Teji and Mandaa are two sides of the same coin Do not get carried away by either

 

Bullish Times Are Always "Dil Khush "

My late father, Dr. Dharam Paul Aggarwal ,used to recall the shares bazars of Pre 1947 and their reporting in the newspapers.

In Punjab , in those days the prominent Stock Exchange was Lahore and regional news papers were in Urdu.

Shares Up

If , on a particular day , Markets rose then in the following day's Urdu newspapers it was reported :-

Aaj Lahore Stock Exchange Mein DIL KUSH TEJI Rahi "

Shares Down

Aaj Lahore Stock Exchange Mein DIL KHARAASH MANDAA Raha.

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What ever the times , a Rise in Share Rates ( now seen on computer screens ) , always , brings smiles .

My father told us that biggest speculative share in Pre Independence times was Tata Deferred .

( Tata Steel's Deferred Share which was entitled to Dividend twice ,Ordinary Equity Dividend + a Special Exclusive Dividend. )

Brokers in the Stock Exchange Trading Ring shouted O -- DEFERRED , O--DEFERRED ---Liya - Becha, '

The massive speculative volatility embarrassed the Tata s who , ultimately , in 1953 ,converted Tata Deferred to TISCO Equity , probably , in the ratio of 1 Deferred = 6 Equity

( Tisco Equity was then Rs. 75 paid up. Much later, a 1 : 3 Bonus was declared and share holders received stickers . to be put up on the share certificates." that the face value is increased from Rs.75 to Rs 100 " )