You You must have heard many such stories that such and such a person had bought shares of a company so many years ago, whose value today has reached crores. You must have also heard stories of huge dividend earnings on investments. Now such a video is going viral on social media, which is surprising people. This video is of an elderly person living in the village. This old man looks very simple. It also doesn’t seem like they will have any decent earnings. But you will be surprised when you hear about the portfolio of this old man.
Shares worth more than Rs 13 crore
In the video, this old man is seen talking in his local language. This old man claims that he has 27,855 shares of Larsen & Toubro (L&T). 2,475 are shares of UltraTech Cement and 4,000 are shares of Karnataka Bank. If we look at the current market value of these shares, then L&T share is currently worth Rs 3705. In this case, the price of 27,855 shares was Rs 10,32,02,775. The share of UltraTech Cement is currently worth Rs 11,952. In this case, the price of 2475 shares is Rs 2,95,81,200. Karnataka Bank share is worth Rs 235. In such a situation, the price of 4000 shares is Rs 9,40,000. If we add the prices of all three shares, then the current price of the shares held by the old man comes to Rs 13,37,23,975.
How is the reaction of the users?
This video is being shared widely on social media. Some users are appreciating the old man, while others are not able to believe it. Some users are saying that the old man is lying. One user wrote, ‘Grandfather’s life has become completely jingalal.’ One said, ‘A man reaps what he sows.’
100 crore portfolio is telling something
Actually this video is old and was shared a lot even a year ago. This video was also posted with many different claims. Some said the old man’s portfolio was worth Rs 100 crore. Whereas, from the number of shares mentioned by the old man, the figure of Rs 100 crore is not even remotely visible. One user wrote that the elderly man has shares of L&T worth Rs 80 crore, UltraTech Cement worth Rs 21 crore and Karnataka Bank shares worth Rs 1 crore. Whereas in the video the elderly are saying something else.
