# AI and Data Centre Stocks in India > 57 Indian companies gave a number about their AI or data-centre business on their own earnings call. The biggest are Reliance Industries, Bharti Airtel and Tata Consultancy Services. Only 3 make their own AI products, 9 run data centres and 26 supply them. Page: https://www.sectoralpha.in/ai-stocks-india About this page: By Sector Alpha · Updated October 2026 · Prices as of 22 October 2026 · How the numbers are worked out Full list as CSV: https://www.sectoralpha.in/ai-stocks-india.csv ## Questions this page answers ### AI stocks list with price 57 Indian companies gave a number about their AI or data-centre business on their own earnings call. The biggest are Reliance Industries, Bharti Airtel and Tata Consultancy Services. 58 more talk about AI without a number and are listed apart. (Prices as of 22 October 2026, updated every trading day. The list is checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#list ### Key factors for AI stocks 23 of the 54 AI stocks here beat the Nifty 500 over 3 months to 16 October 2026. Four weeks earlier it was 17. The lines below give this list's own numbers. (54 companies on this page. Prices and ratios as of 22 October 2026, returns from the weekly scan to 16 October 2026, results from the latest quarter) Link: https://www.sectoralpha.in/ai-stocks-india#factors ### What are AI stocks? AI stocks here are companies that earn from artificial intelligence or data centres and say how much on their own calls. Of the companies whose managements spoke about their own AI or data-centre business, 57 gave a number. 58 gave none and are listed apart. (Calls from November 2025 to September 2026. Checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#what ### Data centre stocks in India 9 listed companies run or build data centres and gave a number on a call. The biggest are Reliance Industries, Bharti Airtel and Larsen & Toubro. Reliance Industries: initial GPU fleet, equivalent to more than 75,000 H100 GPUs. 8 of the 9 gave a target or a forecast, labelled as such below. (From each company's own earnings call, November 2025 to September 2026. Checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#operators ### Companies that supply data centres 26 listed companies supply power, cooling, cables or equipment to data centres and gave a number on a call. The biggest are Bharat Electronics, ABB India and CG Power & Industrial Solutions. Bharat Electronics: aim for data-centre type business, minimum INR 1,000 crore next year onwards (a target). 6 of the 26 gave a target or a forecast, labelled as such below. (From each company's own earnings call, January 2026 to August 2026. Checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#suppliers ### AI stocks in India: IT companies that report AI revenue 19 listed companies report AI revenue, AI deals or an AI share of their business. The biggest are Tata Consultancy Services, Infosys and HCL Technologies. Tata Consultancy Services: annualised AI services revenue, US$2.6 billion. (From each company's own earnings call, January 2026 to August 2026. Checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#services ### AI product companies 3 listed companies make their own AI products and gave a number on a call. The biggest are Info Edge, Netweb Technologies India and Newgen Software Technologies. Info Edge: customers with AI-Rex live, more than 4,000. (From each company's own earnings call, July 2026 to August 2026. Checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#products ### Companies that talk about AI but give no numbers 58 more companies spoke about AI or data centres on a call but gave no number. The biggest are Wipro, Hitachi Energy India and Polycab India. They are listed here so you can see who is talking, not who is earning. (Calls from February 2026 to September 2026. Checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#talk ### AI stocks P/E against their own history 24 of the 50 AI stocks with a P/E history trade above their own usual P/E (P/B for lenders), and 26 below. The furthest below their own history are Bondada Engineering (-66%), Happiest Minds Technologies (-64%) and Latent View Analytics (-54%). ("Usual" = each company's own long-run median. Now = at the 22 October 2026 price, usual from our weekly valuation record, no price targets) Link: https://www.sectoralpha.in/ai-stocks-india#valuation ### AI stocks in the Nifty 50 and Nifty 500 NSE has no AI or data-centre stock index. Of the 54 companies with numbers here, 8 are in the Nifty 50, led by Reliance Industries, Bharti Airtel and Tata Consultancy Services. 28 are in the Nifty 500. (NSE's own member files, read on 17 October 2026. Checked every week) Link: https://www.sectoralpha.in/ai-stocks-india#index ### AI small cap stocks in India 38 of the 54 AI and data-centre stocks in the scan are small caps, 4 are mid caps and 12 are large caps. The biggest small caps are Mindspace Business Parks REIT, Blue Star and Redington. 3 trade under ₹100 a share, namely Digitide Solutions (₹67.6), One Point One Solutions (₹73.67) and NIIT (₹77.79). (Size = rank by market value across every company we score: top 100 large cap, next 150 mid cap, the rest small cap. Updated every weekend) Link: https://www.sectoralpha.in/ai-stocks-india#caps ### Top 10 AI stocks in India (October 2026) The top 10 AI stocks for October 2026 are: 1. Bharti Airtel, 2. Quality Power Electrical Equipments, 3. KRN Heat Exchanger and Refrigeration, 4. MTAR Technologies, 5. Railtel Corporation of India, 6. Diamond Power Infrastructure, 7. Datamatics Global Services, 8. One Point One Solutions, 9. HFCL, 10. E2E Networks. Companies worth ₹2,000 crore or more are scored every month. (Ranked on October 2026 data, refreshed every month) Link: https://www.sectoralpha.in/ai-stocks-india#top ### AI stocks today This page uses weekly closes, not live prices. In the week to 16 October, 31 of the 51 AI stocks with a clean price record closed higher and 20 closed lower. The biggest weekly gains were Tata Consultancy Services (+14.3%), Infosys (+13.5%) and HCL Technologies (+13.4%). (Weekly closes, week to 16 October 2026 against the week to 9 October 2026. Updated every weekend) Link: https://www.sectoralpha.in/ai-stocks-india#leading ### AI stocks screener The table at the top lists all 54 AI and data-centre stocks in the scan with price, P/E, 52-week range and returns. Download the CSV to sort it. The list itself is checked every month against new calls. (Prices rebuilt every weekend, list checked every month) Link: https://www.sectoralpha.in/ai-stocks-india#track ## The first 10 rows of the list | Company | Price | Market cap | P/E or P/B | 52W high / low | Earnings growth, 12 months | 3M vs Nifty 500 | 1Y vs Nifty 500 | | --- | --- | --- | --- | --- | --- | --- | --- | | Reliance Industries | ₹1,184.5 | ₹16,02,929 cr | 21.4 | ₹1,612 / ₹1,152 | -8% | −5.9 pts | −8.2 pts | | Bharti Airtel | ₹1,895 | ₹11,82,786 cr | 37.9 | ₹2,175 / ₹1,726 | -22% | +2.6 pts | +1.0 pts | | Tata Consultancy Services | ₹2,506.9 | ₹9,07,019 cr | 16.6 | ₹3,350 / ₹1,976 | +4% | +11.5 pts | −10.5 pts | | Larsen & Toubro | ₹3,638.3 | ₹5,00,592 cr | 28.4 | ₹4,440 / ₹3,288 | +5% | −2.1 pts | +0.7 pts | | Infosys | ₹1,153.35 | ₹4,68,061 cr | 15.0 | ₹1,728 / ₹980 | +13% | +8.7 pts | −13.2 pts | | HCL Technologies | ₹1,421.7 | ₹3,85,802 cr | 20.3 | ₹1,780 / ₹1,030 | +8% | +17.4 pts | −0.9 pts | | Adani Enterprises | ₹2,550 | ₹3,45,124 cr | 144.9 | ₹3,245 / ₹1,753 | +16% | −12.0 pts | +15.2 pts | | Bharat Electronics | ₹364.5 | ₹2,66,441 cr | 43.3 | ₹473 / ₹360 | +12% | −5.2 pts | −2.4 pts | | ABB India | ₹6,464.5 | ₹1,36,988 cr | 88.9 | ₹7,924 / ₹4,638 | +66% | −6.6 pts | +37.0 pts | | CG Power & Industrial Solutions | ₹817.1 | ₹1,28,732 cr | 101.4 | ₹981 / ₹526 | +21% | −3.7 pts | +17.9 pts | Disclosure: Sector Alpha is not a SEBI-registered research analyst. This page is information and education only, not a recommendation to buy, sell or hold any security. No price targets are given. Data: NSE prices through our weekly pipeline. Past performance does not indicate future results.