RRP Semiconductor’s 55,000% Stock Surge Triggers SEBI Scrutiny: Inside India’s Most Puzzling “Chip” Rally
RRP Semiconductor shares surged over 55,000% in 20 months, rising from ₹15–₹20 to about ₹11,095 by December 2025, pushing its market value near ₹15,000 crore. SEBI has begun investigating the rally, while the BSE tightened trading rules. The company reported recent losses, negative revenue, and no active semiconductor manufacturing. Valuations reached extremes, with a negative P/E near -6,097 and a market-cap-to-sales ratio around 1,080.
