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Chartered Accountant

* Out of Magnificent 7, only few (mainly NVIDIA & Meta) are beating S&P 500 performance in 2024*. This means investors have to be selective in picking winners. Similar rule applies to India's stock market investment also, picking winners and avoid hype. What are AI Stocks in Indian stock market? Many listed Indian technology companies have realised the potential AI offers. They have either opened new divisions within their own company or have tied up with global players for a pie of the AI market. Also, one can expect many of the start-ups to soon list on exchanges to raise funds for themselves for their investors. AI stocks invest their resources in developing the AI technology itself or its use cases in various fields. India's Magnificent 7 in AI: Tata Consultancy Services or TCS Infosys Wipro HCL Technologies Tata Elxsi Tech Mahindra Tata Elxsi Banks, Top 5 HDFC Bank ICICI BANK SBI BANK Kotak Bank Axis Bank some of the top large-cap stocks in India in September 2024, based on 5-year CAGR, were: Hindustan Aeronautics Ltd Varun Beverages Ltd JSW Energy Ltd Adani Power Ltd Bajaj Holdings and Investment Ltd Power Grid Corporation of India Ltd Adani Ports and Special Economic Zone Ltd Info Edge (India) Ltd ITC Ltd Indian Railway Finance Corp Ltd Divi's Laboratories Ltd REC Limited

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