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Infosys, Wipro ADRs drop after Accenture cuts growth outlook
short by Jessica Rajan / on Friday, 19 June, 2026
Indian IT stocks' ADRs (American Depository Receipts) fell sharply after Accenture reported quarterly results and lowered the upper end of its annual revenue growth forecast to 4% from 5%. It flagged muted AI spending and revenue pressure in the Middle East. Infosys ADR dropped nearly 10% at $10.57 apiece, while Wipro ADR declined over 3% at $2.39 apiece.
read more at Moneycontrol