Dr Jeet R.Shah
Quick Summary
This post is one of my many posts on my blog , I have tried to find out what would have happened to investment of the person who might have invested in ACC at its highest during Harshad Mehta times , but would have been holding the stock till now. I understand most of the people who might have inves
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FAQ :
The peak price of ACC stock during the Harshad Mehta era, specifically in June 1992, was Rs. 10,000 per share.
An investment of Rs. 10,000 in ACC stock at its peak in June 1992 would be worth approximately Rs. 80,680.6 by December 2022.
The CAGR returns for ACC stock, including dividends, until December 2022 is 7.7%.
No, Harshad Mehta never recommended any small investor to buy ACC shares at the Rs. 10,000 level.
Harshad Mehta decided to enter the money market business in 1987.
Harshad Mehta's family made a major decision to invest in equities when stock prices were at abnormally low levels, purchasing huge quantities which later became multi-baggers.
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