Indian IT giant Infosys has seen its American Depository Receipt (ADR) shares experience a massive surge of over 56% during intraday trading on Wall Street. This sudden jump, fueled by high investor buying and substantial trading volumes, has left many wondering what could be behind this unexpected rise.
Trading volumes for Infosys ADR shares skyrocketed to over 3,500,000, a significant increase from the average of around 300,000 seen in previous market sessions. This spike in volume, combined with the lack of a specific trigger, suggests that technical factors may be at play, driving the stock's price to its intraday high of $30 apiece.
The rally of Infosys ADR shares comes amid a broader rebound in US-listed technology stocks as the year draws to a close. This momentum, driven by investor interest, could be a key factor in the stock's recent performance. As of the latest update, Infosys ADR was trading 7.81% higher at $20.54, compared to its previous market close of $19.18.
Infosys ADR has provided investors with over 37% returns over the last five years. However, it has faced challenges in the short term, losing over 15% in the last year and 12.99% on a year-to-date basis in 2025.Despite these challenges, the stock has shown resilience, rising 6.29% in the last one-month period and trading 2.94% higher in the last five market sessions on the NYSE.
Remember, this is a market perspective and not a prediction. Investors should always do their own research and consult with certified financial experts before making any investment decisions.
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