Best artificial intelligence stocks in 2023
Friends, from Google Assistant to self-driving car, artificial intelligence is being used and from finance, e-commerce, health care, artificial intelligence is become most important. According to which, a report, the revenue of the Indian technology services industry can reach $300-$350 billion by 2025.
So if you invest in such artificial intelligence stocks then you can get very good returns in future.
Read Also – Tata Power
Artificial intelligence stocks list
Tata Elxsi Ltd
Its profit in 2017 was 170 crores, in 2018 it increased to 240 crores, in 2019 it increased to 280 crores, but in 2020 it has fallen slightly to 250 crores. So friends, because this Tata Group’s MidCap Stocks, its fundamentals are very good, this company is working on Artificial Intelligence, which has a lot of scope in the future, so you can consider this stock.
Market cap. – 17,263cr
ROE – 25.6%
ROCE – 35%
Debt – 54.1cr
Annual profit – 256cr
Free cash flow – 234cr
EPS – 53rs
Promoters holding- 45%
Saksoft Ltd
Its profit in 2017 was 17 crores, in 2018 it increased to 21 crores, in 2019 it increased to 36 crores, but in 2020 it has increased to 38 crores. So the profit of this stock is increasing every year, this company is working on artificial intelligence, both its fundamentals and returns are good, so you can consider this stop also. So friends, these stocks can give very good returns in the future and can multiply your money a lot.
Market cap. – 387cr
ROE – 20.2%
ROCE – 25.6%
Debt – 26.6cr
Annual profit – 38.4%
Free cash flow – 43.3%
EPS – 40rs
Promoters holding- 70.8%
Mphasis Ltd
Its profit was 790 crores in 2017, increased to 830 crores in 2018, increased to 1070 crores in 2019, and increased to 1180 crores in 2020. So every year the profit of this company is increasing, its fundamentals are good and it is also working in the field of stop artificial intelligence, so our team thinks this stocks can give very good return in future.
Market cap. – 32,691cr
ROE – 21.4%
ROCE – 26.2%
Debt – 571cr
Annual profit – 1185cr
Free cash flow – 1197cr
EPS – 67.2rs
Promoters holding- 56.1%
L&T Technology services Ltd
This company is a large cap stock whose profit in 2017 was 420 crores, in 2018 increased to 500 crores, in 2019 increased to 760 crores, and in 2020 it increased to 810 crores. The profit of this company is increasing every year, thjs company is very big in the field of artificial intelligence and its fundamentals are also very good, so you can consider this stocks.
Market cap. – 28,579cr
ROE – 31.3%
ROCE – 42.6%
Debt – 530cr
Annual profit – 819cr
Free cash flow – 487cr
EPS – 64rs
Promoters holding- 74.3%
I hope you find our Best artificial intelligence stocks in 2023 would have liked. To invest money in this, you should do more fundamental analysis and then invest.
