High Growth Tech in India Featuring Avalon Technologies and 2 Other Promising Stocks

The Indian market has climbed 1.8% in the last 7 days, led by the Financials sector with a gain of 2.2%, and has surged 46% over the past year, with earnings forecasted to grow by 17% annually. In this favorable environment, identifying high-growth tech stocks like Avalon Technologies can be crucial for investors seeking to capitalize on robust market conditions and promising future earnings growth.

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%	★★★★★★
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%	★★★★★☆

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.

Avalon Technologies (NSEI:AVALON)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Avalon Technologies Limited, along with its subsidiaries, offers integrated electronic manufacturing services across India, the United States, and internationally, with a market cap of ₹33.34 billion.

Operations: Avalon Technologies Limited, along with its subsidiaries, generates revenue primarily from its Electronics Manufacturing Services (EMS) segment, amounting to ₹8.32 billion. The company's operations span across India, the United States, and internationally.

Avalon Technologies, despite reporting a net loss of ₹23.07 million for Q1 2024, shows promising growth prospects with expected annual earnings growth of 41.7% and revenue forecasted to grow at 20.1% per year, outpacing the Indian market's average. The company's R&D expenses have been strategically allocated to innovate within its segments, contributing to its competitive edge in high-growth tech sectors. This focus on innovation is crucial as software firms increasingly adopt SaaS models, ensuring recurring revenue streams from subscriptions and enhancing client retention rates.

• Navigate through the intricacies of Avalon Technologies with our comprehensive health report here.

• Evaluate Avalon Technologies' historical performance by accessing our past performance report.

Dish TV India (NSEI:DISHTV)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Dish TV India Limited offers direct to home (DTH) and teleport services in India, with a market cap of ₹27.38 billion.

Operations: Dish TV India Limited generates revenue primarily from its direct to home (DTH) and teleport services, amounting to ₹18.12 billion. The company has a market cap of ₹27.38 billion.

Dish TV India, despite a challenging year with a net loss of ₹15.6 million in Q1 2024 compared to a net income of ₹205.4 million the previous year, shows promising growth potential. The company is forecasted to grow its earnings by 109.5% annually and expects revenue growth at 10.8% per year, which is slightly above the Indian market's average of 10%. Notably, Dish TV has been investing strategically in R&D to innovate within its segments, aiming for long-term profitability and competitive positioning in the media industry.

• Click here to discover the nuances of Dish TV India with our detailed analytical health report.

• Gain insights into Dish TV India's past trends and performance with our Past report.

RateGain Travel Technologies (NSEI:RATEGAIN)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: RateGain Travel Technologies Limited is a SaaS company offering solutions for the hospitality and travel industries across India, North America, the Asia-Pacific, Europe, and internationally with a market cap of ₹88.08 billion.

Operations: The company generates revenue primarily from its innovative solutions designed for the hospitality and travel industry, amounting to ₹10.03 billion. The market cap stands at ₹88.08 billion.

RateGain Travel Technologies has shown impressive earnings growth of 95.4% over the past year, far outpacing the software industry's 28.6%. The company's revenue is forecast to grow at 17% per year, surpassing the Indian market's average of 10%, while its earnings are expected to increase by 24.9% annually. Notably, RateGain's recent partnership with Thai Airways and Malaysia Airlines through its AirGain platform underscores its strategic focus on enhancing airline pricing intelligence, positioning it as a key player in aviation technology solutions.

• Unlock comprehensive insights into our analysis of RateGain Travel Technologies stock in this health report.

• Examine RateGain Travel Technologies' past performance report to understand how it has performed in the past.

Taking Advantage

• Unlock more gems! Our Indian High Growth Tech and AI Stocks screener has unearthed 35 more companies for you to explore.Click here to unveil our expertly curated list of 38 Indian High Growth Tech and AI Stocks.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Want To Explore Some Alternatives?

• 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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