In the current digital age, the world is facing new advancements in technology at a revolutionary pace. India is not far behind and can boast of its strides in the future of technological advances. Having said that, future technology stocks in India are estimated to be in leading positions where investors are concerned. In fact, investors are upbeat about technology stocks and the impetus in this sector, not least due to the government’s aims to make India a $1 trillion digital economy by the year 2025
If one takes a look at current markets, both within the country and globally, the stock price of technology companies seem to be skyrocketing when compared to others on the stock market, with Google, Infosys and the likes posting massive returns from when they were listed. Let’s take a look at India’s top 20 tech stocks that have the potential to be market disruptors, and help you determine the best option to invest in.
So, the buzzword in the stock market may be “disruptive” in relation to technology stocks, but what does this mean? Suffice it to say, it has nothing to do with any negative event, but implies that certain technology stockcanto make waves, that is, to “disrupt” the stock market. This is a positive connotation, and specific IT stocks, due to the companies they belong to, may be considered for investment due to some new innovations in technology and the potential high returns that may arise.
Zensar technologies has recently pivoted its focus completely to AI solutions, with its R&D department Zensar AIRLABS at the forefront. The company is focused on sales, marketing, IT, as well as talent supply chain and HR solutions.
Happiest minds uses natural language processing, video and image analytics as well as AR and VR technologies to provide consumers with immersive experiences through augmented intelligence.
Persistent Systems has put its bet on machine learning, and provides machine learning driven solutions for banking and financials, healthcare, life sciences as well as industrials and telecom and media.
Tata Elxsi could be one of the best short term investments as it is a Tata subsidiary, and has been in the market for the last 25 years. The company focuses on AI and analytics, ranging from video analytic solutions to self-driving cars.
Another rather well known company on the list, Bosch’s Center for Artificial intelligence (BCAI) makes it a good AI tech stock to keep an eye out for. It focuses on using data from all Bosch disciplines, with the primary focus being AI technologies.
Kellton Tech focuses on providing AI driven technology solutions, and has a net revenue of 7.39 billion, making it a good contender on the list.
From intelligent automation, enterprise applications to augmented analytics, Saksot is focused on providing clients with digital transformation solutions.
Oracle offers a number of AI driven solutions through cloud applications and platforms for the needs of clients with their IT processes. With Gen 2 Cloud that allows automation to be accelerated, and the Oracle Autonomous Database, the company poses good prospects for the future.
Affle leverages its proprietary consumer intelligence platform in order to help advertisers market efficiently and set ad recommendations. With its IPO being granted in 2019, the fairly new company holds good potential for the monetised online world that we find ourselves in.
Cyient is a tech stock you could consider adding to your short term investment plan, at the CMP of 897.85. The company focuses on providing solutions to complex business problems by employing advanced analytics capabilities, digital technologies and technical expertise.
B2B is the company behind B2B LIFT, a life sciences software solution harnessing Microsoft’s Dynamic NAV platform. The company is also a Microsoft certified gold partner.
Bartronics focuses on providing identification and data capital solutions, and was incorporated way back in 1990. Additionally, they also provide RFID, POS and smart card solutions as well, making it a worthy consideration for your short term investments.
Nkyaa is an e-commerce company, and one of the only currently profitable ones at that, with the best stock market advisors and best mutual fund advisors recommending the stock, making it a no brainer on this list.
Another Ecommerce website on the list, Indiamart offers B2B solutions for customers and buyers through their web portal, and has created a reputable name for itself over the years.
Xchanging solutions is focused on process outsourcing, alongside providing information technology services. With a relatively cheap stock price currently, it could be a good if not best option to invest.
63 Moons Tech could be a good addition to your short term investment, as the company focuses on enabling price discovery and transaction efficiencies.
Intellect Design Arena focuses on providing banks with financial technologies that will help them grow their business, alongside offering a multi-product fintech platform.
An older of the companies on the list, 3i infotech was incorporated in 1993, and has revamped its offerings to suit the digital age, focusing on providing cloud based solutions.
The internet is one of the most important utilities we have right now, and we are constantly striving to improve speed. Sterlite provides optic fiber cables solutions and has a 45& share of the market, making it easy to recommend, even by the best stock market advisors.
An oddity on this list, it is common knowledge that even the best mutual fund advisors will recommend the company. However, with a weak year, the stock price has taken a dip, providing a good buying opportunity given the otherwise strong fundamentals.
Wipro, as a technology company, is making leaps towards helping other companies achieve a more sustainable way of conducting operations by introducing technology to decarbonising value chains and transforming business models. The company is also successful in cloud engineering systems, infrastructure, etc. Furthermore, it is making innovations that help customers to understand how to use the metaverse - applications, risks and challenges considered.
Technology stocks are not just limited to the IT industry but encompass many other new technology company stocks, both domestically and globally. Several other industries make up the technology space and companies are sprouting up in the areas of defence technology with drone technology, semiconductors and sustainable technology. These may be new fields to many investors who only think of AI and IoT, but technology applications are almost limitless and expanding into different areas. If you wish to invest in technology stocks, India is the place where you can find creative companies that are making strides in technology.
Technology stocks hold abundant potential for the future, though it is important that you do your analysis before buying any stocks, and don’t rely on recommendations alone. Once you have chosen to open a demat account, you can begin your research and buy technology stocks that could pose considerable returns in the future.
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