The Big Bull Of Share Market In India: In Scam 1992 & The big bull, Harshad Mehta is the big bull of the national & Bombay stock exchange in India. After watching these shows, many people got inspired by how well Harshad Mehta managed to manipulate the stock market. Because of him, there was a sudden rise in the prices of his companies stocks.
Who is the big bull?
In the stock market, when the prices are artificially manipulated to rise or dip, the person responsible for this is said to be The Big Bull or The Bear of the market respectively. The stocks are very dependent upon these people, as they are capable to make huge changes to the market.
Also Read: Real Vs Reel: Characters In ‘Scam 1992
Bull vs Bear
The bull aims to increase the cash flow so that the price of a share increases. This attracts many other investors to invest in the same shares. By this, the price of the share increases tremendously.
While the bear aims to decrease the cash flow by selling out a huge amount of shares. A bear holds a very large amount of shares which are capable of changing the performance of the share.
Both of these methods result in manipulating the prices of a share to increase an individual’s profit. The loss occurs to the companies & small shareholders.
Who Is The Big Bull Of Share Market In India?
Rakesh Jhunjhunwala is the big bull of the Indian stock exchange. He has made a huge profit in 1992’s Stock Market crash and then the 2008 market Crash. Even though the market was suffering, Jhunjhunwala still invested in the market to seek profit & stability.
After he invested during this time, the market was continuously rising and the stock prices went up. Once the price reached 500% profit, he sold all his shares & booked the profit. This huge profit of over 500% is the reason why he is known as the big bull of the Indian stock market.
The Jhunjhunwala summary – Share Market In India
Rakesh Jhunjhunwala has an amazing approach towards investing and trading. He started with an investment of 5,000 rupees as his starting capital. Today he holds a net worth of 23,350 Crore INR with a 1,120 Crore annual Income, this makes him the 38th richest person in India.
His father motivated him to read newspapers at that time because he knew at that time, the news made the stock market fluctuate. Rakesh never got any financial assistance from his father or family. His father thought him never to expect money from me or from people I know.
Rakesh understood the market & offered an investor a return of 18%, which was greater than what the bank offered at those time (10%). After this, he kept receiving the investment and gaining huge profits. This has made him one of the richest in the country.
We have more to share on rakesh jhunjhunwala, subscribe to our newsletter to stay updated.
Follow us on Twitter
Follow us on Facebook
Read our more blogs on Daily Blog Day