Posts Tagged ‘REDF’

MASI makes headway, MSFT, REDF trail average volumes

Monday, January 31st, 2011

Masimo Corp. (Nasdaq: MASI) shares advanced 9.1 percent to $30.09, on volume of 2.2 million shares, or four times its usual daily average, after the medical-technology firm extended a royalty agreement with Covidien PLC.

Microsoft Corporation (Nasdaq: MSFT) traded in 46.9 million shares, trailing its daily volume of 60.7 million. Prices were flat at $27.66. India (Nasdaq: REDF) shares fell 11.5 percent to $6.24, on volume of 788,347 shares, falling behind its daily average of 859,473.

NVDA steps on gas, CSCO sizzles, REDF slides

Monday, January 24th, 2011

Nvidia Corp. (Nasdaq: NVDA) shares added 12.1% to $24.90, after Barron’s said the chip maker’s stock might rise as much as 80% in the next year. Volume for NVDA was 29.1 million shares, better than its daily average of 22.3 million.

Cisco Systems Inc, (Nasdaq: CSCO) dealt in 25 million shares Monday, making headway against its full-day average of 72 million. Share prices moved higher 1.7 percent to $21.08, on word of its price target being raised at Barclays to $24 from $22. India Limited (Nasdaq: REDF) dropped 8.4 percent to $7.39 Monday. Volume for the stock was 806,955 shares, just now nosing out its daily average. The Mumbai-based REDF is one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services. India Ltd. (REDF) – Buzz Stock of the Day

Thursday, December 2nd, 2010

Shares of Internet service provider India Ltd. (Nasdaq: REDF) were up as much as 18 percent from Wednesday’s closing price in morning trading on Thursday. Shares of Rediff were up more than 3 percent in pre-market trading today, as well.

For the second quarter ended September 30, reported a net loss of $1.59 million, or 6 cents per ADS, down from $2.61 million, or 9 cents per ADS. Total revenue in the quarter climbed 21 percent to $5.07 million over the same quarter last year. Gross margin in the quarter increased to $2.48 million, or 49 percent of sales, up from $1.57 million, or 37 percent of sales.  The company’s core online advertising revenues in its India business grew 46 percent compared to the same quarter of the previous year; total India revenues, which includes fee-based and online advertising revenues, grew 35 percent for the quarter, while Rediff’s global revenues grew 21 percent  for the quarter, in each case over the same quarter last year.

As of September 30, 2010,’s total registered users grew to 95 million, an increase of 15 percent compared to the comparable period in 2009.

“New products and services introduced over the past year have been focused on improving our users experience, as well as expanding our footprint in new growth segments, such as social networking, gaming and now, mobile services,” said’s Chairman and CEO, Ajit Balakrishnan in a statement. “Our balance sheet remains strong and we believe Rediff has improved its competitive position and is poised for growth in the years ahead.”

One of’s most recent initiatives is a subscription-based e-mail service called Rediffmail NG. Rediffmail NG allows Indian Internet users to sync, send and receive e-mails on their mobile phones for about $1 per-month. The service works across almost all mobile phone platforms including Symbian, Java, Andriod, as well on almost all low cost phones starting at prices as low as US $30. This is a first for the Indian market as the estimated 670 million mobile phone user in India will now have affordable email service at their fingertips.

“Our Rediffmail NG mobile platform is a first step towards increasing our share of subscription-based revenue and we believe, will yield an additional revenue stream for our Company while enabling us to take part in the exciting growth of mobile services,” Balakrishnan said.