High Growth Tech Stocks in India Featuring Coforge and Two Others

In the last week, the Indian market has remained flat; however, it has seen a remarkable 45% increase over the past year with earnings anticipated to grow by 17% annually in the coming years. In this dynamic environment, identifying high-growth tech stocks like Coforge and others that can capitalize on these favorable conditions requires a focus on innovation and adaptability.

Top 10 High Growth Tech Companies In India

Click here to see the full list of 38 stocks from our Indian High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Coforge (NSEI:COFORGE)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Coforge Limited 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 ₹475.29 billion.

Operations: With a market capitalization of ₹475.29 billion, the company generates revenue primarily through its Software Solutions segment, which accounts for ₹93.59 billion.

Coforge, amidst a dynamic tech landscape in India, is poised for robust growth with earnings expected to surge by 23.2% annually, outpacing the broader market’s 17.3%. This growth trajectory is underpinned by strategic initiatives like the recent partnership with Salesforce on the Coforge ENZO platform, aimed at enhancing sustainability practices through advanced AI-driven solutions for carbon accounting and emissions data management. Notably, despite a competitive IT sector where Coforge’s past year earnings growth of 9.4% lagged behind the industry average of 12.9%, its projected revenue increase of 15.3% annually signals strong market capture and potential expansion in high-demand sectors like environmental technology and AI solutions. These forward-looking strategies are crucial as they align with global shifts towards sustainable operations, positioning Coforge to leverage emerging opportunities while fostering long-term stakeholder value.

• 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.

Info Edge (India) (NSEI:NAUKRI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Info Edge (India) Limited is an online classifieds company focusing on recruitment, matrimony, real estate, and education services both in India and internationally, with a market cap of ₹1.06 trillion.

Operations: Info Edge generates revenue primarily from recruitment solutions, contributing significantly to its income, followed by real estate services under the 99acres platform. The company’s market cap stands at ₹1.06 trillion.

Info Edge (India) has demonstrated a robust trajectory with its earnings forecast to expand by 23.6% annually, reflecting its strong foothold in the competitive tech sector. Recent strategic investments, like the INR 4.2 Crores infusion into Nexstem India, underscore its commitment to nurturing innovation and expanding its technological capabilities. The company’s R&D spending is pivotal, ensuring it stays at the forefront of market trends and demands. With a revenue growth rate of 13% yearly outpacing the Indian market average of 10.1%, Info Edge is strategically positioned to leverage emerging opportunities in high-demand sectors such as AI and online recruitment services, despite recent regulatory challenges and significant insider selling which could suggest caution among stakeholders.

• Take a closer look at Info Edge (India)’s potential here in our health report.

• Explore historical data to track Info Edge (India)’s performance over time in our Past section.

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 ₹1.44 trillion.

Operations: Tech Mahindra generates revenue primarily from IT Services, contributing ₹439.48 billion, and Business Process Outsourcing (BPO), adding ₹78.94 billion. The company operates across multiple regions, offering a diverse range of technology services and solutions.

Tech Mahindra’s expected earnings growth of 28.9% annually positions it as a dynamic contender in India’s tech sector, despite its revenue growth trailing at 6.9% per year, below the national average of 10.1%. The company’s commitment to innovation is underscored by significant R&D expenses, which are crucial for maintaining competitive advantage and fostering new technologies. Recent board changes and strategic partnerships, like the collaboration with Northeastern University for ORAN and 6G advancements, further exemplify Tech Mahindra’s proactive approach in high-tech domains. This strategy not only enhances its service offerings but also solidifies its role in shaping future communication technologies.

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

• Understand Tech Mahindra’s track record by examining our Past report.

Taking Advantage

• Click this link to deep-dive into the 38 companies within our Indian High Growth Tech and AI Stocks screener.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St’s portfolio to get a 360-degree view on how they’re shaping up.
• Streamline your investment strategy with Simply Wall St’s app for free and benefit from extensive research on stocks across all corners of the world.

Ready For A Different Approach?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com