When it comes to unclaimed dividends of ACC cements

When it comes to unclaimed dividends of ACC cements, Harshad Mehta will always be remembered. I have vivid memories of the 1980s.

There was a tiny one-inch article on the front page of the Economic Times which talked about an impending shortage of cement.

You must remember those were times of scarcity in almost everything during India's socialist era. At that point, ACC's stock was at 400, and my uncle decided to invest. He worked as a civil engineer for the Government of India and had a basic understanding of the paint industry due to his involvement in construction.

He would engage in discussions and share his wisdom with his children. Since his children were my friends, they would eagerly relay these stories to me, both to showcase their father's intelligence and wealth.

ACC shares stock had surged to 1000, which, in those slow-moving days, was a substantial gain over a short period. It was ground groundbreaking performance on those days.

Without much investigation, my friend's father attributed this rise to my brilliant foresight about the cement shortage.

Little did I know that it was mainly due to Harshad Mehta's influence!

The stock continued its ascent, reaching astonishing heights, peaking at around 9000!

Times were so furious that people would travel from distant places with cash in hand, walking into Kolkata brokers' offices and inquiring about Harshad Mehta's favourite stocks.

I once heard a story from a broker in Kolkata about a man from a remote rural place who walked in and wanted to purchase a large quantity of stock he referred to as "Disco."

After some initial confusion, it became clear that he meant Tisco.

When he was informed that the price was far too high, he confidently stated that he had been advised to buy it as it was about to soar.

Unfortunately, he bought near the peak and incurred a significant loss.

Those exhilarating days will likely return when the market experiences another crash in the medium-term future.

These market shocks have led investors to seek more information and knowledge instead of blindly following the actions of popular figures.

Let me share the chart that depicts the historic movement of ACC cement shares counting from 1990.

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