In Punjab , in those days the prominent Stock Exchange was Lahore and regional news papers were in Urdu.
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 "
Aaj Lahore Stock Exchange Mein DIL KHARAASH MANDAA Raha.
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 around 1953, converted Tata Deferred to TISCO Equity in the ratio of 1 :6 ( Please Recheck ).
( 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 " )
( I am a 3 G Investor. My late Grand father , was allotted , around 1962 , in the Public Issue , shares of Kirloskar Cummins Ltd. Rs 100 paid up ( Now , Cummins India, Rs. 2 paid up )
Conversion of Tisco Deferred to Tisco Ordinary
In 1950 51 , under JRD Tata , Tisco referred the issue of a just Deferred - Equity exchange ratio to the Attorney General , Motilal Setalvad, who in 1953 recommended a ratio of 1 : 6.
please , also read
Cement Brands and College Days ( 1975-80 )