A staggering jump of 60,000%
On April 2, 2024, the stock of RRP Semiconductor (then GD Trading Agencies Ltd.) was at ₹15. On October 17, 2025, it reached ₹9,110 — that is, a 60,000% return. If someone had invested ₹1 lakh, it would have been worth more than ₹6 crore today. In January 2025 alone, the stock has given 4,800% returns. Given. But seeing the financial figures of the company comes as a shock.
Revenue: ₹0
Net Profit: ₹0
Operating Margin: ₹0%
ROE: ₹0%
Still its market cap is ₹12,411 crore!
After all, what does this company do?
GD Trading Agencies, started in 1980, changed its name to RRP Semiconductor Ltd. in May 2025. Kept it. Name changed, not business.
The company does not actually manufacture semiconductors, but shows activities related to electronics and IT by saying it is in the business of “Semiconductor and Digital Chips”. In the enthusiasm of the government’s “Semiconductor Mission” scheme, the company made this change and its fortunes changed with the name.
The news spread on social media that Sachin Tendulkar has invested in this company. The company itself issued a clarification “Neither Sachin’s investment, nor any 100 acre land deal with Maharashtra government.” Yet the stock continued to rise, meaning that this rise is only the result of “fake hype” and low float trading.
Close monitoring of BSE – ESM Stage-2
BSE has put it in Enhanced Surveillance Measure (ESM) Stage-2, which means that there is a possibility of manipulation in the exchange. These conditions are applicable when the stock has jumped more than 20% in a day. It has increased by more than 50% in 5 days. There is more volatility than historical standards.
RRP Semiconductor has broken all these limits.
Shareholding and low float mystery
Promoter Holding: Only 1.27%
Public Holding: 98.72%
Shareholders: 116 in June 2025 562 in September 2025
99% shares locked-in, meaning almost no free float in the market.
Daily volume less than 100 shares!
Even small purchases in low volumes take the stock to the 20% upper circuit.
This is called “Low Float Manipulation” on social media where some traders work together to drive the prices up.
The example of RRP Semiconductor shows when “name branding” and “dream story” become prominent in the market.
But such growth is not sustainable in any company without business, without sales and without profit.
As Warren Buffett says – “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” That is, invest money in solid businesses, not in applause-winning investments, otherwise the next shock can be very costly.
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