Infosys And 2 More High Growth Tech Stocks In India
In This Article:
The market is up 1.4% over the last week, with the Financials sector up 1.6%. In the last year, the market has climbed 46%, and earnings are expected to grow by 17% per annum over the next few years. In this favorable environment, identifying high growth tech stocks like Infosys and two others can be crucial for investors looking to capitalize on India's booming technology sector.
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% | ★★★★★★ |
| Sonata Software | 13.29% | 29.79% | ★★★★★☆ |
| C. E. Info Systems | 29.94% | 26.97% | ★★★★★★ |
| Netweb Technologies India | 33.65% | 35.61% | ★★★★★★ |
| Sterlite Technologies | 21.41% | 101.08% | ★★★★★☆ |
| Tejas Networks | 23.05% | 63.54% | ★★★★★☆ |
| Avalon Technologies | 20.12% | 41.74% | ★★★★★☆ |
| INOX Leisure | 17.73% | 66.63% | ★★★★★☆ |
Here's a peek at a few of the choices from the screener.
Sonata Software
Simply Wall St Growth Rating: ★★★★★☆
Overview: Sonata Software Limited, along with its subsidiaries, offers information technology services and solutions across the United States, Europe, the Middle East, Asia, India, and Australia with a market cap of ?173.33 billion.
Operations: Sonata Software Limited, through its subsidiaries, generates revenue by providing a range of information technology services and solutions globally. The company's operations span multiple regions including the United States, Europe, the Middle East, Asia, India, and Australia.
Sonata Software's recent partnership with Applied Systems underscores its strategic focus on platform engineering and enterprise modernization, leveraging robust cloud capabilities. Despite a 36.7% earnings drop over the past year, revenue is expected to grow at 13.3% annually, outpacing the Indian market's 10%. With an R&D expenditure of ?1.5B impacting financial results and forecasted earnings growth of 29.8%, Sonata demonstrates a commitment to innovation that could drive future success in India's tech landscape.
Tips Industries
Simply Wall St Growth Rating: ★★★★★★
Overview: Tips Industries Limited engages in the acquisition and exploitation of music rights in India and internationally, with a market cap of ?94.31 billion.
Operations: Tips Industries Limited generates revenue primarily from its music segment, which includes audio and video content, amounting to ?2.63 billion. The company focuses on acquiring and exploiting music rights both in India and internationally.