Rediff.com (NASDAQ:REDF) is an internet company based in India that has seen an almost 50% gain in share price in the last month. However, the company's share price has a history of quickly popping and then dropping and I think this time will be no different.
The initial catalyst for Rediff's latest rise was due to the election of Narendra Modi as Prime Minister in India's national elections on May 16th, 2014. His party won enough seats to form a government without having to broker a post-election coalition. Investors have bid up all Indian companies since the elections based on the hope the new government will be able to pass pro-business legislation that may turn around India's economy....
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