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Business Standard

Equity cult in Bihar: State now has 10th highest investor base, shows data

This is the sharpest surge recorded across states during this period, and reflects a compound annual growth rate (CAGR) of 48.8 per cent premium Sachin P Mampatta Mumbai Listen to This Article A government job may be the most sought after vocation for many youth, but Akshay Kumar, a resident of Bhojpur district in Bihar, has recently given up a permanent sarkari role to focus on his new booming business on a full-time basis. Kumar, who had started a franchisee operation for brokerage firm Motilal Oswal Financial Services during the Covid-19 pandemic in a district better known for its films such as Ganga Maiya Tohe Piyaari Chadhaibo and Piya Nirmohia, says his venture has clocked a tenfold jump in stock market trades since then. The relative return of investment (RoI) on his