High Growth Tech Stocks In India To Watch

In This Article:

In the last week, the Indian market has been flat, but it has risen 41% in the past 12 months with earnings forecasted to grow by 17% annually. In this context, identifying high growth tech stocks that can capitalize on these robust market conditions is crucial for investors looking to maximize their returns.

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%

★★★★★★

Sterlite Technologies

21.41%

101.08%

★★★★★☆

Tejas Networks

23.05%

63.54%

★★★★★☆

Avalon Technologies

20.12%

41.74%

★★★★★☆

INOX Leisure

17.73%

66.63%

★★★★★☆

Click here to see the full list of 38 stocks from our Indian High Growth Tech and AI Stocks screener.

Let's explore several standout options from the results in the screener.

Coforge

Simply Wall St Growth Rating: ★★★★★☆

Overview: Coforge Limited offers 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 ?456.26 billion.

Operations: Coforge Limited generates revenue primarily through its Software Solutions segment, which reported earnings of ?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 strategic collaboration with Salesforce to launch Coforge ENZO, an environmental and net-zero offering, highlights its commitment to sustainability and innovation. The company’s earnings are forecasted to grow 22.5% annually, outpacing the Indian market's 17.1%. Despite a slight dip in net income from ?1.65 billion to ?1.33 billion year-over-year, R&D expenses have been robustly managed, ensuring continued advancements in their tech solutions. This focus on high-quality earnings through innovative projects positions Coforge strongly within the competitive tech landscape in India.

NSEI:COFORGE Revenue and Expenses Breakdown as at Sep 2024
NSEI:COFORGE Revenue and Expenses Breakdown as at Sep 2024

KPIT Technologies

Simply Wall St Growth Rating: ★★★★☆☆

Overview: KPIT Technologies Limited offers embedded software, artificial intelligence, and digital solutions for the automobile and mobility sector across various global regions, with a market cap of ?476.35 billion.

Operations: KPIT Technologies Limited specializes in providing embedded software, artificial intelligence, and digital solutions to the automobile and mobility sectors across various global markets. The company's revenue streams are primarily derived from these specialized services offered internationally.