저자: Sriramachandramurthy · 외국인
요약 보기
영상은 하르샤드 메타의 주가 조작 사기(1992년 대형 증권 스캔들)와 라케시 준준왈라의 장기 가치투자 사례를 비교한다. 메타는 은행 자금과 담보 대출로 주가를 인위적으로 띄우다 붕괴해 막대한 손실을 낳았고, 이후 SEBI 설립 등 규제가 강화됐다. 준준왈라는 펀더멘털이 좋은 기업(타이탄 등)을 장기 보유해 부를 쌓았다. 결론적으로 내부자거래·시세조종은 금지되며, 윤리적 장기투자가 교훈이다.
다듬은 글
learn ETF index mutual funds and excel in the stock market, call this number immediately. The stock market is either a scam or a success. There are only two names that come to mind when it comes to the stock market. So one is Harshad Mehta and the other is Rakesh Jhunjhunwala, who is known as the Buffett of India.
What should we learn from these two? Their risk-taking is similar. Similarly, if we look at the two now, we will see Harshad Mehta as a bull who robbed India, I mean, the stock market, and Rakesh Jhunjhunwala as a person who led many bulls . So, what might be their care studies , what might be their risk taking, what might be their management?
So today, stock market expert Sriramachandramurthy is here to tell us . So let's find out more information in their own words . Hi, hello, namaste, welcome to Suman TV. I am your Rajiv Pasuleti. So let's start, so hi sir, namaste, namaste, and yes sir, if we are looking at the stock market, is it a scam or not, what is success?
What happens in scams is that we lose so much. So if our motive is right, then the right result will come. Wrong motives will produce wrong results. So now what happens when a scam is taken advantage of, like a shortcut, is that the system will know what happens if it doesn't work today, but tomorrow.
That day, all our value will be lost. True, so now, as you said, the names of the two people who have had a great influence on our stock market, the Indian stock market, are Arshad Mehta and Rakesh Jhunjhunwala. So if we take these two and observe their lives as a case study, we will understand exactly what should be done and what should not be done.
So please share sir. So first, let's start with Harshad and the rest of them, or let's start with Rakesh Junjuri. He is the senior Harshad, senior 92. He got involved in the market. Let's start with him. Then, the Bombay Stock Exchange would have been the same. There was a B.Sc. in Dalal Street. However, the number of companies was still new at that time.
Previously, the stock market was a matter for the big guys, not for us little guys. It used to be that the rich used to do it, and no one in the common people knew about it. Until now, if you wanted to place an order, there was a ring at that time. There were people shouting that rate in that ring, called the crowd.
Then the physical shares would come. Then they would say on the phone, " Sir, everyone would go from here." There were brokers there who placed orders on the phone. There was a ticket. There was a bar ticket. They had agents. That whole system was an unprofessional system. The real thing was high brokerage.
What we got took a lot of time. How much did that rate come at? Today, we get it at our fingertips. It was n't like that in 1992. In that era, computers weren't even that big anymore . All the work was unprofessional, meaning transactions were done based on trust only through phone calls . It happened here on the date they said .
So if it were like this, the market would not be here only, but the entire world would be an unorganized market. If it weren't for what Harshad Mehta did, no one would want us to commit a crime as a wanted person. Yes, the small wrong thought of taking advantage of the ignorance of those on the other side of the situation will go far and wide.
What he used to do was to bet on shares in banks and give them money. Hmm, so what he did was that he bought shares like that, put those shots in, got that money, and bought shares again. This happened without his knowledge. But after crossing a certain level, he realized that now he has put those shares in himself and bought shares that are going to be reinvested.
The major problem he has created is that the rate has been artificially increased. Hmm, now we'll buy the same shares again in the evening. Now we'll take those shares and pledge on that share. We'll buy shares again on that pledge . Similarly, he would bring those shares and deposit them in another bank, and he would tie up with a few banks, and these banks would take the money and buy those shares.
Okay, those shares would be deposited in another bank, and they would take the money again. They took the money from another bank and artificially increased the stock that was worth 100 rupees to ₹1000. Oh okay, when it reached a certain range and an unsustainable situation arose, it collapsed. What if the Umm collapses?
When the share value, which was ₹1000, comes back to ₹1, all these banks, whatever they shot at him, become worthless . Okay, he gave me shares to pay the money, so the whole system collapsed due to the lack of share value. Alas, it has gone against the grain. Now he has become a deputy and is no longer a company.
What has happened now is that his influence has increased and his words have gained value. This is like a scam, a scam of a few thousand, the biggest 30,000 crores. Actually, he should also think about doing it. When it comes to a stage, no one knows when this is wrong or right. What's more, what he did was manipulate a single share.
What happens here is that buying a single share is manipulation. Yes, he bought a single share because he believed in that share. He believed that if he bought more, it would increase. It would have been better if they had bought something else, like the ones I bought, if they had limited it later. Now, what they did was that it was clearly understood later that it was wanted.
So, in those days, raising the price of a share meant manipulating the price of that share to raise it, then milking it and selling it once. Now, if they buy at a low rate, what happens if they continuously manipulate the price and artificially increase the rate and sell it at that high rate? All those who bought at the high rate also become losers.
It will drop exactly. What happens is that he is the only one benefiting from the system, but the rest of them are not getting any money. Alas, this happened. After five years of this happening, when it reached a big level, there was a big crash. So when it reached an unsustainable stage, there was a crash.
From there, that probe would have happened. So generally, if the banks did not make payments, they would have filed cases. Then, when we found out what the real issue was, it turned out that it was a big scam and that it was done on purpose. Oh, so this is Harshad Mehta, so let's not be one good, one bad, one good, then everyone knew that there is a real stock market for everyone, and then everyone knew that there is a real market for everyone.
Knowing that what the government did was that even the big people would suffer because of such people, a committee was formed. A committee should be formed to regulate the stock market. SEBI came into being because of the need to keep the stock market under good guard . Okay, so SEBI came about because of that background.
What will they do now? In 2000, SEBI streamlined everything and brought in another exchange called NSC, and then after online trading, this one set of rules and regulations came into being. Okay, so indirectly, the system improved because of him. It happened that no further such cases occurred, but he went to the very worst stage.
Yes, yes, that's it. So, we need to know that from him. The real major thing to know is that now, what is wrong is wrong if it is done knowingly. Yes, yes, so before entering the stock market, we need to know what are the rules, what can and cannot be done. So what are the things we can do? Now, price rigging is manipulation, and insider trading is their results.
Now, I work in a company, and I know what the results are in that company, and what I can do to make it better. What I'm telling others is insider information. What you casually said is true. What happens if you casually say something else, or our results are not good? If they take it in large quantities, it becomes manipulation.
Okay, so that means we shouldn't do all that . So, we should not own shares in a company we own without our knowledge . Oh, so that's also a prohibition. Now, even if you hold those shares, you have to declare them, which means you can't trade them, and you can't trade them continuously. So, you need to know all these rules, otherwise you will face big penalties.
And what should we learn from Rakesh Junjun? He is actually a chartered accountant, so he is the person who has given respect to the market and himself. He has proven that while we can earn crores in the right way and lose crores in the wrong way, we can also earn a few thousand crores in the right way .
Yes, he started with 5000 pieces in 2000, the business has gone up to 5000 crores today, he is worth in a span of 25 years, so he is a chartered accountant, he knows the quality of the stocks, he is looking at the fundamentals, he is just like you said, like Warren Buffett, we have an ethical way, a belief in India, this company is good, the fundamentals are good, the company is growing, now he bought Titan at a fee.
Everyone bought it, but he held it until today. That Titan has a 50% stake in everything he owns. That means 50% of his assets were Titan. In those days, he didn't need Titan at all. It's not like this Titan is going to come into the gold business now and do anything about it. He held onto the potential in it.
So he identified some companies, trusted them very much, and traveled with them . Okay, that's what we need to learn. When we think a company is fundamentally good, we build a good asset by investing in it as an asset for wealth creation rather than selling it for short-term gains . So, the stock market is a place, to put it simply, where different assets create wealth.
If not, we should associate with the Right People Right Company. Now there is Infosys, which has created wealth for crores of people. Those shares are Wipro, Infosys, TCS, but all these are very similar. ICICI Bank invested in it and made all those who had 10, 15 years of experience millionaires. So we can also earn all of that through ethical practices.
That means, for all those who think that the stock market is a wrong practice, that it is a wrong place, that if it is not there, frauds will be committed. He is the example ever. Rakesh Jhunjunwala is the example for ethical practices. Okay, superb sir. Thank you so much. So, I understand. So, Harshad Mehta could be Rakesh Jhunjunwala.
So, Sriramachandramurthy has explained the lessons that we need to learn from them very well . So that's it, let's meet again with another interesting case study, stay tuned until then Suman TV
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