2 days ago
Man found 35 year old shares bought by dad for Rs 1 Lakh, now it's worth Rs…, the company is…
This might sound unbelievable, but it's shared on social media and has gone viral. It also shows the success story of India as an investor's income grew in the last 3 decades. It also shows the importance of picking the right stock at the right time and having the patience to hold onto it.
A man named Saurav Dutta shared this story on social media platform X. He explained how someone who invested Rs 1 lakh in Jindal Vijayanagar Steel in 1990 can earn huge profits now after almost 35 years. The post has gone viral and has become a part of social media discussion.
In 2005, Jindal Vijayanagar Steel was merged into Jindal South West (JSW) Steel in a 1:16 ratio. It means shareholders received 16 JSW Steel shares for each share of Jindal Vijayanagar Steel.
In the post, Dutta narrated how the investment in Jindal Vijayanagar Steel might have made the owner of the shares so rich. Shortly after the investment, the company merged with JSW Steel which started its transformation.
Now, he can retire and live his life peacefully.
Even can make a good business from it, a huge congratulations to him.
— Prasenjit (@Star_Knight12) June 8, 2025 Netizens Reaction On Viral Post
User named Prasenjit , wrote, ''Now, he can retire and live his life peacefully. Even can make a good business from it, a huge congratulations to him.''
On which Dutta affirmed saying, ''Absolutely.''
Another user commented on post, ''Don't be in a rush to sell good businesses. If fundamentals are intact let time do the heavy lifting. This is not just investing this is legacy creation.''
On which Dutta wrote, ''We should hold good companies close.''
