Those were the days when shares were traded by shouting system in a
trading ring-' Motoran , Motoran - Liya - Becha and transactions
recorded in Chopris / diaries of both buyers and sellers.
-------------------------------------
In
1970s in Delhi Stock Exchange ,situated at Asaf Ali Road, had a few
shares in its Forward list.This list meant that transactions could be
rolled over to the next settlement after payment of some amount which
was called Badla.
These shares were
Century Spinning ( While shouting on the Trading Floor : Eh Century , Century --)
Hindustan Motors ( Motor an
Modi Spinning
Delhi Flour Mills
Delhi Cloth and General Mills - DCM
Rohtas Industries
In those days RIL stood for Rohtas Industries Limited
---------------------
Original
Share certificates of Hindustan Motors Ltd.were issued before Partition .
These had
on it map of a United India.
Some
time in 1970 s many forged / fake
share certificates of Hindustan Motors started circulating in share
bazaars . Then Hindustan Motors asked its share holders to return their
certificates , just like cars are sometimes recalled . After verifying
as genuine these were returned to share holders after stamping them as
Verified .
----------------
Hindustan
Motors Ltd , estd 1942 ( manufacturers of the iconic Ambassador cars )
planned its manufacturing plant ,first at a location in East Bengal (
now ,Bangladesh ) .
Birlas , however , waited for the contours of Partition rumours to become clearer.
They finally selected Uttarpara near Calcutta .
-----------------
In Pictures: India’s iconic Ambassador car
https://www.aljazeera.com/gallery/2014/6/16/in-pictures-indias-iconic-ambassador-car/?fbclid=IwAR3d911PKi0AF7fcoUY9CBddf9WFrLTZsDejkVrpZN6TWO1pj0-o48OgcFs
------------
Ambassador Car - Iconic Brand Sold to Peugeot The Hindustan Ambassador car was discontinued in 2014 as sales dropped continuously and it could not keep up with the new generation of cars in the Indian market.for Just Rs.80 crore.
https://www.bbc.com/news/world-asia-india-38945674
https://www.carandbike.com/news/ambassador-brand-sold-to-peugeot-for-rs-80-crore-1658287?fbclid=IwAR0Wi5unlR91XZjiKRpSmxHOpGzljfyBIN9XDp438m9kMaTw8VrzowQk5eU
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Personal Note - I was Lucky
After college , in early 1980 s ,I was very lucky when I sold my family's Hindustan Motors' shares . There had been a sharp rise in its share prices , which later turned out to be , only temporary .------------
Prayer to God Almighty
In life , including share investments , .' I would rather be lucky than intelligent .'
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Rare Indian Shares site
I tell people that why I selflessly run this site is also as a mark of respect and gratitude to Share Bazaars / Shares which have given me my Livelihood -' Mujhe Rozi - Roti Di Hai .'
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