Reliance Power Share: Anil Ambani's company snaps losing streak; stock jumps 18% intraday

In a stock exchange filing, Reliance Power said it is preparing to enter the artificial intelligence (AI) and emerging technology businesses through its subsidiaries. To support this move, the company has made the necessary changes to its business framework. The objectives of its subsidiaries have been amended to include AI- and technology-based services. $RPOWER Share Price Surge: Shares of Anil Ambani Group's Reliance Power witnessed a sharp rally on Wednesday, July 1. In early trade, the stock surged more than 18% to hit an intraday high of Rs 29.40. The rally ended the stock's four-session losing streak. Following the sharp upmove, the biggest question is: what triggered this rally?