Ahmedabad, Surat and Rajkot districts in Gujarat figure in the top 10 districts of the country in terms of stock market activity.
Though most of the districts witnessed a downtrend as far as individual investor interest is concerned, Ahmedabad saw a modest increase in the number of investors.
According to a National Stock Exchange (NSE) data, Ahmedabad stood third in the country after Mumbai and Delhi with 4.82 lakh active investors, while Surat ranked sixth with 3.6 lakh and Rajkot ninth with 1.8 lakh active investors. Gujarat is the only state which has three districts in the top 10.
Overall there has been a total decline of 2.2% month-over-month to 48.2 lakh in Aug 2024.
Mumbai continued to lead, with a 2.8% MoM degrowth to 12.5 lakh investors, while Delhi-NCR retained the second spot with 11.9 lakh active investors during the month (-3% MoM). Ahmedabad, which stood in the third position, recorded an increase of 0.8% MoM to 4.8 lakh investors. Kolkata witnessed the highest fall of 4.3% in the number of investors, followed by Delhi-NCR and Pune (-2.9%).
The data suggests that while Mumbai and Delhi-NCR remained the top two districts in terms of active individual investors, they both experienced a decline compared to the previous month. Kolkata, Delhi-NCR, and Pune were the districts with the most significant percentage drops in active investors among the Top 10.
Equity markets have deep roots in Gujarat. Ahmedabad, Surat, and Rajkot have emerged as fast-growing districts with employment opportunities, and the higher number of investors is driven by the participation of young investors.
According to data, new investor registrations continued to remain concentrated in a few districts, with the contribution of the Top 10 districts at 18.9% in Aug 2024 against 19.1% in June 2024, as the number of registrations in these districts declined by 18% MoM to 3.6 lakh.
Delhi recorded the highest number of new investor registrations out of all districts with over 1.1 lakh registrations (-17.2% MoM), followed by Mumbai with 81.5k registrations (-17.6% MoM). The average decline in the top 10 districts was recorded at 18.2%.
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