High Growth Tech Stocks in India for September 2024

In the last week, the Indian market has stayed flat, but it is up 44% over the past year with earnings expected to grow by 17% per annum over the next few years. In this context, identifying high-growth tech stocks can be crucial for investors looking to capitalize on robust market performance and future growth potential.

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%	★★★★★★
Coforge	14.33%	22.49%	★★★★★☆
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%	★★★★★☆

Click here to see the full list of 39 stocks from our Indian High Growth Tech and AI Stocks screener.

Let's dive into some prime choices out of from the screener.

Intellect Design Arena (NSEI:INTELLECT)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Intellect Design Arena Limited provides software development and related services for banking, insurance, and other financial services in India and internationally, with a market cap of ₹134.95 billion.

Operations: The company generates revenue primarily from software product licenses and related services, amounting to ₹24.73 billion. The business focuses on the banking, insurance, and financial services sectors both domestically and internationally.

Intellect Design Arena is capturing attention with its strategic initiatives and innovative product launches, particularly in AI-driven financial solutions. The company's recent unveiling of WealthForce.AI for the Middle East market underscores its commitment to integrating advanced AI to enhance wealth management services. This platform, leveraging eMACH.ai architecture, aims to revolutionize client interactions by providing hyper-personalized, data-driven advice. Moreover, Intellect's collaboration with HCLTech expands its global footprint, promising to deliver cutting-edge technology solutions across financial institutions worldwide. These moves not only reflect a robust R&D focus but also align with industry shifts towards digital and cloud-based solutions, positioning Intellect favorably within high-growth tech sectors in India. With revenue growth projected at 11.1% annually and earnings expected to surge by 22.4% per year, the company is set on a trajectory that could outpace broader market trends.

• Click to explore a detailed breakdown of our findings in Intellect Design Arena's health report.

• Understand Intellect Design Arena's track record by examining our Past report.

MPS (NSEI:MPSLTD)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: MPS Limited offers platforms and services for content creation, full-service production, and distribution to publishers, learning companies, corporate institutions, libraries, and content aggregators globally with a market cap of ₹36.21 billion.

Operations: MPS Limited generates revenue through three primary segments: Content Solutions (₹3.10 billion), Platform Solutions (₹1.48 billion), and e-Learning Solutions (₹1.36 billion). The company serves a diverse clientele across India, Europe, the United States, and internationally.

MPS Limited, recently added to the S&P Global BMI Index, is navigating the competitive landscape of high-growth tech sectors in India with a keen focus on R&D investments. The company reported a 19.3% annual revenue growth, outpacing the Indian market's 10.2%, and its earnings are expected to surge by 22.3% annually. Despite past challenges with negative earnings growth of -3.8% last year compared to the industry average of 35.8%, MPS has demonstrated resilience by confirming substantial dividend payments and engaging in strategic board appointments aimed at bolstering governance and innovation strategies moving forward.

• Dive into the specifics of MPS here with our thorough health report.

• Review our historical performance report to gain insights into MPS''s past performance.

Syrma SGS Technology (NSEI:SYRMA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Syrma SGS Technology Limited offers comprehensive electronic manufacturing services across India, the United States, Germany, and internationally, with a market cap of ₹78.80 billion.

Operations: Syrma SGS Technology Limited generates revenue primarily through its electronic manufacturing services, with a significant contribution of ₹37.12 billion from this segment. The company operates across various regions including India, the United States, and Germany.

Syrma SGS Technology, navigating through a competitive landscape, is poised for substantial growth with forecasted revenue and earnings increases of 21.9% and 32.7% annually, outstripping the broader Indian market's projections. Despite a recent dip in profit margins from 5.9% to 2.6%, the firm remains committed to innovation as evidenced by its significant R&D investments aimed at driving future growth. Recent strategic moves include appointing new auditors and proposing dividends, underscoring its proactive governance approach amidst challenging times.

• Take a closer look at Syrma SGS Technology's potential here in our health report.

• Learn about Syrma SGS Technology's historical performance.

Summing It All Up

• Access the full spectrum of 39 Indian High Growth Tech and AI Stocks by clicking on this link.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Interested In Other Possibilities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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