Overview
- BSE issued an investor alert on Tuesday urging extreme caution, saying the price movement is not commensurate with the company’s financials.
- RRP Semiconductor was placed under Enhanced Surveillance Measures with trade-for-trade settlement, a 2% daily price band, 100% margin, and trading via Periodic Call Auction.
- Despite the warning, the shares climbed about 2% in Diwali muhurat trading to settle near ₹9,478 the following day.
- The company filed a clarification denying any association with Sachin Tendulkar and dismissing claims of a 100-acre Maharashtra government land allotment.
- The stock’s 18‑month run from roughly ₹15 to above ₹9,000 swelled its market value to about ₹12,660 crore, with roughly 13,000% gains over the past year.