SmartMoney.com has a comparison of two Indian internet companies listed in the US – Rediff and Sify. The two are the only two India internet growth stories available for investment for small investors. The article, however, looks at Sify favourably since Rediff has already run up and commands a market valuation of $500 million. Sify, whose shares fell to $11 post Q4 results, is considered a long-term play. Sameet Sinha, analyst at New York-based Kauffman Bros, has recommended a buy with a price target of $17 on Sify.
Another analyst, George Mihalos, who works with New York investment bank Gilford Securities, despite lowering Sify from a ‘buy’ to ‘hold’ is upbeat about the Chennai-based internet company in the long term. He recommends a ‘buy’ in any further weakness.
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