Share Market: How Grandfather's Long-Term Investment in SBI Stocks Helped Dr. Tanmay Earning Good Profits

Share Market: We all want to be rich overnight, but there are many paths to wealth, including hard work. Dr. Tanmay Motiwala, a pediatric surgeon in Chandigarh, tells a different story. His grandfather invested Rs 500 in SBI stocks in 1994. Today, the value of those stocks is around Rs 3,75,000. Dr. Tanmay shared this on social media, explaining how his family received certificates for holding 50 shares purchased for Rs 10 per share. Currently, the stock is trading at around Rs 762 per share. 

Long-Term Investment Benefits

Including all the dividends and rights issues over the past three decades, the total value of the stock is around Rs 3, 75,000, which represents almost 750 times the initial investment. This story not only shows the kindness of his grandfather but also highlights the power of long-term investment and the magic of compounding returns, demonstrating how wealth can be built over time through smart investing.