Guj: Three districts within top 10 Indian districts for active investors

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 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.

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.