Prediction: SIFY share price is going to overtake Rediff this month, and in next year SIFY will outperform REDF.
Typically, REDF has been about double the value of SIFY. SIFY is going to come into major play over the next few quarters due to its sudden jump in revenues and recent swing into profit. The 30% increase in revenue is going to continue. I predict that SIFY's share price is going to overtake that of REDF around the next earnings report this month. REDF will also go up in sypmpathy with SIFY's rise, but not as much because their earnings have been small, unimpressive and stagnant.
Therefore, I am staying long on SIFY and REDF for a while and recently have been accumulating more SIFY but just holding previous positions on REDF.
If anyone wants to join the SIFY train do it now, before it shoots up from $2/share.
Great call! It always seemed to me quite obvious but did not expect the timing would be Oct as predicted by you. I hope Sify declares great earnings like last time and then sky is the limit. Also, this time Redf will not come in its way to glory.