India’s RRP Semiconductor up 55,000% in 20 months; SEBI review after Nov. 7 peak

RRP Semiconductor surged 55,000% over twenty months and reached a valuation of $1.78 billion as of press time. The stock hit a high on Nov. 7, then fell 6% after SEBI began reviewing the rally and the exchange shifted trading to once a week. A tiny float, 149 straight limit-up sessions, and social buzz drove the move despite negative revenue and minimal operations.