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

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."

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.