High Growth Tech Stocks in India to Watch This September 2024
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Over the last 7 days, the Indian market has dropped 1.2%, but it has risen by 38% over the past year, with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying high growth tech stocks that align with these promising trends can be crucial for investors looking to capitalize on India's burgeoning tech sector.
Top 10 High Growth Tech Companies In India
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Tips Industries | 24.69% | 24.16% | ★★★★★★ |
| Newgen Software Technologies | 21.66% | 22.51% | ★★★★★★ |
| Sonata Software | 13.29% | 29.79% | ★★★★★☆ |
| Happiest Minds Technologies | 22.15% | 22.22% | ★★★★★★ |
| C. E. Info Systems | 29.94% | 26.97% | ★★★★★★ |
| Netweb Technologies India | 33.65% | 35.61% | ★★★★★★ |
| Syrma SGS Technology | 21.85% | 31.90% | ★★★★★☆ |
| Sterlite Technologies | 21.41% | 101.08% | ★★★★★☆ |
| Tejas Networks | 23.05% | 63.54% | ★★★★★☆ |
| INOX Leisure | 17.73% | 66.63% | ★★★★★☆ |
Here's a peek at a few of the choices from the screener.
Coforge
Simply Wall St Growth Rating: ★★★★★☆
Overview: Coforge Limited provides information technology (IT) and IT enabled services across multiple regions including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific, with a market cap of ?453.98 billion.
Operations: Coforge Limited generates revenue primarily from its Software Solutions segment, which accounted for ?93.59 billion. The company operates across various regions including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.
Coforge's revenue is projected to grow at 14.4% annually, outpacing the broader Indian market's 10.1%. The company's earnings are expected to increase by 22.5% per year, reflecting robust growth prospects compared to the market average of 17%. Recent initiatives, such as partnering with Salesforce for the ENZO platform, highlight Coforge’s commitment to innovation and sustainability in AI and CRM solutions. R&D expenses have been strategically allocated to enhance their offerings, ensuring competitive advantage in a rapidly evolving tech landscape.
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Unlock comprehensive insights into our analysis of Coforge stock in this health report.
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Gain insights into Coforge's past trends and performance with our Past report.
Firstsource Solutions
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Firstsource Solutions Limited provides tech-enabled business processes in the United Kingdom, the United States, Asia, and internationally with a market cap of ?226.81 billion.
Operations: Firstsource Solutions Limited generates revenue primarily from four segments: Banking and Financial Services (?25.11 billion), Healthcare (?22.27 billion), Communication, Media and Technology (?14.76 billion), and Diverse Industries (?3.75 billion). The company operates internationally, providing tech-enabled business processes across various sectors.