Whalesbook
Ab market mein yeh chal kya raha hai? Sebi ko lagta hai ki kuch log milkar RRP Semiconductor ke share price ko artificial tarike se badha rahe hain, shayad kuch sham (fake) transactions karke. India mein semiconductor industry ko lekar jo hype hai, uss ka fayda utha kar yeh game khela ja raha tha. Market ka asli value bhool kar sirf speculation chal raha tha.
Wait, yeh company asal mein hai kya? RRP Semiconductor, pehle GD Trading and Agencies ke naam se jaani jaati thi. Sirf 19 mahine mein iska share price ₹15 se ₹10,887 tak pahaunch gaya, matlab 725% se zyada ka growth! Yeh sab tab hua jab company ke financials toh bilkul weak the. March 2026 tak company ki market cap lagbhag ₹13,500 Cr ho gayi thi, par revenue negative tha ₹0.82 Cr aur loss tha ₹9.17 Cr. Iska P/E ratio ek dum negative, -1,446.10 tha, jo dikhata hai ki share price aur company ki earning mein zameen aasman ka farq hai. Apni book value se 1,400 times zyada trade kar raha tha yeh stock! Itni volatility ke karan Bombay Stock Exchange ne pehle hi iske trading par roka laga di thi, jismein yeh hafta ek baar hi trade ho sakta tha.
Sebi jo probe kar rahi hai, woh April 2024 se October 2025 tak ke time ko cover kar rahi hai. Ismein pata chala hai ki kai entities ne artificial price movements aur shady tactics use kiye hain. Kuch naam bhi samne aaye hain jaise Ramesh Mishra aur Ira Mishra. Unke saath market intermediaries jaise Multiplier Share & Stock Advisors aur Pace Stock Broking Services bhi is jhanse mein shamil hain. Yeh sab bilkul waisa hi lag raha hai jaise Sadhna Broadcast case mein hua tha, jahan jhoothi online promotion karke share price badhaya gaya tha. Sebi apne advanced data analysis se yeh sab pakadti hai, toh poori checking ho rahi hai.
Company ke fundamentals aur stock price mein zameen aasman ka fark hai. Sirf do log kaam karte hain aur revenue negative hai, par market cap crores mein! Promoter ka shareholding bhi bahut kam, sirf 1.27% hai, aur zyada tar shares retail investors ke paas hain. Rajendra Chodankar ne early 2024 mein control liya tha discounted share issue karke, jisse purane shareholders ka hissa bahut kam ho gaya. Yeh semiconductor mission wala narrative, online buzz aur limited free float ne asli business operations ko chupaya. Is wajah se exchanges ne ise pehle hi enhanced surveillance mein rakha tha. Company ne yeh bhi saaf kiya hai ki unka kisi celebrity ya government program se koi connection nahi hai.
Sebi ka yeh action dikhata hai ki woh market manipulation ko rokne ke liye serious hai, khas kar jab bade retail investor interest wale sectors mein yeh ho raha ho. Sebi ki high-frequency trading cases mein bhi capability dikhi hai. Jaise jaise India ka financial market badh raha hai, aise extreme price gaps ko control karna bahut zaroori hai, jo aksar speculative stories aur intermediaries ki madad se hote hain. Sebi ka intermediaries par focus aur fraud ko rokne ka kaam investor confidence ke liye bahut important hai.