Shares of Infosys Ltd. witnessed heightened activity on Monday following an unprecedented surge in the company’s American Depositary Receipts (ADRs) on Friday. Infosys shares touched a high of Rs 1,693 in early trade, marking their highest level since March 10, 2025, before settling at Rs 1,675, representing a gain of over 2% compared to Friday’s close of Rs 1,638.

The rally was triggered by Infosys ADRs on the NYSE, which jumped from approximately $19.17 to $30 within minutes of the opening bell. This extraordinary spike prompted multiple “Limit Up-Limit Down” (LULD) circuit breakers, temporarily halting trading as the market struggled to process the rapid price movement.

Despite the dramatic surge, Infosys confirmed in a regulatory filing that there were no material developments or corporate news to justify the price jump. The company stated that the volatility caused trading pauses but emphasized that there were no events requiring disclosure, leaving investors to attribute the movement to unusual market dynamics.

Also Read: ADR Report Flags 46% Bihar Ministers Facing Criminal Cases in Nitish Kumar’s New Cabinet

Currently, Infosys shares are trading at a Relative Strength Index (RSI) of 58, indicating neutral market sentiment. However, the stock has experienced a year-to-date decline of more than 10%, highlighting underlying pressure despite short-term volatility in the ADRs. Analysts continue to remain largely bullish on the stock.

According to Bloomberg data, out of 51 analysts tracking Infosys, 37 maintain a ‘buy’ rating, 12 suggest ‘hold,’ and only two recommend a ‘sell.’ The average 12-month consensus target implies a potential upside of 5.4%, signaling confidence in the company’s long-term fundamentals despite short-term market fluctuations.

Investors are advised to exercise caution in light of the unusual ADR-driven spike, focusing on the company’s fundamentals and long-term performance rather than short-lived trading anomalies. The incident underscores how global trading dynamics can occasionally overshadow domestic market realities, creating unexpected volatility.

Also Read: PM Modi Hosts Grand NDA Dinner, Shares Governance Mantras Ahead of Development Push