Overview
- The shares were originally purchased for ₹1 lakh in the early 1990s by the investor’s father under Jindal Vijayanagar Steel, remaining untouched for three decades.
- JSW Steel Ltd’s current share price of around ₹1,004.90 has driven the total value of the holding to roughly ₹80 crore.
- A post on X by market enthusiast Sourav Dutta shared images of the certificates, triggering widespread discussion on buy-and-hold investment strategies.
- Analysts highlighted that a scaled-down ₹10,000 investment in JSW Steel at the same time would now be worth about ₹8 crore, illustrating compounding gains.
- Investors are debating the long-term capital gains tax on an ₹80 crore redemption, with potential rates estimated near 30%.