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 (approximat

See Full Page