INNOVATE shares surge 20.73% intraday following successful conclusion of Erasmus+ funded innovation management project in adult education and VET sectors.

INNOVATE surged 20.73% intraday following the announcement of a breakthrough in high-efficiency lead smelting technology. The news highlighted a 30% production capacity increase, energy savings, and reduced emissions through advanced tilting design and automated controls, positioning the rotary furnace as a green, cost-effective solution for metal smelters. This innovation aligns with growing industry demand for sustainable and efficient production methods, likely driving immediate investor optimism. The other news events—related to an Erasmus+ project and India’s AI regulatory approach—were deemed less directly relevant to the stock’s sector-specific performance.