Artificial intelligence (AI) is no longer just a buzzword—it's a game-changer in the healthcare, finance, and technology industries. With its rapid adoption, AI creates massive opportunities for investors who want to tap into this transformative trend. If you're looking for the best AI stocks to invest in, India has a growing number of companies embracing AI to drive innovation and reshape their industries. These stocks have the potential to deliver impressive returns as AI continues to reshape business landscapes worldwide.
In this blog, we'll dive into the top 10 best artificial intelligence stocks in India for 2024, offering insights into why these companies stand out. Whether you're a long-term investor or looking for high-growth penny stocks, this guide will help you identify the best AI investment opportunities.
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines designed to think, learn, and make decisions. From recognizing speech to analyzing data and diagnosing diseases, AI is reshaping industries across the globe. With AI becoming a key driver of innovation, investors are increasingly eyeing the best AI stocks in India as the country emerges as a significant player in this space. AI enables computers and software systems to perform tasks that would typically require human intelligence, helping businesses boost efficiency and streamline decision-making processes.
In India, AI has been gaining momentum across industries such as education, healthcare, and agriculture. Businesses are leveraging AI to enhance operations, from automating processes to offering more personalized customer experiences. The rapid adoption of AI across various sectors is creating a wealth of opportunities for those interested in the AI-driven future.
Here's a list of the 10 Best Artificial Intelligence Stocks for 2024. These funds have shown strong returns in the past three years and provide a balanced way to invest in key areas like IT services and fintech
| Best AI Stocks in India 2024 | 3-Year Returns (%) |
|---|---|
| Innovana Thinklabs Ltd | 579.12 |
| Newgen Software Technologies Ltd | 263.82 |
| Persistent Systems Ltd | 201.74 |
| CMS Info Systems Ltd | 149.77 |
| Nucleus Software Exports Ltd | 146.78 |
| Oracle Financial Services Software Ltd | 141.55 |
| Cigniti Technologies Ltd | 138.52 |
| Cyient Ltd | 109.52 |
| Tata Elxsi Ltd | 57.16 |
| Intellect Design Arena Ltd | 56.28 |
Investing in artificial intelligence stocks in India is a smart move for several reasons. Here's why:
We explore India's best artificial intelligence stocks for 2024, focusing on their AI-driven innovations and financial stability. We'll closely examine each company's CMP (Current Market Price), Market Cap, ROCE (Return on Capital Employed), and P/E ratio to help guide your investment decisions.
Innovana Thinklabs offers AI-powered digital and cybersecurity solutions. The company has been expanding its AI-driven product suite to include tools that enhance digital security and efficiency. As a small-cap stock with strong AI capabilities, Innovana has the potential for high growth.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 28.06 | 579.12 | 900 |
Newgen Software is one of the best AI stocks in India; they specialize in AI-powered automation and digital transformation solutions for enterprises. Its products streamline document management, workflows, and customer engagement. With its growing focus on AI-driven business solutions, Newgen is quickly becoming a major player in India's AI landscape.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 150.34 | 263.82 | 680.51 |
Persistent Systems is a major player in AI-driven IT services and software solutions. The company focuses on AI applications in the healthcare, banking, and telecommunications sectors. Its heavy investment in AI-based platforms makes it a strong candidate for investors seeking the best artificial intelligence stocks with long-term growth potential.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 76.73 | 201.74 | 1,762.86 |
CMS Info Systems is one of the best AI companies in India; it uses AI to improve cash management and logistics services across India. The company’s use of AI-based security systems and automated cash flow management makes it an innovative player in the financial services space. Its consistent growth and AI focus make it an attractive option for investors.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 46.06 | 149.77 | 149.80 |
Nucleus Software delivers AI-based software solutions to the banking and financial services sectors. With products that enhance customer experience and streamline banking operations, the company is a notable AI player in the Indian market.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 25.74 | 146.78 | 292.35 |
Oracle Financial Services Software focuses on AI-driven financial solutions, including risk management and regulatory compliance software. While its growth has been moderate, the company’s leadership in the financial tech space makes it a stable AI stock for investors looking for consistent returns in the financial sector.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 161.82 | 141.55 | 283.05 |
Cigniti Technologies focuses on AI-powered testing services for IT applications. Its strong presence in quality assurance and automation makes it a leading player in the AI testing space. Cigniti’s growth potential lies in its increasing focus on AI-based testing and software solutions.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 66.97 | 138.52 | 348.64 |
Cyient specializes in AI-driven engineering solutions for industries such as aerospace, defense, and healthcare. Its use of AI for predictive maintenance and smart manufacturing positions it as a leader in the industrial AI sector. Cyient’s focus on engineering innovation makes it a solid pick for investors looking at long-term AI growth.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 15.37 | 109.52 | 371.42 |
Tata Elxsi excels in providing AI-based design and engineering solutions for industries like automotive, healthcare, and entertainment. The company is a pioneer in AI-powered automation systems, making it one of the top AI stocks in India for investors. With a strong emphasis on R&D, Tata Elxsi is positioned for future growth in AI-led innovations.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 5.05 | 57.16 | 1,104.48 |
Intellect Design Arena delivers AI-powered solutions for digital banking and financial services. With its innovative AI applications, such as automated lending platforms, it stands out as a strong contender in the best artificial intelligence stocks for 2024. The company is expanding its AI capabilities, particularly in FinTech.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 39.26 | 56.28 | 347.93 |
When looking for the Top 5 AI stocks in India for long-term investment, focusing on companies with consistent growth over a longer period is crucial. Below, we provide a table of AI stocks based on their 5-year returns.
| Best AI Stocks in India for Long-Term Investment | 5yr Return |
|---|---|
| 1. Persistent Systems | 1,762.86 |
| 2. Tanla Platforms Ltd | 1538.63 |
| 3. Tata Elxsi Ltd | 1,104.48 |
| 4. Newgen Software Technologies Ltd | 680.51 |
| 5. Intellect Design Arena Ltd | 347.93 |
Before investing in AI stocks in India, it's important to evaluate key factors that can affect your returns. Here are five important things to consider:
While investing in artificial intelligence stocks offers exciting growth opportunities, it also comes with certain risks that investors should be aware of:
Investing in artificial intelligence stocks through Lakshmishree is simple and hassle-free. Whether you're a seasoned investor or just starting out, our platform offers the tools and insights you need to tap into the growing AI market in India.
Investing in AI stocks can be profitable, but you need the right approach. Here are some quick tips to help you get started:
Investing in the best AI stocks in India presents a unique opportunity to be part of a rapidly growing industry that is transforming every major sector. From established blue-chip companies to high-potential penny stocks, AI is reshaping business processes and opening up new avenues for profitability. Whether you’re in it for the long haul or exploring short-term gains, AI stocks can be a valuable addition to a diversified portfolio.
| Best Infrastructure Mutual Funds in India 2024 |
| Best Long Term Stocks to Invest |
| Highest Dividend Paying Stocks |
| Best EV Stocks in India |
The best AI stocks in India include major companies like Innovana Thinklabs Ltd, Newgen Software, Persistent Systems, CMS Info Systems and Nucleus Software Exports, which are leading the way in AI innovation. These companies offer strong growth potential due to their focus on AI-driven solutions and services.
Yes, AI stocks are considered a good long-term investment due to the rapid adoption of AI technology across various sectors. The potential for future growth makes AI stocks an attractive option for long-term investors.
AI stocks can be volatile due to rapid technological changes and competition within the industry. Other risks include regulatory uncertainties and high valuations, which can lead to stock price fluctuations.
To invest in AI stocks, you can open a trading account with Lakshmishree, fund your account, and use our research tools to identify the top-performing AI companies. After that, simply place your order through our trading platform.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Always conduct your research and consider consulting with a financial advisor before making any investment decisions.
