2022 picks: Top 10 AI stocks to buy and secure your future
These AI stocks will surely make you rich in the future. So, hurry up and start investing.
Today, top listed companies in India in Artificial Intelligence offer unique and advanced AI algorithms at fast speed and more reliable solutions at competitive rates. Businesses across the globe are leveraging the benefits of AI, but to optimize processes or automate workflow. Here are the top 10 AI stocks that you can buy for a secure future in 2022.
Current State: Tata Elxsi Ltd reported revenue of INR 18.3B for FY 2021, an increase of 13.44% compared to FY 2020. Net income grew 43.74% to INR 3.7B.
Over the last 25 years, Tata Elxsi has been facilitating technology-based advancements. It features a wide spectrum of breakthroughs enabled by AI and analytics, from self-driving cars to video analytics solutions. Tata Elxsi’s Artificial Intelligence Centre of Excellence (AI CoE) addresses the increasing demand for intelligent systems. Customers may swiftly adapt and modify the landscape using its cloud-based integrated data analytics frameworks, which feature patent-pending technologies, to get actionable insights and superior results. Over a three-year period, the stock returned 174.89 percent, while the Nifty IT provided investors a 106.55 percent return.
Current State: Bosch Ltd reported revenue of INR 97.2B for FY 2021, a decrease of 1.27% compared to FY 2020. Net income fell 25.79% to INR 4.8B.
The Bosch Center for Artificial Intelligence (BCAI) was founded in 2017 to apply cutting-edge AI technology throughout, Bosch products and services, resulting in innovative solutions. Bosch created the technological groundwork for AI to have a real-world impact. Its research produces differentiation in six areas using data from all of Bosch’s disciplines, with a focus on core AI technologies. Only 1.08 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock earned a negative return of -15.94 percent over a three-year period, compared to 44.16 percent for the Nifty 100 index.
Current State: Kellton Tech Solutions Ltd reported revenue of INR 7.8B for FY 2021, an increase of 0.64% compared to FY 2020. Net income grew 0.84% to INR 711.2M.
Kellton Tech Solutions is a Hyderabad-based information technology and outsourcing company with locations in the United States and Europe. With over 1400 people, the company generated net revenues of INR 7.39 billion. Kellton Tech creates cutting-edge, focused AI solutions to challenges that traditionally needed a great lot of human intellect, ranging from machine learning to deep learning. Over a three-year period, the stock returned 40.86 percent, while the Nifty IT delivered investors a 106.55 percent return. Kellton Tech Solutions Ltd., founded in 1993, is a Small Cap business in the IT Software sector with a market capitalization of INR 712.75 crore.
Current State: Happiest Minds Technologies Ltd reported revenue of INR 7.7B for FY 2021, an increase of 10.77% compared to FY 2020. Net income grew 126.55% to INR 1.6B.
Happiest Minds To help organizations provide immersive consumer experiences and surpass the competition, combine augmented intelligence with natural language processing, image analytics, video analytics, and upcoming technologies like AR and VR at Happiest Minds. Happiest Minds imagine and develop the next generation of intelligent systems capable of thinking, learning, creating, and making decisions in the same way that humans can. In the fiscal year ended March 31, 2021, the company delivered an ROE of 29.62 percent, surpassing its five-year average of 23.07 percent. Happiest Minds Technologies Ltd., founded in 2011, is a Large Cap business in the IT Software sector with a market capitalization of INR 13,507.78 crore.
Current State: Zensar Technologies Ltd reported revenue of INR 37.8B for FY 2021, a decrease of 9.57% compared to FY 2020. Net income grew 13.90% to INR 3.0B.
Zensar Technologies is betting on Artificial Intelligence (AI). The company’s go-to-market strategy is now pivoting away from digital and toward disruptive AI. Zensar AIRLabs, the company’s R&D department, has filed for 100 patents in the last several years and is now entirely focused on AI. Zensar announced the initial set of platforms for seven major areas last week, including sales, marketing, IT, talent supply chain, HR, collaboration, projects, and programs, to help customers create value. Over a three-year period, Nifty IT Stock returned 15.63 percent, compared to Nifty IT, which returned 106.55 percent to investors. Cyient Cyient Cyient assists companies in achieving business objectives rather than merely new tools and technologies. For self-driving cars, AI can detect changes in the real environment and update maps in real-time. Such navigation helpers can aid autonomous vehicles in fully comprehending the world around them and taking the appropriate actions to avoid collisions. Rather than simply providing new tools and technologies, it aids businesses in attaining their goals. Over a three-year period, the stock returned 24.4 percent, while the Nifty IT returned 106.55 percent to investors.
Current state: Persistent Systems Ltd reported revenue of INR 41.9B for FY 2021, an increase of 17.45% compared to FY 2020. Net income grew 32.44% to INR 4.5B.
Persistent Systems Persistent turns AI and machine learning dream into reality with solutions that aid at every stage of AI and machine learning development. With a methodology that helps prioritize use cases, design platform architecture, scale model development, and operationalize models across the company, our solutions ensure that you realize successful outcomes from your AI & ML investments. Annual sales growth of 16.16 percent surpassed the company’s three-year CAGR of 10.75 percent. Over a three-year period, the stock returned 208.41%, compared to 106.55 percent for the Nifty IT.
Current state: Saksoft Ltd reported revenue of INR 3.9B for FY 2021, an increase of 7.53% compared to FY 2020. Net income grew 18.19% to INR 454.4M.
Saksoft assists customers in achieving transformational transformations through intelligent decisions, increased efficiency and productivity, enhanced customer experience, and service innovation by leveraging the critical combination of Artificial Intelligence and automation. Saksoft accelerates digital transformation and applies intelligent automation to solve business problems by combining automation and modern technologies such as RPA, machine learning, IoT, and Artificial Intelligence. Over a three-year period, the Saksoft shares returned 118.06 percent, while the Nifty IT provided investors a 106.55 percent return.
Current state: Oracle Corp reported revenue of INR 40.5B for FY 2021, an increase of 3.61% compared to FY 2020. Net income grew 35.63% to INR 13.7B.
Oracle Financials Oracle can assist you in implementing AI in your company and IT processes. With Oracle Cloud applications and platform, as well as Oracle Autonomous Database, all operating on Oracle’s Gen 2 Cloud, you can speed up automation, minimize human errors, and gain greater business insights. Only 2.35 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned -11.82 percent over three years, compared to 44.16 percent for the Nifty 100.
Current state: Affle (India) Ltd reported revenue of INR 5.2B for FY 2021, an increase of 53.07% compared to FY 2020. Net income grew 105.75% to INR 1.3B.
Affle is a global technology company that offers end-to-end App Marketing solutions. Consumer Platform and Enterprise Platform are the company’s two business segments. Affle’s Consumer Platform is a proprietary consumer intelligence platform that uses relevant mobile advertising to drive consumer acquisitions, interactions, and transactions.
Current state: Micron Technology Inc reported revenue of INR 27.7B for FY 2021, an increase of 29.25% compared to FY 2020. Net income grew 118.12% to INR 5.9B.
Micron Technology manufactures memory chips, including dynamic random-access memory (DRAM) and NAND flash memory found in solid-state storage drives. Most of what the company makes are commodity products, meaning that supply and demand dictate pricing. This leads to sometimes brutal cycles of boom and bust in the semiconductor sector, where an oversupply of chips can significantly push down prices. In 2021, demand for memory chips is strong, boosted by the growth of mobile networks, 5G, cloud computing, and a recovery in the automotive sector, and a shortage in semiconductors has helped lift prices for Micron’s DRAM and NAND chips.