SIFY Pulls Ahead, Stock Sets New 3 Year High
People like myself who are in the stock for the long term are not too bothered by these numbers-the SIFY story will unfold over the next 5-10 years, and together with REDF, I think these guys have a good chance of being the major Internet Portals of the Indian Internet Sector.
REDF is looking weak, but probably needs to consolidate a little before the next move higher. The stock has almost tripled in a year and the gains need to be digested.
Threat from Yahoo.co.in remains to both of these companies. Yahoo is a formidable brand, and I am hearing reports that they are advertising more strongly in India. But so far, SIFY and REDF remain the top 2 destinations in India. Will keep you apprised if I come across some Traffic Data in India (really hard to get!).
Sanjay John G.