The future of humanity is being shaped by artificial intelligence in almost every industry. In addition to generative AI, which is gaining popularity thanks to tools like ChatGPT and AI art generators, it is already the primary force behind developing technologies like big data, robotics, and the Internet of Things. And for the foreseeable future, it will keep innovating in the field of technology.
Approximately 44% of businesses want to incorporate AI into their operations and make significant investments in the technology.
Here are the 3 AI stocks that gave a multi-bagger return so far this year.
RateGain Travel Technologies Ltd
In the travel and hospitality sector in India, RateGain Travel Technologies Ltd. is the biggest Software as a Service (SaaS) provider and the world’s top distribution technology company.
With a market capitalization of Rs 7,719.16 Crores.RateGain Travel Technologies Ltd, On Friday, The shares closed at Rs 655.40 a share, an increase of 0.08 percent from the previous closing price.
The stock gave a 61.45 percent return in six months and a 121.61 percent return so far this year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.21 Lakhs in a year.
Looking into the company’s performance, RateGain Travel Technologies Ltd’s revenue increased by 88 percent from Rs 125 Crore in Q2FY23 to Rs 235 Crore in Q2FY24. During the same period, net profit increased by 143 percent from Rs 16 crore to Rs 39 Crore.
Ksolves India Ltd
Ksolves India Ltd is a software development, enterprise solutions, consulting, and IT solutions provider for businesses in industries like finance, e-commerce, and real estate.
With a market capitalization of Rs 1,296.93 Crores. Ksolves India Ltd, On Friday, The shares closed at Rs 1093.90 a share, an increase of 0.09 percent from the previous closing price.
The stock gave a 21.48 percent return in six months and a 150 percent return so far this year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.50 Lakhs in a year.
Looking into the company’s performance, Ksolves India Ltd’s revenue increased by 42 percent from Rs 18.26 Crore in Q2FY23 to Rs 25.9 Crore in Q2FY24. During the same period, net profit increased by 38 percent from Rs 5.97 crore to Rs 8.26 Crore.
Datamatics Global Services Ltd.
A global provider of business process management (BPM), consulting, and information technology (IT) services is Datamatics Global Services Ltd. The company offers next-generation solutions that are business-aligned to a variety of industry verticals.
With a market capitalization of Rs 4,305.54 Crores. Datamatics Global Services Ltd, On Friday, The shares closed at Rs 730.00 a share, a decrease of 0.04 percent from the previous closing price.
The stock has delivered a multi-bagger return of 176.6 percent so far this year. As a result, if an investor bought Rs 1 lakh shares in the company, their shares are now worth 2.76 lakhs in a year.
Looking into the company’s performance, Datamatics Global Services Ltd’s revenue increased by 10 percent from Rs 343 Crore in Q2FY23 to Rs 377 Crore in Q2FY24. During the same period, net profit increased by 25 percent from Rs 39 crore to Rs 49 Crore.
Written by:- Abhishek Singh
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