Zerodha CEO Nithin Kamath gives the market analysis which states that the whole country buys 80 per cent of their equity delivery trades from Mumbai and Ahmedabad.

Nithin Kamath, co-founder and CEO of Zerodha, put his stock market analysis on X (the former Twitter) wherein he revealed that almost 80% of the equity delivery trades are between Mumbai and Ahmedabad in India. On the other hand, the coining that Gujarat is housed with just 8 percent of its registered investors, but remains a significant proportion of equity trade delivery to Mumbai (64.28 percent) and Ahmedabad (17.53 percent) in November 2024.

The post was extremely controversial & got comments from big names in the industry such as Kunal Shah of CRED, and just there, the words "Risk hai to Ishq hai". Kamath's market observation pointed out how these two cities saturate the concentration of equity trading activity, undergirding Gujarat's rising dominance even as the share of registered investors continues to decline.