India is set to nearly double its graphics processing unit (GPU) capacity as part of its National Artificial Intelligence (AI) Mission, increasing from around 18,693 GPUs to 29,000. This expansion, part of the IndiaAI Mission approved in 2024, has a budget of Rs. 103 billion over five years and aims to strengthen the country’s AI capabilities.
By boosting GPU capacity, India is working towards becoming a global AI leader by 2047, using AI to support economic growth, governance, and societal progress. The initiative will also make AI technology more affordable and accessible, benefiting students, startups, and innovators across the country.
Here are the stocks that can benefit from the National Artificial Intelligence (AI) Mission
Tata Communications Ltd
Tata Communications Ltd is a global telecommunications company that offers a wide range of services, including networking, cloud solutions, data centers, and managed services. It is part of the Tata Group and known for its strong presence in the digital infrastructure space, connecting millions of businesses globally.
The company’s revenue rose by 5.4 percent from Rs. 5,748.7 crore to Rs. 6,059.15 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs. 321.18 crore to Rs. 1,040.34 crore during the same period.
Moschip Technologies Ltd
Moschip Technologies Ltd is an Indian semiconductor and embedded design services company. It offers products and solutions in areas like semiconductor design, IoT, and networking. Moschip serves global clients in industries such as automotive, consumer electronics, and communications, with a focus on innovation and quality in technology solutions.
The company’s revenue rose by 41.15 percent from Rs. 90.04 crore to Rs. 127.42 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 2.19 crore to Rs. 11.06 crore during the same period.
E2E Networks Ltd
E2E Networks Ltd is an Indian cloud computing company that provides scalable cloud services for businesses of all sizes. The company specializes in cloud infrastructure, data hosting, and managed IT services. With a strong focus on security and performance, E2E Networks supports businesses in various sectors by delivering customized, cost-effective cloud solutions.
The company’s revenue rose by 98.7 percent from Rs. 29.64 crore to Rs. 58.92 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs. 3.53 crore to Rs. 13.61 crore during the same period.
Orient Technologies Ltd
Orient Technologies Ltd is a leading Indian IT solutions provider specializing in system integration, cloud services, and managed IT solutions. The company offers services in network security, data management, and enterprise solutions, helping businesses optimize their IT infrastructure.
The company’s revenue rose by 34.4 percent from Rs. 155.72 crore to Rs. 209.43 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 10.85 crore to Rs. 12.66 crore during the same period.
Rashi Peripherals Ltd
Rashi Peripherals Ltd is a prominent distributor of IT and consumer electronics products in India. The company offers a wide range of products, including laptops, computer peripherals, networking equipment, and storage solutions. With a strong distribution network, Rashi Peripherals serves retail and business customers, partnering with leading global brands in the technology space.
The company’s revenue rose by 9.3 percent from Rs. 2,628.28 crore to Rs. 2,874.73 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 25.22 crore to Rs. 31.84 crore during the same period.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
