Why Sify Technologies Stock Is Plummeting Today
Sify Technologies (NASDAQ: SIFY) stock is getting hit hard with sell-offs on Monday. The Indian communications and IT services company's share price was down 5.5% as of 1 p.m. ET. Shares had been off as much as 9.2% earlier in trading.
Sify published its latest quarterly results on Oct. 25, and the company's American depositary receipts (ADRs) got hit with a big valuation pullback after the U.S. market opened. Despite the sell-off, the stock is still up 298% year to date as of this writing.
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Source Fool.com
