RRP Semiconductor becomes world’s fastest-rising stock:₹15 share jumps to ₹11,095 in 20 months; trading curbed

An extraordinary development in the Indian stock market has drawn global attention. Shares of RRP Semiconductor have surged nearly 793 times—over 79,000%—in just 20 months, making it the fastest-rising stock in the world currently. In April 2024, the company’s share price was just ₹15. By November this year, it had climbed to a 52-week high of ₹11,902, before closing at ₹11,095 on December 15. Following this unprecedented rally, market regulator the Securities and Exchange Board of India (Sebi) has launched an investigation, while the BSE has placed the stock under strict surveillance. As a result, the stock is now permitted to trade only one day a week, with a 1% price band. From its peak, the share price has declined by about 6%. According to the latest BSE data, the stock sees an average weekly trading volume of just 19 shares, highlighting extremely low liquidity. Three Key Reasons Behind the Surge Notably, the meteoric rise in RRP Semiconductor’s share price is not supported by strong business fundamentals. Instead, the rally appears to be driven by speculation, hype, and thematic investing. Weak Financials Raise Red Flags SEBI’s scrutiny is also driven by the company’s poor financial performance. RRP Semiconductor reported a turnover of only ₹2.11 lakh, while in the July–September 2025 quarter, it incurred a loss of over ₹7 crore. Despite this, its market capitalization stood at approximately ₹15,116 crore before trading restrictions were imposed. Sachin Tendulkar Event Sparked Investment Rumors In September 2024, Maharashtra Chief Minister Devendra Fadnavis and cricket legend Sachin Tendulkar attended the inauguration of the company’s electronics unit. This event sparked widespread speculation on social media that Tendulkar had invested heavily in the company and that it had received land from the Maharashtra government—claims that were later officially denied by RRP Semiconductor. The global rally in semiconductor stocks also helped draw investor interest toward the company. However, in multiple disclosures to stock exchanges, RRP has clarified that it has not commenced semiconductor manufacturing, has not applied under any government incentive scheme, and has no links with any celebrities. Only Two Employees, Nearly Total Promoter Control RRP’s current structure took shape in April 2024, when Rajendra Chodankar acquired GD Trading and Agencies, a company with just two employees. As part of the acquisition, the founders’ debt of ₹8 crore was converted into equity, giving Chodankar a 74.5% stake in the company. The board subsequently approved the allotment of shares to Chodankar and a few others at ₹12 per share, around 40% below the prevailing market price. Following this restructuring, GD Trading and Agencies was renamed RRP Semiconductor. Today, nearly 98% of the company’s shares are held by Chodankar and individuals closely associated with him, leaving only a tiny portion available for public trading. RRP Share Declines 2.97% in One Month RRP Semiconductor’s stock has slipped 2.97% over the past month. Despite this recent decline, the share has delivered extraordinary gains—529.75% in the last six months and 6,897.76% over the past year. On a year-to-date basis, the stock is up 5,881.11%. The company’s shares were trading normally until December 15, after which they came under regulatory scrutiny. Trading is currently restricted as the stock remains under investigation. ​