I am watching INDL and the small India efts SCIF SMIN along with REDF SIFY. SIFY if a pure India play and it is profitable.
You are right but I would say the smaller float makes REDF move faster. That was the past. This time Indian small stocks could move because of fundamentals and this time the move could be long term. Time will tell.
SIFY is making profit and now it is a dividend play. SIFY could become a momentum play. But REDF my biggest play after SIFY. Alibaba should focus more attention to India Internet potential.
Indian ETF are all at new highs -- look at INDL; will these small Indian stocks like REDF SIFY SMCG and IGC move soon? So far good volume this week but not huge runs other than IGC.