AI deal sends used-phone trader soaring 3,661%, adds Rs 905 crore in investor wealth

In a dramatic market rally, shares of Inno Holdings, a company involved in the used mobile phone trade, surged 3,661 percent in a single trading session, adding an estimated Rs 905 crore to investor wealth after the firm announced a USD 3 million (about Rs 28 crore) agreement to build an artificial intelligence-powered sales agent system for its business. The stock’s rise was among the sharpest one-day gains seen in recent years and drew significant attention from investors and market watchers. The company said it had signed a Development Services Agreement with a Hong Kong-based AI service provider to create…