Infosys ADR falls 4.51 percent and underperforms rivals in mixed US trading
Updated
Updated · MarketWatch · Apr 27
Infosys ADR falls 4.51 percent and underperforms rivals in mixed US trading
14 articles · Updated · MarketWatch · Apr 27
Infosys ADR closed at $12.28 on Monday, marking its sixth straight day of losses and trading 59.07% below its 52-week high.
Trading volume reached 20.4 million, surpassing the 50-day average of 19.2 million, while competitors like Accenture, Oracle, and HP also posted smaller declines.
The drop came amid a mixed session for US markets, with the S&P 500 edging up and the Dow Jones slightly down, highlighting Infosys’s continued underperformance.
Is Infosys's slump a warning sign for India's entire IT sector?
Is Infosys a value trap or a deep-value buy at this 5-year low?
Why is Oracle thriving on AI while Infosys is faltering?
As global firms look beyond India, which country is the next tech hub?
Can traditional IT services survive when AI makes their business model obsolete?