In a remarkable turn of events, investors in Jharkhand have reaped substantial profits, totaling 42 billion rupees, in the share market over the past six months. This revelation comes from data recently released by the Central Depository Services Limited (CDSL), which indicates a significant rise of 1.5 lakh demat accounts in the state during this period. Moreover, the total market value of shares held by investors in Jharkhand has soared from 18,000 crore rupees in March 2021 to an impressive 22,200 crore rupees by September 2021.
This surge in investor numbers and the value of their shares can be attributed to several factors. The recovery of the economy following the second wave of the Covid-19 pandemic, along with the upward trajectory of stock indices, has contributed significantly. The availability of convenient online trading platforms and the awareness campaigns conducted by regulatory bodies like the Securities and Exchange Board of India (SEBI) and other agencies have also played a pivotal role. Furthermore, industry experts highlight the maturity and diversification of Jharkhand investors’ portfolios, with notable investments made in sectors such as IT, pharma, banking, FMCG, and metals.
An intriguing aspect revealed by the CDSL data is the remarkable increase in the number of women investors in Jharkhand. Over the past six months, the count has surged by 40 percent, rising from 1.2 lakh to an impressive 1.7 lakh. Women investors have shown a keen interest in sectors such as IT, pharma, and FMCG, actively participating in various companies’ initial public offerings (IPOs). Experts commend the patience and discipline demonstrated by female investors, as they have wisely steered clear of speculative trading.
Looking ahead, the share market investment landscape in Jharkhand is poised for further growth. The upcoming festive season and the anticipated third-quarter results of companies are expected to bolster market sentiment. In light of these developments, experts advise investors to engage in thorough research and analysis before making investment decisions. Emphasizing the importance of risk management and asset allocation principles, investors are encouraged to adopt a prudent approach.
With promising prospects on the horizon, Jharkhand’s investment community stands poised to continue reaping rewards in the ever-evolving share market