and services are growing and have the potential to raise stock prices.
- Diversification: The opportunity for diversification is another benefit of purchasing artificial intelligence stocks in India. Since a variety of industries use AI technology, investing in AI companies can expose one to a wider range of industries. Your investing portfolio might be more stable and less risky with this diversification.
Risks of Investing in AI Stocks
Let’s examine the difficulties that should be taken into account when purchasing AI stocks.
- Volatility: Investing in AI equities carries risks, just like any other kind of investment. The stock market’s volatility is one of the primary hazards. The market’s swings can have an impact on AI stocks, and they can see severe price volatility.
- Technological Advancements: Additional hazards encompass modifications in regulations, rivalry, and technological constraints. The AI sector may be impacted by changes in regulations, and stockholder profits of AI companies may decline due to competition. The development of the AI sector may also be impacted by technological constraints.
- High Competition: The AI sector is very cutthroat. Largely resourced, well-established businesses have the ability to join a market fast, upend established rivals, and result in substantial losses for investors. Therefore, before making an investment in AI penny stocks in India, investors should do extensive research.
Tips for Investing in AI Stocks
Here, we’ve compiled a list of some of the top advice and tactics to think about before purchasing artificial intelligence stocks in India.
- Portfolio Diversification: Investors should diversify their portfolios and thoroughly investigate firms before making an investment in AI startups in India.
- Long-Term Investment: Having a long-term investment view is also crucial because AI stocks have the potential to be turbulent in the near term.
- Stay Updated:
- Investors must to keep abreast of market developments and steer clear of typical mistakes, like making impulsive purchases and lacking a clear investment plan. New technologies that have the potential to upend the AI sector need to be closely watched by investors.
As usual, before making an investment, investors should conduct independent research and/or speak with a financial professional.
Conclusion
There are hazards associated with investing in AI stocks, but there are also possible growth prospects. Investors can make well-informed judgments when purchasing AI stocks by diversifying their portfolio, doing extensive research, and keeping up with industry news. AI companies listed on the NSE in India may have a bright future given the growing importance of AI across a range of industries. As usual, before making an investment, please conduct independent research and/or speak with a financial professional.