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After an unprecedented 40% surge on Friday, Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Monday to hit an intraday low of $18.78, snapping a three-session winning streak. The decline followed ADRs hitting a new 52-week high of $30 in the previous session, a move so volatile that the exchange was forced to […]
U.S.-traded shares of Infosys Ltd soared as much as 40% within minutes of Friday’s opening bell, briefly adding tens of billions of dollars to the Indian IT group’s market capitalization and prompting the New York Stock Exchange to halt trading, in a market dislocation that has focused attention on short selling, automated trading systems and […]
