After an unprecedented 40% surge on Friday, Infosys’ American Depositary Receipts (ADRs) slipped more than 7% on Monday to hit an intraday low of $18.78, snapping a three-session winning streak ... .
TickerSymbols For Class C Preferred Shares and ADRs ... · ADRs ... The Company clarifies that, with respect to the other classes of preferred shares and ADRs currently outstanding, the trading codes will remain unchanged.
The dramatic price action in Infosys' ADR was in stark contrast to the stock's performance in India, where shares closed with a modest gain of 0.7% at Rs 1,638 on the NSE on Friday ... .
Infosys ADR surged 40 percent on NYSE, causing two trading halts on December 19. Infosys clarified no material events triggered the spike, attributing it to a technical anomaly ....
Infosys share price increased over 3% on December 22 following a clarification about a surge in ADRs, which rose 56% to $30 before settling at $20.22. The company stated there were no material events necessitating disclosure under SEBI regulations.