Infosys ADRs Slump 6% In Session After 56% Spike

Infosys Ltd.'s American Depository Receipts slumped 6% on Monday, in the session after the ADRs had unusually peaked intraday by around 56%. The decline erases all the gains which the ADRs logged since Friday, when their value touched an intraday peak of $30.

At 11:47 am (EST), the ADRs were trading 6.16% lower at $18.98. This is lower than the opening price on Friday — the day when the ADRs skyrocketed in a mysterious manner.

There was no immediate reason attributable to the 6% plunge on Monday, but it seems further cooling-off after the extraordinary spike seen during the preceding session.

On Friday, the ADRs had settled at $20.22, with relatively lower gains as compared to the intraday surge of over 50%. The unusual spike had led to trading in Infosys' scrip being briefly halted twice at the New York Stock Exchange.

Subsequently, on Saturday, Infosys informed the exchanges that it had no price-sensitive information to disclose.

"The Company has observed volatility in the price of its American Depositary Receipt on the New York Stock Exchange on December 19, 2025, which resulted in two Volatility Trading Pauses being triggered by NYSE. In this regard, the Company hereby clarifies that there are no material events that require disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," the Indian IT major stated in a regulatory filing.

The unusual spike in ADRs on Friday could be a result of technical glitch, but some kind of short squeeze was also likely at play, Kranthi Bathini, director - equity strategy at WealthMills Securities Ltd. told NDTV Profit.

Meanwhile, Infosys shares at the Mumbai-based National Stock Exchange rose on Monday. The scrip settled 2.89% higher at Rs 1,686 apiece on the NSE, compared to a 0.79% rise in the benchmark Nifty 50.