Discover and read the best of Twitter Threads about #harshadmehta

Most recents (9)

My contribution to a cover story in The Week' on the #HarshadMehta scam in 1992, as a 22 year old, memory now revived by the #GautamAdani scam! This special edition had sold 30,000 extra copies. It made the careers of so many journalists who seriously investigated the scam 1/6
Unlike today, when journalists are speculating on Adani being "targeted", to emerge unscathed soon. 92 scam led to Mehta being treated like a criminal, investigated & arrested by CBI. 70+ offences, with over 600 civil suits, eventually killing him less than a decade later ! 2/6
Journalists speculating about how @narendramodi is being targeted today, brayed for then congress PM Narasimha Rao's blood & @PChidambaram_IN's resignation ! Banks today are as actively involved as they were then. Big difference is that all names were out in the open then ! 3/6
Read 6 tweets
The Securities and Exchange board of India, namely SEBI formed on 4th April 1992 by the enactment of SEBI Act, 1992.

In its 30 yrs of Journey, there are huge development in regulating the Securities Market
#SEBI #30yrsSEBI @SEBI_India
@nsitharaman @nsitharamanoffc @FinMinIndia
Multiple times Issue of Capital regulations has undergone a change.

It made great initiatives in regulating Brokers, and other market Intermediaries. Contributions of Shri Dave, Chairman of erstwhile CCI who played a crucial role in setting up the office in Mumbai is commendable
Shri GV Ramakrishna who was holding the chairmanship when the SEBI was accorded statutory powers in 1992. NSE @NSEIndia was established in 1992.

It is worth noting #harshadmehta scam broke out during this period.
Read 9 tweets
Journey of most typical trader.

Before we move forward, kindly like and retweet if you find our content was interesting.
Begining..
🎯 Swiping TV channels and anchor shouting that investors gained lakhs of crores in a day.
🎯 A friend flaunting that he has earned 5-10K today.
This 5-10K is the monthly salary of many.
🎯Inspiration from Profit screen shot of twitter traders.
After encountering with one among above case, you opened demat account and put 10K as initial capital.
First day of trade, you took very less quantity, say 10 quantity of a share. It came down but you held. at end of the day it went up above the buy price and you booked profit.
Read 22 tweets
Freak trade - A daylight robbery?

Before we move forward, kindly like and retweet if you find our content was interesting.
It was a calm trading day on last trading day of the week and from nowhere price shooted up in some of the contracts disrupting everybody's self esteem!
If we go through past two month's history, this was the fifth/sixth price surge. Past surge were on
🩸On 5th July, Nifty Futures surged 805 points.
🩸On 28th July, Nifty futures made downmove of 530 points.
🩸Bank Nifty 37000 strike price surged 2000 points.🩸Nifty 16450 for August expiry rose by 700 points.
🩸Bank Nifty 37100 PE surged to 1921.
Read 17 tweets
#BombayHighCourt will continue hearing the plea by Sony Pictures Ltd owner of #SonyLIV app in case of alleged criminal defamation and trademark infringement against a logo of the Karad Urban Co-op. Bank.
Hearing before Bench of Justices SS Shinde and NJ Jamadar.

Sr Adv Shirish Gupte appears for Sony Pictures.

Sr Adv Amit Desai appears for Applause Entertainment, the producer of the #HarshadMehta Scam 1992 series.
Court clarifies that the arguments should limited for ad-interim relief only.

#BombayHighCourt #HarshadMehta
Read 12 tweets
Read this book at the time of #CAMS #IPO.
A brilliant read to know about the #growth trajectory of the #company & why it's only starting.

@YMehta_ @finthusiasts @nid_rockz @manurishiguptha @MadrasMobile @MarketScientist
@AnyBodyCanFly @ipo_mantra

Thread coming.👇 Image
Foreword by- Mr. Deepak Parekh, Chairman @HomeLoansByHDFC

He writes about India's #economy post #Liberalization & how #companies that have come up have one thing in common- #knowledge.

2/n
#CAMS began as a #software development & #computer education firm, moved to share registry services handling #IPO's, later became a Registrar & Transfer Agent (#RTA). It now also handles documentation requirements in #banking, #insurance & #microfinance.

3/n
Read 25 tweets
With huge thanks to #UshaLaxman & #SrinivasLaxman, sharing a threat on #Scam1992 through #RKLaxman 's eyes. Hopefully few will be educated on how everybody was covered. But be patient.. will update only one a day
@Moneylifers

@yogtoday Image
This is when #chidambaram resigned over #Fairgrowth and there was a media frenzy. Eventually only #shankaranand really bowed out of politics. Every other neta escaped as always! Image
Nothing captures the madness better than this #scam1992 the Special Court continues to hear scam cases 28 yrs later and the Custodian has become a permanent body!! National Embarrassment -- continues in DHFL, PMC, IL&FS ... eventual action meaningless! @Moneylifers Image
Read 10 tweets
Thread on #Scam1992 web series on #HarshadMehta (HM) based on book by Sucheta Dalal.
23 April 1992

HM had repaid 500 crs to SBI. The article ruined it.
It was a crime to use bank funds for buying stocks definately and money was taken frm NHB to pay SBI.

Want 2ask this openly:
1) Isn't the same thing happening today formally?
2) Public money through MF / LIC / PF / ETF is going into hyper inflated overvalued equity markets ?

2) offcourse it is now official and as per rules. Mutual funds sahi hai #₹$€
3)Did somebody evaluate the amount of loss to the system ?

4) did someone think of covering it and closing the stock holdings before Market crashed?

5) Who wld investigate the illegal invoked beneficiaries.. Citibank, RJ, RKD, Kedia etc. etc.
Read 8 tweets
Thank you Value Investor @Khambatta
Such a pleasure to read the tweet roll since y'day :) #wordsofwisdom
Its a #MustRead if you weren't around those days, a good tour of #HarshadMehta days and the 91 bull market by @Khambatta
Very few value investors with three decades of experience so active on twitter. @Khambatta sir please keep it flowing :)
Read 3 tweets

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