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HFT Scan : Aditya Birla Money and Tourism Finance Corporation in focus

Aditya Birla Money touched a 52-week high on June 7.

June 10, 2024 / 07:08 IST
High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.
     
     
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    High-frequency trading was active in Aditya Birla Money, Tourism Finance Corporation of India, and Tera Software on June 7. Aditya Birla Money touched a 52-week high on June 7.

    High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot and futures prices, but recently they have been active in small, illiquid stocks as well.

    The volumes generated by them, more often than not, attracts retail investors to these stocks.

    Stocks where HFTs were active on June 7:

    Aditya Birla Money 
    Active names and traded stake: Graviton Research Capital (0.68 percent)

    Stock movement and volumes: Gained 16.68 percent to Rs 155.65. Trading volumes at 48 lakh shares versus 1-month average of 4 lakh shares

    Technicals: Stock is above 50-DMA and 200-DMA

    Fundamental trigger, if any: No

    Tourism Finance Corporation of India
    Active names and traded stake: Graviton Research Capital (0.6 percent)

    Stock movement and volumes: Lost 8.1 percent to Rs 173.4. Trading volumes at 56 lakh shares versus 1-month average of 10 lakh shares

    Technicals: Stock is above 50-DMA and 200-DMA

    Fundamental trigger, if any: No

    Tera Software
    Active names and traded stake: NK Securities Research Private Limited (0.79 percent)

    Stock movement and volumes: Gained 7.97 percent to Rs 75.15. Trading volumes at 9 lakh shares versus 1-month average of 1 lakh shares

    Technicals: Stock is below 50-DMA and 200-DMA

    Fundamental trigger, if any: No

    Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Jun 10, 2024 07:08 am

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