24/7 Market News Snapshot 14 October, 2024 – Sify Technologies Limited (NASDAQ:SIFY)

October 14, 2024

DENVER, Colo., 14 October, 2024 (247marketnews.com) – (NASDAQ:SIFY) are discussed in this article.
Sify Technologies Limited (SIFY) is experiencing a notable surge in its stock performance, currently trading at $3.818, which marks an impressive increase of approximately 12.96% from the previous session’s close of $3.38. The trading volume has reached 659.13K shares, indicating heightened investor interest and strong market sentiment. Analysts suggest that if the stock remains above the $3.75 mark, it may attract further buying interest, while a key support level is identified around $3.60.

In addition to its favorable market performance, Sify is pleased to announce the appointment of Ms. Padmaja Chunduru to its Board of Directors. Ms. Chunduru, a highly respected figure in the banking sector, is expected to provide significant insights as Sify advances its digital transformation initiatives. Her distinguished career includes impactful leadership as the Managing Director and CEO of Indian Bank, where she successfully led a notable merger with Allahabad Bank, recognized in international business circles for its effectiveness.

Furthermore, her role at the National Securities Depository Limited (NSDL) was marked by the introduction of a groundbreaking DLT Blockchain-based platform for security monitoring, highlighting her commitment to technological innovation in the financial sector. With numerous accolades, including recognition as one of the Most Powerful Women in Business by Fortune India, Ms. Chunduru is also an advocate for gender diversity in finance and corporate governance.

Welcoming Ms. Chunduru, Sify’s Chairman, Mr. Raju Vegesna, emphasized that her expertise in digital financial initiatives aligns seamlessly with Sify’s commitment to being a leading digital transformation partner. Ms. Chunduru expressed her enthusiasm for joining Sify’s Board and her intention to contribute to the company’s growth and governance initiatives, reinforcing Sify’s strategic vision in an evolving digital landscape.

Related news for (SIFY)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.