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Nova Global Opportunities Fund PCC - Touchstone, the anchor investor in the SME segment, acquired additional 3.89 percent equity stake in AAA Technologies, the information technology and cyber security auditing &amp; consulting company, via open market transactions on October 31.

<a href="https://www.moneycontrol.com/india/stockpricequote/software/aaatechnologies/ATL">AAA Technologies</a> share price did not change much compared to previous session, declining just 0.06 percent to close the session at 93.33 on the NSE.

Nova Global Opportunities Fund PCC - Touchstone acquired 5 lakh shares (equivalent to 3.89 percent of paid-up equity) at Rs 93.95 per share, for Rs 4.69 crore.

As per the shareholding pattern of September 2025, Nova Global Opportunities Fund already held 4.65 percent stake (5.96 lakh shares) in AAA.

On other side, promoters - Anjay Ratanlal Agarwal, Kanak Anjay Agarwal, and Archana Anjay Agarwal sold 4.95 lakh shares in the IT company (3.86 percent stake) at same price for Rs 4.65 crore.

Meanwhile, brisk action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/engineering/affordableroboticautomation/ARA">Affordable Robotic &amp; Automation</a>, which gained 1.74 percent to Rs 254 amid high volumes. Promoter Milind Manohar Padole sold 1.6 lakh shares (1.42 percent) at Rs 248.8 per share for Rs 3.98 crore. However, Anantnath Skycon bought 1.45 lakh shares at same price for Rs 3.6 crore.

Gujarat-based chemical company <a href="https://www.moneycontrol.com/india/stockpricequote/speciality-chemicals/renolpolychem/RPL05">Renol Polychem</a>, too, was in focus, which saw a robust gap-opening, locking in 20 percent upper circuit for another session, closing at Rs 108 with robust volumes. Persistent Growth Fund Varsu India Growth Story Scheme 1, Compact Structure Fund, and Generational Capital Breakout Fund 1 each sold 48,000 equity shares in the company at Rs 108 per share for Rs 51.84 lakh.

However, Motta Hardik Kishor acquired 67,200 shares in Renol Polychem at Rs 107.62 per share for Rs 72.32 lakh, Marisha Hardik Motta bought 62,400 shares at Rs 107.95 per share for Rs 67.36 lakh, and Vaishaliben Mehulkumar Panchal 57,600 shares at Rs 108 per share for Rs 62.2 lakh.

Plastics packaging manufacturer <a href="https://www.moneycontrol.com/india/stockpricequote/packaging/hcpplastenebulkpack/GP03">HCP Plastene Bulkpack</a> shares corrected 0.18 percent to Rs 163.55 despite SKG Asset Management bought half a percent stake (55,000 shares) at Rs 150.55 per share for Rs 82.8 lakh.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Nova Global Opportunities Fund picks additional 3.89% stake in AAA Technologies, promoter sells 1.42% in Affordable Robotic

Nova Global Opportunities Fund PCC - Touchstone, the anchor investor in the SME segment, acquired additional 3.89 percent equity stake in AAA Technologies, the information technology and cyber security auditing &amp;amp; consulting company, via open market transactions on October 31.

AAA Technologies share price did not change much compared to previous session, declining just 0.06 percent to close the session at 93.33 on the NSE.

Nova Global Opportunities Fund PCC - Touchstone acquired 5 lakh shares (equivalent to 3.89 percent of paid-up equity) at Rs 93.95 per share, for Rs 4.69 crore.

As per the shareholding pattern of September 2025, Nova Global Opportunities Fund already held 4.65 percent stake (5.96 lakh shares) in AAA.

On other side, promoters - Anjay Ratanlal Agarwal, Kanak Anjay Agarwal, and Archana Anjay Agarwal sold 4.95 lakh shares in the IT company (3.86 percent stake) at same price for Rs 4.65 crore.

Meanwhile, brisk action was also seen in Affordable Robotic &amp;amp; Automation, which gained 1.74 percent to Rs 254 amid high volumes. Promoter Milind Manohar Padole sold 1.6 lakh shares (1.42 percent) at Rs 248.8 per share for Rs 3.98 crore. However, Anantnath Skycon bought 1.45 lakh shares at same price for Rs 3.6 crore.

Gujarat-based chemical company Renol Polychem, too, was in focus, which saw a robust gap-opening, locking in 20 percent upper circuit for another session, closing at Rs 108 with robust volumes. Persistent Growth Fund Varsu India Growth Story Scheme 1, Compact Structure Fund, and Generational Capital Breakout Fund 1 each sold 48,000 equity shares in the company at Rs 108 per share for Rs 51.84 lakh.

However, Motta Hardik Kishor acquired 67,200 shares in Renol Polychem at Rs 107.62 per share for Rs 72.32 lakh, Marisha Hardik Motta bought 62,400 shares at Rs 107.95 per share for Rs 67.36 lakh, and Vaishaliben Mehulkumar Panchal 57,600 shares at Rs 108 per share for Rs 62.2 lakh.

Plastics packaging manufacturer HCP Plastene Bulkpack shares corrected 0.18 percent to Rs 163.55 despite SKG Asset Management bought half a percent stake (55,000 shares) at Rs 150.55 per share for Rs 82.8 lakh.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/automobile-passenger-cars/hyundaimotorindia/HMI01">Hyundai Motor India</a> rose around 2 percent to its day's high on October 31, a day after the company released its results for the July-September quarter of the financial year 2026. This comes as brokerages issued bullish calls for the stock, boosting investor sentiment.

The shares of the company hit an intraday high of Rs 2,462 apiece, before paring some gains to close 0.7 percent higher in the green at Rs 2,430.70 apiece.

Hyundai Motor India Q2 Results:

Hyundai Motor India on October 30 reported consolidated net profit of Rs 1,572 crore for the second quarter of the financial year 2026, marking a 14 percent year-on-year (YoY) increase from the year-ago period as strong overseas demand for its vehicles helped overcome a decline in domestic car sales.

The carmaker's <a href="https://www.moneycontrol.com/news/business/earnings/hyundai-motor-india-q2-results-net-profit-rises-14-to-rs-1-572-crore-13642725.html">Q2 consolidated revenue</a> rose 1 percent YoY to Rs 17,461 crore. Hyundai continued to face pressure from slowing domestic demand in India, mirroring a broader industry trend that has seen carmakers post single-digit profit growth over the past five quarters. However, a GST cut, which was effective September-end, is expected to revive demand across board.

Motilal Oswal on Hyundai Motor India:

Motilal Oswal said that the firm's profit beat its estimate, aided by better-than-expected margins. "HMIL is well positioned to benefit from the premiumization trend in India, given its mix in favor of SUVs," it said. "We also believe that higher-than-expected operating costs for the new Pune plant will impact earnings for the near to medium term," it added.

The domestic brokerage reiterated its 'Buy' call on the stock, with a target price of Rs 2,801 per share. This implies an upside potential of more than 16 percent from the stock's previous closing price.

JM Financial on Hyundai Motor India:

JM Financial said that the company's EBITDA margin stood at 13.9 percent, beating its estimate by 80 bps due to richer product mix and cost-control measures. "The domestic PV industry outlook remains strong, supported by GST rationalisation, the 8th Pay Commission, repo rate cuts, and improved liquidity. HMIL expects their domestic volumes to grow in line with the industry," it added.

"While margin pressure may arise from higher ramp-up costs at Pune (labour and depreciation costs to be ~25% higher than the Chennai plant) and marginal commodity-linked inflation, management aims to offset this through a favourable mix, strong exports, and disciplined cost control," it added.

The domestic brokerage kept an 'Add' rating on the stock, with a target price of Rs 2,560 per share. This implies an upside potential of more than 6 percent from the stock's previous closing price.

HDFC Securities on Hyundai Motor India:

HDFC Securities maintained a 'Reduce' rating on the stock, with a target price of Rs 2,247 per share. This implies a downside potential of nearly 7 percent from the stock's previous closing price. "Management has highlighted higher near-term costs related to labor and manufacturing overheads until the new plant ramps up production. We believe this could partially reverse the recent EBITDA margin improvement over the next 2–3 quarters. While we remain positive on the PV industry over the medium term, led by GST rate rationalization, we are concerned about the company’s lack of aggression in the Indian market in terms of volumes and market share," it added.

International brokerages on Hyundai Motor India:

Jefferies said that the company beat estimates due to better margins. It added that export growth was strong, but noted that it is concerned about the company losing domestic passenger vehicle market share.

UBS said that new launches and robust SUV pipeline will improve product mix and margin expansion from FY27 onwards. Nomura meanwhile said that the company's market share will likely improve in H2 on new launches. It added that SUVs are expected to keep driving growth.

Hyundai Motor India share price history:

Hyundai Motor India shares rose more than 6 percent in the past five days, but fell nearly 6 percent in the past one month. The stock has risen over 42 percent in the past six months, and is up over 35 percent in 2025 so far.

Also read: <a href="https://www.moneycontrol.com/news/business/earnings/q2-results-2025-live-updates-maruti-suzuki-bel-vedanta-bpcl-bank-of-baroda-shriram-finance-gail-patanjali-foods-q2-earnings-dividend-share-price-oct-31-liveblog-13644648.html">Our LIVE blog on Q2 earnings updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Hyundai Motor India shares rise up to 2% as brokerages remain bullish post Q2 results

The shares of Hyundai Motor India rose around 2 percent to its day's high on October 31, a day after the company released its results for the July-September quarter of the financial year 2026. This comes as brokerages issued bullish calls for the stock, boosting investor sentiment.

The shares of the company hit an intraday high of Rs 2,462 apiece, before paring some gains to close 0.7 percent higher in the green at Rs 2,430.70 apiece.

Hyundai Motor India Q2 Results:

Hyundai Motor India on October 30 reported consolidated net profit of Rs 1,572 crore for the second quarter of the financial year 2026, marking a 14 percent year-on-year (YoY) increase from the year-ago period as strong overseas demand for its vehicles helped overcome a decline in domestic car sales.

The carmaker's Q2 consolidated revenue rose 1 percent YoY to Rs 17,461 crore. Hyundai continued to face pressure from slowing domestic demand in India, mirroring a broader industry trend that has seen carmakers post single-digit profit growth over the past five quarters. However, a GST cut, which was effective September-end, is expected to revive demand across board.

Motilal Oswal on Hyundai Motor India:

Motilal Oswal said that the firm's profit beat its estimate, aided by better-than-expected margins. &quot;HMIL is well positioned to benefit from the premiumization trend in India, given its mix in favor of SUVs,&quot; it said. &quot;We also believe that higher-than-expected operating costs for the new Pune plant will impact earnings for the near to medium term,&quot; it added.

The domestic brokerage reiterated its 'Buy' call on the stock, with a target price of Rs 2,801 per share. This implies an upside potential of more than 16 percent from the stock's previous closing price.

JM Financial on Hyundai Motor India:

JM Financial said that the company's EBITDA margin stood at 13.9 percent, beating its estimate by 80 bps due to richer product mix and cost-control measures. &quot;The domestic PV industry outlook remains strong, supported by GST rationalisation, the 8th Pay Commission, repo rate cuts, and improved liquidity. HMIL expects their domestic volumes to grow in line with the industry,&quot; it added.

&quot;While margin pressure may arise from higher ramp-up costs at Pune (labour and depreciation costs to be ~25% higher than the Chennai plant) and marginal commodity-linked inflation, management aims to offset this through a favourable mix, strong exports, and disciplined cost control,&quot; it added.

The domestic brokerage kept an 'Add' rating on the stock, with a target price of Rs 2,560 per share. This implies an upside potential of more than 6 percent from the stock's previous closing price.

HDFC Securities on Hyundai Motor India:

HDFC Securities maintained a 'Reduce' rating on the stock, with a target price of Rs 2,247 per share. This implies a downside potential of nearly 7 percent from the stock's previous closing price. &quot;Management has highlighted higher near-term costs related to labor and manufacturing overheads until the new plant ramps up production. We believe this could partially reverse the recent EBITDA margin improvement over the next 2–3 quarters. While we remain positive on the PV industry over the medium term, led by GST rate rationalization, we are concerned about the company’s lack of aggression in the Indian market in terms of volumes and market share,&quot; it added.

International brokerages on Hyundai Motor India:

Jefferies said that the company beat estimates due to better margins. It added that export growth was strong, but noted that it is concerned about the company losing domestic passenger vehicle market share.

UBS said that new launches and robust SUV pipeline will improve product mix and margin expansion from FY27 onwards. Nomura meanwhile said that the company's market share will likely improve in H2 on new launches. It added that SUVs are expected to keep driving growth.

Hyundai Motor India share price history:

Hyundai Motor India shares rose more than 6 percent in the past five days, but fell nearly 6 percent in the past one month. The stock has risen over 42 percent in the past six months, and is up over 35 percent in 2025 so far.

Also read: Our LIVE blog on Q2 earnings updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of Bandhan Bank and DLF dropped in trade on October 31 after the July-September quarter results of the two companies failed to meet expectations. United Spirits shares meanwhile surged nearly 7 percent to hit a near four-month high of Rs 1,488 apiece.

Bandhan Bank shares tumbled more than 8 percent to trade at Rs 156.50 apiece, the lowest level seen by the stock in October this year. DLF shares fell over 2.5 percent to trade at Rs 757 apiece.

Bandhan Bank Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/bandhanbank/BB09">Bandhan Bank</a> on October 30 reported a net profit of Rs 112 crore for the second quarter of the financial year 2026. This marks an 88 percent year-on-year (YoY) fall from the Rs 937 crore net profit reported in the corresponding quarter of the previous financial year.

The private lender’s net interest income meanwhile dropped around 12 percent YoY to Rs 2,589 crore in Q2 FY26, from Rs 2,934 crore in Q2 FY25. Its <a href="https://www.moneycontrol.com/news/business/earnings/bandhan-bank-q2-results-net-profit-plunges-88-to-rs-112-crore-nii-drops-12-13643251.html">asset quality also deteriorated</a>, with net non-performing assets (NPA) rising nearly 14 percent YoY to Rs 1,843 crore.

Gross NPA rose nearly 15 percent YoY to Rs 7,015 crore, while gross NPA ratio increased to 5.02 percent. Net NPA ratio increased to 1.37 percent in Q2 FY26, from 1.29 percent in Q2 FY25. Its return on assets decreased to 0.06 percent during the quarter under review.

Nomura on Bandhan Bank:

Nomura held a ‘Neutral’ call on the stock, with a target price of Rs 170 per share. This implies a marginal downside potential from the stock’s previous closing price of Rs 170.58 apiece. The international brokerage said that the bank reported weak earnings with soft NIM and weaker asset quality.

It has cut the lender’s FY26-28 EPS estimates by 13-38 percent. It added that the loan growth was driven by secured assets.

CLSA on Bandhan Bank:

CLSA has downgraded Bandhan Bank shares from ‘Buy’ to ‘Accumulate’, while cutting its target price to Rs 190 apiece. This implies an upside potential of more than 11 percent from the stock’s previous closing price.

The international brokerage said that said the lender's net interest income and pre-provision operating (PPOP) were weak and credit costs were high, while adding that NIM has likely bottomed and will recover in the financial year 2027, CNBC-TV18 reported.

DLF Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/dlf/D04">DLF</a> on October 30 reported a net profit of Rs 1,180 crore for Q2 FY26. This marks a 14.55 percent YoY decline from the Rs 1,381 crore net profit reported in the same period of the previous financial year. The firm’s revenue from operations meanwhile fell nearly 17% YoY to Rs 1,643 crore.

DLF, which is India's largest realty firm by valuation, has reported its <a href="https://www.moneycontrol.com/news/business/real-estate/dlf-q2-results-net-profit-rises-54-qoq-to-rs-1-180-crore-yearly-profits-dips-14-13643536.html">consolidated income</a> at Rs 2,261.80 crore at the end of Q2FY26. The company’s EBITDA stood at Rs 902 crore.

The company said that its new sales bookings for the second quarter stood at Rs 4,332 crore, driven by the successful maiden launch in Mumbai – The Westpark and continued healthy momentum in the super-luxury segment.

Morgan Stanley on DLF:

Morgan Stanley kept an ‘Overweight’ call on the stock, with a target price of Rs 900 per share. This implies an upside potential of nearly 16 percent from the stock’s previous closing price.

The international brokerage said that the firm’s Q2 pre-sales beat estimates.

Jefferies on DLF:

Jefferies kept a ‘Buy’ call on DLF, with a target price of Rs 1,000 per share. This implies an upside potential of nearly 29 percent from the stock’s previous closing price.

The international brokerage said that the real estate developer’s Q2 pre-sales beat estimates on Mumbai project sell-out and strong Dahlias sales. Revenue missed estimate as project recognition was deferred.

United Spirits Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/breweriesdistilleries/unitedspirits/US">United Spirits</a> reported a net profit of Rs 464 crore for Q2 FY26. This marks a 36 percent YoY rise from the Rs 341 crore net profit reported in the same period of the previous financial year. The firm’s revenue from operations meanwhile grew 8 percent YoY to Rs 7,199 crore.

The alcoholic beverage-maker said that its net sales value (NSV) grew 11.6 percent to Rs 3,173 crore, with reported EBITDA growing 31.5 percent to Rs 660 crore.

Also read: <a href="https://www.moneycontrol.com/news/business/earnings/q2-results-2025-live-updates-maruti-suzuki-bel-vedanta-bpcl-bank-of-baroda-shriram-finance-gail-patanjali-foods-q2-earnings-dividend-share-price-oct-31-liveblog-13644648.html">Our LIVE blog on Q2 updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Q2 Results impact: Bandhan Bank, DLF shares fall up to 8%, United Spirits hits 4-month high

The shares of Bandhan Bank and DLF dropped in trade on October 31 after the July-September quarter results of the two companies failed to meet expectations. United Spirits shares meanwhile surged nearly 7 percent to hit a near four-month high of Rs 1,488 apiece.

Bandhan Bank shares tumbled more than 8 percent to trade at Rs 156.50 apiece, the lowest level seen by the stock in October this year. DLF shares fell over 2.5 percent to trade at Rs 757 apiece.

Bandhan Bank Q2 Results:

Bandhan Bank on October 30 reported a net profit of Rs 112 crore for the second quarter of the financial year 2026. This marks an 88 percent year-on-year (YoY) fall from the Rs 937 crore net profit reported in the corresponding quarter of the previous financial year.

The private lender’s net interest income meanwhile dropped around 12 percent YoY to Rs 2,589 crore in Q2 FY26, from Rs 2,934 crore in Q2 FY25. Its asset quality also deteriorated, with net non-performing assets (NPA) rising nearly 14 percent YoY to Rs 1,843 crore.

Gross NPA rose nearly 15 percent YoY to Rs 7,015 crore, while gross NPA ratio increased to 5.02 percent. Net NPA ratio increased to 1.37 percent in Q2 FY26, from 1.29 percent in Q2 FY25. Its return on assets decreased to 0.06 percent during the quarter under review.

Nomura on Bandhan Bank:

Nomura held a ‘Neutral’ call on the stock, with a target price of Rs 170 per share. This implies a marginal downside potential from the stock’s previous closing price of Rs 170.58 apiece. The international brokerage said that the bank reported weak earnings with soft NIM and weaker asset quality.

It has cut the lender’s FY26-28 EPS estimates by 13-38 percent. It added that the loan growth was driven by secured assets.

CLSA on Bandhan Bank:

CLSA has downgraded Bandhan Bank shares from ‘Buy’ to ‘Accumulate’, while cutting its target price to Rs 190 apiece. This implies an upside potential of more than 11 percent from the stock’s previous closing price.

The international brokerage said that said the lender's net interest income and pre-provision operating (PPOP) were weak and credit costs were high, while adding that NIM has likely bottomed and will recover in the financial year 2027, CNBC-TV18 reported.

DLF Q2 Results:

DLF on October 30 reported a net profit of Rs 1,180 crore for Q2 FY26. This marks a 14.55 percent YoY decline from the Rs 1,381 crore net profit reported in the same period of the previous financial year. The firm’s revenue from operations meanwhile fell nearly 17% YoY to Rs 1,643 crore.

DLF, which is India's largest realty firm by valuation, has reported its consolidated income at Rs 2,261.80 crore at the end of Q2FY26. The company’s EBITDA stood at Rs 902 crore.

The company said that its new sales bookings for the second quarter stood at Rs 4,332 crore, driven by the successful maiden launch in Mumbai – The Westpark and continued healthy momentum in the super-luxury segment.

Morgan Stanley on DLF:

Morgan Stanley kept an ‘Overweight’ call on the stock, with a target price of Rs 900 per share. This implies an upside potential of nearly 16 percent from the stock’s previous closing price.

The international brokerage said that the firm’s Q2 pre-sales beat estimates.

Jefferies on DLF:

Jefferies kept a ‘Buy’ call on DLF, with a target price of Rs 1,000 per share. This implies an upside potential of nearly 29 percent from the stock’s previous closing price.

The international brokerage said that the real estate developer’s Q2 pre-sales beat estimates on Mumbai project sell-out and strong Dahlias sales. Revenue missed estimate as project recognition was deferred.

United Spirits Q2 Results:

United Spirits reported a net profit of Rs 464 crore for Q2 FY26. This marks a 36 percent YoY rise from the Rs 341 crore net profit reported in the same period of the previous financial year. The firm’s revenue from operations meanwhile grew 8 percent YoY to Rs 7,199 crore.

The alcoholic beverage-maker said that its net sales value (NSV) grew 11.6 percent to Rs 3,173 crore, with reported EBITDA growing 31.5 percent to Rs 660 crore.

Also read: Our LIVE blog on Q2 updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Dalal Street thrives on surprises, but few have been as dramatic as the sudden rise of Rajendra Kamalakant Chodankar. Once an obscure name in market circles, Chodankar has found himself vaulted into India’s billionaire ranks thanks to an astonishing rally in RRP Semiconductor Ltd. This stock has surged more than 66500 percent in the last 18 months.

On October 30, the stock scaled a fresh peak of Rs 10,673 on the BSE, gaining 2 percent intraday and propelling the company’s market value beyond Rs 14,541 crore. Chodankar, who holds 74.5 percent of the company’s equity — roughly 1.02 crore shares — now commands wealth in excess of Rs 9,000 crore.

What makes this rise even more intriguing is that he is not listed as a promoter at all. Instead, his name appears quietly under the retail shareholder category, a quirk that has only deepened the mystery.

<img class="alignnone size-full wp-image-13643982" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251031021524_rrp-semicon.png" alt="rrp semicon" width="700" height="700" />

Rumours Ignite, Company Scrambles

The spectacular rally has been fuelled not by blockbuster financials or a breakthrough technology, but by a storm of rumours swirling through market chats and social media.

Among them: claims that cricket legend Sachin Tendulkar had invested in the firm and whispers that the Maharashtra government had allotted it one hundred acres of land. Both, the company says, are pure fiction. It has publicly clarified that Tendulkar has no association with RRP and no land allotment has been received.

Another narrative suggested government-linked chip orders under India’s semiconductor mission and exports worth Rs 6.15 crore. That too has been shot down. In a rare admission, the company conceded that its fundamentals do not justify a rise from Rs 10 to near Rs 10,000 a share.

Adding to the drama, nearly 99 percent of the stock is locked up until March 31, 2026 — leaving just about four thousand shares actually available for trading. The wafer-thin float has created a playground ripe for speculation, and the company alleges “unethical” manipulation is at work. Legal action is being initiated against those spreading falsehoods and exploiting both the company’s name and Tendulkar’s reputation, the company added.

A Quiet Corner Office, Now a Headline Name

RRP Semiconductor operates out of an unassuming industrial address in Navi Mumbai. According to its annual report, Chodankar was appointed a non-executive additional director and had extended up to Rs 8 crore in loans to the firm in FY25 at eight percent interest.

In May 2024, shareholders cleared a plan to issue over one crore shares to him at Rs 12 each — effectively handing him 74.5 percent of the expanded equity. Of this, Rs 6 crore was adjusted against existing loans, with the remainder paid in cash. That low-cost allotment has since turned into one of the most sensational paper gains the Indian market has ever seen.

From Niche Trader to Chip Dreamer

Until recently, the company was known as G D Trading &amp; Agencies, modestly dealing in electronic components. But with India’s semiconductor ambitions gathering pace, the firm rebranded and reset its mission to ride the national chip wave. Its filings cite the country’s surging electronics demand, policy support and production-linked incentives.

At the same time, it openly acknowledges the realities of the semiconductor business — volatile supply chains, global tensions, rapid tech cycles and significant research and development costs that have tripped even global titans.

Strip away the stock-market spectacle and the numbers tell a calmer story. Revenue jumped to Rs 31.6 crore in FY25 from Rs 38 lakh a year earlier, while net profit swung to Rs 8.47 crore from a minor loss of Rs 1.7 lakh. But momentum has wavered: the June 2025 quarter recorded no revenue at all, compared with Rs 6 crore in the March period, though losses narrowed to Rs 29 lakh from Rs 1.6 crore.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before making any investment decisions.

Rumour-fuelled rally sends RRP Semiconductor up 66,500%; Rajendra Chodankar turns billionaire

Dalal Street thrives on surprises, but few have been as dramatic as the sudden rise of Rajendra Kamalakant Chodankar. Once an obscure name in market circles, Chodankar has found himself vaulted into India’s billionaire ranks thanks to an astonishing rally in RRP Semiconductor Ltd. This stock has surged more than 66500 percent in the last 18 months.

On October 30, the stock scaled a fresh peak of Rs 10,673 on the BSE, gaining 2 percent intraday and propelling the company’s market value beyond Rs 14,541 crore. Chodankar, who holds 74.5 percent of the company’s equity — roughly 1.02 crore shares — now commands wealth in excess of Rs 9,000 crore.

What makes this rise even more intriguing is that he is not listed as a promoter at all. Instead, his name appears quietly under the retail shareholder category, a quirk that has only deepened the mystery.



Rumours Ignite, Company Scrambles

The spectacular rally has been fuelled not by blockbuster financials or a breakthrough technology, but by a storm of rumours swirling through market chats and social media.

Among them: claims that cricket legend Sachin Tendulkar had invested in the firm and whispers that the Maharashtra government had allotted it one hundred acres of land. Both, the company says, are pure fiction. It has publicly clarified that Tendulkar has no association with RRP and no land allotment has been received.

Another narrative suggested government-linked chip orders under India’s semiconductor mission and exports worth Rs 6.15 crore. That too has been shot down. In a rare admission, the company conceded that its fundamentals do not justify a rise from Rs 10 to near Rs 10,000 a share.

Adding to the drama, nearly 99 percent of the stock is locked up until March 31, 2026 — leaving just about four thousand shares actually available for trading. The wafer-thin float has created a playground ripe for speculation, and the company alleges “unethical” manipulation is at work. Legal action is being initiated against those spreading falsehoods and exploiting both the company’s name and Tendulkar’s reputation, the company added.

A Quiet Corner Office, Now a Headline Name

RRP Semiconductor operates out of an unassuming industrial address in Navi Mumbai. According to its annual report, Chodankar was appointed a non-executive additional director and had extended up to Rs 8 crore in loans to the firm in FY25 at eight percent interest.

In May 2024, shareholders cleared a plan to issue over one crore shares to him at Rs 12 each — effectively handing him 74.5 percent of the expanded equity. Of this, Rs 6 crore was adjusted against existing loans, with the remainder paid in cash. That low-cost allotment has since turned into one of the most sensational paper gains the Indian market has ever seen.

From Niche Trader to Chip Dreamer

Until recently, the company was known as G D Trading &amp;amp; Agencies, modestly dealing in electronic components. But with India’s semiconductor ambitions gathering pace, the firm rebranded and reset its mission to ride the national chip wave. Its filings cite the country’s surging electronics demand, policy support and production-linked incentives.

At the same time, it openly acknowledges the realities of the semiconductor business — volatile supply chains, global tensions, rapid tech cycles and significant research and development costs that have tripped even global titans.

Strip away the stock-market spectacle and the numbers tell a calmer story. Revenue jumped to Rs 31.6 crore in FY25 from Rs 38 lakh a year earlier, while net profit swung to Rs 8.47 crore from a minor loss of Rs 1.7 lakh. But momentum has wavered: the June 2025 quarter recorded no revenue at all, compared with Rs 6 crore in the March period, though losses narrowed to Rs 29 lakh from Rs 1.6 crore.

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<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/mtartechnologies/MT15">MTAR Technologies</a> share price hits 52-week high, rising 3 percent in the early trade on October 31 following the company received an international order from the existing customer.

At 09:20am, MTAR Technologies was quoting at Rs 2,540.00, up Rs 73.55, or 2.98 percent, hitting a 52-week high of Rs 2,570.35, on the BSE.

"..... received an orders worth USD 29.95 million (Rs 263.54 crore approximately) which is to be executed in next one-year.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-hints-a-muted-start-us-markets-fall-asia-trades-higher-liveblog-13643878.html">Catch all the market action on our live blog</a>

The meeting of board of director of the company will be held on November 5, 2025 to consider and approve the un-audited financial results standalone and consolidated for the quarter and half year ended September 30, 2025 and scheme of arrangement.

Earlier in this month the company received an orders worth USD 7.6 million (Rs 67.16 crore), to be executed in by June 2026.

The market capitalisation of the company stands at Rs 7,812.94 crore.

MTAR Technologies shares hit 52-week high on winning international order

MTAR Technologies share price hits 52-week high, rising 3 percent in the early trade on October 31 following the company received an international order from the existing customer.

At 09:20am, MTAR Technologies was quoting at Rs 2,540.00, up Rs 73.55, or 2.98 percent, hitting a 52-week high of Rs 2,570.35, on the BSE.

&quot;..... received an orders worth USD 29.95 million (Rs 263.54 crore approximately) which is to be executed in next one-year.

Catch all the market action on our live blog

The meeting of board of director of the company will be held on November 5, 2025 to consider and approve the un-audited financial results standalone and consolidated for the quarter and half year ended September 30, 2025 and scheme of arrangement.

Earlier in this month the company received an orders worth USD 7.6 million (Rs 67.16 crore), to be executed in by June 2026.

The market capitalisation of the company stands at Rs 7,812.94 crore.

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MTAR Technologies shares hit 52-week high on winning international order

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MTAR Technologies shares hit 52-week high on winning international order

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