Manu Manek (born b/w 1948 – 1952) was a most popular Indian stockbroker, investor, and entrepreneur from Kolkata, West Bengal, India. Manu Mundra is also known as Manu Manek of Kolkata additionally referred to as Black Cobra among the brokers as a result of his dull appearance.
He was otherwise called the head of the bear cartel and coach of Radhakishan Damani and Rakesh Jhunjhunwala. There is no much data is accessible about him on the web. As per a few sources, Manu’s bear cartel was extremely dynamic during the 80s and each bull is terrified of him in light of the fact that their cartel can crash any share From 100 to 1 inside seven days as there were no administrative organizations around then.
Manek was an amazing character and a ground-breaking administrator who directed the market. Without his gesture, it was difficult to turn into the overseer of an organization. Clearly, upon the arrival of the political race, he would send the name or rundown of chiefs to the organizations and just those individuals ever got chosen.
Manu Manek’s disciple Radhakishan Damani
Manu Manek’s notoriety was sweeping and his impact, inescapable. Harking back to the 1980s, nothing occurred on Dalal Street without his gesture or information. He was the informal ruler of the Bombay Stock Exchange (BSE), and the organizations and the networks of stockbrokers were his subjects. All honored the Cobra and dreaded his capacity.
Early Life, Parents, Wife & Kids
Manu Manek was born as Manu Mundra between the years 1948-1952 (estimated) in Kolkata, India. According to the sources, he belonged to a middle-class family. He did not disclose any information about his family.
Satish Kaushik played the role of Manu Manek in Scam 1992
According to the media details, Manu Manek was survived by his wife and kids. He entered the world of the stock market after completing his studies. After some time, he started working as a broker.
After gaining knowledge of the share market, he became an expert and people started calling him Black Cobra (Kobra) of the stock market. He did so many frauds and scams in his career.
SCAM 1992: The Harshad Mehta Story
As everyone knows that, Harshad Shantilal Mehta was known for his big scam in the history of the stock market. All the story of Harshad Mehta’s 1992 scam was picturized through a short web series by Sony Liv. Let me tell you that, the popular actor Pratik Gandhi performed the role of Harshad Mehta. The other cast of Scam 1992 are as follow:-
- Shreya Dhanwanthary as Sucheta Dalal (Journalist).
- Anjali Barot as Jyoti Mehta (Harshad Mehta’s wife).
- Hemant Kher as Ashwin Mehta (Harshad’s brother).
- Satish Kaushik as Manu Mundra (Black Kobra).
- And others…
Manu Manek and Harshad Mehta
There are a few occasions when Harshad Mehta’s way crossed with that of Manu Manek. Manu Mundra, as usual, had received a short situation in this stock. On the other side, Harshad Mehta was received with a long position.
Harshad Mehta continued expanding the purchasing pressure in this stock and constrained the bears to scramble for spread. If all else fails, the Cobra spread gossip that Mehta had lost a sum of Rs. 1 crore in the financial exchange.
Harshad Mehta
This was done to assault Mehta’s believability. In any case, Harshad Mehta was the person who had the last giggle for this situation. He cleared every one of his duty and developed as successful in the fight.
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Some Lesser Known Facts About Manu Manek
- According to the sources, Manu entered the market when the cost price of the stock was crescendoed.
- He increments selling pressure in the market after shorting the stocks for a couple of days.
- According to him, as the gracefully of the stock in the market continues expanding, the cost of that stock falls.
Scam 1992 movie
- Manu Manek was in good company in his short-selling procedures.
- There was a whole bear cartel that followed Manek’s bearings and reflected his moves in the securities exchange.
- Manu Manek, as well, knew about the equivalent, and throughout the long term, he framed a bear cartel.
- This bear cartel followed similar philosophies, and they hit alongside the Cobra.
- Manu Manek has even been related to other unmistakable financial specialists.
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