Man Discovers Father's Rs 1 Lakh JSW Steel Shares Now Worth Rs 80 Crore

A guy recently uncovered old JSW Steel share certificates purchased by his father for Rs 1 lakh in the 1990s, sparking a viral narrative of long-term investing on Reddit.  These shares, which have been kept for more than three decades, are now valued at around Rs 80 crore.

The finding was made after investor Sourav Dutta tweeted the story on X, citing a Reddit user who inherited the shares.  Dutta wrote, "A guy on Reddit discovered JSW shares purchased by his father in the 1990s for Rs 1 lakh."  Worth Rs 80 crore today.  "The power of buying right and selling after 30 years."

This post went viral on X, with many users thanking the Reddit user and sharing their own experiences with successful buy-and-hold investment tactics. 

"People don't realise how stock splits, bonuses, and dividends accumulate over time.  "It's magical," wrote Anhad Arora (@AnhadArora7).  "True magic and the power of holding," Dutta explained.  Another X user, Prasenjit (@Star_Knight12), tweeted, "Now, he may retire and spend his life calmly.  Can even create a decent business out of it, so kudos to him."

JSW Steel Ltd is a significant steel company in India, recognized for its market dominance.  The company's share price is approximately ₹1,004.90, with a market capitalisation of ₹2.37 trillion.  The company's stock has continually shown significant growth, rewarding patient investors over the years.