Sify Shares Stuck, India AI Data-Center Bet Draws Traders
Sify Technologies Limited’s American depositary receipts trading in the U.S. ended Tuesday mostly unchanged. The stock stalled after choppy moves, as investors considered the Indian digital infrastructure group's ongoing data-center expansion against bigger losses and rising debt. Sify ADRs were last at $17.24, up 0.12%, trading 82,064 shares, market data showed. An ADR, or American depositary receipt, is a certificate traded in the U.S. that stands for shares of a foreign company.