The recent surge in technology stocks, driven by the artificial intelligence (AI) boom, has left the Indian stock market lagging behind. However, with Indian IT companies making significant investments in AI, the tide may be about to turn. Indian IT stocks are now being touted as a promising opportunity, with some analysts predicting a potential rally in the near future.
Indian IT companies, such as TCS, Infosys, and HCL Technologies, have started to invest heavily in AI. TCS, for instance, has generated an annualised $1.5 billion in AI services revenue, marking a 16.3% quarter-on-quarter growth. Meanwhile, Infosys is currently running over 225 generative AI programs through its Topaz platform.
Some of the key players in the Indian IT space that are making significant strides in AI include:
The Indian IT space is expected to see significant growth in the coming years, driven by the increasing demand for AI-led technology. Some of the key trends to watch include:
Remember, this is a perspective, not a prediction. It's essential to do your own research and consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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