Best Metaverse Stocks in India

What is Metaverse?

A metaverse can be described as a hypothetical replication of the Internet as a single, universal, and immersive virtual world based on the use of virtual reality and augmented reality headsets. In simpler words, it allows a person to experience things in the digital world that closely resemble positive things that the person has been experiencing in the real world. 

Metaverse has excellent use cases in gaming, edtech,  tourism, real estate, entertainment and event management industries. Early investors in this field may thus reap major benefits in the coming five years.

Top Metaverse Stocks in India

Metaverse stocks are stocks of those companies which are currently making significant investments in building their capabilities in technology related to the metaverse such as virtual reality and augmented reality. 

The following are some of the companies that are making investments in the metaverse space in India – 

The figures above are subject to change. Kindly check the Angel One website to remain updated.

Tata Consultancy Services Ltd.

TCS is an IT consultancy company that usually gives its services to major companies in sectors such as health, transport, finance, cloud computing, and analytics. 

In more recent times, it has useds AR and VR technology as a part of the solutions that it presents to its client companies. 

Infosys Ltd.

Like TCS, Infosys also gives IT consultancy services in similar fields such as business and management consulting, product engineering etc. 

The company has had experience in creating AR and VR-based solutions for sectors such as retail, manufacturing, and edtech.

HCL Technologies Ltd.

The company offers its IT-based services in fields such as cybersecurity, analytics, XaaS, product engineering, cloud-based services etc.

It does have experience in VR and AR solutions, which puts it in a position to take advantage of a possible boom in the mMetaverse industry.

Wipro Ltd.

Technology consulting, application design, business processes, cloud infrastructure, digital strategy and systems integration – these are some of the things that Wipro performs as a company.

In addition to the above, Wipro has created a VR for the garments industry, whereby it is easier for customers to check through garments. The company has also created AR solutions for manufacturing systems to solve debugging issues.

LTIMindtree Ltd.

Previously known as Larsen and Toubro Infotech, the company provides digital solutions for infrastructure management, application development and testing, outsourcing etc.

It has been looking at AR and VR solutions for enhancing customer experiences and company processes.

Why Invest in Metaverse Stocks

Metaverse is a new field with a growing number of use cases. It is important that Indian companies build their capability in this space so that they can take advantage of such companies and technology in the future, where AR and VR are going to be more easily available and popular.

However, once the capability is built, as it is being built now, the companies with mMetaverse-related capabilities will have higher efficiency, a competitive edge and marketing channels than otherwise. This will happen as services will then be converted into products and easily spread throughout India. Therefore, the stocks of those companies with an edge in metaverse will rise, allowing investors a good exit. There is a massive market waiting to be taken over in India too, which suggests possible growth in the company’s value. Therefore, trading the stocks ofin such companies may be a good idea too.

Conclusion

If you are interested in  buying any of these metaverse stocks, do enough research on how likely are the chances of the companies expanding into metaverse, having the capability and finances for such expansions etc. Open demat account with Angel One and start trading in the stock market today!

Disclaimer: This article has been written exclusively for educational purposes. The securities quoted are only examples and not recommendations.