3 BEST IT STOCKS to BUY NOW ? Top AI Stocks in India. Growth Stocks & Long Term Stocks to buy in IT. - YouTube

In This Video, we will cover, 3 Best Stocks to buy in IT which work on Next Generational Technologies

Like Artificial Intelligence, IOT, 5G...

Along with this we will also cover the key technical support levels for these stocks that will help you, in case you think of buying

One of these AI Stocks has given 5 Times return to shareholders in last 1 year. Request you to not miss it !

Without further much ado, let's get started !

First company that we discuss is truly a digital transformational company

96% of their revenues come from new age technology like AI, IOT, Cloud..

The Stock which we will discuss is Happiest Minds Share

IT veteran Ashok Soota is the Chairman of Happiest Minds. Previously he has been associated with IT Sector stocks such as

Mindtree, Wipro etc...

21% of their revenues comes from HiTech and Eductech industries, which are upcoming verticals and need active Technology support

They cater to traditional industries like BFSI too. Showing good mix of new age and conventional industry mix

Let's look at their financials. 36% ROCE, means 36Rs return on 100 Rs Capital Invested

They generate 33 Rs return on 100 Rs of equity applied too... Also called ROE

In the first 9 months of FY 21 they have shown Profit growth of 90% (PAT)

This is when I compare 9 month performance this year against last year 9 months

Also, it has shown 9.6% of sales growth on similar 9 month comparable

Attrition % is a very important parameter in IT industry which shows how frequently your employees are quitting

Employees is IT are really important, because they are the one's who program or code your technologies

Their Training, Upskilling involves lot of time and money

Their Attrition % has reduced from 25% to 13% almost which is very good to see Their Q4 results are due as well, so keep an eye out for it !

Now before discussing about the support levels.. I will request you to hit that like button

So that YouTube AI knows that you like such videos !

Happiest Mind Share Price is currently at 760 and first major support is

at levels of 650 and second major support is at levels of 580

Next company that we discuss about caters to engineering research and development

They have 650 patents registered on their name

They also work on next generational technologies like 5G, AI, Robots etc

to deliver ER&D services to their clients

35% of their revenues come from Transportation and 20% from Hitech/Telecom

The company that I am discussing about is Larsen & Toubro Technology services Share

This company is a strong beneficiary of strong dollar as 76% of their revenues come from North America and Europe

Their product portfolio is really amazing.. It includes...

World's first autonomous self wielding robot, smart campus architecture and solar drones

Their recent deal wins have been in promising areas too !

EV Programs, 5G for Telecom company, Analytics lab etc

Despite all this there is one major concern which is related to growth of the company is last year

On yearly basis company has 3% revenue and 19% PAT degrowth

So in the times to comes, the come must return to growth trajectory !

So, don't be in rush to buy.. But definitely keep a watch on company due to promising future and fundamentals

Next Company is into design and Technology space with expertise in,

not only AI, but also, Cloud, IOT, Virtual Reality etc

They have concept products like,

Autonomous vehicles. In simple language, self driving cars

They have designed a fixed dosage pen for drug delivery in healthcare too !

They have great use cases in IOT too like, conversational AI or Chatbot

IOT has amazing applications in Healthcare too !

It can transmit real time data about patients health to doctor to take corrective actions

Stocks which we are discussing is Tata Elxsi Share

This time on 500 Likes, let me promise one thing !

I will carry out detailed fundamental analysis video with long term target price on one of these companies !

On 500 Likes that analysis video is waiting for you !

Tata Elxsi dedicates 1.42% of their sales to research and development

R&D is very important for such new age and next generational companies working on AI etc

Their financials are really promising too !

13% Revenue growth, 43% PAT growth & 19% PAT margin on Yearly basis

Their Attrition is at 6.6 which is industry leading !

It is very good to see their ROE and ROCE above 30%

Tata Elxsi Share price is around 3800 and recently it has moved up a lot !

so keep bit of caution before rushing into buying !

If we talk about the support levels. Their first support is on 3100

Second major support is around 2600

If you have liked this IT video, go watch Pharma Video next !

Disclaimer: This video is not a recommendation in any form. This video is for educational purpose only ! Please consult your financial advisor before any investment decisions

See you till next video !