"‘Grandfather had bought shares years ago, now the man is a millionaire.’ Such stories often circulate on social media. Sometimes it’s about MRF shares, other times L&T shares make headlines. Now, a new name has joined the list — JSW Steel."
A man recently discovered that his father had purchased ₹1 lakh worth of JSW Steel shares back in 1990. Today, those shares are worth ₹80 crore. A user claimed this on Reddit along with photos of the share certificates, which were later posted on X by a man named Saurav Dutta. The post has gone viral on social media. Many are sharing it as a classic example of the benefits of long-term investing.
Some people are shocked by the massive returns, while others are pointing out how stock splits, bonuses, and dividends can also play a major role in wealth creation.
One user commented, “People often don’t realize that stock splits, bonuses, and dividends are powerful tools for making money. They can offer huge benefits in the long run.”
However, some people chose to share views that went against the general excitement. One user wrote, “Think about it—if someone had ₹1 lakh to invest back in 1990, they must have belonged to a wealthy family. As for the comments, people write whatever they want since the option is there. But one thing is certain: whoever owns those shares is definitely very lucky, no matter what the rest of the world says.”
For context, JSW Steel is considered one of the leading companies in India’s steel sector. Currently, one share of the company is priced at ₹1,004.90, and its market cap stands at ₹2.37 lakh crore. The company has delivered strong returns for its long-term investors.
However, the viral post’s claim seems to be somewhat exaggerated. According to publicly available data, JSW Steel has delivered around a 4,900% return since its listing. Based on this figure, the viral claim does not hold up and appears to be inaccurate.
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