Who is Manu Manek?

Before Harshad Mehta arrived and took control, Manu Manek, a market leader in the late 1970s and early 1980s, ruled the stock market.

Manu Manek, who dominated the Indian Stock Market, was a famous personality and a great player. Evidently, getting his consent to become a corporate director was exceedingly tough.

Some claim that he would send director names or lists to corporations on election day, and that only those individuals were ever elected. Manu Manek was a powerful individual!

Manu Manek Birthplace and Date of Birth

According to what is known from sources, Manu Manek was born in Kolkata between the late 1940s and early 1950s. After completing his degree, he started working on the stock market as a stockbroker. At this time, he watched from the sidelines and studied the early Indian marketplaces.

Manu Manek Stock Market Success

Manu Manek gained notoriety as a leading personality on Dalal Street and the Indian stock exchange.

He had an unofficial title of "King of the BSE" (Bombay Stock Exchange), and the entire network of stockbrokers depended on him at all times. Manu Manek has either had personal contact with or guided other investors who are considered to be the "Bulls and Bears" of the current market.

Big Bull In addition to Radha Kishan Damani and Rakesh Jhunjhunwala, other investors Shankar Sharma, Dinesh Dalmia, Ajay Kayan, Raamdeo Agrawal, and Nimesh Kampani/Real Ajay Kedia were also present. Rakesh Jhunjhunwala founded DMart.

Manu Manek gained notoriety as a leading personality on Dalal Street and the Indian stock exchange.

He had an unofficial title of "King of the BSE" (Bombay Stock Exchange), and the entire network of stockbrokers depended on him at all times. Manu Manek has either had personal contact with or guided other investors who are considered to be the "Bulls and Bears" of the current market.

Big Bull in addition to Radha Kishan Damani and Radha Jhunjhunwala, other investors Shankar Sharma, Dinesh Dalmia, Ajay Kayan, Raamdeo Agrawal, and Nimesh Kampani/Real Ajay Kedia were also present. Rakesh Jhunjhunwala founded DMart.

How did Manu Manek dominate the market?

1. Manu Manek was famous for the “Short-Selling” of stocks

One of two methods can be used to short sell. If a shareholder wants to short-sell any well-known shares, they can do so by first selling them at a higher price, waiting for the prices to fall, and then repurchasing the shares at a lower price, making a profit on the price difference.

Borrowing shares from someone who does is another option for an investor who wishes to short sell shares that he does not own. There are two ways to do this:

First, the investor might use a derivative option to buy a put option on that stock (This derivative option was not available in the early 1980s). As an alternative, the investor may request the stockbroker to lend him shares if the two have a good working relationship.

Manu Manek used the strategy of lending shares in order to generate significant gains. Because of this tactic, he rose to fame and earned the moniker "Cobra of Dalal Street."

2. Bearish Strategy Used by Manu Manek

The market's negative outlook is the foundation of the bearish strategy. Investors look for businesses that are already operating well in the market and whose prices are expected to fall.

This strategy, referred to as the "Bearish Strategy," is predicated on the idea that the company's stock price would decline in the future. By keeping their investments while share prices are high and waiting for them to decline, investors make money. This position is referred to as the "Short Position."

3. Bullish Strategies Used by Manu Manek

Investors typically buy stock in a company at a discount and wait for it to perform well before selling it at a higher price. When the stock price is at its maximum, investors sell their shares, taking advantage of the market and making a profit.

A profitable investing method centred on market expansion and enhancing a company's performance is known as the "Bullish Approach." This strategy is predicated on the idea that the stock market would strengthen, leading to an increase in the stock price of the company. This is what is referred to as a long position in the stock market.

After the final match with Harshad Mehta, the cartel members decided to invest in a different way. This includes giving value investment a lot of attention.

Manu Manek, a.k.a. the "Cobra," made large gains from the market's decline by employing his short-selling strategy. He commanded the market for years prior to the Big Bull's arrival because he was skillful and brave.

Many of Manu Manek's associates have gone on to become highly successful stock market investors, like Rakesh Jhunjhunwala and Radhakishan Damani.