Sify's Stock Prices

I just had one of my friends buzzing me on Yahoo and asking me about the price of Sify stock on the Nasdaq. Ever since the announcement that Satyam's stake in Sify was being sold to Infinity Capital Venture on November 11 2005, the stock prices have been rising steadily. Prior to the announcement Sify's stock used to trade in a range between $ 4 to $6.

Ever since the announcement, the stock price has been heading northbound and the markets closed yesterday with Sify at $12.15, close to 2.5 times the price of the stock at the time of the announcement. Some analysts feel that the stock can be expected to reach $ 25

Still the current stock prices are nothing compared to what it was at the heyday of the dotcom boom, when Sify's stock was trading at $424 (23/02/2000).
All this leads us to wonder how perfect the capital markets are..