Active Stocks
Wed Jun 19 2024 15:54:35
  1. HDFC Bank share price
  2. 1,658.00 3.06%
  1. Tata Steel share price
  2. 180.05 -0.61%
  1. State Bank Of India share price
  2. 852.60 0.95%
  1. ITC share price
  2. 423.70 -1.19%
  1. ICICI Bank share price
  2. 1,144.75 1.93%
Business News/ Money / Personal Finance/  How to take part in the artificial intelligence & machine learning rally?
BackBack

How to take part in the artificial intelligence & machine learning rally?

It is a common rant to ruminate over the stock rallies gone by, while it is advisable to seize an opportunity and make hay while the Sun shines. Let us decode how to make the most of rally of artificial intelligence and machine learning

There are several options through which investors can make gains via the automation sector.Premium
There are several options through which investors can make gains via the automation sector.

If you are exploring various ways to park your investment in the IT stocks, particularly artificial intelligence and machine learning (AI/ML), there are not many options to go for. Most such companies are unlisted and start-ups.

So, we explore various options through which investors can make gains via the automation sector.

First and foremost, you can explore the famous IT giants that are investing big on AI such as Infosys, TCS, Wipro, HCL Tech and Cognizant.

Among the other options, you can invest in the Nifty IT index. The index posted a whopping gain of 118 percent in the financial year 2020-21. Between April to September 2021, the Nifty IT index posted a gain of 36 percent.

The other alternative is to invest in any of the constituent stocks of Nifty IT such as Coforge, Wipro, HCL Tech, Infosys, Mindtree, Tech Mahindra, TCS, L&T Technology Services, L&T Infotech and MPhasis.

There are some ways to invest in the artificial intelligence/ machine learning rally in India.
View Full Image
There are some ways to invest in the artificial intelligence/ machine learning rally in India.

You can also invest in the S&P BSE IT index. It posted a massive return of 106 percent in fiscal 2021. Even between April to September 2021, it gave a return of 29 percent.

The other options are to choose any mix of constituent stocks of the BSE IT index such as Tata Elxsi, TCS, Tech Mahindra, Zen Technologies, Trigyn Technologies, Cyber Tech, and Nazara Technologies.

You can focus on artificial intelligence-focussed companies listed in India such as Bosch, Cyient, Tata Elxsi, Oracle and others.

 

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 15 Dec 2021, 04:59 PM IST
Next Story footLogo
Recommended For You