Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story Explanation In English

At the end of Episode 01 we have seen when suddenly market crashed , Harshad and his brother Ashwin lost their 10lakh rupees. That day it seemed Harshad inning is over, but the game had not even begun yet. To know more all about that read Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story Explanation.

Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story Explanation In English

”Cobra Killer”

Now Harshad have lost his all money in their new trading account which has now suspended after market crashed. But the family are helping & supporting to each other in this bad situation.Shantilal Mehta decide to mortgage his new house paper and as all gold to overcome this situation. An additionally same day at that night Harshad father Shantilal Mehta passed away in his sleep peacefully. This is very hard & painful situation for Harshad and his family they almost lost their everything.

”Harshad Again Restart All” Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story

Harshad got new idea and he shares his thought with his brother Ashwin .

  • He said to Ashwin – Let’s start cosulting firm. Look we dont have money & our faces are not going to attract any, So let’s put our brains to work. If we can turn five rupees into ten for anybody we’ll make at least 50paise in commission.
  • Ashwin agree with Harshad prposal.
  • After that they both meets with Dhruv bhai and they convence him to invest in Harshad company. finally Dhruv bhai ready to invest 1lakh.

In next scene Harshad and his brother Ashwin are searching for new office. Finally they got his father old office in rent. They named their office ‘Grow-More’.

Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story

”Harshad New Plan” Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story

Next day Harshad tells to his brother we should invest in tea.

  • Ashwin –But why? just because a tea seller increased the price by 50paise , now you think the stock market will boom because of this?
  • Harshad –I’m not talking about loose change.India tea exports are about to double this year, So the profits too will double. There’s McLeod Russell, McLeod pays a 20% dividend every year.But its share price is only 14rupees . If we invest in it we’re sure to make a profit.

Next day Prnav Seth took Harshad with him for meets with some new clients.

  • Harshad tell them – Harshad convence them for money invest. He tells them we conduct proper research and analysis, and only then we invest your money in the market.By research i mean, the company’s balance sheet, It’s future plan, and some crucial confidental information that only few know about.
  • Next day four of them were ready to invest 10lakh.

Sucheta Dalal Start Her Investigation-

In the next scene Sucheta start to investigation about Bombay stock market with the help of his friend Debashish.

Sucheta –While i was busy understanding the world of the share market. Harshad was busy making the share market his world.He was playing game, I was still learning it.

”Harshad With Bhushan”

  • Ashwin – Bro, we need staff. we need someone who has some experience.someone who know to play the ring.Who can alos handle the back office and accounts.
  • Harshad – I know one such all rounder,Bhushan.
  • Next day Harshad goes to meet with Bhushan.
  • Bhushan – You are asking me to quit my job with Ambalal, and work for you at a lesser pay?
  • Harshad – Look, I want to create history, & history is not easy to make . It needs the conviction and support of people.There can only be one commander to my army who is you ‘Mr. Bhushan Bhatt’.
Scam 1992: The Harshad Mehta Story Season 01 Episode 02 Story

31st october 1984 due to sudden demise of PM- indira gandhi, Rajeev gandhi will be the next PM.

Due to new PM Harshad worry about how will go the stock market condition ahead? So he decide to invest in oil, & petrolium.

  • Here in the next scene Bhushan is in the ring and he call Harshad and tells him- This is confirmed news, Indrol will drown today.
  • Harshad – But who’s screwing with indrol?
  • Bhushan – Cobra, Manu Mundra.He’s short on Indrol. It will crash today for sure. Let it go, we can bear a little loss But we dont have the cash to hold our position.
  • Harshad – Harshad call their all clients, tells to everyone buy Indrol, buy as much as possible. Finally he sold all indrol.

”Manu Mundra Reaction”

  • Manu Mundra – After the ring, Manu ask to his jobbers where are the buying orders coming from? Who is buying it? LIC? UTI? Ambani?
  • His Jobber –We cant say for sure but that Harshad. He was in good mood. He’s buying a lot nowdays. He is giving 60 to70% return to his investors.
  • Manu – When you cant tarnish someone work, then tarnish their name. The worse his reputation, the lesser people will trust him.Without trust there won’t be any investment then Harshad will never rise again.
  • Manu tells to his jobber lets create a perception about Harshad among his visitors. That Harshad has lost more than one crore in SPIC.

”Sucheta Dalal”

Sucheta – For 16months, Harshad bought all he could, without any backup plan. He invested hravily in companies like Indrol, Zuari, Agro, and SPIC. The finance minister said that after all revenue calculation, next year budget will be short by 3650crore rupees. Fear always overpower hope, and the bear gang was using this sentiment against the bull. The moment the bull weakended , the bear rose.

  • Harshad friend Jignesh tells to Harshad – Ahmedabad samachar at my doorstep delivering news personally ! Manu bhai are planning to throw your reputation to the wind.
  • Harshad –There is only one way of saving our reputation, we have to clear all our dues. Lets prepare to cheques to clear all payments. Alongside a letter that says forget default, Grow-More is clearing off its due 14days in advance. And before the markets open, lets meets executive director of BSE when he announce that this is all just rumour everyone ears will perk up.
  • Harshad plans get worked.

And The Episode Ends Here.