SEBI’s recent action in the RRP Semiconductor case highlights a familiar pattern of extreme price movement without underlying earnings, accompanied by coordinated participation and narrative-building.
The data is clear - Price moved from ₹15 to ₹11,900. Meanwhile,
Of the ~2452 companies listed on NSE -
Around 72% trade below ₹500 per share, with 34% of these trading below ₹100 per share.
This is not accidental.
Companies can now reduce issue IPO size by up to 50% without going through the entire refiling process. Earlier, the threshold was 20%.
On the surface, this looks like efficiency. In reality, it reflects a stressed primary market.
There’s ~₹1.7 lakh crore worth of IPO pipeline waiting.
He made money in trading. He built wealth only after he stopped depending on it.
Radhakishan Damani’s real inflection point wasn’t DMart. It was post the 1992 Harshad Mehta scam.
He realised a hard truth - Trading creates income. Investing creates wealth.