The 70,000% mirage: How BSE microcaps minting billions while regulators sleep

Observers question SEBI’s silence, as scrutiny remains heavy in the F&0 segment while enormous price inflation continues unchecked in the cash market

- MPOST BUREAU

On Dalal Street, a 20 per cent return in a year is respectable. A 100 per cent return is a multibagger. But a reality-defying phenomenon has taken hold in the obscured corners of the Bombay Stock Exchange where returns are not measured in doubles or triples but in tens of thousands of percentage points.

Data reviewed from November 2023 to October 2025 exposes a staggering list of over 70 companies that have delivered returns exceeding 1000 per cent in just two years. ‘The scale of these moves is so extreme that it suggests a complete breakdown of market surveillance.