Today we will discuss the Top 5 AI stocks in India for long term. AI is a transformative technology that has the potential to disrupt various industries, and many investors are interested in taking advantage of its rise. In the coming days, it is the world of AI, and there are many AI-based startups that are doing well. Investing in artificial intelligence (AI) stocks can provide many of the same benefits as other stocks. Still, it is important to remember that all investments involve risk, and you should thoroughly study everything from stock performance to market cap and consider your financial goals and risk tolerance before making any investment decision. But one should think carefully. Let us now take a look at some of the best AI stocks in India.
Top 5 AI Stocks in India For Long Term in 2024
| Name | Market Cap (in Cr) | Close Price (Rupees) | 5Y CAGR (%) | Net Profit Margin (%) |
| Cyient Ltd | 25,266.11 | 2,308.15 | 29.99 | 8.44 |
| Tata Elxsi Ltd | 54,455.76 | 8,744.20 | 53.54 | 23.46 |
| Oracle Financial Services Software Limited | 37,589.84 | 4,466.55 | 3.78 | 30.66 |
| Persistent Systems Ltd | 55,182.69 | 7,329.05 | 63.61 | 10.94 |
| L&T Technology Services Ltd | 55,095.62 | 5,183.50 | 24.95 | 14.23 |
1. Cyient Ltd :
Cyient Infotech Enterprises Limited is short Cyient Limited. It is a multinational technology company focused on engineering, manufacturing, data analytics, networks and operations. This company was established in 1991 in Hyderabad. The founder of this company is B.V.R. Mohan Reddy. The stock is 1.81 times more volatile than Nifty, which has a market cap of Rs. 21,528.85 crore, the stock is ranked 15th, and with prices considered it is one of the best AI stocks in India.
2. Tata Elxsi Ltd :
Elxsi Corporation was a minicomputer manufacturing company founded in 1970. This company is located in Silicon Valley, America. This company makes AI operation systems. The operating system is a message-based operating system called EMBOS which is a real-time operating system from SEGGER. This Elxsi was the first startup founded by an Indian in Silicon Valley. Elxy was founded in 1979 by Thampi Thomas and Joe Rizzi (previously managers at Intersil). The Elxie CPU was a microcoded design, allowing custom instructions to be coded in microcode. The Elxie processor was an emitter coupled logic (ECL) design featuring a 50-nanosecond clock, 25-nanosecond back panel bus, IEEE floating-point arithmetic, and 64-bit architecture. The stock is 2.18 times more volatile than Nifty, which has a market cap of Rs. 47,913 Crore and this stock is ranked at 11th position, and is one of the best AI stocks in India when considering prices.
3. Oracle Financial Services Software Limited :
Oracle is a software company with non-city operations. This company is a subsidiary of Oracle Corporation. And it is involved in financial and insurance technology. The venture, headed by Rajesh Hukku, received seed funding of $400,000 from Citi Corp. Oracle Financial Services announced a US-based anti-money laundering deal for US$122.6 million. Oracle Financial Services Software Limited has two main businesses. PrimeSourcing and Products Division (formerly known as BPD—Banking Products Division). The stock is 1.48 times more volatile than Nifty, which has a market cap of Rs. 76,260 crore; the stock is ranked at 7th position; and it is one of the best AI stocks in India with prices considered.
4. Persistent Systems Ltd :
Persistent Systems is a famous Indian multinational technology services company. Founder of this company is Anand Deshpande. This company is listed on the both Bombay Stock Exchange and the National Stock Exchange. Persistent Systems Ltd caters to the banking and healthcare, insurance, financial services, industrial, software, life sciences, telecommunications and media industries. This company works all over the world like America, France, India, South Africa, Singapore, Japan and Australia. The stock is 3.68 times more volatile than Nifty, which has a market cap of Rs. 61,302.30 Crore, the stock is ranked at 167th position, and it is one of the best AI stocks in India with prices considered.
5. L&T Technology Services Ltd :
L&T Technology Services (LTTS) is a well-known Indian multinational technology company. The company provides engineering research and development (ER&D) services to the public, and is headquartered in Vadodara. L&T Technology Services (LTTS) was established in 2006 as L&T Integrated Engineering Services. In the first year alone, the company generated revenues of $70 million. The company has offices in India, United States, Europe and Asia. This company is the parent company of Larsen & Toubro. Keshab Panda was named CEO and Managing Director and S.N.Subramanian was named Vice Chairman of the company. The stock is 1.88 times more volatile than Nifty, which has a market cap of Rs. 57,981 crore, the stock is ranked 139th, and is one of the best AI stocks in India when considering prices.