Ahmedabad and Mumbai Lead in Equity Delivery Trades

@nithin tweeted this stat:

Ahmedabad and Mumbai account for a staggering 80% of equity delivery trades in India. That means the real money is with Gujjus :grimacing:.

Yet, Gujarat, despite this, only makes up 8% of the total registered investors, and their share is dropping.

What do you all think about this trend? :thinking:

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This is an unfiltered data. Crony promoters are largely based out of Ahmedabad, and when they buy shares of their own company it shows up as delivery. In Mumbai, most promoters have their registered address of the rest of the companies, which is why 2 high delivery percentages.

Being Zerodha, you should have figured this out in the first place.