3 Disruptive Tech Stocks Set to Soar by 2025

The technology sector is one of the fastest-growing segments of the Indian stock market. Although the country may not have tech companies that could rival those present in the U.S. stock market, there are quite a few entities with significant potential for growth. Investing in some of the best tech shares could potentially increase the wealth-creation ability of your portfolio. In this article, we’re going to look at technology stocks, some of the reasons why you should invest in them and an in-depth overview of three disruptive tech stocks to buy in 2024.

What are Technology Stocks?

Technology stocks represent shares of companies operating in the technology sector of the stock market. This sector, in particular, includes a wide range of industries such as software, hardware, internet services, semiconductors and telecommunications. Tech stocks are widely known and popular for their potential for rapid growth and innovation-driven value creation. This often makes them very attractive investment options for investors seeking high returns.

Reasons to Invest in Disruptive Technology Stocks

If you’re wondering why you should invest in the best tech stocks, the reasons outlined below could potentially give you some clarity.

• Innovation 

Tech companies are usually at the forefront of innovation. They’re constantly developing new products and services, including making significant investments in new technologies such as Artificial Intelligence (AI) and Machine Learning (ML). 

Companies that do it right could shake up their industry and create new market opportunities. Innovation often translates into significant growth potential as these companies expand their market share and revenue streams.

• Scalability 

One of the main advantages that the best tech shares have over others is their strong ability to scale their operations beyond the domestic market. In fact, the business models of many tech companies in India are scalable by nature, allowing them to reach global markets in record time without straining their finances. Such a high level of scalability could potentially lead to rapid revenue growth and increased profitability, which in turn benefits investors. 

• Resilience 

Compared to companies in other sectors, technology stocks are more resilient to changing market conditions. This resilience is often attributed to their adaptable nature, which makes them less susceptible to economic downturns. Furthermore, with today’s economy heavily dependent on technology solutions for communication, productivity, entertainment and more, tech stocks are likely to do well irrespective of the conditions. 

• Strong Investor Interest 

Tech companies with disruptive technologies are generally preferred by institutional investors, analysts, retail investors and other stakeholders. The increased interest from investors leads to increased valuation and the potential for stock price appreciation. 

Three Disruptive Technology Stocks Set To Soar by 2025

Now that you’re aware of the reasons to invest in the best tech stocks, let’s take a look at some of the disruptive tech stocks to buy in 2024. 

1. Tata Elxsi 

Tata Elxsi, a part of the Tata Group of Companies, is one of the leading technology solutions providers in India. The company develops customised tech solutions for automotive, healthcare, communications, rail, semiconductor and media sectors. Some of the services provided by the company include research and strategy, product design and engineering, testing and validation, and operation and automation, among others. 

More recently, Tata Elxsi has been closely involved in various missions conducted by the Indian Space Research Organisation (ISRO). In the successful Chandrayaan-3 mission, the company played a major role by providing multi-level support to the space organisation. Tata Elxsi has partnered with ISRO for the upcoming Gaganyaan mission as well, making it one of the best tech shares to invest in for the future. 

2. Happiest Minds Technologies

Happiest Minds Technologies is another one of the disruptive tech stocks to buy in 2024. The company is known for its expertise in areas such as product engineering, cloud computing, cybersecurity, AI, data analytics, digital process automation and the Internet of Things (IoT). One of the factors that drives the company is its agile approach to delivering innovative solutions.

Happiest Minds Technologies’ focus on digital innovation and robust client base across various industries like EdTech, media, industrials and manufacturing have positioned it for significant growth in the coming years, making it an attractive investment opportunity. Furthermore, the company has recently announced a partnership with MindSculpt Analytics to deliver AI-powered medical solutions in the preventive and diagnostics spaces. 

3. Zensar Technologies

Zensar Technologies, a subsidiary of the RPG Group of Companies, is a technology company providing an extensive range of innovative digital services. From digital foundation and experience services to advanced engineering and data analytics, the company is deeply entrenched in global technology services. 

To bolster its position and maximise growth opportunities, Zensar Technologies has made a host of strategic acquisitions. The company currently serves industries like banking and financial services, hi-tech engineering, insurance, retail, telecom and healthcare. 

Additionally, Zensar’s strong track record of delivering value-driven solutions, expanding global footprint and sharp focus on emerging technologies make it one of the best tech stocks for investors looking to capitalise on the digital transformation wave.

Conclusion 

With this, you must now be aware of the top tech stocks to buy in 2024. Investing in such disruptive stocks provides you with an opportunity to participate in the growth and innovation of the ever-dynamic technology sector. However, as with any investment, you must ensure that you do thorough research and analysis of your own before investing in these stocks. This way, you can make informed investment decisions that are in line with your goals and manage risks effectively.

The Research 360 platform, powered by Motilal Oswal, can help you fundamentally analyse the best tech shares. In addition to comprehensive financial insights, you can also view the technicals for each stock and use the information to plan your entry points. Additionally, you can also compare your favourite stock with its peers to get an idea of where it stands. So, what’re you waiting for? Sign up for Research 360 today and make your investment journey more effortless and straightforward.