Only five pincodes from Gujarat don’t have a stock market investor | Ahmedabad News

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AHMEDABAD: The craze and appetite for stock market investments among Gujaratis is visible and evident with increasing investments year on year. Such is the investment zeal across the state that only five pincodes in Gujarat don’t have a single stock market investor, according to data maintained by the NSE. These include three areas in Surendranagar district and one each in Morbi and Amreli districts.
These five pincodes are among the 33 pincodes in India which do not have a single registered stock market investor.This indicates rising interest in stock market investments among Gujarat-based investors even from the hinterlands.
NSE sources say that there are 19,252 pincodes in India of which some 19,219 of them have at least one registered investor. Local experts say that there are 1412 pincodes in Gujarat. “Only five pincodes in Gujarat do not have a single registered investor. This indicates there is rising interest among remote and rural areas to invest in stock market by opening demat accounts,” said a NSE source.
Vaibhav Shah, director of a stock broking firm, said, “We have seen an increasing number of young investors coming to the market to invest and trade. Stock market penetration has increased because even in remote areas, salaried people have started investing in the stock market. Yet another important factor is technology, which has made stock investments accessible and easier. Since India has adopted technology well, young people from even remote locations are joining the bandwagon.”
Gujarat home to 76Lstock market investors
Gujarat is home to some 76 lakh stock market investors. Pan India, the number of investors has crossed 8.5 crore by 2023, of which, some 99.85% pincodes are covered by stock market investors.
NSE data indicates that stock market and mutual fund investments are deeply interconnected across India and have a higher degree of penetration.
Stock market experts believe that Gujarat has always been among the top states in equity investments. Earlier, cities like Ahmedabad, Surat, Rajkot and Vadodara dominated in terms of investor numbers. However, there is a dramatic shift in trend over the last few years as new investors are largely seen from peri-urban and rural areas of the state. Gunjan Choksi, director of a stock broking firm said, “The Indian equity market has seen a bull run after Covid pandemic. On the other hand, traditional investment instruments returns have not been so attractive. We observed a large number of new demat account openings ahead of the LIC IPO. Bull run has attracted new investors from even remote areas to the stock market.”According to NSE data, India saw a 22.4% increase in the number of investors to 8.49 crore in 2023 as of December 25. The country witnessed an addition of almost 1.57 crore new investors during the year. In Gujarat, the number of investors was 65.41 lakh in 2022, which increased by 17.2% to 76.6 lakh.

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