#TheBigBull: Abhishek Bachchan and Ileana D’Cruz starrer film The Big Bull was released on Disney Hotstar (disney + hotstar) on Friday. The Big Bull is a 1992 film on the Stock Market Scam. The film is based on Harshad Mehta, the uncrowned king of the stock market, who changed the condition of the stock market in the 1980s-’90s.
Harshad was the stock market messiah
Harshad Mehta, was considered a stock market messiah in the 1980s-90s. Share holders consider them to be the keys to their destiny and the price they would put their hands on reached the sky. Harshad Mehta had earned crores from the stock market overnight. Harshad Mehta was born on 29 July 1954 in a small family in Panel Moti, Rajkot, Gujarat. His childhood was spent in Kandivali, Mumbai and he did his schooling from the Holy Cross Beron Bazar Secondary School in Mumbai. After passing the twelfth, Harshad Mehta studied B.Com from Lajpat Rai College and then kept doing small jobs for the next eight years. He took his first job as a sales person at New India Assurance Company Limited and at the same time his interest was moved towards the stock market and he quit his job and joined a job as a brokerage firm named Harijivan Das Nemidas Securities and accepted Prasant Parjeevindas as his mentor. While working with him, Harshad Mehta learned all the tricks of the stock market and started his own company called Grow More Researchers and Asset Management in 1984 and took membership as a broker on the Bombay Stock Exchange. The journey of the illustrious king of the stock market started from here, which later came to be known as Amitabh Bachchan and Raging Bull of the stock market.
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In the 1990s, large investors were investing in Harshad Mehta’s company, but due to which Harshad Mehta’s name started investing his money in the stock market in the shadow company ACC i.e. Associated Cement Company. After Harshad Mehta’s ACC money, the fate of ACC changed as if the share of ACC was worth 200 rupees in a short time. By 1990, Harshad Mehta’s name started coming every day on the cover of every major newspaper, magazine. In the stock market, Harshad Mehta’s name started to be taken very strongly. The question was, where is Harshad Mehta getting so much money from?
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Used to take a bank loan for 15 days
Harshad Mehta used to take a 15-day loan from the bank and put it in the stock market. Also, within 15 days he used to return the money with profit to the bank. But no one gives a loan for 15 days, but Harshad Mehta used to take a day loan from the bench. Harshad Mehta would have made a fake BR from one bank, after which he used to get easy money from other bank also. However, after its disclosure, all the banks started asking for their money back from it. After the disclosure, Mehta was charged with 72 criminal charges and almost civil cases were filed. There were many cases going on them. Late on 31 December 2001, he complained of chest pain after which he was admitted to Thane Civil Hospital where he died.