Power Of Buy Right And Forget: Man Inherits JSW Steel Shares Worth 80 Crore From His Dad

Power of buy right, forget for generations. That’s the investing mantra that has captured social media’s attention after a Reddit user discovered JSW Steel Ltd. shares his father bought in 1990 for Rs 1 lakh, now valued at nearly Rs 80 crore.

Stock market enthusiast Sourav Dutta shared the story on X (formerly Twitter), posting photos of the original share certificates issued by Jindal Vijayanagar Steel, the precursor to JSW Steel. “Guy on Reddit discovered JSW shares bought by his dad in the 1990s for Rs 1L. Worth Rs 80 Cr today,” Dutta wrote.

The story has become a talking point for investors and market watchers, many of whom are reflecting on the power of buying and holding quality stocks over decades.

One X user 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.” Another added, “Stock splits, bonuses and dividends add up over time—it’s magical.”

Some pointed out that investing Rs 1 lakh in a single stock in 1990 would have been a significant financial decision. Dutta acknowledged this, noting that even a much smaller investment at the time would have grown substantially. “Even if we scale it down by 90% and say the investment was Rs 10,000, it would’ve been Rs 8 crore today,” he wrote in response to a comment.

The post also generated discussion about taxes on long-term capital gains, with one user asking if a 30% tax rate would apply on such large redemptions. Another user recalled the Jindal Vijayanagar Steel IPO in the late 1990s, saying, “Those were the days.”

Others took a more cautious view, pointing out that while the outcome is impressive, it also highlights the need for patience and an understanding of business fundamentals. One user wrote, “Power of buy right, forget for generations, and hope the company doesn’t go bankrupt.”

The Reddit post has become a clear example of how buying and holding stocks in fundamentally strong companies can create what many are calling “generational wealth,” contrasting sharply with today’s fast-paced trading and short-term speculation.

. Read more on Markets by NDTV Profit.