Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Sify Technologies Stock Is Plummeting Today

TheMotleyFool

0 0

Why Sify Technologies Stock Is Plummeting Today: https://g.foolcdn.com/editorial/images/839893/gettyimages-83077315-copy.jpg

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.

Image source: Getty Images.

Source Fool.com