High Growth Tech Stocks in India to Watch This September 2024
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The Indian market has shown remarkable resilience, with the Utilities sector gaining 3.5% while the overall market remained flat over the last week and a significant 44% increase over the past year. With earnings forecasted to grow by 17% annually, identifying high-growth tech stocks that can capitalize on this momentum is crucial for investors looking to maximize their returns in September 2024.
Top 10 High Growth Tech Companies In India
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Tips Music | 24.69% | 24.16% | ★★★★★★ |
| Newgen Software Technologies | 21.66% | 22.51% | ★★★★★★ |
| Sonata Software | 13.29% | 29.79% | ★★★★★☆ |
| Happiest Minds Technologies | 22.15% | 22.22% | ★★★★★★ |
| Netweb Technologies India | 33.65% | 35.61% | ★★★★★★ |
| C. E. Info Systems | 29.94% | 26.97% | ★★★★★★ |
| GFL | 44.50% | 49.42% | ★★★★★☆ |
| Sterlite Technologies | 21.41% | 101.08% | ★★★★★☆ |
| Tejas Networks | 23.05% | 63.54% | ★★★★★☆ |
| INOX Leisure | 17.73% | 66.63% | ★★★★★☆ |
Underneath we present a selection of stocks filtered out by our screen.
Avalon Technologies
Simply Wall St Growth Rating: ★★★★★☆
Overview: Avalon Technologies Limited, along with its subsidiaries, offers integrated electronic manufacturing services across India, the United States, and internationally, with a market cap of ?41.55 billion.
Operations: Avalon Technologies Limited, through its subsidiaries, generates revenue primarily from Electronics Manufacturing Services (EMS), which amounted to ?8.32 billion. The company operates in India, the United States, and internationally.
Avalon Technologies, amidst a challenging fiscal quarter with a net loss of INR 23.07 million from a prior net income of INR 70.7 million, still projects robust future growth. The company's revenue growth is anticipated at 20.1% annually, outpacing the Indian market's average of 10.2%. Significantly, earnings are expected to surge by 42.5% per year, reflecting strong market confidence despite recent setbacks including the resignation of CFO RM Subramanian. This optimism is underpinned by Avalon's commitment to innovation and strategic market positioning in the high-growth tech sector in India.
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Get an in-depth perspective on Avalon Technologies' performance by reading our health report here.
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Assess Avalon Technologies' past performance with our detailed historical performance reports.
Dish TV India
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Dish TV India Limited offers direct to home (DTH) and teleport services in India, with a market cap of ?24.99 billion.
Operations: Dish TV India Limited generates revenue primarily from its direct to home (DTH) and teleport services, amounting to ?18.12 billion. The company operates within the Indian market, focusing on providing satellite television services directly to consumers' homes.