Recently a guy named “Ravi” seeking advice contacted the Zee Business media channel.
Ravi’s grandfather bought 20,000 shares in 1990. Somehow due to an accident, the grandfather was paralyzed and his son looked after him. After his son's untimely death, his grandson looked after him.
Suddenly he gained consciousness in 2017 and informed his grandson that he does not possess much but he had bought MRF 20,000 shares in 1990.
Now let’s see how much is Ravi worth today.
So lets calculate,
Rs. 69,290 * 20,000 Shares = 138.5 Crores.
Ravi is worth more than 1.3 Billion rupees.
Ravi’s grandfather bought the shares for dirt cheap rate, hold it with patience for decades and today the same MRF shares are the most expensive shares in the Indian Index, with a return of over 14,700%.