Sify Technologies Limited (:SIFY) traded at a new 52-week high today of $4.58. So far today approximately 4.3 million shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.
Sify Technologies Ltd is a provider of corporate network services in India. The firm is also the fifth Internet access provider in the country. Sify controls the network of franchised cybercafes in India and owns several popular Internet portals, one of which–Sify.com–is among India’s top 10 sites in terms of traffic. The firm’s revenue is derived from segment services to enterprise customers, comprising Network services, Data Center services, Cloud and Managed Services, Technology Integration Services, and Applications Integration services. The Group has two geographic segments India and the rest of the world.
Sify Technologies Limited (:SIFY) is currently priced 57.3% above its average consensus analyst price target of $1.74.
Over the past year, Sify Technologies Limited has traded in a range of $0.56 to $4.58 and is now at $4.06, 621% above that low.
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