High Growth Tech Stocks In India Featuring Coforge And Two Others
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Over the last 7 days, the Indian market has dropped 1.0%, but it has seen a robust increase of 39% over the past year, with earnings forecasted to grow by 17% annually. In this dynamic environment, identifying high-growth tech stocks like Coforge and others can be key to capitalizing on future opportunities.
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% | ★★★★★★ |
| C. E. Info Systems | 29.94% | 26.97% | ★★★★★★ |
| Netweb Technologies India | 33.65% | 35.61% | ★★★★★★ |
| Syrma SGS Technology | 21.85% | 31.90% | ★★★★★☆ |
| Sterlite Technologies | 21.41% | 101.08% | ★★★★★☆ |
| Tejas Networks | 23.05% | 63.54% | ★★★★★☆ |
| Avalon Technologies | 20.12% | 41.74% | ★★★★★☆ |
| INOX Leisure | 17.73% | 66.63% | ★★★★★☆ |
Underneath we present a selection of stocks filtered out by our screen.
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 ?432.89 billion.
Operations: Coforge Limited generates revenue primarily from its Software Solutions segment, which contributed ?93.59 billion. The company operates across multiple regions including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.
Coforge's revenue is forecasted to grow at 14.5% per year, outpacing the Indian market's 10.1% growth rate, but still slower than the desired 20%. The company's earnings are expected to surge by 22.6% annually over the next three years, highlighting significant potential in its AI and software segments. Recently teaming up with Salesforce on an environmental initiative enhances its sustainability credentials and broadens its client base. With R&D expenses reflecting a commitment to innovation, Coforge’s strategic moves could position it well for future growth despite recent shareholder dilution.
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Unlock comprehensive insights into our analysis of Coforge stock in this health report.
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Evaluate Coforge's historical performance by accessing our past performance report.
Nazara Technologies
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Nazara Technologies Limited operates a gaming and sports media platform in India and internationally, with a market cap of ?70.74 billion.
Operations: Nazara Technologies generates revenue primarily from three segments: Gaming (?3.90 billion), E-Sports (?6.46 billion), and AD Tech Business (?1.02 billion). The company's business model focuses on leveraging its gaming and sports media platform across these key areas to drive growth and engagement both in India and internationally.