Used Phone Trader Sees 3,661% Surge After AI Deal, Boosts Investor Wealth by Rs 905 Crore

Market Rally: Inno Holdings Shares Surge 3,661 Percent After AI-Powered Sales Agent System Announcement

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 company said it had signed a Development Services Agreement with a Hong Kong-based AI service provider to create a platform that will automate key sales functions in its used mobile phone business. This platform will include customer acquisition tools, AI-driven product recommendations, sales conversion technology, and data analytics capabilities.

According to Inno Holdings, the used mobile phone market is at a turning point where AI-driven automation can create a competitive advantage. The company expects the technology to improve lead generation, pricing accuracy, and customer conversion rates while helping close transactions more efficiently.