Artificial intelligence or AI has become intertwined with every aspect of our lives. Each one of us is currently using this technology in some way or the other.
From personal digital assistants like Siri, google assistant, Alexa, to self-driving cars, it's being used very widely.
What’s more, the use is increasing on a daily basis (and is expected to increase even more) in fast growing sectors such as healthcare, finance, e-commerce, and manufacturing.
You’ll be surprised that even traders use AI nowadays for making trading profits.
Over the years, AI has been attracting numerous companies to adapt to the trend, driving investments towards them, due to its increasing demand in the present and future.
No wonder there are companies which are switching their business models and we have a scattered list of AI stocks in India.
While the list of AI stocks in India is still limited, the industry is rapidly growing and it won’t be long before you see a whole bunch of Indian companies using AI in their day to day use.
For more details, check out the top AI stocks in India.
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Based on marketcap, these are the top Artificial Intelligence companies in India:
.You can see the full list of AI stocks here.
And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for best AI companies in India.
Within the Artificial Intelligence sector, the top gainers were AFFLE (INDIA) (up 2.0%) and CYIENT (up 1.9%). On the other hand, SAKSOFT (down 0.8%) and RATEGAIN TRAVEL TECH (down 0.8%) were among the top losers.
Artificial Intelligence, or AI for short, is like having a super-smart robot friend who can think, learn, and make decisions on its own. Just like how humans use their brains to solve problems and make choices, AI uses algorithms and computer programs to do the same thing.
It can recognize faces, understand languages, play games, and even create art. It's like magic, but instead of a wand, AI uses data and math to make amazing things happen.
Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.
Two commonly used financial ratios used in the valuation of stocks are -
Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.
Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.