Harshad Mehta – The Man Indian Stock Market Can Never Forget
"Scam 1992 – The Harshad Mehta Story" web series is spying everyone's interest. The story is based happening the book past Sucheta Dalal and Debashish Basu. The web series wonderfully portrays India's biggest financial scam that happened in 1992, the cay people up to his neck and other various factors that made a scam of this size pass off.
Harshad Mehta had various layers of personality. You may call him a scamster, windy, genius or whatever other name. But there would not be any other descent factor who enjoyed popularity as Harshad Mehta did. Harshad Mehta always wanted to make it big in the stock exchange and there is a dialogue in the series to apologize it "Risk hai to ishq hai" .
Play down and Gip
Belonging to the Gujarati class, doing business was in the blood of Harshad. The line
"Gujarati keliye dhanda dharam se bhi bada hota hai".
Yet, the method of doing business led to the downfall of Harshad Mehta. The scam is complex but to set out it just, Harshad Mehta took money from banks and was unable to return them when the stock exchange collapsed.
Some people view the scam with a viewpoint that Harshad Mehta was made the scapegoat piece other multitude deal that helium was the central digit of the scam. Harshad was a skilled fund picker and use to consider advantage of various cracks in the system to make big money from the stock market. The series depicts the raw emotions of Harshad Mehta and his thoughts about Dalal Street when he says that
"Ek baat yaad rakhna ye America Ka Wall Street nahi hai, Bombay ka Dalal Street hai, aur ye satta bazaar, yahan par bear ecological niche ya bull upar , poking lagtihai to aadmi zameen equation hi girta hai".
Leontyne Price Manipulator
Harshad Mehta was an influencer and used various means to manipulate the prices of stocks. His lines in the series "Ye market ka masala na char cheezo se banatahai, phela tip, khabar insider trading, research, ussme thoda risk mila, ab risk of exposure jitnajyada market ka masala utna teekha" reflects that he taken what IT of necessity to manage the prices of stocks.
Marketplace King
Furthermore, he believed himself to be the real food market king and always trusted his ability to manage Oregon manipulate the stock price. His confidence reflects in the known line of the vane series "Dekho mein cigarette nahi pocket bread, par jeb ME lighter zarur rakhtahu, dhamaka karne k liye." Looking what he achieved all away himself victimization all the properly and wrong means, it is unqualified that atomic number 2 was indeed the stock exchange king at that metre.
Only Profit Matters
To summaries the journey of Harshad Mehta, one matter is clear that only profit mattered to him. He knew what money can make people do and the major power of making profits. His credit line in the series "profit dikhta hai toh koi bhi jhukta hai" depicts his philosophy. Another line that genuinely depicts the character of Harshad was " Lala old school hoya new civilize, sabke school me ek subject common hota hai profit, aur womera favourite subject hai" .
However,in the end, the mess he made got beyond his control and when the market crashed He got trapped. His greed and over confidence took him down. He believed that he could overturn anything and that LED to his downfall.
Source: https://www.tradingfuel.com/harshad-mehta-scam-1992/
Posted by: fowleraccultoo85.blogspot.com
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