Man finds father's JSW Steel shares bought for Rs 1 lakh in 1990, it's worth Rs 80 crore now

Documents of ownership shared by the Reddit user. JSW Steel Ltd is a major steel manufacturer in India, known for its strong market presence. Currently, the company's share price hovers around Rs 1,004.90, with a market capitalisation of Rs 2.37 trillion. (Image credit: @Dutta_Souravd/X)

A viral story of long-term investing has surfaced on Reddit, as a man recently discovered old JSW Steel share certificates his father purchased in the 1990s for Rs 1 lakh. After being held for over three decades, these shares are now reportedly valued at approximately Rs 80 crore.

The discovery came to light after investor Sourav Dutta shared the tale on X, crediting a Reddit user who inherited the shares. Dutta posted, "Guy on Reddit discovered JSW shares bought by his dad in the 1990s for Rs 1L. Worth Rs 80 crore today. Power of buy right, sell after 30 years."

Guy on Reddit discovered JSW shares bought by his dad in the 1990s for 1L.Worth 80Cr today.Power of buy right sell after 30yrs. pic.twitter.com/mZTpGt4LII
Sourav Dutta (@Dutta_Souravd) June 7, 2025

This post resonated widely on X, with many users congratulating the Reddit user and sharing their own experiences with successful buy-and-hold investment strategies.

"People don’t realise how stock splits, bonuses and dividends add up over time. It’s magical," commented Anhad Arora (@AnhadArora7). "True magic and the power of holding," replied Dutta. Another X user Prasenjit (@Star_Knight12) wrote, "Now, he can retire and live his life peacefully. Can even make a good business from it, a huge congratulations to him."

JSW Steel Ltd is a major steel manufacturer in India, known for its strong market presence. Currently, the company's share price hovers around Rs 1,004.90, with a market capitalisation of Rs 2.37 trillion. The company's shares have consistently demonstrated substantial growth, amply rewarding patient investors over the years.

This discovery echoes another recent incident where a Chandigarh man, Rattan Dhillon, found a physical certificate for 30 shares of Reliance Industries Limited (RIL) bought in 1988. Dhillon, lacking stock market knowledge, sought guidance on X, sharing images of his certificates. An X user estimated that, considering three stock splits and two bonuses, the original 30 RIL shares would now amount to 960 shares, valued at roughly ₹11.88 lakh.

Read more: Man discovers his grandparents bought SBI shares for Rs 500 in 1994. What they are worth today