Sify Ltd.
(SIFY) is an internet, network, and ecommerce services provider in India.
Key
Information:
Fundamental:
Sector:
Technology
Industry:
Internet Service Providers
Liquidity:
Market
Capitalization: $575 Million
Average daily
volume (3-month): 1.2 million shares
Closing Stock
Price: $12.24
Risk
Proxies:
52-week high /
52-week low: 3.92
Beta: 2.11
Debt/Equity:
N/A
Profitable:
No
Risky - please
use appropriate position sizing if you choose to trade this stock.
Valuation:
Price/Sales:
5.47
Price/Book:
N/A
Price/Earnings:
N/A
Price/2007
Analyst Earnings Estimates: 40.80
Technical
Analysis
SIFY declined
substantially during late/mid April, and then consolidated in a small double
bottom pattern. On Friday May 5th, the stock broke out from
its double bottom pattern on relatively high volume; the double bottom breakout
was accompanied by a bullish Stochastics crossover in oversold territory.
We are technically bullish on the stock.
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Key
Levels
Buy:
Market
Bullish
breakout
Stop loss:
10.74
Below the
recent lows
Target:
14.74
Slightly below
the April highs
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