Investor claims JSW Steel shares bought for Rs 1 lakh in 90s are now worth Rs 80 crore
Some people inherit houses, others stumble upon generational wealth in forgotten folders. An investor shared the story of a man who found JSW Steel share certificates that his father bought back in the 1990s for Rs 1 lakh. Three decades later, the investor claims that the worth of those papers has turned to Rs 80 crore.The story went viral after investor Sourav Dutta shared the photographs of the share certificates in a post on X, crediting a Reddit user who found the old shares among his late father's possessions.advertisementAccording to the post, the father had invested Rs 1 lakh in JSW Steel nearly 30 years ago. That quiet decision now translates into a fortune.
'Guy on Reddit discovered JSW shares bought by his dad in the 1990s for Rs 1L. Worth Rs 80Cr today. Power of buy right, sell after 30 years,' Sourav posted.Take a look at the post here:The post struck a chord with thousands of users online. Social media users applauded the benefits of long-term investing. While some marvelled at the sheer return, others chimed in with their own experiences, crediting stock splits, bonuses, and compounding dividends as silent wealth builders.'What people don't realise is how stock splits, bonuses, and dividends add up over time. It's magical,' a user said.'Now, he can retire and live his life peacefully. Can even make a good business from it. A huge congratulations to him,' a user said, while another added, 'People don't realise how stock splits, bonuses and dividends add up over time. It's magical.'advertisementOne of the users said, 'Don't be in a rush to sell good businesses. If the fundamentals are intact, let time do the heavy lifting. This is not just investing, this is legacy creation.'Not everyone saw it through rose-tinted glasses, though. 'Bro, but if someone had Rs 1 lakh to dump in the 1990s and forget about it, then probably the family was insanely rich irrespective of today's share value,' one user pointed out.See the comments here:JSW Steel, now a heavyweight in India's steel sector, trades at around Rs 1004.90 per share with a market cap of Rs 2.37 trillion. It has rewarded its long-haul investors handsomely. However, the claims made in the viral post remain largely exaggerated. Based on publicly available data, JSW Steel has indeed delivered well over a 4,900% gain since listing, but that does not align with the claims made in the viral post.The claims are unlikely to be true unless the man and his father held shares untouched for 30 years with conviction and incredible patience. But if there's a lesson here, it's this: investing isn't always about quick gains. Sometimes, it's about playing the long game and letting time do what it does best.Tune InMust Watch
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