While the Indian market is down 4.9% over the past seven days, it is still up an impressive 37% over the past year, and revenue is expected to grow 18% for the year. In this climate of volatile but promising growth, identifying high-growth tech stocks involves looking for companies with strong fundamentals and innovative potential that can take advantage of these dynamic market conditions. Included.
name
increase in revenue
revenue growth
growth assessment
tips music
25.09%
23.58%
★★★★★★
Newgen Software Technologies
21.66%
21.71%
★★★★★★
coforge
17.13%
27.34%
★★★★★☆
first source solution
12.35%
20.03%
★★★★★☆
CE information system
29.31%
26.39%
★★★★★★
Silma SGS Technology
22.96%
32.91%
★★★★★☆
Net Web Technologies India
34.85%
39.12%
★★★★★★
starlight technologies
21.41%
101.08%
★★★★★☆
Avalon Technologies
20.40%
42.79%
★★★★★☆
INOX Leisure
17.73%
66.63%
★★★★★☆
Click here to see the complete list of 38 Indian High Growth Technology Stocks and AI Stock Screener.
Let’s find some gems from our expert screeners.
Simply Wall Street Growth Rating: ★★★★★☆
Overview: Coforge Limited is a company that provides information technology and IT-enabled services to various regions including India, the Americas, Europe, Middle East, Africa, and Asia Pacific, with a market capitalization of Rs 516.43 billion.
Business Operations: The company primarily generates its revenue through its software solutions segment, which has a turnover of Rs 101.45 billion.
Coforge’s recent financial performance highlights the company’s strong position in the high-tech space, with quarterly revenue increasing by 34% to Rs 30.62 billion. This growth was complemented by a strategic partnership with Salesforce to launch the ENZO platform to strengthen sustainability measures across the enterprise. This is an innovation that not only expands our service offering, but also captures the growing demand for environmental technology solutions. The company’s research and development efforts are in line with industry trends where significant R&D spending is essential to maintain technological leadership and drive future growth, with significant investments in this area. It is clear from this. Furthermore, Coforge’s dividend strategy remains strong, as evidenced by the recent announcement of an interim dividend of Rs 19 per share, strengthening its shareholder value proposition amidst expansion of its business and revenue streams.
NSEI:COFORGE revenue and revenue growth (as of October 2024)
Simply Wall Street Growth Rating: ★★★★☆
Overview: Tech Mahindra Limited provides information technology services and solutions in the Americas, Europe, India and around the world, with a market capitalization of Rs 1.52 trillion.
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Operations: Tech Mahindra primarily generates revenue from IT services, amounting to Rs 4,414.1 billion, and an additional Rs 81.51 billion from business process outsourcing (BPO).
Tech Mahindra’s recent strategic initiatives, including a notable Center of Excellence in collaboration with NVIDIA, highlight the company’s commitment to integrating advanced AI technologies across diverse sectors. This move is particularly important as it leverages NVIDIA’s platform for the development of enterprise-grade AI applications and digital twins to improve productivity and operational efficiency in industries such as manufacturing and healthcare. On the financial front, Tech Mahindra has shown solid growth with revenue growth of 7.5% per year, slightly less than the overall Indian market growth rate of 10%, but impressively, the company’s revenue growth is expected to increase over the next three years. is expected to grow approximately 24.9% annually, outpacing the market’s 17.8%. This reflects strong revenue expansion potential, despite the historical challenges of revenue contraction of -9.1% over the past year.
NSEI:TECHM earnings and revenue growth (as of October 2024)
Simply Wall Street Growth Rating: ★★★★★☆
Overview: Zaggle Prepaid Ocean Services Limited develops financial products and solutions that use automated workflows to streamline expense management for enterprises, small businesses, and startups, and has a market capitalization of Rs 498.83 billion.
Operations: Zaggle Prepaid Ocean Services generates revenue primarily from program fees, gift card sales through the Propel platform, and platform or service fees. The program fees segment contributes Rs 4.01 billion, Propel platform revenue from gift cards stands at Rs 4.76 billion and platform/service fees add Rs 326.27 billion to the revenue structure.
Zaggle Prepaid Ocean Services has shown significant strategic growth recently, highlighted by strong annual revenue growth of 28.2%, which is higher than the overall Indian market growth rate of 10%. This rapid growth is supported by innovative expansions such as our recent agreement with HDFC ERGO for channel rewards and recognition, leveraging the Zaggle Propel platform to enhance partner engagement through at least 2025. Moreover, the company’s revenue has grown by a significant 108.5% over the past year. The software industry average is 36.1%. With R&D investments focused on strengthening its technology products and service platform, Zaggle is not only keeping up, but setting new standards in the Indian technology space. The company’s forward-looking approach is expected to sustain an impressive annual profit growth rate of 35.9%, promising continued innovation and market adaptability in a rapidly evolving digital environment.
NSEI:ZAGGLE Breakdown of revenue and expenses as of October 2024
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NSEI:COFORGE NSEI:TECHM and NSEI:ZAGGLE.
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