Sify Limited (ADR) (NASDAQ:SIFY)
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A integrated Internet, network and electronic commerce services Company in India, offering end-to-end solutions with a comprehensive range of services delivered over a common Internet backbone infrastructure.
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SIFY is India's leading internet service provider. India is a fast growing economy over the coming years and the internet customer base is predicted to grow in leaps and bounds. The stock is off its 52 week high at 9.37 a share and up from its low of 2.57 a share with a spike in price yesterday on news that Google will provide cross platform services for SIFY internet. The price is 3.13 a share with a target of $5 a share in the next year. At theses prices and inconsideration of the enormous growth potential for India this stock has great upside potential for the next four to five years.