Sunday, July 17, 2011
In the Zone
$REDF - Rediff.com India Ltd.
Rediff.com India Limited provides online Internet based services in India and to the global Indian community.
The company's Websites consist of channels relevant to Indian interests, such as cricket, astrology, matchmaker, and movies; content on various matters, which include news and finance; search facilities; and a range of community features consisting of e-mail, chat, messenger, photo/video sharing capabilities, e-commerce, blogs, broadband wireless content, and mobile value-added services to mobile phone subscribers in India, as well as online advertising and online shopping services.
It also publishes two weekly newspapers, ‘India Abroad’ and ‘India in New York’ for the Indian-American community based in the United States and Canada. The company’s target client base for advertising and sponsorships include global companies doing business in India, domestic corporations, and small and medium enterprises.
As of March 31, 2010, it had 89.5 million online registered users. The company was formerly known as Rediff Communication Private Limited and changed its name to Rediff.com India Limited in February 2000. Rediff.com India Limited was founded in 1996 and is headquartered in Mumbai, India.
Please keep (REDF) Rediff.com India, Ltd. on your weekly watch list for a price move above $18.10 - $18.15 on heavier than average daily trading volume of 1.31 million. This stock is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
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