The Harshad Mehta Stock Market Saga: Unveiling the Secrets
The Harshad Mehta Stock Market Saga: Unveiling the Secrets
Harshad Mehta, a name that still resonates in the minds of many, was a prominent figure in the Indian stock market during the 1990s. Known as the “Big Bull,” Mehta had a profound impact on the market, leaving an indelible mark on its history.
One of the most intriguing aspects of Mehta’s story is the stock he invested in. While there were several stocks that he traded, one that stood out was ACC. Mehta’s involvement in this particular stock captured the attention of investors and regulators alike.
Mehta’s modus operandi involved manipulating the stock market through a technique known as “circular trading.” By exploiting loopholes in the banking system, he artificially inflated the prices of certain stocks, including his holdings in ACC, Sterlite Industries and Videocon. This manipulation allowed him to make substantial profits, while unsuspecting investors suffered significant losses.
Speaking of holdings, Mehta’s portfolio was vast and diverse. Apart from ACC, he held positions in various other stocks, making him a force to be reckoned with in the market. However, his empire came crashing down when it was revealed that he had allegedly misappropriated a staggering 27 lakh shares .
Following the exposure of his fraudulent activities, Mehta’s life took a dramatic turn. He faced legal battles and was ultimately convicted for his involvement in the securities scam. Mehta’s downfall marked the end of an era in the Indian stock market.
Today, Harshad Mehta’s story serves as a cautionary tale, reminding us of the importance of transparency, integrity, and ethical practices in the financial world. While the stock market has evolved significantly since then, the legacy of the “Big Bull” continues to linger, reminding us of the consequences of unchecked greed and manipulation.
So, what is Harshad Mehta doing now? Unfortunately, Mehta passed away in 2001, leaving behind a controversial legacy that continues to captivate the imagination of investors and enthusiasts.
Frequently Asked Questions (FAQs):
- Which stock did Harshad Mehta invest?
- What are the holdings of Harshad Mehta?
- How did Harshad Mehta manipulate the stock market?
- What is Harshad Mehtadoing now?
- Did Harshad Mehta missing 27 lakh shares?
