Infosys ADRs Skyrocket 38%, Wipro Also Gains; IT Sector Surges Post-Accenture Results

• Infosys ADRs soared by up to 38%, hitting a 52-week high of $23.28 and currently trading at $23.98.
• Wipro's ADRs also saw a significant rise, gaining 6.6% alongside Infosys.
• The surge in Indian IT shares, including Infosys, Wipro, TCS, Tech Mahindra, and HCLTech, was driven by investor reaction to Accenture's strong first-quarter results.
• Despite the recent rally, Infosys's stock remains down approximately 16.06% over the past year.
• Infosys currently holds a market capitalization of approximately $75.91 billion.

Why It Matters: Infosys ADRs surged 38% and Wipro gained, boosting the IT sector after Accenture's results.