High Growth Tech Stocks in India to Watch This September 2024

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Over the last 7 days, the Indian market has dropped 1.1%, driven by declines in the Financials and Energy sectors of 2.1% and 5.2%, respectively, although it is up 40% over the past year with earnings forecast to grow by 17% annually. In this context, identifying high growth tech stocks can be crucial for investors looking to capitalize on sectors with strong potential despite recent market fluctuations.

Top 10 High Growth Tech Companies In India

Name

Revenue Growth

Earnings Growth

Growth Rating

Tips Industries

24.69%

24.16%

★★★★★★

Newgen Software Technologies

21.66%

22.51%

★★★★★★

Happiest Minds Technologies

22.15%

22.22%

★★★★★★

C. E. Info Systems

29.94%

26.97%

★★★★★★

Netweb Technologies India

33.65%

35.61%

★★★★★★

Syrma SGS Technology

21.86%

32.67%

★★★★★☆

Sterlite Technologies

21.41%

101.08%

★★★★★☆

Tejas Networks

23.05%

63.54%

★★★★★☆

Avalon Technologies

20.11%

42.50%

★★★★★☆

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.

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

Kaynes Technology India

Simply Wall St Growth Rating: ★★★★★☆

Overview: Kaynes Technology India Limited operates as an end-to-end and IoT solutions-enabled integrated electronics manufacturer in India and internationally, with a market cap of ₹330.19 billion.

Operations: Kaynes Technology India Limited generates revenue primarily from its Electronics System Design and Manufacturing (ESDM) segment, amounting to ₹20.11 billion. The company focuses on providing integrated electronics manufacturing solutions both domestically and internationally.

Kaynes Technology India has demonstrated remarkable growth, with earnings increasing by 90.7% over the past year, significantly outpacing the Electronic industry’s 22.6%. The company forecasts revenue growth of 28.5% per year and earnings growth of 31.1% annually, surpassing the Indian market's average projections of 10.1% and 17.1%, respectively. Their recent investment in a state-of-the-art electronics manufacturing facility in Hyderabad highlights their commitment to innovation and sustainability across diverse sectors like automotive and medical electronics.

NSEI:KAYNES Revenue and Expenses Breakdown as at Sep 2024
NSEI:KAYNES Revenue and Expenses Breakdown as at Sep 2024

KPIT Technologies

Simply Wall St Growth Rating: ★★★★☆☆

Overview: KPIT Technologies Limited offers embedded software, artificial intelligence, and digital solutions for the automobile and mobility sector across various regions including the Americas, the United Kingdom, Europe, and internationally with a market cap of ₹498.51 billion.