High Growth Tech Stocks In India Featuring Cyient DLM And 2 More

In This Article:

Over the last 7 days, the Indian market has remained flat, although it is up 45% over the past year and earnings are expected to grow by 17% per annum over the next few years. In this dynamic environment, identifying high growth tech stocks such as Cyient DLM and others can be crucial for investors looking to capitalize on India's robust economic trajectory.

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

21.99%

21.80%

★★★★★★

Sonata Software

13.29%

29.79%

★★★★★☆

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.

We're going to check out a few of the best picks from our screener tool.

Cyient DLM

Simply Wall St Growth Rating: ★★★★★☆

Overview: Cyient DLM Limited offers electronic manufacturing solutions both in India and internationally, with a market cap of ?59.74 billion.

Operations: Specializing in electronic manufacturing solutions, Cyient DLM Limited generated a revenue of ?12.33 billion from this segment. The company operates both domestically and internationally, leveraging its expertise to serve a diverse client base.

Cyient DLM's earnings are projected to grow at an impressive 37.8% annually, significantly outpacing the Indian market's 17% forecast. Their revenue is expected to rise by 23.1% per year, driven by strategic contracts like the recent Boeing deal for the 787 Dreamliner's Battery Diode Module production. The company's R&D expenses of ?2 billion underscore a commitment to innovation in aerospace and defense sectors, positioning them well within India's high-growth tech landscape.

NSEI:CYIENTDLM Revenue and Expenses Breakdown as at Aug 2024
NSEI:CYIENTDLM Revenue and Expenses Breakdown as at Aug 2024

C. E. Info Systems

Simply Wall St Growth Rating: ★★★★★★

Overview: C. E. Info Systems Limited offers digital mapping, geospatial software, and location-based Internet of Things (IoT) technology solutions in India, with a market cap of ?113.83 billion.

Operations: The company generates revenue primarily from its Map Data and Map Data Related Services, including GPS Navigation, Location-Based Services, and IoT solutions, amounting to ?3.92 billion. The focus is on leveraging digital mapping and geospatial software for diverse applications in India.