The ACC Ltd (Associated Cement Companies) share price in 1992 remains one of the most iconic stories in India’s stock market history. During the Harshad Mehta scam era, the ACC stock witnessed a meteoric rise, symbolising both the euphoria and the downfall of the early 1990s market boom.
ACC Share Price 1992 to 2025
| Year | Share Price [BSE] |
| 1992 | 158 |
| 1993 | 145 |
| 1994 | 187 |
| 1995 | 220 |
| 1996 | 161 |
| 1997 | 140 |
| 1998 | 121 |
| 1999 | 109 |
| 2000 | 273 |
| 2001 | 182 |
| 2002 | 178 |
| 2003 | 166 |
| 2004 | 283 |
| 2005 | 370 |
| 2006 | 581 |
| 2007 | 1124 |
| 2008 | 1050 |
| 2009 | 567 |
| 2010 | 989 |
| 2011 | 1085 |
| 2012 | 1206 |
| 2013 | 1452 |
| 2014 | 1122 |
| 2015 | 1591 |
| 2016 | 1382 |
| 2017 | 1438 |
| 2018 | 1856 |
| 2019 | 1519 |
| 2020 | 1578 |
| 2021 | 1813 |
| 2022 | 2390 |
| 2023 | 2486 |
| 2024 | 2581 |
| 2025 | 2096 |
ACC Stock price in 1992 was 158 rupees. Its share price in 1994 was 187 rupees. ACC Share price in 2000 was 273 rupees.
Also Read: Wipro Share Price in 1980
Why Did ACC Share Price Jump So High in 1992?
The unbelievable rise of ACC’s share price was largely driven by Harshad Mehta, a stockbroker who exploited loopholes in the banking system to pump huge amounts of money into the stock market.
He selected ACC as one of his key stocks and started buying massive quantities, creating artificial demand and driving prices up rapidly. The stock became a symbol of India’s “rags to riches” stock market era — until the scam broke out.
Aftermath of the 1992 Scam
When the Harshad Mehta scam was exposed in April 1992, ACC’s share price collapsed along with many others. Investors lost billions, and the market faced its worst-ever crash at the time.
This scandal led to major reforms in India’s financial markets, including the establishment of SEBI’s stronger regulatory powers, the introduction of electronic trading systems, and stricter controls over the banking–stock market link.
Legacy of ACC in the Indian Stock Market
Today, ACC Ltd, part of the Adani Group, remains one of India’s largest and most trusted cement companies. While its 1992 price rally is often remembered as a cautionary tale, it also marked a turning point that transformed India’s financial regulations and investor awareness.
About Company
ACC was started on 1 August 1936. The company’s head office is in Mumbai, Maharashtra. The company main product is cement. ACC company works in the Building materials sector.
Frequently Asked Questions (FAQs)
1. What was the ACC share price in 1992?
In 1992, ACC shares were initially priced around ₹100–₹200 per share. During the Harshad Mehta bull run, the price surged to nearly ₹9,000 per share, one of the highest jumps ever seen in Indian stock market history.
2. Why did the ACC share price rise so much in 1992?
The dramatic rise in ACC’s share price in 1992 was mainly due to Harshad Mehta’s manipulation of the stock market. He used illegal funds from banks to buy large quantities of ACC shares, inflating its price artificially.
3. How much did ACC share fall after the scam was exposed?
After the Harshad Mehta scam was exposed in April 1992, ACC’s share price crashed from around ₹9,000 to nearly ₹500–₹700 per share, erasing massive investor wealth.
4. What is ACC Ltd known for today?
Today, ACC Ltd is one of India’s leading cement manufacturers and is part of the Adani Group. The company continues to be a strong player in the infrastructure and construction sector.
5. Who owned ACC in 1992?
In 1992, ACC Ltd was an independent cement company. Later, it became part of the Holcim Group (Switzerland), and since 2022, it has been acquired by the Adani Group.
6. What lessons were learned from the ACC 1992 stock episode?
The 1992 ACC stock incident highlighted the importance of regulatory oversight, transparency, and investor education. It also led to major reforms in India’s financial system, including stronger SEBI powers and electronic trading systems.
7. Is ACC share a good investment today?
ACC remains a strong brand in the Indian cement industry. However, like any stock, investment decisions should be based on current fundamentals, not historical events. Always check the company’s financial reports and market outlook before investing.
Share
Hi! I couod have sworn I’ve visited your blog before
but aafter going through a few of the posts I realized it’s new
to me. Anyways, I’m definitely delighted I discovered it and I’ll be book-marking it and checking back frequently!