Ahmedabad, Surat & Rajkot among top 10 Indian districts with active investors

AHMEDABAD: In a significant financial development, three districts from Gujarat-Ahmedabad, Surat, and Rajkot-have ranked among top 10 districts in terms of active investors in India.
According to data by National Stock Exchange (NSE), Rajkot registered the highest growth of 17% among top 10 Indian districts with active investors in April this year.
In terms of stock turnover, Ahmedabad dominated with Rs 63,000 crore in April, securing the third position nationally while Surat ranked ninth with Rs 28,000 crore. These figures highlight the significant stock market participation from Gujarat nationally.
In April 2024, Ahmedabad registered 4.10 lakh unique investors who traded at least once in a month while Surat and Rajkot saw 2.96 lakh and 1.6 lakh investors respectively in this category, according to NSE. "The number of individual investors who traded at least once in last month registered an increase all major Indian districts," states NSE report.
Investor growth was 17.5% in Rajkot, strongest in top 10 dists
The number of individual investors who traded at least once in last month registered an increase across all major Indian districts, with a total rise of 4.6% month-on-month (MoM) to 40.4 lakh in April 2024. Mumbai remained the leader with a 2.5% rise in such investors taking the total number to 10.5 lakh investors. While Delhi maintained its second position with 9.9 lakh (+2.4% MoM), Ahmedabad recorded a strong increase of 13.1% MoM in April 2024 to 4.1 lakh investors. Rajkot witnessed the strongest growth in the top 10 districts registering an increase of 17.5% MoM to bring its investor base to 1.6 Lakh. The average rise in the top 10 districts was recorded at 6.2% in the month of April," states NSE report.
Viral Mehta, head - west zone for a stock broking company, said, "April saw high volatility in the market with elections. BSE sensex traded in the range of 72,350 to 75,000 in April and a higher number of investors from Gujarat traded in the market due to volatility."
The report also added that the turnover of individual investors in the top 10 districts by turnover recorded a significant growth as total turnover within the individual segment in these districts increased by 26.8% MoM to Rs 6.7 lakh crore.
Mumbai and Delhi maintained their positions as the top two districts in terms of total individual turnover, with a turnover of Rs 1.9 lakh crore (+23.4% MoM) and Rs 1.6 lakh crore (+26.7% MoM) respectively.
Among other top five districts in India, the turnover in Ahmedabad, Bengaluru and Pune also witnessed a notable rise of 28.3% MoM, 27.2% MoM and 25.5% in individual investors' turnover to Rs 63,000 crore, Rs 57,000 crore and Rs 40,000 crore respectively.