Why These 15 Communication Services Stocks Are up the Most So Far in 2025

9. Sify Technologies Ltd (NASDAQ:SIFY)

Number of Hedge Fund Holders In Q4 2024: 1

Sify Technologies Ltd (NASDAQ:SIFY) is India’s largest integrated ICT service and solution provider, delivering cloud, data center, network, and digital services to enterprises across India and internationally.

The stock’s rise in 2025 has been primarily driven by strong revenue growth and aggressive infrastructure expansion. On April 21, 2025, Sify reported a 12% year-over-year revenue increase to INR39,886 million and a similar rise in EBITDA, despite posting a net loss of INR785 million due to heavy capital expenditures aimed at scaling up data center and network capacity.

The company launched two new data centers in Delhi and Chennai and expanded its fiber network by 10%, bringing its total to 1,137 nodes nationwide. Demand from international hyperscalers for Sify’s data center services remains robust, while Indian enterprise adoption is still emerging. Management’s guidance for the next two years forecasts average annual revenue growth of 26%.

SIFY stock is up 53.50% year-to-date.