High Growth Tech Stocks In India Featuring Coforge And 2 Others
In This Article:
The Indian market has stayed flat over the past 7 days but is up 44% over the past year, with earnings forecast to grow by 17% annually. In this environment, identifying high-growth tech stocks like Coforge and two others can be crucial for investors looking to capitalize on robust growth potential.
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% | ★★★★★★ |
| Happiest Minds Technologies | 22.15% | 22.22% | ★★★★★★ |
| Coforge | 14.16% | 22.47% | ★★★★★☆ |
| 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% | ★★★★★☆ |
Let's uncover some gems from our specialized screener.
Coforge
Simply Wall St Growth Rating: ★★★★★☆
Overview: Coforge Limited provides 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 ?427.35 billion.
Operations: Coforge Limited's primary revenue stream comes from its Software Solutions segment, generating ?93.59 billion. The company operates in various regions, including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.
Coforge's recent collaboration with Salesforce to launch Coforge ENZO, an environmental and net-zero offering, underscores its commitment to innovative solutions in sustainability. The company's revenue is projected to grow 14.2% annually, outpacing the broader Indian market's 10% growth rate. Despite a net income of ?1.33 billion for Q1 2024, down from ?1.65 billion last year, earnings are forecasted to rise by 22.5% per year. R&D expenses have been strategically allocated towards AI and digital transformation initiatives.
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Get an in-depth perspective on Coforge's performance by reading our health report here.
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Examine Coforge's past performance report to understand how it has performed in the past.
Persistent Systems
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally with a market cap of ?777.20 billion.
Operations: Persistent Systems Limited generates revenue from three primary segments: Healthcare & Life Sciences (?23.88 billion), Software, Hi-Tech and Emerging Industries (?46.41 billion), and Banking, Financial Services and Insurance (BFSI) (?32.08 billion). The company operates across India, North America, and international markets.