Infosys Limited Stock (NSE: INFY, NYSE: INFY): What Triggered the Sudden ADR Spike, Latest News, Analyst Targets, and the Road to Q3 FY26
Infosys ADRs on the NYSE surged 56% to an intraday high of $30 on Friday before trading was halted and the price fell back, closing up only mid-single digits. The spike did not appear in Infosys’ India-listed shares, which rose less than 1%. No company news explained the move, and trading volume was abnormally high. Market participants cited possible short squeeze mechanics or market-structure issues.