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Monday, February 10, 2025

Gujarat added record 19L new equity investors in 2024 against 11.7L in 2023 | Ahmedabad News


Ahmedabad: In 2024, Gujarat witnessed a record addition of 19.18 lakh new equity investors, marking the highest-ever 12-month growth. This represented a significant increase from 9.74 lakh additions in 2022 and 11.76 lakh in 2023, according to National Stock Exchange (NSE) data. With 96.8 lakh registered investors by the end of 2024, Gujarat secured the third position nationally. Surat, Ahmedabad, and Rajkot districts were among the top 10 districts for new investor additions. Uttar Pradesh led with 33 lakh new investors, followed by Maharashtra with 30 lakh.
Surat and Ahmedabad each contributed 3.27 lakh new investors, securing fourth and fifth positions respectively among the country’s top 10 districts. Delhi-NCR, Mumbai, and Pune led the district-wise rankings. Rajkot advanced significantly, adding 1.54 lakh new investors and bagging the 10th position in 2024, up from 12th in 2023. Both Gujarat and Maharashtra featured three districts each in the Top-10 list.
“Delhi-NCR, Mumbai, and Pune retained their positions as the top three districts, registering 14 lakh, 9.7 lakh, and 3.4 lakh new investors in 2024, respectively, with all three recording growth rates exceeding 30%. Surat climbed two spots to become the fourth-largest district for new investor registrations, recording a 66.9% increase to 3.3 lakh investors in 2024, contributing to a 20bps rise in its share of total registrations. Ahmedabad held the fifth spot, registering a 58.8% increase in new investors,” the report said.
“New demat account opening and trading have become easier with the use of technology. Most investors participate in IPOs, and it is also a reason for the higher number of new investors. The number of young investors is increasing steadily, and female participation is also on the rise in the stock market because the new generation does not invest in traditional investment options like fixed deposits,” said Viral Mehta, west zone head of a leading stock broking firm.
The NSE data revealed that Uttar Pradesh, Maharashtra, and Gujarat collectively represented 35.6% of nationwide new investor registrations in 2024.
Gujarat achieved the second-highest growth rate in new registrations. “Among the Top-10 states, Andhra Pradesh recorded the highest growth in new registrations at 73.5%, followed by Gujarat at 63.1% and West Bengal at 55.9%. These states added 7.5 lakh, 19.2 lakh, and 15.6 lakh new investors,” the NSE report stated.





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