Ahmedabad: Gujarat added 11.2 lakh new investors to the equity market in the calendar year 2025. In 2024, the state saw the addition of around 19 lakh new equity investors.Gujarat registered the steepest decline among the big states in terms of new additions, with a 42% drop, according to a report by the NSE.
Ahmedabad ranked among the Top 5 districts of the country, with 1.9 lakh new investor registrations.
At the end of 2025, Gujarat had a total of 1.08 crore unique registered investors, and the state was third in terms of total investors after Maharashtra and Uttar Pradesh. According to the NSE report, “Uttar Pradesh continued to dominate new investor registrations for the third consecutive year since 2023, adding 21.6 lakh investors.
Maharashtra accounted for 18.2 lakh additions in 2025.” The report said Gujarat recorded 11.2 lakh additions versus the 19.2 lakh additions in 2024. Within the top 10 states, Gujarat and Rajasthan recorded the highest declines (-42% YoY) in new registrations. Prashant Shah, co-founder and CEO of a leading broking company, said, “Gujarat is ranked second in terms of trading value across the country due to deep roots of equity among investors.” Shah said, “Calendar year 2025 was volatile for the stock market, and due to that we witnessed a drop in new registrations. However, now investors use technology and logic more significantly than just their gut feelings. Smaller towns are adding new investors to the market.”
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