Under Rs 75: Micro-cap Semiconductor Company Hits Back-to-Back Upper Circuit for the Whole Week – Stock Gains Over 230 Per cent in Just 3 Months
The company’s shares have delivered a multibagger return of over 300 per cent to its shareholders in just 6 months.
This semiconductor company's stock was locked in the upper circuit for the entire week, from Monday, October 14, to today, October 18. For all five trading days during this period, the shares of this microcap company have remained at the upper circuit limit.
Incorporated in 1989, RRP Semiconductor Ltd is engaged in the semiconductor and digital chip industry. The company operates within the electronics, information, and technology sectors, focusing on the production and distribution of semiconductors and digital chips. Previously, the company was involved in the finance sector; however, it has identified opportunities in the semiconductor and digital chip industry and is now focusing exclusively on this particular niche.
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Looking at the share performance, at the start of the day's trading session, shares of RRP Semiconductor Ltd opened at Rs 70.64 per share, compared to the previous day's closing figure of Rs 69.26 per share on the BSE. The shares rallied around 2 per cent and hit upper circuit back-to-back today too and finally, the shares closed at Rs 70.64 per share. The company's current market capitalization stands at Rs 96.24 crore. Additionally, the company’s shares have delivered over 230 per cent multibagger return in the past 3 months only.
As per the Quarterly Results in June 2024, RRP Semiconductor Ltd recorded a revenue of Rs 5.11 crore. The operating profit reported by the company was Rs 1.68 crore. The net profit stood at Rs 1.68 crore compared to a loss of Rs 0.07 crore. Looking at the annual performance, the company generated a revenue of Rs 0.38 crore in FY24. The operating profit for FY24 was Rs 0.11 crore with a net loss of Rs 0.02 crore compared to a net loss of Rs 0.07 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.