Career
By 1990, Mehta rose to prominence in the stock market. He was buying shares heavily. The shares which attracted attention were those of Associated Cement Company (ACC). The price of ACC was bid up to Rs. 10,000. When asked, he used the replacement cost theory as an explanation.
He was alleged to have an expensive lifestyle. Through the second half of 1991 Mehta had earned the nickname of the ‘Big Bull’, because he was said to have started the bull run.
Mehta made a brief comeback as a stock market guru, giving tips on his own website as well as a weekly newspaper column.
Read more about this topic: Harshad Mehta
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