Latest news with #SouravDutta
NDTV
5 hours ago
- Business
- NDTV
Man Uncovers Father's 1990s JSW Shares Worth Rs 1 Lakh, It's Now Valued At...
A man recently stumbled upon a life-changing fortune after discovering old JSW Steel share certificates his father purchased in the 1990s for just Rs 1 lakh. After holding onto the shares for 30 years, they're now valued in crores, creating "generational wealth" and sparking widespread amazement on social media. This incredible turn of events highlights the power of long-term investing, proving that patience can indeed yield extraordinary returns. In a post on X, investor Sourav Dutta shared a story about a Reddit user who inherited JSW Steel shares from his father, who bought them in 1990 for Rs 1 lakh. Today, those shares are valued at approximately Rs 80 crore. "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," investor Sourav Dutta wrote on X. See the tweet here: 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. — Sourav Dutta (@Dutta_Souravd) June 7, 2025 The post resonated with many on X, who shared their views on the benefits of long-term investing. Many also congratulated the Reddit user and shared their own stories of successful buy-and-hold strategies, highlighting the potential for significant gains with patience and persistence. One user wrote, "Now, he can retire and live his life peacefully. Can even make a good business from it, a huge congratulations to him." Another commented, "People don't realise how stock splits, bonuses and dividends add up over time, it's magical." A third said, "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." A fourth added, 'Bro, but if someone had 1 lac to dump in the 1990s and forget about it, then probably the family was insanely rich irrespective of today's share value." Notably, JSW Steel Ltd is a leading steel manufacturer in India, with a strong market presence and a growing global footprint. As of now, the company's share price is around Rs 1004.90, with a market capitalisation of RS 2.37 trillion. JSW Steel's shares have shown significant growth over the years, rewarding long-term investors handsomely.
Mint
11 hours ago
- Business
- Mint
‘Buy right, sell after…': Here's Reddit man's story of purchasing JSW shares in 1990s — Here's its worth today
A stock market investor and social media user named Sourav Dutta, in his platform X post on Saturday, 7 June 2025, shared a story of a Reddit man, who inherited JSW Steel shares, which are currently worth nearly ₹ 80 crore. In the post, Sourav Dutta cited a Reddit man who allegedly inherited JSW Steel shares from his father. The father reportedly purchased the stocks in 1990 for ₹ 1 lakh. Dutta said that now, as of the current market value, those shares are worth nearly ₹ 80 crore. 'Guy on Reddit discovered JSW shares bought by his dad in the 1990s for ₹ 1L (lakh),' said Dutta in his post. 'Worth ₹ 80 Cr (crore) today,' he said. The market investors highlighted the importance of purchasing a share at the correct time, holding it for the long term, and eventually selling it for a massive profit. 'Power of buy right, sell after 30 yrs,' said Dutta in his post on X. People on the social media platform X also agreed with Sourav Dutta's stance on buying and holding shares for a longer period for higher gains, compared to a shorter profit-booking strategy. '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,' said a platform X account named @marketanalogy. 'Power of buy and forget?!' questioned a platform X user named @dhanapal13, to which Dutta clarified that people should 'Buy and Track' instead. Another user named Anhad Arora said, 'People don't realise how stock splits, bonuses and dividends add up overtime, it's magical.' JSW Steel shares closed 3.70 per cent higher at ₹ 1,004.50 after Friday's stock market session, compared to ₹ 968.65 at the previous market close. Since their listing in the Indian stock market in 1996, the Iron and Steel manufacturers' shares have given stock market investors a total of 4,865 per cent returns on their investment. The shares were trading under ₹ 20 apiece after their listing on the BSE in 1996. JSW Steel shares have given investors more than 430 per cent returns in the last five years and 9.70 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares have gained over 10 per cent in 2025, and are trading 2.56 per cent higher in the last five stock market sessions. The stock hit its 52-week high level at ₹ 1,074.15 on 25 March 2025, while the 52-week low level was at ₹ 854.35 on 5 August 2024, according to BSE data. The company's market capitalisation is at over ₹ 2.45 lakh crore as of the stock market close on Friday, 6 June 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
