You are right, but using a trading strategy until SIFY gains traction you would be up 100% + year to date and you could have done the same last year. Just because you failed to grasp this and act, does not make this a poor performing stock. When the Company gains traction and profit accelerates is when you buy and hold.
Formcurious, although I agree with every you have said, it is way too early for Raju to sell. He has time and money on his side and will sell when everything is finally working and he can get a huge price. Having owned both REDF and SIFY for years, I think SIFY is where the real potential is for the future.