Harshad Mehta - Share Market History

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Harshad Mehta - Share Market History 



  • Harshad Mehta was a stockbroker in India who became famous in the early 1990s for his bold trading strategies and later infamous for the 1992 securities scam. People called him the "Big Bull of Dalal Street" because he caused a massive bull run (stock prices rising fast).

Rise to Fame – Early 1990s📈

Stock Market Genius:

  • Harshad understood the loopholes in the banking and stock system. He used money from banks (illegally) and invested in the stock market.

Bull Run Starter:

  • He heavily bought shares of companies like ACC (Associated Cement Company).
  • In just a few months, ACC's share price went from ₹200 to ₹9,000!

Media Darling:

  • He was bold, confident, and showed off his wealth – fancy cars, big house – and was even called the Amitabh Bachchan of the Stock Market.

The 1992 Scam – What Went Wrong💣

Banking Loophole Misuse

Harshad used fake bank receipts and manipulated Ready Forward (RF) deals a kind of short-term loan between banks.

Scam Size:
The total scam amount was ₹4,000+ crores (massive in those days).

Market Crash:
When the scam was exposed, the stock market crashed, and many small investors lost their savings.

Arrest and Trial:
He was arrested in 1992. Several legal cases followed.

End of the Big Bull💔

Harshad Mehta died in 2001 at age 47 due to a heart attack in jail.

He left behind a legacy of lessons in greed, loopholes, and lack of regulations.


INSTAGRAM LINK

https://www.instagram.com/reel/DIXrx2ZTWhv/?igsh=MWNqYnZqamxqNHBnaA==


                                                        YOU TUBE LINK

                    https://youtu.be/7RMoO2I11wE?si=hgxJBTxj8TOcswry


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