RRP Semiconductor’s 72,000% stock surge in 18 months turns unknown investor into billionaire

Rajendra Kamalakant Chodankar, practically unknown until a few months ago, has suddenly entered India’s billionaire club, thanks to an unbelievable rally in RRP Semiconductor Ltd. The stock has soared over 72,000% in just 18 months, turning what was once a low-key counter into one of the market’s most talked-about stories.

On October 31, the stock touched a fresh lifetime high of Rs 10,887 on the NSE, rising another 2% intraday and taking the company’s market capitalisation past Rs 14,000 crore. Chodankar holds 74.5% of RRP’s equity — around 1.01 crore shares — giving him an estimated net worth of over Rs 11,000 crore based on Friday’s intraday high.