by Sayantani Sanyal
March 21, 2022
These artificial intelligence shares are growing in market dominance due to advanced innovations
The technology sector is changing at an unprecedented speed. Keeping up with the raging tech demands in the global industry, the Indian IT domain has integrated advanced, avant-garde artificial intelligence technology solutions that can help Indian tech and non-tech workers in various aspects. This machine and human collaboration in the Indian tech industry has opened new opportunities for investors to jump into early success prospects. Several startups have come into emergence in the Indian markets, aiming to create the most innovative artificial intelligence solutions for the educational, financial, and healthcare industries. The artificial intelligence shares of these AI game-changers have become strategic pillars to implement tech across all industries. The stocks of these companies are also some of the best AI shares to buy for profit-seeking Indian investors. In this article, we enlist the top artificial intelligence shares that Indian investors can buy in 2022.
Tata Elxsi LTD.
Price today: INR 7,418.55
Market cap: US$464.15 billion
Tata Elxsi was founded to develop and promote applications of electronics, embedded systems, and software. Currently, it is one of the world’s leading providers of design and technology services in various industries. These services include automotive, broadcasting, communication, healthcare, and transportation. Tata Elxsi has witnessed considerable amounts of success in fields like self-driving cars, video analytics solutions, and others.
Price today: INR 940.10
Market cap: US$9.94 billion
Saksoft Limited is a leading digital transformation solution partner for clients across the globe. The Covid pandemic that encouraged rapid technological evolution further matured the growth of this company’s shares. As more and more companies are investing in automation, technology-led cost moderation, and digitalization-induced improvement in organizational productivity, the value of this, one of the top artificial intelligence shares is also growing in market dominance.
Price today: INR 3,114.35
Market cap: US$585.016 billion
Mphasis specializes in next-gen AI and machine learning can help accelerate the business processes through cognitive computing. Since big data management and advanced analytics are some of the core competencies driving growth in businesses, the need for Mphasis’ top solutions is growing as they efficiently help enterprises to harness the power of data and DevOps.
Price today: US$81.68
Market cap: US$218.12 billion
Oracle helps companies in using pre-built artificial intelligence, data-driven cloud applications to automate operations resulting in saved time and cost to enhance the customer experience in a due accelerated process. The company’s AI solutions can be used across various industries for various purposes including optimizing cash flows, automating receivables and payables, procurement and inventory for finance teams.
Happiest Minds Technologies Limited
Price today: INR 1,161.70
Market cap: US$170.839 billion
Happiest Minds is an It consulting and services company that offers its clients various services which include artificial intelligence, cloud, Internet of Things (IoT), blockchain, robotics, and other advanced technologies. The company uses artificial intelligence for language processing, image analytics, video analytics, and others to provide the best technology solutions.
L&T Technology Services Limited
Price today: INR 4,773.95
Market cap: US$503.129 billion
L&T is laser-focused on building AI solutions for industrial use cases. The company’s machine learning library, natural language processing capabilities, and machine vision computing abilities are engineered to work in some of the most difficult working conditions and provide the best solutions.
Price today: INR 909.35
Market cap: US$100.399 billion
Cyient is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Previously, known as Infotech Enterprises, the company started its operations as a private limited company to provide engineering services across global markets.
Tata Consultancy Services Limited
Price today: INR 3,660.45
Market cap: US$13.544 trillion
Tata Consultancy Services, primarily known as, TCS, is an information technology services and consulting company and is a subsidiary of the Tata Group. TCS is the second-largest Indian company by market capitalization and is among the most valuable IT services brands on a global level.
Zensar Technologies Limited
Price today: INR 378.85
Market cap: US$85.696 billion
Zensar is primarily known for its living AI, experience AI, decision AI, and research AI innovative approaches that leverage the best of what artificial intelligence has to offer for future businesses. The company aims to provide the best solutions that enable extensive AI-induced decision-making.
Persistent Systems Limited
Price today: INR 4,545.10
Market cap: US$347.65 billion
Persistent Systems offers its clients secure and scalable networking capability. The company uses modern technologies with integrated AI algorithms to help companies improve and scale their operations, prioritize cases, and design platform architecture. Financially, the company has been performing extremely well, for the past couple of years.