According to the latest data, retail investor participation in the National Stock Exchange (NSE) has increased significantly over the past three years, with holdings increasing from 1.85% in September 2020 to 8.75% in September 2023, almost Five times. During this period, the number of retail shareholders also increased significantly from less than 400 to more than 7,300, with an average of about 500 new shareholders every quarter.
The September 2023 quarter marked a new high for the NSE with a record 1,666 new investors. The number of shares held by these investors also increased from Rs 9.15 crore to Rs 433 crore.
In terms of trading activity, NSE stock was among the top five stocks by trade value between December 2022 and March 2023. Meanwhile, in the gray market, NSE shares have quadrupled in price and are trading at around Rs 3,200 per share. The stock is valued at about 21 times fiscal 2023 earnings.
In comparison, the price-to-earnings (PE) ratios of BSE and MCX-listed peers were 122 times and 89 times respectively during the same three-year period. While the timing of the NSE’s public offering remains uncertain, increased retail investor participation points to growing interest in the country’s largest stock exchange.
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