New Delhi, June 24 -- The Harshad Mehta story is often admired and remembered for its thrilling nature. Even today, it is recognised as a tale of stock market glamour, overnight wealth, epic valuations, stock rallies and spectacular downfall.

Today, more than three decades later, however, the 1992 scam continues to remain significant not only because of its historical relevance for the Indian equity markets and its massive scale, but because it exposed timeless human weaknesses such as overconfidence, greed, thrill, blind trust, and the temptation of generating money easily. These traits continue to shape financial decisions even in 2026.

Glimpses of the same human weakness have been seen in recent SEBI orders and press releases, where,...