X User Holding 100 Physical JVSL Shares From 1995 Asks Value, Netizens Estimate Whopping Amount | Markets News

Pic Credit: Ravi Handa’s X account (@ravihanda)

An X user’s post asking the current worth of 100 shares of Jindal Vijayanagar Steel Limited he has been holding since 1995 has piqued the interest of netizens. Many X users jumped to calculate the current worth of these shares.

One user estimated that the current worth of these shares is Rs 1.8 crore.

He gave the explanation like this:

• An investment of 100 shares in Jindal Vijayanagar Steel Ltd (JVSL) in 2000.
• In 2005, JVSL merged with JSW Steel, with a swap ratio of 1 JVSL share equal to 16 JSW Steel shares. This means 100 JVSL shares converted into 1,600 JSW Steel shares.
• In 2017, JSW Steel announced a stock split of 1:10, so 1,600 shares became 16,000 shares.
• At the current market price of Rs 1,142 per share, the holding is valued at: 16,000 x Rs 1,142 = Rs 1,82,72,000 (approximately Rs 1.8 crore).

One user took the help of Grok, X’s AI chatbot, to decode the current worth, whose answer was as follows:

“These are 100 shares of Jindal Vijayanagar Steel Ltd from 1995. After the 2005 merger with JSW Steel (1:16 ratio) and the 2017 10:1 split, they equal 16,000 JSW Steel shares. At today’s closing price of Rs 1,142.70, the value is about Rs 1.83 crore. Consult a broker for demat/claims.”

Jindal Vijayanagar Steel Ltd (JVSL), established in the early 1990s, was part of the OP Jindal Group and became one of the first integrated steel plants in the private sector in India. Located at Toranagallu in Karnataka, the plant was set up with modern technology to produce flat steel products and played a key role in reducing India’s dependence on imports. JVSL’s growth and scale eventually led to its merger with JSW Steel in 2005.