Representative imageThe sudden surge pushed the American Depositary Receipts (ADRs) to a 52-week high of $30 and forced the New York Stock Exchange to halt trading due to extreme volatility, according to ET. The sharp move took place during a low-liquidity holiday session and was not linked to any new announcement from the company.Why did the rally raise eyebrows?The speed and scale of the rise caught traders off guard because there was no obvious trigger. Analysts pointed out that such extreme swings are u ...

"The "mystery" behind the move appears to be rooted in a bizarre technical glitch involving ticker mapping. In the days leading up to the surge, several prominent financial data providers—including Zacks Investment Research and MarketBeat—began erroneously identifying the "INFY" ticker as "American Noble Gas Inc." in their automated reports," it said in a report."While the financial metrics and news headlines attached to the ticker still referenced Infosys’s massive AI investments and $75 billion market ca ...

The Short squeeze fears resurfaceOne explanation widely cited in the market was a short squeeze. Such moves occur when a stock price rises sharply over a short period, forcing investors who had bet against the shares to buy them back at higher prices to limit losses. That urgent buying adds to demand, pushing prices higher and triggering further short covering in a self-reinforcing cycle.Traders cited by Moneycontrol said that a major lender had recalled 45–50 million Live EventsA technical glitch adds fue ...