4fathers of Indian Stock Market

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Atul Mehta

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Oct 1, 2009, 1:12:19 PM10/1/09
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<b>4fathers of Indian Stock Market </b>

If India had idealist dreamers like Rajiv Gandhi then it also had the
distinction of having creatures like V P Singh also. Rajiv Gandhi was
finally killed but not before he inspired & convinced the Congress to
give up their love for decayed and outdated concepts of Socialist
Model. Although Narsimha Rao proved corrupt like any other old
congressmen but at least he opted for ‘Glasnost & Perestroika’ in
India and made ManMohan Singh his Finance Minister, with his almost
free hand & total backing.

In the leadership of Singh a ‘new era’ was ushered in the Indian
Economic Policies during the last decade of previous century. Once he
put the ‘Economy on Rail’ then it was well managed by lesser qualified
people even, as was shown by Chidambaram, Jaswant Singh & Shourie
later. But two-stage devalution of Indian Rupee to kill the parallel
(Black) economy was something like a miracle, which was possible only
thru a genius like ManMohan only. I can still remember how much panic
was there in the Congress camp even, when Mr. Singh started
revolutionizing and revitalizing Indian Economy thru the series of his
innovative ideas, one after another. No one actually understood
economy in India including the reputed Economists belonging to ‘left
wing’. Each and every one of them was for the blood of Singh but did
not how to attack him or criticize him. The biggest savior (shield) of
Singh was his impeccable integrity and honesty. No one could stop
Singh to make it possible that India enter into the 21st century with
high head. Incidentally we have him again today as PM and find
Communists are forced to support him today to keep at the bay the
biggest enemy of India i.e. the RSS led Sangh Parivar or Shakuni
Parivar.

When Mr. Singh started playing his innings in the 90’s then Indian
Stock Market was unvisible in spite of having a century old presence
in this country. If BSE was the club of few greedy Gujaratis & Parsees
then Calcutta SE was the exclusive club of Marwari Gamblers only.
Whatever Singh was doing was not understood by the most shrwed brokers
of BSE & CSE even with the exception of a newcomer like Harshad Mehta
& his young associate Ashwin Shah. Everyone in India is aware of
Harshad Mehta but not many people have heard the name of Manu Manek,
who was having a title of ‘King Kobra’ in the stock market circles. He
was the chief of ‘Bear cartel’, which was ruling the stock market of
India with utter viciousness. They had so much clout that even Tatas &
Birlas could not afford to raise money from the Indian Capital market
without having a ‘node’ from them. Only Dheerubhai succeeded in
challenging them but that was only for one counter of his Reliance
Industries Limited. Ambani also fought a bitter battle with them
during late eighties, when they the ‘Bear Cartel’ wanted to make a
killing at the Reliance Counter thru Bear Hammering. But Dheerubhai
only proved their BAAP and gradually Bear Cartel gave up the idea to
tame Ambani, and India had the luck to witness a GIANT like Reliance
Industries Ltd today, at which every Indian can feel proud and not
only Mukesh,Anil, Neeta or Teena.

There can never be a Bull if there are no Bears in any Stock Market,
in the same manner as there can not be a day without night. Both are
exactly opposite but complimentary to each other (My Guru SSRS also
says that opposites are complimentary also). If Harshad had a pleasant
personality and charming smile on his lips then Manu Manek alias Black
Kobra or King Kobra had the dirtiest possible & most frightening looks
with a jet black thick skin with wide and heavy frame. If Harshad
liked to enjoy the lime light then ‘Manu Kobra’ was happy with
darkness only. He hated lime light therefore Indians are not aware of
him otherwise it was only a ‘Bloody Fight’ between Harshad and Bear
Cartel, which brought the abrupt end of ‘Nascent Harshad Age’ of India
during 1992.

Harshad may have lost the battle but not before exposing the Bear
Cartel of India, which had a vested interest in a weak & corrupt
economy than the strong & vibrant economy. Most of the people often
blame corrupt politicians and bureaucracy for the failure of India
during 1950 -1990, but it may be because of their ignorance or lack of
knowledge only. Indian Stock markets were perpetually ruled by the
Bear Cartels during these years, which has not only dampened the
enterprenurship spirit among Indians but also corrupted the Indian
Industry beyond imagination of anyone. Can any Greenspan ever imagine
the innovative frauds, which companies and stock market of India
designed and successfully implemented to cheat the investors till
today, when the SEBI i.e. Spoiled Baby of the Government has also
joined the game?

However, the four forefather of Modern Stock Market are undoubtedly
Ambani, Manu Manek, ManMohan & Harshad only, out of which only
ManMohan is alive today and became the PM of the nation by virtue of
his selfless service. Ambani provided the Capital, Harshad provided
the name, fame & range, Manu Manek provided it depth while the
recognition & integrity was provided by ManMohan & NarayanMurthy.

<b>4 Glamorous Stocks of Indian Bourses</b>

Amitabh is still Glamorous in 60’s & same is true with Hema Malini.
Film stars are glamorous when young but not every one can remain
popular at old age also barring a few. BJP is a party of fools, when
it is making mockery of itself by promoting Shoorpie like Uma Bharati
or Kaikayi like Sushma Swaraj at the dictates of idiots of RSS, in
spite of having the ‘Glamour Girl’ of yesteryears in their camp, whose
dedication for BJP and India is far superior than any Shoorpie,
Manthara or Kaikayi of this great Shakuni Parivar i.e. Sangh Parivar.
Hema Malini is very good dancer also but no one can expect her to
dance to the tunes of criminals and traitors manufactured in the
factories (Shakhas) of RSS.

Just like Bollywood, the Bourses of India also had the distinction of
some glamorous stocks. The ‘Glamour Stock’ was the term invented by me
to describe INFOSYS in the 1999, when I found conventional terms like
‘Blue Chip’ etc is not sufficient to describe a dream stock like
Infosys.NarayanMurthy may not look glamorous but Infosys is certainly
most glamorous stock today also, when it has completed more than 10
years of its listing at BSE.

NarayanMurthy is not a secretive person courtesy his SunSign Leo,
which is described as the ‘organisor’ by Lind Goodman and belong to
the Fire category. Fire is always visible, even if there is only a
spark for fraction of second. Infosys can be described as the pious
Amar Jyoti of the Indian Stock Market, which has liberally inspired
other companies to follow the innovative concepts and transparency
norms invented by them. Dheerubhai Ambani did not missed the
opportunity to take some lessons from the success of Infosys, and
today Reliance command a great respect among investors for displaying
a great transparency also in their annual reports. But Reliance is a
Giant with diversified interests; therefore it may never achieve the
phenomenal growth like Infosys from shareholder’s return point of
view. Therefore I did not put Reliance into the category of Glamorous
stocks.

Till last year it was only the Infosys, which qualified to my criteria
of Glamorous stocks but the Listing of Maruti at Indian bourses was
also a phenomenon, which forced me to include this stock also in the
‘Glamour List’. Maruti rose nearly 4 times within few months of its
listing before heading for an overdue correction-cum-consolidation. I
think this correction-cum-consolidation is now in the last leg and at
any time this counter may bounce back to glory once again. However it
will not be out of the BEAR PHASE till it crosses the level of 440.

The Biotech Company, BIOCON floated their long awaited public issue
this year only and it was a huge success. Soon after the listing of
Biocon, Indian Stock Market entered into a bear phase, but even then
the counter of Biocon witnessed accumulation and consolidation only.
This counter is now due for surprise spurt in its valuation any time,
provided the Bull Phase remain intact. This was the third Stock added
to my Glamour list.

Fourth Stock is undoubtedly the most recently listed Tata company TCS
only. Although it has such a short trading history at Bourses that any
analysis is hardly possible, but even then I was tempted to include
this stock also into my very selective list of Glamorous Stock solely
on the basis of my intuitive and gut feelings.

Each and every of these Glamour Stock should outperform the market in
the Medium and long terms.

(originally publ...@Sulekha.com on Oct 03, 2004)







manher desai

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Oct 1, 2009, 11:12:15 PM10/1/09
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Dear Atulbhai,

Jai Gurudev,

I enjoyed reading this mail and thought of sending it to my friends 
As  i do know our group policy i am asking for your consent.
I am member in many grp. and i respect their policy in all respect.
I  would also like thank Mr Ashokbhai Mahajan who introduced me to this wonderful group. 
Regards,
Manher

Atul Mehta

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Oct 1, 2009, 11:53:55 PM10/1/09
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Jai Gurudev,

Anyone can become the member of this group and you can send any mail to anyone.

Ahokbhai Mahajan is my Guru Ghantal.

Thanks & regards

Atul

manher desai

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Oct 2, 2009, 2:29:40 AM10/2/09
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Dear Atulbhai,
 
Believe me this is my most favourite word for Ashokbhai and many other friends.
 
GURU GHANTAL.
 
Enjoyed your message.
 
Regards,
 
Manher

 

ashok mahajan

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Oct 3, 2009, 10:28:23 AM10/3/09
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Mota bhai
i disclose first time to  you
no one born in this earth as yet who beat THE ATUL MEHTA
knowledge and prediction of stock market
He is my guru dev like VISWAMITRA
and i m his idiot gurughantaal.
100 cheers to
THE GREAT ATUL MEHTA
he hold above 700 RANI in his portfolio
and take care every day & night his all RANI
sorry GURUDEV

manher desai

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Oct 4, 2009, 12:52:35 AM10/4/09
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Dear Atulbhai/Ashokbhai,


I wish i would be able to learn many good things from you.

I chat with Ashokbhai and nicknamed him CHOTE and i open out my heart completely without any inhabitation.

Although we have not seen each other we feel very close to each other.

He has always respected me lot and i have always loved him lot through this medium.

Hope our friendship will remain till we are on this earth.

Rest is in GOD hands.

Manher
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