1 lakh became 80 crores, father's investment made son rich!
We often get to read such stories on social media, in which it is claimed that someone's grandfather had bought some shares of a company years ago and today the value of those shares has become in crores. This story is also somewhat similar, but in this, the role is of the father and not the grandfather. Actually, a person's father had invested one lakh rupees in a company, today that investment is giving a profit of 80 crores.
What is the whole story?
Imagine if your father had invested only 1 lakh rupees in the shares of Jindal Vijayanagar Steel Limited (now JSW Steel) in the 90s, and today it has become 80 crores rupees! Can't believe it, right? But recently a Reddit user found his father's old share certificate and when he saw its value, his eyes were wide open.
Share certificate photo goes viral
This story shared on Reddit was first shared by Sourav Dutta on X. He wrote, “A person found his father’s JSW shares from the 90s which were worth Rs 1 lakh, today they are worth Rs 80 crore. Buy right and sell after 30 years, this is the real magic.” The photo of these share certificates also went viral on social media. Yellowed papers and a big financial lesson hidden behind them.
How did this miracle happen?
A user named Anhad Arora wrote, “People do not understand how stock splits, bonus shares and dividends together increase wealth. This is really magic.” Another investor advised, “Don’t sell a good business too soon. If the company’s foundation is strong, then let time do its work.” A user jokingly wrote, “I have told my son to open a second demat login for me when he turns 18. The password is in the Godrej locker!”