2021 may go down in history books as the year of IPOs and the year saw the 30 scrip Sensex soar atop the 55,000 mark.
But stocks are not just a thing of 2021, the year when India completes 75 years of Independence. Stocks and companies were a hot subject during the 1947 era too. In fact, back then there were more exchanges than the two India has, as of 2021.
Besides the Bombay Stock Exchange (oldest one) there was the Madras Stock Exchange (1937) and the Calcutta Stock Exchange (1908). The Ahmedabad Stock Exchange was established as a charitable trust in 1894 -- some twenty years after the BSE commenced. There were other regional exchanges from Uttar Pradesh, the Hyderabad Stock Exchange etc to name a few.
Besides Textile Mills and Rubber plantations which offered better returns, there were a number of mining companies, agro farms, tea estate factories and trading firms of all shapes and sizes. Here are those popular stocks from the 1947 era.
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Text: Finance Desk
Images: Sify Archives