NewsStocksRRP Semiconductor Refutes Sachin Tendulkar Association Amid Extraordinary Stock RallyRRP Semiconductor Refutes Sachin Tendulkar Association Amid Extraordinary Stock Rally
RRP Semiconductor has issued a clarification regarding rumors of cricket legend Sachin Tendulkar's involvement with the company. The firm stated that Tendulkar has never owned shares, held a board position, or served as a brand ambassador. This comes as the company's stock price surged by 13,000% in one year, from Rs 10.00 to Rs 9,000.00. RRP acknowledged that its financial performance doesn't justify this increase. The company reported revenue of Rs 31.59 crore and profit of Rs 8.40 crore in its latest results. With 99% of shares locked-in until March 2026 and only 4,000 shares available for public trading, RRP is taking action against those spreading false information on social media.
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RRP Semiconductor , a company that has seen its stock price skyrocket by an astounding 13,000% in just one year, has issued a clarification regarding rumors of cricket legend Sachin Tendulkar's involvement with the firm. The company's statement comes in response to speculation that allegedly contributed to the stock's remarkable performance.
Key Clarifications
RRP Semiconductor has emphatically stated that:
- Sachin Tendulkar has never owned shares in the company
- Tendulkar does not hold any position on the company's board
- The cricket icon is not serving as a brand ambassador for RRP Semiconductor
Stock Performance and Financial Data
The company's stock has experienced an extraordinary price movement, surging from Rs 10.00 to Rs 9,000.00 in just ten months. However, RRP Semiconductor has acknowledged that its financial performance does not justify this sharp increase in share price.
| Metric | Previous Period | Latest Results |
|---|---|---|
| Revenue | Rs 38.00 lakh | Rs 31.59 crore |
| Profit | Rs 1.70 lakh loss | Rs 8.40 crore profit |
| PE Ratio | - | 1,764.00 |
| Industry Average PE | - | 73.33 |
Stock Liquidity and Lock-in Period
The company disclosed that:
- 99% of its shares remain locked-in until March 2026
- Only 4,000 shares are currently available for public trading
Company's Response
RRP Semiconductor has stated that it is initiating action against those responsible for spreading false information. The company emphasized that the circulation of misinformation by certain unscrupulous individuals on social media has been detrimental to both the company's reputation and that of Sachin Tendulkar.
Market Implications
This case highlights the potential for misinformation to significantly impact stock prices, especially for companies with limited public float. It underscores the importance of due diligence and verifying information before making investment decisions.
Investors are advised to exercise caution and rely on official company disclosures and regulatory filings when evaluating stocks, particularly those experiencing unusual price movements.
Historical Stock Returns for RRP Semiconductor
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.04% | +10.41% | +51.56% | +1,134.77% | +13,056.64% | +44,479.11% |
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