Rediff.Com India Limited Stock Plot
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Company Profile
Rediff.com India Limited is internet information provider in the technology sector and listed on NASDAQ by “REDF”. Rediff.com provides online Internet based services in India and to the global, Indian community. The companys websites consist of information and content channels relevant to Indian interests, such as business, cricket/sports, astrology, matchmaker, and movies; and content on various matters, which include news and finance. Its 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, 2011, Rediff.com had 101.2 million online registered users. It also offers a range of community features and products comprising e-mail, chat, messenger, e-commerce, blogs, and broadband wireless content; local TV advertising on national TV channels; search services, including fare, job, product, and video search; mobile value-added services, such as downloads, contests, subscription, SMS keywords, and mobile phone related services to mobile phone subscribers in India; online advertising and online shopping services.

Stock Plots
The Stock plots shown on the previous page depicts the daily prices of Rediff.com India Ltd. (listed on NASDAQ as “REDF”) stocks for last 3 years with reference to NASDAQ composite index (shown stock plot 3). The stock plots are created using date, opening price, high & low price of the day and closing price. The Stock plot 1 shows three years of daily stock price of Rediff.com and Stock plot 2 shows three years of daily NASDAQ index. The Stock Plot 3 shows, the Rediff.com daily price with the reference to NASDAQ index. Finally, the stocks plot 4 shows, stock price adjustments in July 2011.

Market Efficiency
In India, there were 17.9 million Internet users and 10.31 million broadband users in 2010, compared with 687.71 million mobile subscribers. Having missed targets set by the National Broadband Plan of 2004, India has lost nearly $100 billion in GDP in the interim, according to preliminary results of a national study by the Indian Council for Research on International Economic Relations (ICRIER) released on July 8th 2011. ICRIER argues that Indias internet market will grow even faster due to increased broadband usage in rural areas. In addition, McKinsey released a report on July 8th 2011 saying, the Internet contributed 5 percent to Indias GDP growth in the past five years, higher than the average 3 percent for “BRIC” (Brazil, Russia, India and China) economies. On July 8th 2011, as the market was semi-strong efficiency, where the Rediff.coms stock adjusted immediately (based on these two reports) with a stock gain up to 50% (stock rallied upwards from July 8 until July 18th). However, the week before July 8th 2011,

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Rediff.Com India And Stock Plots. (July 4, 2021). Retrieved from https://www.freeessays.education/rediff-com-india-and-stock-plots-essay/