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Reliance Power shares soar 10%, snap 4-day losing streak. What’s triggering the sharp surge?

Reliance Power shares surged by 10% on a Wednesday, marking the end of a four-day decline. This rise followed the company's announcement to expand into artificial intelligence and technology-driven sectors through its subsidiaries. The renaming of four subsidiaries to align with this AI-focused strategy has positively influenced investor sentiment, despite the company's recent financial difficulties. This shift towards technology indicates a significant transformation in Reliance Power's business model, which could have broader implications for the industry.