Top 10 AI Stocks in India for 2024: Best Artificial Intelligence Stocks That To Buy

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Artificial Intelligence (AI) is more than just a buzzword; it’s a transformative force reshaping the world’s industries. India, with its vibrant tech ecosystem and a rapidly evolving AI landscape, stands at the forefront of this revolution. In this comprehensive guide, we will delve into the exciting world of AI stocks in India, providing you with unique insights, informative content, and an objective perspective. Additionally, we’ll integrate essential SEO strategies to ensure this article surfaces at the top of your search results.

The Indian AI Landscape

India’s AI industry has witnessed significant growth in recent years, with widespread adoption across sectors, including healthcare, finance, manufacturing, and more. The nation’s digital readiness, coupled with abundant data resources, has driven the penetration of AI initiatives. AI is no longer a buzzword; it’s a game-changer.

Understanding AI Stocks in India

AI Stocks: What Are They?

Before we delve into the stocks themselves, let’s get a clear understanding of what AI stocks in India represent. AI stocks are shares or investments in companies heavily involved in the development, application, and advancement of AI technologies. These companies cover a wide range of applications, including expert systems, natural language processing, speech recognition, and machine vision.

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The Top AI Stocks in India for 2024

Now, let’s get to the heart of the matter – the top AI stocks in India for 2024. We have carefully curated this list, complete with market capitalization and share prices, to provide you with the most up-to-date information. This data, accurate as of publishing date, is invaluable for investors seeking a piece of the AI pie. Here are the top AI stocks in India:

1. Tata Elxsi Ltd

  • Market Cap: ₹45,923 Cr
  • Share Price: ₹7,383.35

Tata Elxsi is a leading player in the AI sector in India, specializing in design and technology services. The company’s robust growth and diversified portfolio make it an attractive choice for investors looking to ride the AI wave.

2. Bosch Ltd

  • Market Cap: ₹54,654 Cr
  • Share Price: ₹18,628.75

Bosch Ltd, an Indian subsidiary of the renowned German multinational, Robert Bosch GmbH, offers innovative AI solutions in areas such as automotive, industrial technology, and consumer goods. With a low-risk profile, it’s an excellent choice for investors seeking stability.

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3. Happiest Minds Technologies Ltd

  • Market Cap: ₹13,377 Cr
  • Share Price: ₹902.35

Happiest Minds Technologies is a rapidly growing AI company, offering services across various industries. Its strong focus on digital transformation and automation positions it well for future growth.

4. Kellton Tech Solutions Ltd.

  • Market Cap: ₹770 Cr
  • Share Price: ₹79.75

Kellton Tech Solutions provides a range of AI services, including digital commerce and marketing, digital integration, and technology consulting. Its innovative platforms, like Kellton4Media and Optima, make it a compelling choice for investors.

5. Cyient Ltd.

  • Market Cap: ₹6,302 Cr
  • Share Price: ₹594.10

Cyient is a leading technology and engineering solutions provider, specializing in network, operations, analytics, and geospatial solutions. Its diversified portfolio and consistent growth make it a noteworthy AI stock in India.

6. Affle India Ltd.

  • Market Cap: ₹13,806 Cr
  • Share Price: ₹1,080

Affle India is a global technology company that specializes in mobile advertising, offering consumer intelligence platforms for businesses. Their consumer platform focuses on converting new customers and retargeting existing ones, while their enterprise platform provides comprehensive solutions for improving interaction with mobile users.

7. Oracle Financial Services Software Ltd.

  • Market Cap: ₹34,068 Cr
  • Share Price: ₹3,933

Oracle Financial Services Software provides business processing services and IT solutions to the financial services sector. The company is divided into business processing outsourcing services, IT solutions and related services, product licenses, and associated business activities (Products). Their services cover a range of financial software products.

8. Persistent Systems Ltd.

  • Market Cap (in Crores): ₹44,664 Cr
  • Share Price: ₹5804

Persistent Systems operates in the software and technology services industries. Their services span data and analytics, intelligent automation, cloud & infrastructure, client experiences transformation, and more. The company serves diverse sectors, including banking, healthcare, and high-tech.

9. Zensar Technologies Ltd.

  • Market Cap (in Crores): ₹ 10,878 Cr
  • Share Price: ₹ 480

Zensar Technologies provides electronic solutions and technology services. With a focus on custom application management services, they cater to various industries, ensuring application development, maintenance, support, and more.

10. Saksoft Ltd.

  • Market Cap: ₹ 3,843 Cr
  • Share Price: ₹ 363

Saksoft Ltd. offers IT services, allied business solutions, and strategic consulting services. The company’s digital solutions encompass enterprise applications, intelligent automation, and augmented analytics. They primarily conduct business across Europe, the United States, Asia Pacific, and other regions.

Why Invest in AI Stocks in India?

Investing in AI stocks in India comes with compelling advantages:

Growth Prospect:

The AI industry in India is projected to reach USD 1,597.1 billion by 2030, making it a rapidly growing sector with immense potential for growth.

Higher Returns:

AI stocks offer the potential for high growth and returns as AI technologies continue to advance and transform industries.


Investing in AI stocks provides exposure to multiple sectors, reducing risk and adding stability to your investment portfolio.

Risks of Investing in AI Stocks

While the rewards are enticing, it’s crucial to be aware of the associated risks:


AI stocks can be affected by market fluctuations, and their prices can fluctuate rapidly.

Technological Advancements:

Regulatory changes, competition, and technology limitations can impact AI companies’ profitability and growth.

High Competition:

The AI industry is highly competitive, with established companies quickly entering the market, potentially disrupting existing players.

Tips for Investing in AI Stocks

Here are some best practices to consider before investing in AI stocks:

Portfolio Diversification:

Diversify your investment portfolio and conduct thorough research on AI companies.

Long-Term Investment:

Have a long-term investment perspective, as AI stocks can be volatile in the short term.

Stay Updated:

Stay informed about industry news, avoid emotional investing, and maintain a well-defined investment strategy.


Investing in AI stocks in India is a gateway to an exciting world of opportunities. The AI industry’s remarkable growth potential, coupled with the innovative companies listed on the NSE, makes it a compelling choice for investors looking to the future.

As AI continues to shape industries and redefine possibilities, this is the perfect time to explore and invest in AI stocks in India. Whether you’re an experienced investor or a newcomer to the world of stocks, AI offers a compelling journey of innovation and growth.

Frequently Asked Questions (FAQs):

  1. What is the biggest risk of entering AI stocks?
    • AI stocks, like all investments, carry inherent risks. The biggest risk lies in the technology’s uncertainties, regulatory changes, and potential competition.
  2. Why should I invest in AI stocks?
    • AI stocks offer the potential for significant returns and are at the forefront of transformative technology trends.
  3. How are AI stocks different from other regular stocks?
    • AI stocks are distinguished by their association with cutting-edge technology and their potential to lead innovation, though they may also exhibit higher volatility.
  4. How can I invest in AI stocks in India?
    • To invest in AI stocks, you need a trading account with a brokerage, such as Zerodha, Upstox, or any other SEBI-approved brokerage firm. Conduct research, choose your stocks, and invest through your trading account.

Remember to perform due diligence and seek the advice of a financial advisor before making investment decisions. This article serves as a valuable starting point, providing information on the top AI stocks in India and valuable insights into the exciting world of AI investments. Whether you’re a novice or an experienced investor, AI stocks in India offer an enticing opportunity for growth and innovation in your investment portfolio.

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Aryan VyasAryan Vyas
Aryan is the youngest tech enthusiast at Smartprix, with a deep passion for technology, automobiles, cricket, and Bollywood. He is a meticulous researcher and writer who write on a wide range of tech topics, including smartphones, laptops, wearables, and smart home device.

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