English हिन्दी
Connect with us

Trending

Man’s forgotten JSW Steel shares from 1990s now worth Rs 80 crore: A lesson in patience

A man finds old JSW Steel shares his father bought forRs1 lakh in the 1990s. Now worthRs80 crore, the story highlights the immense value of long-term investing.

Published

on

A stunning story of forgotten wealth has captured the attention of Indian investors and social media users alike. A man recently discovered physical share certificates of JSW Steel purchased by his father in the 1990s for Rs1 lakh. Today, those shares are reportedly valued at a jaw-dropping Rs 80 crore, reflecting the immense long-term growth potential of stock market investments.

Power of patience: Long-term investment pays off

Investor Sourav Dutta shared this revelation on social media platform X, citing a Reddit post where the user explained how the 1990s investment had multiplied manifold. The post read, “Guy on Reddit discovered JSW shares bought by his dad in the 1990s forRs1L. Worth Rs 80Cr today. Power of buy right sell after 30 yrs.”

The story has gone viral and has resonated strongly with financial circles online. It has reignited conversations around the value of long-term investing and wealth creation through patience, compounding, and faith in quality businesses.

Social media reacts with admiration and insights

Reactions on social media were a mix of admiration and insightful commentary. One user posted, “Now, he can retire and live his life peacefully. Can even make a good business from it, a huge congratulations to him.” Another highlighted how seemingly small investments can transform with time: “People don’t realise how stock splits, bonuses and dividends add up over time, it’s magical.”

A third user offered a practical perspective: “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.”

Some also pointed out that investing Rs1 lakh in the early 1990s indicated a strong financial background even back then, suggesting that the family may already have had some level of affluence.

JSW Steel’s consistent growth journey

JSW Steel Ltd, now a behemoth in India’s steel manufacturing sector, has rewarded long-term investors handsomely. With a current share price of around Rs 1,004.90 and a market capitalisation of approximately Rs 2.37 trillion, the company has maintained a strong presence both domestically and globally. The 30-year growth of its shares speaks volumes about the company’s consistent performance and investor trust.

Cricket news

Virat Kohli hits record 53rd ODI century as India build big total in Raipur

Virat Kohli’s superb 53rd ODI century and Ruturaj Gaikwad’s 105 powered India past 280 in the second ODI against South Africa after a strong 195-run stand.

Published

on

virat kohli

India put up a commanding batting display in the second ODI against South Africa in Raipur, with Virat Kohli smashing a record-extending 53rd ODI century and Ruturaj Gaikwad delivering a superb hundred to push the hosts near the 300-run mark.

Kohli anchors India’s recovery after early wickets

After being asked to bat first, India stumbled early with Rohit Sharma and Yashasvi Jaiswal departing at a score of 62. The situation changed once Virat Kohli and Ruturaj Gaikwad joined forces for the third wicket.

The pair stitched a formidable 195-run partnership, stabilising the innings and then accelerating with precision. Kohli, who had already hit a century in the previous ODI, continued his rich form by reaching his 53rd ODI ton—also his 84th international century.

Gaikwad strikes his first ODI hundred

Ruturaj Gaikwad took time to settle but shifted gears beautifully, bringing up his maiden ODI century with a boundary. His 105 off 83 balls included strong strokes, including a six and four in a single over off Keshav Maharaj. He eventually fell to Marco Jansen while attempting to clear the boundary.

India surge past 280

Kohli remained firm at the crease, striking timely boundaries and even surviving a close chance off Corbin Bosch. KL Rahul supported him at the other end as India crossed 280 in the 39th over, building momentum for a possible 350-plus total.

Continue Reading

India News

Dead frog found in Gwalior school meal sparks probe into hygiene lapses

A dead frog discovered in a Mid-Day Meal at a Gwalior school has led to a district investigation following earlier complaints of poor food quality.

Published

on

A disturbing incident at a government primary school in Gwalior has triggered an official inquiry after a dead frog was found in food prepared under the Mid-Day Meal scheme. The discovery has renewed concerns over food safety standards in schools across Madhya Pradesh.

Viral image prompts swift action by district authorities

A photo circulating online showed a dead frog in a cooked vegetable dish reportedly served at the Government Primary School in Gokulpura. The incident came to light when teachers noticed the contamination before lunchtime. They recorded a video, alerted authorities and pointed out that complaints about foul smell, insects and poor-quality food had been raised earlier as well.

The uproar prompted immediate intervention from the District Panchayat. The Chief Executive Officer ordered a detailed probe, directing District Education Officer Hariom Chaturvedi to verify the video’s authenticity and review how the contamination occurred.

Separately, senior officials, including Collector Ruchika Chauhan, have sought reports from the school administration and the Mid-Day Meal provider. Authorities have stated that strict disciplinary action will follow if negligence is confirmed.

Renewed scrutiny of the Mid-Day Meal programme

This incident adds to ongoing concerns about hygiene and monitoring under the meal scheme, which is meant to improve child nutrition and encourage school attendance. Despite being a key welfare initiative, repeated lapses in food quality have been reported in the state, raising questions about oversight and accountability.

Continue Reading

Latest world news

Where is Imran Khan? Sisters allege police assault amid rumours on jailed ex-PM’s condition

Imran Khan’s sisters have accused police of assaulting them during a peaceful attempt to meet the jailed former prime minister, as PTI alleges he remains in isolation without legal or family access.

Published

on

Three sisters of former Pakistan prime minister Imran Khan have alleged that they were manhandled by police outside Rawalpindi’s Adiala Jail after they gathered to seek a meeting with the jailed leader. Their claim comes at a time when rumours about Khan’s death in prison have been circulating on social media, prompting renewed concerns over his health and the restrictions placed on his visitors.

Sisters claim denial of meeting, allege “brutal” assault

Khan’s sisters — Noreen Khan, Aleema Khan and Uzma Khan — said they were not permitted to meet him for over three weeks, despite repeated attempts. According to Pakistan Tehreek-e-Insaf (PTI), their supporters were also present outside the jail when police allegedly used force to disperse them.

In a letter to Punjab police chief Usman Anwar, Noreen Niazi said the group had gathered peacefully without blocking traffic or engaging in unlawful activity. She claimed that streetlights were switched off before police personnel moved in and assaulted those present.
She alleged she was dragged by her hair, thrown to the ground and injured, while other women were slapped and pulled away from the site. The sisters demanded immediate action against the officials involved.

PTI alleges isolation of the former PM in jail

Imran Khan, imprisoned since August 2023 in multiple cases, is currently held in isolation, the party claimed. PTI representatives said he is being denied access to books, essential items and even legal consultation. A lawyer from his legal team stated that meetings have been blocked for over a month, adding that even Khyber-Pakhtunkhwa Chief Minister Sohail Afridi was denied permission despite several attempts.

Rumours of Khan’s death in custody, widely circulated online in recent days, have heightened concerns among supporters, prompting renewed demands for clarity on his well-being.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com