Will Sify’s run continue this week?
Sify Ltd. (NASDAQ: SIFY) took off last week. No new news came out but the stock has gained momentum. As mentioned in the article last week, Sify Ltd. is a great buy. Although, the stock went up a lot last week, I still think it has a lot off room left to go up even more. Like I said in the article published last week, this was and still is the most undervalued of all of the Indian stocks listed in the US . Watch out if they show profits next quarter. If they do show profits it will hit 20 in no time. Revenues are going to keep growing as there is a lot of room to grow in India in the Internet sector. The wild card is obviously, Raju Vegesna and what his strategy is for Sify. He will bring his Silicon Valley experience and know how to reward the shareholders. This should be an interesting week to see if the momentum continues or if we have a little bit of pullback. I would buy more on any pullback.