Over the last 7 days, the Indian market has dropped 4.2%, yet it has risen by 40% over the past year with earnings forecasted to grow by 18% annually. In this context, identifying high growth tech stocks like Infosys and others involves evaluating their potential to capitalize on robust earnings growth amidst fluctuating market conditions.
Top 10 High Growth Tech Companies In India
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Tips Music | 25.09% | 23.58% | ★★★★★★ |
| Newgen Software Technologies | 21.66% | 21.71% | ★★★★★★ |
| Coforge | 16.80% | 30.88% | ★★★★★☆ |
| Sonata Software | 13.45% | 29.64% | ★★★★★☆ |
| Firstsource Solutions | 12.35% | 20.03% | ★★★★★☆ |
| C. E. Info Systems | 29.31% | 26.39% | ★★★★★★ |
| Netweb Technologies India | 34.85% | 39.12% | ★★★★★★ |
| GFL | 44.50% | 49.42% | ★★★★★☆ |
| Sterlite Technologies | 21.41% | 101.08% | ★★★★★☆ |
| INOX Leisure | 17.73% | 66.63% | ★★★★★☆ |
We'll examine a selection from our screener results.
Coforge (NSEI:COFORGE)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Coforge Limited is a company that offers information technology and IT enabled services across various regions including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific, with a market capitalization of ₹513.71 billion.
Operations: The company generates revenue primarily from its Software Solutions segment, which accounts for ₹101.45 billion.
Coforge, a player in India's tech landscape, is navigating an evolving market with strategic agility. The firm's revenue growth forecast at 16.8% annually surpasses the Indian market average of 10%, reflecting robust business expansion strategies. Earnings are also expected to surge by 30.9% annually, outpacing the broader Indian market's forecast of 17.5%. This financial trajectory is supported by recent performance metrics: Q2 sales jumped to INR 30,623 million from INR 22,762 million year-over-year. Additionally, Coforge is enhancing its service offerings through partnerships like the one with Salesforce on the ENZO project, focusing on sustainability solutions—an area of increasing relevance and potential revenue growth in tech sectors globally.
- Click here to discover the nuances of Coforge with our detailed analytical health report.
Review our historical performance report to gain insights into Coforge's's past performance.
Persistent Systems (NSEI:PERSISTENT)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Persistent Systems Limited offers software products, services, and technology solutions across India, North America, and globally with a market capitalization of ₹836.04 billion.
Operations: The company generates revenue primarily through its software products and technology solutions offered in India, North America, and internationally. Its business model focuses on delivering a diverse range of services that cater to various sectors.
Persistent Systems showcases a dynamic growth trajectory with a 15.5% annual revenue increase, outpacing the broader Indian market's average of 10%. This performance is complemented by an impressive earnings growth rate of 20.2% per year, reflecting robust operational efficiency and market positioning. Notably, the company's commitment to innovation is evidenced by its substantial investment in R&D, which has been pivotal in developing cutting-edge solutions like SASVA 2.0—an AI-powered platform enhancing software development lifecycle efficiencies across industries. These strategic initiatives not only underscore Persistent's adaptability but also fortify its prospects in a competitive tech landscape.
Tech Mahindra (NSEI:TECHM)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Tech Mahindra Limited is a global provider of information technology services and solutions, operating across the Americas, Europe, India, and other international markets, with a market cap of ₹1.53 trillion.
Operations: The company generates revenue primarily from IT Services, contributing ₹441.41 billion, and Business Process Outsourcing (BPO), adding ₹81.51 billion.
Tech Mahindra's strategic focus is evident in its substantial R&D investment, aligning with its 7.5% annual revenue growth and a robust 24.9% forecast in earnings growth. This commitment to innovation is underscored by recent leadership changes, enhancing its capabilities across diverse sectors. Moreover, the company's interim dividend increase reflects financial confidence, supporting its trajectory in a competitive landscape where technological advancements are crucial for maintaining an edge.
- Navigate through the intricacies of Tech Mahindra with our comprehensive health report here.
Evaluate Tech Mahindra's historical performance by accessing our past performance report.
Seize The Opportunity
- Reveal the 40 hidden gems among our Indian High Growth Tech and AI Stocks screener with a single click here.
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Seeking Other Investments?
- Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
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- 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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