From Rs 1 lakh to Rs 80 crore: Redditor shares how his father's 1990s investment transformed their lives

Time of India

3 hours ago

A remarkable story shared on the social media platform X by
stock market
enthusiast
Sourav Dutta
has captured the attention of both seasoned and novice investors. On Saturday, 7 June 2025, Dutta posted an incident involving a Reddit user who unexpectedly discovered that he had inherited a significant quantity of
JSW Steel
shares from his late father. These shares, originally acquired in the 1990s for Rs 1 lakh, have now appreciated to an astounding market value of nearly Rs 80 crore.
"Power of buying right sell after 30 years ..." wrote Dutta on X. The post has gone viral, gaining more than 12K likes.
This instance has reignited conversations around the benefits of
long-term investing
in equity markets. Dutta's post underscored how crucial it is to invest in quality companies at the right moment and to remain patient with one's investments. Holding strong-performing stocks over a long duration can deliver extraordinary gains that short-term strategies often fail to match.
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— Dutta_Souravd (@Dutta_Souravd)
The story quickly went viral, prompting a flurry of responses from other users on platform X. Many supported the concept of long-term investing, noting that building wealth in the stock market is less about constant trading and more about disciplined holding. One user emphasized that rather than rushing to sell stakes in fundamentally strong businesses, investors should give time a chance to generate compounding returns. The principle here is not just about investment—it's about building financial legacies.
Another user raised the idea of "buy and forget," suggesting that simply purchasing quality stocks and ignoring the day-to-day noise might work wonders. Dutta responded by cautioning that while buying and holding is powerful, one must also monitor the investment to ensure the company continues on a sound financial path.
One investor chimed in with an observation that often goes unnoticed by new participants in the market—the cumulative impact of corporate actions such as stock splits, bonus issues, and dividend payouts over the years. These mechanisms, when combined with consistent performance, contribute significantly to wealth creation.
On the same day, JSW Steel's performance in the stock market reflected its strong track record. The share price closed at ₹1,004.50, marking a 3.70% increase from the previous session's closing rate of ₹968.65. Since the company's public listing in 1996, JSW Steel's share value has multiplied by over 4,865%, transforming modest initial investments into immense fortunes. Back then, shares traded at less than ₹20 apiece.
In recent years alone, the company has delivered more than 430% returns over the last five years, and nearly 10% in the past year. So far in 2025, it has gained over 10% and has moved up 2.56% during the past five trading sessions, maintaining its position as a valuable long-term asset.