A Reddit post has sparked intense buzz online after a user claimed to have found JSW Steel share certificates that his father bought back in the 1990s for just Rs 1 lakh, now reportedly valued at a staggering Rs 80 crore.
The update was shared by investor Sourav Dutta, who shared the story on X (formerly Twitter). “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,” he posted. The statement caught fire, with users across the platform reacting in awe and sharing similar tales of long-term investing rewards.
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JSW Steel, one of India’s top steel producers, has seen its stock multiply massively over the decades through a mix of growth, stock splits, and bonuses. JSW Steel share price was trading in the red, down 0.34 per cent at Rs 1004.80, on June 10 at 12:44 pm, on BSE. The company enjoys a market capitalisation of Rs 2,45,719.21 crore.
JSW Steel price hit its 52-week high of Rs 1,074.90 on March 25, 2025. JSW Steel share price has moved over 11 per cent on a year-to-date basis.
The post struck a chord with retail investors and market watchers alike. “People don’t realise how stock splits, bonuses and dividends add up over time. It’s magical,” wrote Anhad Arora. Dutta responded, “True magic and the power of holding.” Another user, Prasenjit, chimed in: “Now, he can retire and live his life peacefully. Can even make a good business from it, a huge congratulations to him.”
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This isn’t the first time an old stock certificate turned into a small fortune. Earlier this year, a man in Chandigarh, Rattan Dhillon, discovered a 1988 paper certificate for 30 shares of Reliance Industries. Unfamiliar with investing, he turned to X for help. One user calculated that the shares, after multiple splits and bonuses, had grown to 960 shares, worth nearly Rs 11.88 lakh, as per various media reports.
