The New York Stock Exchange (NYSE) has stopped halted the trading of Infosys‘ American Depository Receipts (ADRs) after it surged 40% to $26.62 on Friday, according to a CNBC-TV18 report.
Meanwhile, Wipro ADRs jumped over 7% to hit $3.07 on the NYSE.
While it was the third successive day of rally for Infosys’ ADRs, the spike has been significant since Accenture beat Wall Street expectations for first-quarter revenue on Thursday.
The Infosys ADRs rallied over 5% on Thursday and 2.5% on Wednesday, according to Investing.com data.
More to come…
