Core Insights - The surge in Infosys's American Depositary Receipts (ADRs) was attributed to a technical glitch involving ticker mapping, where financial data providers mistakenly identified the "INFY" ticker as "American Noble Gas Inc." [1][8] - Despite the name mismatch, financial metrics still indicated Infosys's significant AI investments and a market cap of $75 billion, which likely confused automated trading algorithms, prompting them to buy and amplifying the price movement [2][8] - Infosys ADRs reached a 52-week high of $30, marking a 40% increase, leading to trading halts due to volatility [8] Company Performance - On Thursday, Infosys ADRs closed at approximately $19.18, and after the surge, they settled at $20.22, reflecting an increase of $1.04 or 5.42% with a trading volume of 118.7 million [3][6] - The company stated that there were no material events necessitating disclosure under the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 [7][8] Market Impact - The unusual trading activity of Infosys ADRs had a ripple effect on Wipro ADRs, which ended 7% higher at $3.06 after reaching a day's high of $3.09 [8]