Turnover
The rupee value of trading in a security over a period, obtained by multiplying each trade's quantity by its price.
Formula
Turnover = Sum of (Trade Quantity x Trade Price) over the period
Unit
₹ crore
In depth
Turnover is the money-denominated cousin of volume, and it is the better measure when comparing securities at different price levels — a lakh shares of a ₹5 stock and a lakh shares of a ₹5,000 stock are wildly different amounts of market activity. Exchanges report turnover in rupees, and charges such as STT and exchange fees are levied on it rather than on share count. Fund managers use turnover to judge whether a position can be built or exited without excessive impact. The word also has an unrelated accounting meaning — revenue — which is a persistent source of confusion in Indian financial writing.
Worked example
3,00,000 shares trade at an average price of ₹250, so turnover is 3,00,000 x 250 = ₹7.5 crore. A fund wanting a ₹15 crore position would need roughly two full days of the entire market's activity, which makes the position impractical.
Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.
Educational reference only
This entry explains what “Turnover” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.