Harsh Goenka often shares his thoughts and opinions on various matters on social media. Recently, the president of RPG Enterprises reached out to X and announced his view on the rising stock market. He shared that he felt the era of Harshad Mehta and Ketan Parekh was back in Kolkata. After he posted the tweet, a number of people took to the comment section of the post and reacted to it.
Harsh Goenka shared his thoughts on the Kolkata Stock Exchange. (Instagram/@officialhumansofbombay)
“With the rising stock market, all the abuses of the Harshad Mehta/Ketan Parekh era are back primarily in Kolkata. The promoters are inflating profits (through profit-taking) and are in league with Gujarati-Marwari brokers who are driving up their share prices to unrealistic levels. It’s time for @SEBI_India @FinMinIndia to step in and investigate before retail investors suffer serious losses,” Harsh Goenka wrote in his post. (Also Read: Godrej Group Demerging After 127 Years ‘Everything Is As Clean As Their Soaps’ Says Harsh Goenka)
Unlock exclusive access to the latest Indian General Election news, only on the HT app. Download now! Download now!
Check out the tweet here:
This post was shared on May 4th. Since it was published, it has received more than six thousand views. The share also has close to 4000 likes and the numbers are only growing. A number of people took to the comment section of the post and shared their reactions.
Here’s how people reacted:
The individual wrote: “Mostly the big steel companies. One of them has seen its stock increase close to 30x in the last year to over 1000 levels.”
Another added: “Yes, please. We need to be able to be more realistic and responsible. It’s not a fair game, but who needs another debacle, and honestly, why? There’s always a lot of money to be made by those who know how to play!” (Also Read: Harsh Goenka Shares Doctor’s 3 Secrets For A Long, Healthy Life. Here’s What He Said)
“Seems like a pretty serious allegation @hvgoenka – although community profiling could have been avoided! In a market of over 9,000 listed stocks, if a few smaller companies let themselves down, there was hardly any need for alarm,” commented a third.
A fourth said, “The market survives because of two kinds of people. People who think the market is rightly priced and people who think a crash is coming. This balance keeps the balance.”
Catch every big hit, every wicket with Crick-it, the one-stop destination for live scores, match stats, quizzes, polls and more. Explore now! : The Big Picture’, a fresh episode of HT’s talk show ‘Interview with Kumkum Chadha’, in which leaders from across the political spectrum discuss the upcoming general elections. Watch now! Get the latest updates on trends News Viral video, photos from India and around the world News / Trends / ‘Harshad Mehta era is back primarily in Kolkata’: Harsh Goenka on the rising stock market in Kolkata
Categories: Trending
Source: newstars.edu.vn