Best AI Stocks in India 

Industry Focus: We selected companies from the IT services or software sectors, reflecting their prominence in India’s growing technology landscape.

Market Cap Assessment: Only companies with a market capitalization of over $4 billion were included. This criterion ensures that we focus on well-established, financially sound companies that play a significant role in the market.

Stock Market Focus: The selected companies are traded in India, providing investors with opportunities to gain exposure to the Indian tech industry’s expansion and innovation.

Market Cap: $177.8 B
P/E Ratio: 29.8x

Tata Consultancy Services (TCS) is an Indian multinational technology company that provides information technology (IT) and IT enabled services in the Americas, Europe, India, and internationally. It is the largest IT company by market capitalization in India.

Market Cap: $89.83 B
P/E Ratio: 25.1x

Infosys Ltd is a global leader in technology services and consulting. The company provides a wide range of digital transformation solutions, including software development, cloud computing, and business process outsourcing, catering to industries such as finance, manufacturing, and healthcare.

Market Cap: $58.992 B
P/E Ratio: 25.7x

HCL Technologies Ltd is a leading global technology company that offers a wide range of IT services, including infrastructure management, engineering, and R&D, as well as software solutions. The company has established a strong presence across diverse sectors, from healthcare to financial services, and is well-regarded for its innovative approaches to digital transformation and AI-driven solutions.

Market Cap: $20.806 B
P/E Ratio: 34x

LTIMindtree Ltd is an Indian multinational technology services and consulting company, and a subsidiary of Larsen & Toubro. It provides IT services and solutions in India, North America, Europe, and internationally. It also offers cloud and infrastructure services, consulting, cyber security, data and insights, digital engineering, enterprise application, platform operation, RPA, and testing services.

Market Cap: $17.62 B B
P/E Ratio: 32.1x

Tech Mahindra Ltd is an Indian multinational corporation specializing in information technology services and business process outsourcing. The company serves a global customer base, focusing on key industries such as telecommunications, media, healthcare, and manufacturing. Known for its innovation in digital services and solutions, Tech Mahindra plays a pivotal role in driving business efficiency through advanced technologies.

Market Cap: $9.87 B
P/E Ratio: 50.4x

Persistent Systems Ltd is a global player in software product development and technology services. With a strong focus on cloud computing, AI, and data-driven solutions, the company provides comprehensive services to industries like banking, healthcare, and financial services. Persistent Systems has earned a reputation for delivering cutting-edge solutions that enable digital transformation for its clients.

Market Cap: $6.294 B
P/E Ratio: 51.2x

Coforge Limited is an IT services company that specializes in digital process transformation, cloud computing, and AI solutions. The company caters to a wide range of industries, including travel, financial services, and healthcare. With a strong focus on innovation, Coforge is committed to helping businesses achieve efficiency and agility through its advanced IT services.

You can screen the best AI stocks in India easily using Investing Pro. Here are the steps:

• Click on the Screener tool.
• Select ‘Industry’ select ‘IT Services’ and ‘Software’.
• Select ‘Market Cap’ as a filter parameter on the Screener page, and set the threshold value to greater than 4 billion.
• Select India as the ‘Trading Country’.

• You can then see the list of all the companies falling in the desired screener filters’ range arranged in a descending order.

1. What are AI stocks?

AI stocks are shares of companies that develop or utilize artificial intelligence technologies to enhance their products, services, or operational efficiency.

2. Why invest in AI stocks?

Investing in AI stocks can provide exposure to a rapidly growing sector. AI is increasingly integrated into various industries, potentially driving innovation and profit.

3. What should I consider before investing in AI stocks?

Consider factors like the company’s financial health, market position, growth potential, and the broader economic environment. Research recent developments and news related to AI technologies.

4. Are AI stocks high-risk investments?

Yes, AI stocks can be volatile and carry risks due to the fast-paced nature of technology, competition, and regulatory issues. It’s important to assess your risk tolerance.

5. What are some common AI applications in businesses?

Common applications include automation, data analysis, natural language processing, machine learning, and customer service chatbots.

6. Can I invest in AI through mutual funds or ETFs?

Yes, there are mutual funds and ETFs that focus on technology and AI, allowing for diversified investment in the sector.