Markets - Machine to transfer the money to Patient from Impatient - A Brief Story of Harshadbhai's Favorite ACC
Pranam In this post, 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 invested @ Rs.10,000 the highest price of ACC in June 1992 would have sold the share as that is what most of us will do in such a chaotic environment . The following chart is self explanatory - Points to be noted - 1.The Base price of one share of ACC which was Rs.10,000 at its peak of 1992 is now Rs.80,680.6 i.e approximately 8X 2. The CAGR returns including dividends till December 2022 is 7.7% . 3. Rs.10,00,000 invested in June 1992 ( the most stupid decision) is now Rs.92,38,080 i.e 9X In many documents it is clarified that based on the research carried out by Harshadbhai and his team , they started purchasing the shares of ACC from a level of Rs.300/- and effected most of the purchases by Rs.3000/-. The stock the