Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 56 terms
The twelve-character code, beginning with the country code IN, that identifies a security in the depository system.
What your demat account actually holds is a quantity against an ISIN. The symbol is a label for screens; this is what settlement moves.
Recording a cost as a balance sheet asset rather than expensing it in the current period.
The single largest lever on reported profit. Spend the same cash, show a much bigger number.
The government selling part or all of its stake in a state-owned company.
A known future seller of a very large block. It caps the price until resolved, then can be the catalyst.
A continuation pattern: a long trend candle, then two to four small candles drifting back inside its range on lighter volume, then another long candle closing beyond the first one’s extreme.
The picture of a healthy pullback — shallow, unhurried and unsupported by volume, meaning nobody is willing to sell in size. The falling three methods is the same structure inside a downtrend.
Replacing an extreme value in a series with the most extreme value you are prepared to accept, rather than deleting the observation.
Cap the bad print instead of dropping the bar. The row stays, so every rolling window keeps its length and every date still lines up.
An order by a tax officer determining the income or liability of an assessee for a period, and raising a demand where the officer disagrees with the return.
The first rung of a long ladder. First-authority demands are frequently reduced on appeal, which is why large ones sit in contingent liabilities rather than as provisions.
Revising confidence in a view as new evidence arrives.
Re-underwrite from today’s price. Your entry price is the one number the company knows nothing about.
Prioritising not losing money over maximising returns.
Reducing exposure in a bubble means underperforming visibly for a long time. There is no version that avoids that.
Exposure arising because several positions depend on the same underlying driver.
Six bank stocks is one bet taken six times, at six times the size.
The cumulative effect of brokerage, taxes, spreads and slippage on returns, rising with how often the account is turned over.
An account turned over twice a month pays roughly 6% of capital a year in friction before any question of skill. Choosing a rhythm is choosing a headwind.
A number summarising your repayment history, used by lenders to price loans.
It sets your borrowing rate, which decides the prepay-or-invest question. Worth several lakh on one home loan.
A quote expressing how much of one currency it takes to buy another — USDINR being rupees per dollar, so a rising chart means a weaker rupee.
A ratio, not a price. Every move belongs to one of the two legs, and a stronger dollar worldwide is a different event from a weaker rupee specifically.
The exposure created by advising others on money without a formal duty, licence or full knowledge of their situation.
You will be blamed for the losses and never credited for the gains. Teach the method, not the ticker.
The reserve accumulating exchange differences arising on translation of an overseas subsidiary’s accounts into the reporting currency.
It can build quietly across six years of annual reports and is only properly visible in the statement of changes in equity. It reaches the profit line exactly once — when that operation is disposed of, which may be never.
The gap between a currency’s forward or futures price and its spot rate, arising from the interest rate differential between the two currencies.
It shrinks to nothing at expiry by construction, so a currency futures chart can fall over a month in which the spot rate rose. Measure the premium as a distance and compare it with the move your setup expects.
A single number summarising a basket of stocks, in India generally weighted by free-float market capitalisation.
A weighted average is not the typical stock. The NIFTY can close green on a day when most of its constituents fell, because a handful of heavyweights outvote everything else.
The extent to which a company can pass rising input costs on to customers.
A cost spike is a free experiment. Margins hold if there is pricing power, compress if there is not.
A slide deck a company files alongside its results, summarising performance, strategy and project timelines in its own chosen format.
Useful and unaudited. Timing slippage and changed guidance often appear here in a slide rather than in a separate announcement, so compare consecutive decks.
Spending rising alongside income, raising the corpus needed to stop working.
Every ₹1 lakh of permanent annual spending adds about ₹28 lakh to your target.
Rising price accompanied by rising open interest — new long positions being opened rather than existing ones changing hands.
The genuinely bullish combination, because new money is entering rather than contracts passing between existing holders.
The story explaining why prices should keep rising.
Usually partly true, which is exactly what makes it effective.
Income arising from a company’s ordinary operations but not from the sale of its principal goods or services, presented within revenue from operations.
Where scheme receipts, scrap sales and export incentives usually land. Because it is inside revenue it is also inside EBITDA, which is how an operating margin improves without the manufacturing improving.
Shares on which only part of the issue price has been paid, the balance being payable on later calls; they trade as a separate listed line under their own symbol and ISIN until fully paid.
The price looks like a discount to the ordinary share and is not one — the gap is the money you still owe. Once the calls are met the line converts into the fully paid share.
A chart type that plots columns of rising and falling boxes, ignoring time entirely and recording only price moves larger than a chosen box size.
Clean very-long-term structure and unambiguous breakouts, at the cost of the same box-size arbitrariness as Renko. Little used now.
Rising prices changing the fundamentals that justified the rise.
Cheap capital funds growth, which justifies higher prices, which makes capital cheaper. It runs backwards too.
Recognising when an instinct rather than the analysis is driving a decision.
The aim is not to remove the instinct — it is to notice when it is doing the deciding.
Existing short positions being closed by buying back, visible in the data as price rising while open interest falls.
A rally with no new buyer behind it. It has a natural end point — when the covering finishes, so does the move.
Risk arising from one company rather than from the market — one promoter, one auditor, one large customer.
The asymmetry that justifies different rules for stocks and indices: an index cannot go to zero and an individual stock can.
Deliberately realising gains up to the annual long-term exemption, or realising losses to offset gains, before the financial year closes.
The exemption does not carry forward — unused, it disappears. Selling and rebuying resets your cost base higher at no tax cost, spreading one large future gain across several years of exemption.
Early success that reflects favourable conditions rather than skill.
A rising market rewards whatever you did, including the reckless parts. The money is real; the lesson is false.
The return a bond delivers at its current price, and the market’s reference rate.
Rising yields hurt expensive growth stocks most, because distant profits are discounted harder.
Customer Acquisition Cost — marketing spend divided by the number of new customers it brought in.
Rising CAC means growth is getting more expensive. Read it against lifetime value: below one, every customer acquired is a net loss.
Cost of goods sold — the direct cost of producing what was actually sold in the period.
Revenue minus this is gross profit, the purest read on pricing power. Rising faster than revenue means input costs are not being passed on.
A candle or price formation describing a trend pausing rather than reversing, before resuming in the original direction.
The test is territorial, not visual: if the pause stays inside the ground the trend already won and volume thins while it happens, it is a rest. If it takes that ground back on rising volume, the name of the shape stops mattering.
Tax benefits — usually carried-forward losses — expected to reduce future tax.
Only an asset if future profits arrive to absorb it. Recognising one is management recording a forecast on the balance sheet.
Choosing a larger later reward over a smaller immediate one.
Learned by practising it — saving toward something visible — not by being told about it.
The first assumption of technical analysis — that every known fact, forecast and emotion is already expressed in the price.
You do not need to know why a large fund is accumulating. The accumulation shows up as rising price on rising volume whether or not the reason is public.
The order under which the central government controls medicine prices in India, fixing ceiling prices for formulations in the National List of Essential Medicines and capping the annual increase on non-scheduled ones at 10%.
It is why the essential half of an Indian pharmaceutical portfolio behaves nothing like the rest, and why revising the essential medicines list moves products into and out of control without the company doing anything at all. Extraordinary powers to fix prices exist and have been used at short notice.
Employee cost as a percentage of revenue.
Rising while revenue is flat compresses margin directly, and it is visible early.
The BRSR section reporting board composition, independent directors, anti-corruption policy, and complaints received and resolved.
The most useful part of the filing, because it is standardised and therefore comparable across years and across companies. A rising unresolved complaint count is a signal in itself.
Whether growth is funded at returns above the cost of capital and converted into cash.
Earnings rising every year while capital earns 8% against a 12% cost is value destruction with a nice chart.
The directional read taken from a chart roughly four to six times your trading timeframe, used only to decide whether to look for longs or shorts at all.
It has exactly one job and cannot borrow another. The moment it starts justifying a position that has already reached its stop, the framework has started rationalising.
Net interest margin — net interest income divided by average interest-earning assets.
Never read it without GNPA: a rising margin earned by lending to riskier borrowers is not skill. It is also not the same number as the lending spread, because the margin counts the assets funded by the lender’s own capital, which cost nothing.
On-Balance Volume — a running total that adds the session's volume on up days and subtracts it on down days.
Rising while price goes sideways suggests quiet accumulation, which is the signature institutions leave when they cannot buy in one order.
The total number of derivative contracts outstanding and not yet settled.
Rising open interest with rising price suggests new money entering, not just position squaring.
A life insurance contract on which premiums have stopped but which stays in force, with the benefit reduced in proportion to the premiums already paid.
The third door most people never consider. It stops the outflow without crystallising a punitive exit value, and it is not the same thing as letting a policy lapse.
Remuneration paid to the controlling family in executive roles.
Rising promoter pay with no dividend and flat profit is the clearest red flag in the note.
The average number of days customers take to pay, measured against revenue.
Rising receivable days alongside rising revenue is one of the most reliable warnings available.
The return on equity a regulator permits an asset to earn, built into the allowed revenue alongside approved capital cost, depreciation, operations and maintenance and interest.
The commission sets a return rather than a price, so the analysis moves to the allowance and the disallowances. Regulatory lag is where the margin actually goes: between an input cost rising and a tariff order recognising it, the company funds the gap itself.
Real Estate Investment Trust — a listed trust owning income-producing commercial property, required to distribute the large majority of its rental income to unit-holders.
Commercial property for a few thousand rupees, sellable in seconds. It is not safe the way a building feels safe: the unit price is market-driven, and rising rates hurt it twice.
The number of individual small shareholders on a company's register, disclosed each quarter in the shareholding pattern.
Rising sharply while institutions reduce is the shape of informed money selling to newcomers.
The rules and judgements determining when revenue is recorded.
Recognising early pulls tomorrow’s revenue into today. Watch unbilled revenue growing faster than billed.
An arrangement in which a bank pays a company’s approved supplier invoices early at a discount and the company repays the bank on the original or an extended due date.
The obligation has become bank funding while continuing to read as trade payables. The tell is days payable rising with no supplier friction at all — because the supplier has already been paid. The question worth asking is what happens if the bank withdraws the facility.
Money, time or effort already spent that no future choice can recover.
Years of reading and research are why people carry on long after measuring would tell them to scale back. What that effort bought — reading a balance sheet, recognising a scam — stays with you whatever you decide next.
A platform's net revenue as a share of the gross value of the transactions it processes.
Rising means the platform is being paid more for what it does. Falling usually means volume is being bought with discounts, which appears in the accounts as growth.
The tendency for high-volatility periods to follow high-volatility periods, and calm to follow calm.
The most reliable property of the series — and the reason a low reading describes the recent past rather than promising a quiet future.