Infosys And 2 Other High Growth Tech Stocks In India

The Indian market has seen a notable increase, rising by 1.3% over the last week and climbing 45% in the past year, with earnings forecast to grow by 17% annually. In this thriving environment, identifying high growth tech stocks like Infosys and two others can be crucial for capitalizing on the robust market conditions.

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%	★★★★★★
Happiest Minds Technologies	22.15%	22.22%	★★★★★★
C. E. Info Systems	29.94%	26.97%	★★★★★★
Syrma SGS Technology	21.86%	32.67%	★★★★★☆
Netweb Technologies India	33.65%	35.61%	★★★★★★
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.

Underneath we present a selection of stocks filtered out by our screen.

Coforge (NSEI: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 ₹467.95 billion.

Operations: Coforge Limited generates revenue primarily through 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 strategic initiatives, particularly in AI and cloud services, are poised to capitalize on the rapid digital transformation trends. With a robust 22.7% projected annual earnings growth outpacing the Indian market's 17.2%, and revenue growth anticipated at 14.8% annually, Coforge is navigating ahead of market averages significantly. Recent collaborations like with Salesforce for the Coforge ENZO platform underscore its commitment to innovation in sustainability tech, aiming to enhance corporate environmental accountability—a move likely enhancing its client engagement and market share in emerging tech sectors.

• Delve into the full analysis health report here for a deeper understanding of Coforge.

• Learn about Coforge's historical performance.

C. E. Info Systems (NSEI:MAPMYINDIA)

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 ₹118.06 billion.

Operations: The company generates revenue from map data and related services, including GPS navigation and location-based IoT solutions, amounting to ₹3.92 billion. The net profit margin stands at 31.52%.

C.E. Info Systems, a pioneer in digital mapping and location-based services in India, is navigating through an expansive phase with a remarkable 29.9% annual revenue growth forecast, outpacing the broader Indian market's growth of 10.1%. The company's strategic focus on R&D has led to a significant allocation of resources amounting to 27% of its revenue towards enhancing its technological capabilities. This investment is pivotal as it recently unveiled a partnership with Zoomcar, integrating vehicle booking into the Mappls App, which not only broadens service offerings but also solidifies its position in the tech-driven travel ecosystem. With earnings expected to surge by 27% annually over the next three years and recent executive appointments poised to strengthen corporate governance, C.E. Info Systems is well-positioned to leverage evolving market dynamics and consumer preferences in high-tech travel solutions.

• Click to explore a detailed breakdown of our findings in C. E. Info Systems' health report.

• Review our historical performance report to gain insights into C. E. Info Systems''s past performance.

Persistent Systems (NSEI:PERSISTENT)

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 ₹800.66 billion.

Operations: The company generates revenue primarily from three 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 largest revenue contributor is the Software, Hi-Tech and Emerging Industries segment.

Persistent Systems, amid a transformative phase in India's tech landscape, is poised for robust growth with earnings projected to climb by 19.4% annually. This growth trajectory is supported by a strategic emphasis on R&D, which currently absorbs 27% of its revenue—highlighting the firm's commitment to innovation and technological advancement. Additionally, recent executive changes and partnerships, like with Mage Data™ for enhanced data security solutions, underscore Persistent's agility in adapting to evolving market demands while reinforcing its service offerings across various industries. These developments not only amplify Persistent’s operational strengths but also enhance its competitive stance in the rapidly growing Indian tech sector.

• Navigate through the intricacies of Persistent Systems with our comprehensive health report here.

• Evaluate Persistent Systems' historical performance by accessing our past performance report.

Turning Ideas Into Actions

• Dive into all 39 of the Indian High Growth Tech and AI Stocks we have identified here.
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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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