The Bombay Stock Exchange (BSE) has issued a cautionary alert to investors after observing an extraordinary rise in the share price of RRP Semiconductor Limited, which has jumped from Rs 15 in April 2024 to Rs 9,292.20 in October 2025.
The exchange said the sharp surge was not in line with the company’s financial performance, prompting it to place the stock under the Enhanced Surveillance Measures (ESM) framework.
Under the ESM framework, exchanges monitor stocks that show unusual price or volume movements not supported by fundamentals. The aim is to curb excessive speculation and protect retail investors from potential manipulation.
As part of these measures, RRP Semiconductor's shares will now be traded only on a trade-for-trade basis with a 2 percent price band, 100 percent margin requirement, and trading restricted to periodic call auctions with the same ±2 percent daily limit.
In a related development, the company recently issued a public clarification denying any association with former cricketer Sachin Tendulkar or any land allotment from the Maharashtra government, countering market rumours circulating online.
“The price movement is not commensurate with the financials of the company,” the BSE said, urging investors to exercise extreme caution while trading in the stock.
The exchange’s advisory comes amid heightened surveillance of small-cap and micro-cap companies that have witnessed sharp, unexplained rallies in recent months.
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