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GALE.IN INDIAN EQUITY RESEARCH

EVERGREEN · UPDATED WITH THE DATA

Learn investing

Long-form, honest-arithmetic guides to building wealth in Indian markets. No jargon, no sure-shots — tables you can check and disagree with.

Guide 01

How to Start Investing in the Share Market in India — The Complete 2026 Guide

Before we start: the two minute honesty check India now has about 23.8 crore demat accounts (CDSL and NSDL combined, end August 2026). A decade ago…

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Guide 02

The SIP Guide: How ₹10,000 a Month Becomes ₹1 Crore — With the Real Math

The claim, and why you should demand the math Every finance influencer has told you some version of it: "just ₹10,000 a month makes you a crorepati."…

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Guide 03

How to Value a Stock — The Exact Method Behind Every Target on This Site

Price is a fact. Value is an argument. The price of a stock is on your screen right now — precise, updated every second, and completely silent about…

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Guide 04

How to Read Quarterly Results in 15 Minutes — A Practical Method

Results season is a reading test Four times a year, every listed company hands you its scorecard. Most investors either ignore it (and get surprised…

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Guide 05

Tax on Stock Market Gains in India — LTCG, STCG, Dividends and F&O (FY 2026-27)

The rulebook, minus the jargon The tax system treats your market activity as four different people: the investor (delivery equity), the income…

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GUIDE
Guide 06

Stamp Duty on Shares: The Uniform Rates and Why Only the Buyer Pays

Stamp duty is the smallest line on a contract note and the only one that was, until recently, genuinely chaotic. Before July 2020 the rate depended…

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GUIDE
Guide 07

Circuit Breakers in the Stock Market: The Market-Wide Halt Rules

"Circuit breaker" gets used for two completely different mechanisms in Indian markets, and the confusion is worth clearing up before anything else. A…

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GUIDE
Guide 08

Face Value of a Share: Why It Exists and the Two Places It Actually Matters

Face value is the number on a share that has almost nothing to do with what the share is worth. It appears on every company's filings, it is printed…

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GUIDE
Guide 09

52-Week High Stocks on NSE: What the Level Means and the Adjustment That Breaks It

The 52 week high is the most widely published number in equity markets that nobody defines. Every quote page carries it. Almost none state whether it…

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GUIDE
Guide 10

Tax on Dividend Income in India: Slab Rates, TDS and the One Deduction Allowed

Until 2020, dividends reached you tax free. The company paid Dividend Distribution Tax before distributing, and what landed in your account was…

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GUIDE
Guide 11

Dividend Yield: What the Ratio Measures, and the Three It Gets Confused With

Dividend yield is one of the few ratios in investing that means exactly what it says and is still used wrongly most of the time. The arithmetic is a…

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GUIDE
Guide 12

High Dividend Paying Stocks in India: How to Screen for Them Yourself

Lists of high dividend paying stocks age badly. A yield is a ratio of two numbers that both move — the dividend, which changes once or twice a year,…

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GUIDE
Guide 13

LTCG Tax on Shares: The Grandfathering Rule and How to Compute It

Long term capital gains on listed shares became taxable again in 2018. To avoid taxing gains that had accrued while the exemption was in force, the…

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GUIDE
Guide 14

Index Funds in India: How Tracking Works and Where It Goes Wrong

An index fund has one job: own the index. That makes it the easiest kind of fund to describe and the hardest to evaluate, because once you remove the…

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GUIDE
Guide 15

Securities Transaction Tax (STT): Rates, When It Applies, and What It Costs You

Securities Transaction Tax is deducted on your contract note before you ever see a profit, and most people discover it only when a day of small gains…

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GUIDE
Guide 16

Delivery Percentage in Stocks: What It Does Not Tell You

Delivery percentage is one of the most quoted numbers in Indian retail research and one of the most consistently misread. The misreading is not…

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Guide 17

NSE Pre-Open Market: New Timings and Rules from 7 September 2026

From 7 September 2026 the NSE and BSE pre-open market runs in two phases: market orders only until 9:05 am, limit orders until a random close between…

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Guide 18

Mazagon Dock Dividend Record Date and Payout History

Anyone who bought Mazagon Dock Shipbuilders Limited on Thursday, 20 August 2026 paid the full price and still missed the ₹4.62 final dividend. The…

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Guide 19

NSDL Dividend Record Date: What Is Known So Far

NSDL listed on 6 August 2025, and its first dividend record date fell six weeks later, on 19 September 2025. Its second came on Friday, 11 September…

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Guide 20

BEL Dividend Record Date: Bharat Electronics Payouts

On 13 August 2026, Bharat Electronics Limited (BEL) shares traded ex dividend for a ₹0.55 final payout — less than a third of the ₹1.95 interim whose…

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Guide 21

L&T Dividend Record Date and Payout History

Larsen & Toubro pays its shareholders essentially once a year. That concentrates an entire year's cash entitlement into a single cut off, which is…

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Guide 22

TCS Dividend Record Date: Every Payout Pattern Explained

On 16 January 2026, TCS shares traded ex dividend for ₹57 per share — an ₹11 third interim plus a ₹46 special dividend. A buyer that Friday morning…

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Guide 23

Vedanta Dividend Record Date: Interim and Final Payouts

Vedanta Limited has been a large dividend payer for a decade, and an unpredictable one: three interim dividends in FY2025 26, four in FY2024 25, five…

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Guide 24

Infosys Dividend Record Date: Payout History

Twice a year, around results season, the same question returns: what is the Infosys dividend record date, and by when do shares have to be sitting in…

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Guide 25

Record Date vs Ex-Dividend Date: What Decides If You Get Paid

Two dates sit on every dividend announcement, and only one of them decides whether the money reaches your bank account. The dividend record date and…

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Guide 26

What Is a Dividend Record Date? A Guide for Indian Investors

Every dividend announcement in India carries one date that decides everything: the record date. A shareholder whose name appears in the company's…

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Guide 27

The 15 Best Share Market Books for Indian Investors, Ranked

Ask ten investors for the best share market books and you get the same five American titles, recited in the same order, usually by people who have…

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Guide 28

Chart Patterns: Head and Shoulders, Flags, Triangles and Their Failures

Chart patterns are the larger shapes price traces over weeks and months — structures built from dozens of sessions rather than the few candles a…

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Guide 29

Candlestick Patterns: Every Major Pattern With Diagrams

Candlestick patterns are recurring shapes that one or a few candles form on a price chart, each one a compressed record of a fight between buyers and…

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Guide 30

How to Read Candlestick Charts: OHLC, Bodies and Wicks

A candlestick chart compresses an entire trading session into one readable shape. Four prices go in — open, high, low, close — and what comes out is…

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Guide 31

MACD: Moving Average Convergence Divergence, Explained

Moving average convergence divergence — MACD to everyone who uses it — is what you get when you take two of the most watched trend lines on a price…

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Guide 32

Moving Averages: SMA, EMA and the 200-Day Line

A moving average answers one modest question: what has the average closing price been over a chosen stretch of recent sessions? Everything else in…

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Guide 33

Support and Resistance: How Price Levels Form and Fail

Support and resistance are the first structural ideas most people meet in charting, and the most casually abused. A support level is a price area…

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Guide 34

Technical Analysis of Stocks: An Honest Beginner’s Guide

Open any broking app in India and the first screen is a candlestick chart: green and red bars, a moving average or two, perhaps an RSI strip…

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Guide 35

ETF vs Mutual Fund: The Real Differences for Indian Investors

Two investors decide on the same morning to put ₹50,000 into the Nifty 50. One places an exchange order at 11:20 a.m. and watches it fill in seconds.…

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Guide 36

Types of Mutual Funds in India: The Complete SEBI Categories

Before October 2017, two schemes could carry near identical names and hold quite different portfolios: one "balanced" fund held 65% equity, another…

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Guide 37

XIRR in Mutual Funds: The Only Return Number That Fits SIPs

Open a mutual fund app after a year of monthly instalments and it can show two different return figures for the same folio: a profit of 8.5% on the…

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Guide 38

Direct vs Regular Mutual Funds: The Same Fund at Two Prices

Since January 2013, SEBI has required every open ended mutual fund scheme in India to exist in two versions: a direct plan and a regular plan. Same…

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Guide 39

Expense Ratio and Exit Load: The Costs That Decide Fund Returns

Two mutual funds can hold the same fifty shares, in the same weights, and still leave their investors with visibly different sums after twenty years.…

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Guide 40

NAV in Mutual Funds: What It Measures and What It Does Not

A new mutual fund investor comparing two schemes usually notices the NAV first. One fund quotes ₹12 a unit, another ₹480, and the ₹12 fund looks like…

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Guide 41

What is a Mutual Fund? How They Work in India

A mutual fund is one of the few financial products whose honest description is simpler than its marketing. Money from many investors is pooled, a…

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Guide 42

How to Read an Option Chain: OI, IV and Strikes in Plain English

Every expiry Tuesday, business channels read the NIFTY option chain aloud like a weather forecast: one strike is a wall, another is a floor, the…

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Guide 43

Option Greeks Explained Simply: Delta, Gamma, Theta, Vega

An options trader can be right about direction and still lose money. A NIFTY call is bought, the index rises, and the premium falls anyway — because…

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Guide 44

Options Trading Meaning: How Options Actually Work in India

Options trading means buying and selling contracts that give the holder the right, but not the obligation, to buy or sell a stock or an index at a…

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Guide 45

SEBI Rules for F&O Trading: What Changed and Why It Matters

A trader who stepped away from Indian index options in mid 2024 and returned today would find a different market. Lot sizes changed, most weekly…

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Guide 46

Tax on F&O Trading in India: Business Income, Audit and Losses

Most traders discover how F&O is taxed in the worst possible month: filing season, with a year of contract notes, a net loss, and no idea which…

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Guide 47

What is Futures and Options? F&O Explained for Indian Investors

Futures and options look, from a distance, like a faster route to the same market: the same NIFTY, the same banks and refiners, with a fraction of…

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Guide 48

Stock Market Terminology: 100+ Terms Every Indian Investor Should Know

Stock market terminology can make a simple idea sound needlessly difficult. A company earns money, investors decide what that stream of earnings may…

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Guide 49

Best Stock Screener in India: Features and Selection Guide

The best stock screener in India is not the one with the longest filter menu. It is the one whose market coverage, data definitions, update frequency…

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Guide 50

Fundamental Analysis of Stocks: A Practical Indian Guide

Fundamental analysis is the process of deciding what a business earns, how safely it earns it, what could change those earnings and whether the…

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Guide 51

RSI Indicator: What Relative Strength Index Actually Measures

Ask ten retail traders what the RSI indicator does and most will recite the same folk rule: below 30 buy, above 70 sell. That rule is the reason this…

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Guide 52

Is the Stock Market Open Today? NSE and BSE Timings

The short answer is simple on most weekdays: the regular NSE and BSE equity market is open from 9:15 am to 3:30 pm Indian Standard Time (IST), Monday…

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Guide 53

Return on Equity (ROE): Formula, Meaning and Stock Analysis

Return on equity asks a powerful question: how much profit did a company produce for each rupee of shareholders' capital? A persistently high answer…

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Guide 54

Debt-to-Equity Ratio: Formula, Meaning and How to Use It

Debt to equity tells you how much creditor capital sits beside each rupee supplied or retained by shareholders. It is one of the quickest ways to see…

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Guide 55

High-Paying Dividend Stocks in India: A Data-Led Guide

A high dividend yield can mean two opposite things. It may reflect a cash generative business returning surplus capital to shareholders. Or it may be…

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Guide 56

Stock Market Crash: Causes, History and What Investors Should Do

A market crash compresses years of fear into days. Prices fall, headlines become absolute, social feeds amplify every rumour, and the plan that…

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Guide 57

Position Size Calculator: Risk-Based Trading Quantity

A position size calculator converts a pre defined monetary risk into a share quantity. It uses account value, risk percentage, planned entry and…

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Guide 58

P/E Ratio Formula: Meaning, Calculation and Valuation

The P/E ratio formula compares a company's market price per share with its earnings per share. It is simple arithmetic, but using the wrong earnings…

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Guide 59

Stock Market Average Calculator: New Average Price

A stock market average calculator combines several purchases into one weighted average price. It is useful when shares were bought at different…

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Guide 60

Step-Up SIP Calculator: Calculate Your Future Corpus

A step up SIP calculator answers a practical question that a flat SIP estimate misses: what could happen if the amount invested every month rises…

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Coming next in this series

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The guides explain the method. Members can explore the live value screener and the SIP Picks for monthly systematic investing, with assumptions and risks kept visible.

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