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Stocks Of Indian Company, With Just 2 Workers, Shot Up 55,000% Over Something That It NEVER Manufactured!
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RRP Semiconductor Ltd.’s spectacular stock rally is making headlines, but the company isn’t what its name suggests.
There is an ongoing probe on the shocking share surge. (Representative Image)
The stock market can be full of surprises, but few stories are as bizarre as this one. An Indian company, RRP Semiconductor Ltd., has seen its stock soar by a mind-blowing 55,000% in just 20 months, all this while reportedly having just two employees. What makes the story even stranger is that, despite its name, the company does not manufacture semiconductors at all.
The sheer absurdity of such a small company seeing this kind of surge makes it one of the most surreal episodes in recent Indian stock market history.
Trading Restricted By Stock Exchanges
Trading in RRP Semiconductor Ltd. has now been restricted by stock exchanges. On the BSE, the stock’s page displays the notice, “Trading Restricted – on account of Surveillance Measure.” RRP Semiconductor has been placed under Stage 1 of the Long-term Additional Surveillance Framework and Stage 0 of the GSM framework, reported CNBC-TV18.
A 55,000% Rally That Defies Fundamentals
The over 55,000% in the 20 months till December 17 is by far the biggest gain worldwide among companies with a market value above $1 billion, reported Bloomberg. This is despite the company posting negative revenue in its latest financial results.
The jaw-dropping stock market story is also doing the rounds on Instagram. According to a reel, “Rs 10,000 invested in it would have grown to Rs 55 lakhs during this window.”
Name Change Sparks Frenzy
Until 2024, RRP was a little-known real estate firm called GV Trading and Agencies. Things changed when Rajendra Chodankar, the founder of RRP, struck a deal to take over GD Trading and Agencies by repaying a Rs 8 crore loan owed to its founders. Chodankar renamed the company RRP Semiconductor. That single word, semiconductor, proved to be a powerful magnet for retail investors.
As the reel explains, “The moment the word ‘semiconductor’ entered this company’s name, retail investors went crazy.”
The timing was perfect. Global chipmakers like NVIDIA were soaring, AI was dominating headlines and India had no listed pure-play semiconductor manufacturing companies. For many investors, this stock seemed like a rare entry point into a hot global theme.
Hype, Rumours, Star Power
Fuel was added by unverified claims swirling on social media, including false rumours of cricket great Sachin Tendulkar being associated with the company and talk of 100 acres of land being allotted.
The real driver of the dizzying rally lay elsewhere. According to September shareholding data, Chodankar and a few of his close associates hold over 90% of the shares, leaving very little free float in the market.
Myths Busted
The reel also busts the biggest myths outright. “The talks of Sachin Tendulkar, 100 acres of land, all of that is completely fake.”
The episode has become a cautionary tale for investors caught in the fear of missing out. The narrator says. “NVIDIA is up, AI is everywhere and India has no semiconductor stocks. But this is a classic example of that desperation being exploited.”
SEBI Launches Investigation
The Securities and Exchange Board of India (SEBI) has launched a probe into the company. The market regulator is examining the sharp rise in RRP’s shares for possible wrongdoing.
Delhi, India, India
December 20, 2025, 14:50 IST
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Indian equities paused on Wednesday after the previous session’s sharp surge triggered by the India–US trade agreement
Stock Market Today.
Sensex Today: Indian equities paused on Wednesday after the previous session’s sharp surge triggered by the India–US trade agreement. The pact, which reduced US tariffs on Indian goods to 18 per cent from 50 per cent, had buoyed sentiment and removed a major overhang, but markets turned cautious as traders booked profits.
A decline in information technology stocks further weighed on the mood.
At the open, the BSE Sensex was around 83,430, down 309 points or 0.37 per cent, while the Nifty 50 stood at 25,663, lower by 65 points or 0.25 per cent.
Broader markets also traded in the red, with the Nifty MidCap index slipping 0.48 per cent and the Nifty SmallCap index easing 0.18 per cent.
The Nifty IT index tumbled more than 5.5 per cent, led by losses in Persistent Systems, LTIMindtree, Infosys, HCL Tech, Coforge, TCS, Mphasis and Tech Mahindra.
Global cues
US markets ended lower overnight as investors rotated out of technology stocks into sectors more closely tied to economic recovery. The Dow Jones slipped 0.34 per cent, the S&P 500 declined 0.84 per cent, and the Nasdaq fell 1.43 per cent at the close.
Asian markets were mixed in early trade on Wednesday amid the absence of strong triggers. China’s CSI 300 index dropped 0.29 per cent, Hong Kong’s Hang Seng edged down 0.05 per cent, and Japan’s Nikkei lost 0.61 per cent. In contrast, South Korea’s Kospi rose 0.54 per cent.
In commodities, spot gold gained over 1 per cent to $5,002 per ounce, while spot silver advanced 0.69 per cent to $85.70 per ounce.
On the macro front, investors await the release of S&P Global/HSBC composite and services PMI final data for January from both India and Japan.
February 04, 2026, 09:13 IST
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Top stocks to buy today: Stock recommendations for February 4, 2026 – check list – The Times of India
Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today (February 4, 2026) are Indian Oil Corporation, Tata Elxsi, and IFCI. Let’s take a look:IOC – Trendline Breakout with Indicator ConfirmationBuy: ₹165–₹163 | Stop Loss: ₹159 | Target: ₹172Indian Oil Corporation (IOC) has formed a strong base near its 100-DEMA, which has acted as a reliable dynamic support in recent sessions. The stock has also delivered a decisive trendline breakout, indicating a potential shift in short-term momentum.On the indicator front, a bullish MACD crossover is visible, signalling strengthening upside momentum. The Stochastic Oscillator has reversed higher near the 30 zone without entering deep oversold territory, suggesting improving price strength and underlying buying interest.The confluence of 100-DEMA support, trendline breakout, MACD bullish crossover and stochastic reversal points towards a constructive setup with scope for further upside if the breakout sustains.TATA ELXSI – Alligator Breakout with Bullish MomentumBuy: ₹5,500–₹5,400 | Stop Loss: ₹4,900 (closing basis) | Target: ₹6,275 & ₹6,550 (1–3 months)TATA ELXSI has closed decisively above the Williams Alligator indicator, confirming a fresh uptrend and improvement in overall price structure.Momentum indicators remain supportive, with DMI in bullish mode (+DI above −DI), indicating strengthening buying pressure and positive directional movement. Additionally, the MACD sustaining above the zero line reflects strong trend momentum and increases the probability of continued upside.This combination of Alligator breakout, bullish DMI structure and positive MACD trend suggests a trend-continuation setup with scope for further upside in the coming weeks.IFCI – Alligator Breakout & Retest ConfirmationBuy: ₹56–₹50 | Stop Loss: ₹46 (closing basis) | Target: ₹63.5 & ₹67 (1–3 months)IFCI has closed decisively above the Williams Alligator indicator and has successfully completed a retest of the breakout zone, confirming continuation of the emerging uptrend and strengthening bullish structure.The DMI has turned positive (+DI above −DI), indicating buyers are in control and directional momentum is favouring the upside. The MACD sustaining above the zero line further supports positive trend momentum and enhances the probability of further upside movement.The alignment of price breakout, retest confirmation and bullish indicators suggests a constructive medium-term setup with favourable risk-reward.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Net zero migration to the UK could shrink the economy and result in taxes rising to plug a funding shortfall, an influential economic think tank has warned.
The National Institute of Economic and Social Research (Niesr) said such a scenario would “put pressure on the public finances” in its latest economic outlook report.
Net migration figures show the difference between the number of people moving long-term to the country and the number of people leaving.
It would be net zero if the number of people leaving was equal to those arriving.
The latest official figures showed that net migration dropped to 204,000 in the year to June, down 69% year-on-year, and raising the possibility of Britain reaching net zero before the end of the decade, according to some forecasters.
Niesr, a research institute which is independent of party-political interests, said net zero migration would slow down employment growth and lead to a smaller proportion of working-age people, therefore resulting in lower tax revenues.
This would leave the government needing to raise taxes to plug a growing funding gap in the long tun.
Reduced tax revenues could also be met through higher borrowing, which would increase the budget deficit by around 0.8% of gross domestic product (GDP), equivalent to around £37 billion in today’s prices, by 2040, according to the analysis.
But if net migration stayed positive, a larger working-age population would broaden the tax base and help stabilise the debt to GDP ratio, Niesr said.
Stephen Millard, Niesr’s deputy director for macroeconomics, said: “Our analysis clearly shows that net zero migration would put pressure on the public finances and worsen the public debt outlook.
“Unlike Japan, the United Kingdom lacks the institutional and financial conditions to support a substantially higher debt ratio.
“We therefore recommend the Government makes a concerted effort to get public debt down, so it has room to respond to a sharp fall in migration or any other negative shock happening to the UK economy.”
Elsewhere in the latest report, Niesr lowered its outlook for UK economic growth in 2025.
It now expects GDP to be 1.4% for the year, down from the 1.5% it forecast in November.
The think tank predicts that the economy will slow to 1.3% in 2027 and 1.1% in 2028 as taxes rise and government spending growth falls.
It is also forecasting the rate of unemployment to rise to a peak of 5.5% in the second half of 2026, before gradually declining.
Meanwhile, Niesr said it was forecasting two cuts to interest rates this year, bringing them down to 3.25% by the end of 2026 as inflation falls.
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