Infosys ADR Shares, April 17 -- India's second-largest IT firm, Infosys Ltd's American Depository Receipt (ADR) shares dropped more than 4 per cent to $15.68 on the New York Stock Exchange (NYSE) after Wall Street opened on Thursday, April 17.

The Infosys ADR shares were down over 4 per cent at the US market open to $15.68 apiece, compared to $16.58 at the previous stock market close. The company announced a fall in net profit in its fourth quarter results after the stock markets closed in India.

As of 12:36 p.m. (EDT), Infosys ADR shares were trading 1.96 per cent lower at $16.25. The shares recovered some of its intraday losses which were witness after the Wall Street open in the early market session.

ADR shares are tools that foreig...