High Growth Tech Stocks In India To Watch This August 2024
In This Article:
The Indian market is up 2.6% in the last 7 days, with all sectors gaining ground, and has surged 44% over the last 12 months, driven by a forecasted annual earnings growth of 17%. In this thriving environment, identifying high-growth tech stocks that align with these robust market conditions can be crucial for investors looking to capitalize on India's dynamic economic landscape.
Top 10 High Growth Tech Companies In India
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Tips Industries | 24.69% | 24.16% | ★★★★★★ |
| Newgen Software Technologies | 21.83% | 22.72% | ★★★★★★ |
| Sonata Software | 13.29% | 29.79% | ★★★★★☆ |
| Happiest Minds Technologies | 21.99% | 21.80% | ★★★★★★ |
| C. E. Info Systems | 29.94% | 26.97% | ★★★★★★ |
| Netweb Technologies India | 33.65% | 35.61% | ★★★★★★ |
| Sterlite Technologies | 21.41% | 101.08% | ★★★★★☆ |
| Tejas Networks | 23.05% | 63.54% | ★★★★★☆ |
| Avalon Technologies | 20.10% | 41.52% | ★★★★★☆ |
| INOX Leisure | 17.73% | 66.63% | ★★★★★☆ |
We'll examine a selection from our screener results.
Affle (India)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Affle (India) Limited, along with its subsidiaries, offers mobile advertisement services and software development for mobiles both in India and internationally, with a market cap of ?233.19 billion.
Operations: Affle (India) Limited generates revenue primarily through mobile advertisement services and software development for mobile devices across both domestic and international markets. The company leverages information technology to deliver targeted advertising solutions.
Affle (India) Limited's earnings have grown 31.8% annually over the past five years, with a forecasted annual growth of 23.1%. The company's revenue is projected to increase by 17.4% per year, outpacing the Indian market's average of 10%. Recent Q1 results showed sales of ?5.20 billion and net income rising to ?865.90 million from ?661.78 million a year ago, highlighting strong performance despite a competitive media industry landscape where Affle’s R&D expenses play a crucial role in maintaining its innovative edge.
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Take a closer look at Affle (India)'s potential here in our health report.
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Review our historical performance report to gain insights into Affle (India)'s's past performance.
Coforge
Simply Wall St Growth Rating: ★★★★★☆
Overview: Coforge Limited offers IT and IT-enabled services across various regions including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific with a market cap of ?406.19 billion.
Operations: The company generates revenue primarily from its software solutions, amounting to ?93.59 billion. Its services span multiple regions including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.