Best AI Stocks in India
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AI stocks are shares of listed companies earning revenue from artificial intelligence. This includes IT services firms using AI for clients, analytics and platform companies, and infrastructure providers behind AI computing.
Explore the complete list of AI stocks in India below. You can compare companies based on market capitalisation, returns, valuation and growth.
List of AI Stocks in India
Which AI Stocks are gaining or losing interest?
Based on INDmoney Data: Search interest and investment activity.
Top AI Stocks by Search Interest
INDmoney Data - Jul 16, 2026 to Aug 15, 2026
Stock | Monthly Change |
|---|---|
 Newgen Software Technologies Ltd | 114.00% |
 Coforge Ltd | 41.00% |
 Happiest Minds Technologies Ltd | 41.00% |
 Tata Elxsi Ltd | 30.00% |
 Tech Mahindra Ltd | 21.00% |
Top AI Stocks by Investment Interest
INDmoney Data - Jul 16, 2026 to Aug 15, 2026
Stock | Monthly Change |
|---|---|
 Mphasis Ltd | 37.14% |
Coforge Ltd | 28.91% |
Tech Mahindra Ltd | 16.85% |
Happiest Minds Technologies Ltd | 5.63% |
Tata Elxsi Ltd | 1.33% |
Which AI Stocks Gained or Fell the Most in the Last Month?
Based on 1 month return. Jul 16, 2026 to Aug 15, 2026
Top Monthly Gainers
Stock | Monthly Change |
|---|---|
Coforge Ltd | 19.19% |
 HCL Technologies Ltd | 17.43% |
Tech Mahindra Ltd | 10.42% |
 Tata Consultancy Services Ltd | 7.93% |
 Persistent Systems Ltd | 7.68% |
Top Monthly Losers
Stock | Monthly Change |
|---|---|
Newgen Software Technologies Ltd | -2.16% |
What Are AI Stocks?
AI stocks are shares of companies whose revenue is closely linked to artificial intelligence. In India, this link shows up in four forms. IT services companies build and run AI systems for clients. Analytics and data companies sell products built around AI. Software platform firms add AI features to their offerings. Infrastructure providers supply the computing and data-centre capacity that AI workloads need.
India has few listed companies that focus purely on AI. Most Indian AI exposure comes through technology companies where AI is a growing part of a wider business. This means investors are largely buying diversified technology firms with AI as an additional growth driver, not focused AI-only businesses.
How Do Listed AI Companies in India Earn From AI?
IT services and consulting
Technology services companies earn AI revenue by building, deploying and managing AI systems for clients, including model development, data work and automation.
Analytics and data platforms
Companies whose main product is data analytics or AI-driven software earn revenue most directly from AI, since it is central to what they sell.
Enterprise software and product firms
Software companies build AI features into products sold across industries. Revenue depends on whether these features win new customers or support higher prices.
AI infrastructure
AI workloads require significant computing power, which benefits data centre operators, cloud service firms and electronics or chip-linked companies. This segment overlaps with the data centre theme.
How to Evaluate AI Stocks in India
Look for disclosed AI revenue, not AI mentions
Favour companies that disclose what share of revenue comes from AI-related work, and whether that share is growing. A company mentioning AI in its reports is not the same as earning AI revenue.
Judge the core business first
Since most Indian AI exposure comes through diversified technology companies, the quality of the core business still determines most of the outcome. Check client concentration, margins, ROE and cash conversion.
Compare valuation with delivered growth
Compare a company's P/E ratio with its actual revenue and profit growth, rather than the growth it expects to deliver in future.
Consider the infrastructure route
Data centres, cloud providers and electronics manufacturers earn from AI demand regardless of which AI products succeed. This is often a lower-risk way to gain exposure to the theme.
Benefits and Risks of AI Stocks
Benefits of AI stocks
- Steady demand: businesses worldwide continue to spend on AI, and Indian technology firms serve that demand.
- Established base: much of India's AI exposure sits within profitable, diversified technology firms.
- Multiple routes: services, products, data tools and infrastructure companies offer different risk levels.
Risks of AI stocks
- Valuation risk: AI-related stocks can price in years of future growth before revenue arrives.
- Loose labelling: some companies use AI in marketing without meaningful AI revenue.
- Technology shift: leadership in AI models and platforms can change quickly.
- Sector concentration: this theme is concentrated in technology, which may not suit portfolios already heavy in IT.
AI Stocks vs Data Centre and IT Stocks
AI stocks earn from artificial intelligence software and services. Data centre stocks earn from the physical infrastructure that AI runs on. Broad IT stocks include both, along with the rest of the technology sector. Investors seeking AI exposure with lower product-specific risk often combine this list with data centre stocks.
How to Invest in AI Stocks on INDmoney
1. Open a free demat account on INDmoney using your PAN.
2. Compare listed AI companies in this list on returns, growth and valuation.
3. Check each company's stock page for AI revenue disclosure and core business health.
4. Invest an amount that fits your risk tolerance, alongside a diversified portfolio. INDmoney also offers US stocks for global AI exposure.
AI Stocks FAQs
AI stocks are shares of listed companies earning meaningful revenue from artificial intelligence, including IT services firms, analytics and platform companies, and infrastructure providers.
There is no fixed answer. Sort this page's list by returns or valuation, and check each company's disclosed AI revenue and core business quality.
Very few are listed today. Most Indian companies with pure AI products are private or listed overseas. Listed Indian AI exposure mainly comes through technology companies where AI is part of a broader business.
Sort the list above by 1Y, 3Y or 5Y returns, and check each company's AI revenue disclosure before investing.
Companies that benefit from AI adoption without being AI companies themselves, such as data centres, cloud providers, semiconductor makers and power infrastructure firms.
Some low-priced stocks market themselves using AI labels. An AI story does not reduce penny stock risks such as thin trading and weak disclosure. Apply the usual penny stock checks before investing.
Partly. Large IT services firms earn growing revenue from AI deployment work, but AI is usually one part of a diversified business. Disclosed AI revenue is a better indicator than the label itself.
Through INDmoney's US stocks offering, one can invest in AI stocks, which gives access to listed global technology and AI companies, subject to applicable overseas investment rules.
They carry theme-specific risks in addition to normal market risk, including valuation risk, loose AI labelling and fast-changing technology leadership. Checking disclosed AI revenue and core business quality are the standard safeguards.