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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.

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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.

Entertainment

Deepika Padukone and Ranveer Singh welcome baby girl, their second child

Deepika Padukone and Ranveer Singh have welcomed their second child, a baby girl. The couple announced the birth on Instagram.

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Bollywood stars Deepika Padukone and Ranveer Singh have welcomed their second child, a baby girl. The couple announced the arrival of their daughter on Instagram on Saturday through a post featuring a baby’s footprint.

The newborn is the couple’s second daughter. Deepika and Ranveer became parents for the first time in September 2024, when they welcomed their daughter Dua.

The couple has not announced the name of their newborn daughter in the post.

Deepika Padukone and Ranveer Singh’s last spotting

Just a day before the announcement, Deepika Padukone visited Mumbai’s Siddhivinayak Temple with Ranveer Singh and his parents.

Deepika was seen wearing an orange and purple kurta set, while Ranveer wore a purple kurta with white trousers. The visit came as the couple awaited the arrival of their second child.

Interestingly, the couple had also visited Siddhivinayak Temple in September 2024, shortly before the birth of their first daughter Dua.

Deepika and Ranveer’s family

Deepika Padukone and Ranveer Singh married on November 14, 2018, in Lake Como, Italy. Their wedding featured ceremonies reflecting their Konkani and Sindhi backgrounds.

The couple’s relationship began while working together on Goliyon Ki Raasleela Ram-Leela in 2013. They later got engaged in 2015 and welcomed their first child, Dua, on September 8, 2024.

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Cricket news

Abhishek Sharma smashes fastest T20I century by Indian in India vs Afghanistan 3rd T20I

Abhishek Sharma smashed a 30-ball century against Afghanistan in the third T20I, breaking Rohit Sharma’s record for the fastest T20I hundred by an Indian batter.

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Abhishek Sharma

Abhishek Sharma produced a record-breaking batting performance for India against Afghanistan in the third T20I at the Arun Jaitley Stadium in New Delhi on Thursday. The left-handed opener smashed a century in just 30 balls, becoming the fastest Indian batter to score a hundred in men’s T20 Internationals.

Abhishek eventually made 108 off 34 balls, with nine fours and 11 sixes. His century came in the ninth over of India’s innings and surpassed the previous Indian record of 35 balls, held by Rohit Sharma.

Abhishek Sharma century breaks Rohit Sharma’s record

Abhishek brought up his hundred from 30 balls, breaking Rohit Sharma’s previous record of a 35-ball T20I century against Sri Lanka in Indore in 2017.

The milestone also placed Abhishek third overall on the list of fastest T20I centuries. The two faster centuries in men’s T20I cricket belong to Estonia’s Sahil Chauhan, who scored a 27-ball century, and Turkey’s Muhammad Fahad, who reached his hundred in 29 balls. 

Among batters from Full Member nations, Abhishek’s 30-ball century moved him to the top of the list. The previous mark was 33 balls, achieved by Zimbabwe’s Sikandar Raza and New Zealand’s Finn Allen.

Abhishek Sharma dominates the powerplay

Abhishek’s attack began from the opening overs. He reached his half-century in only 16 balls before accelerating further.

During the first six overs, Abhishek scored 76 runs from 22 balls while remaining unbeaten at the end of the Powerplay. That became the highest individual score by a batter in the first six overs of a men’s T20I, according to NDTV and ICC.

India also reached 100 without losing a wicket during the Powerplay, with Abhishek and Sanju Samson combining to take India to 100 without loss at the end of the first six overs. 

Abhishek dismissed for 108

Abhishek’s record-breaking innings ended at 108 when Afghanistan spinner Rashid Khan dismissed him just before the halfway stage of India’s innings.

His final score came from 34 deliveries and included nine fours and 11 sixes, giving him a strike rate of more than 300.

Sanju Samson also contributed to India’s fast start before continuing his innings after Abhishek’s dismissal. The opening pair had put India in a strong position during the early overs.

India’s series position

India entered the third T20I with an unassailable 2-0 lead after winning both of the first two matches against Afghanistan by seven wickets.

Abhishek had already made 82 in the opening match and 39 in the second T20I before producing his record century in the final game.

The third match is being played at the Arun Jaitley Stadium in Delhi, with Afghanistan winning the toss and choosing to field.

What record did Abhishek Sharma break?

Abhishek Sharma broke Rohit Sharma’s record for the fastest T20I century by an Indian batter. Rohit had scored his century in 35 balls against Sri Lanka in 2017, while Abhishek reached the landmark in 30 deliveries against Afghanistan.

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Cricket news

Mohsin Naqvi may exit ACC before 2027 Asia Cup, India could get trophies

Mohsin Naqvi’s current term as ACC president is due to end in April 2027, before the next men’s Asia Cup. A report suggests India may receive its Asia Cup trophies after his tenure ends.

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Mohsin Naqvi

Mohsin Naqvi’s tenure as president of the Asian Cricket Council (ACC) could end before the next men’s Asia Cup, potentially opening the way for the Indian cricket team to receive the Asia Cup trophies currently held by the continental governing body.

Naqvi, who is also Pakistan’s Interior Minister, became ACC president on April 3, 2025. According to the report, the ACC president serves a two-year term, which means Naqvi’s current tenure is scheduled to end on April 3, 2027.

The next men’s Asia Cup is scheduled to be played in June 2027, meaning the tournament is set to take place after Naqvi’s current term expires. An extension of his tenure would require unanimous consent, according to the report.

India’s Asia Cup trophies remain with ACC

The issue of the trophies has become a major point of contention following recent Asia Cup events.

The Indian men’s team defeated Pakistan in the 2025 Asia Cup final but is yet to receive the tournament trophy. The trophy was subsequently kept at the ACC office.

A similar controversy emerged during the women’s Asia Cup. The Indian women’s team did not receive the trophy from Naqvi after winning the final against Sri Lanka.

The latest report suggests that once Naqvi leaves the ACC presidency, the Indian cricket team may receive possession of both Asia Cup trophies.

Naqvi’s re-election considered unlikely

Naqvi became ACC president after Jay Shah, who held the position from 2021 to 2025. Shah was unanimously re-elected for a second term, according to the report.

However, the report says Naqvi’s chances of securing another term are considered very slim in light of the controversies surrounding his tenure. It also reports that the next ACC president is likely to come from the Afghanistan Cricket Board, with the next term expected to run until mid-2029.

For now, however, Naqvi remains the ACC president, with his existing term scheduled to continue until April 3, 2027.

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