Moneycontrol PRO
HomeNewsBusinessMarketsHFT Scan: Algo traders zoom in on Hindustan Motors and Geojit Financial Services

HFT Scan: Algo traders zoom in on Hindustan Motors and Geojit Financial Services

Hindustan Motors and Geojit Financial Services touched a 52-week high on April 24.

April 25, 2024 / 06:19 IST
High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    High-frequency traders were active in Hindustan Motors, Geojit Financial Services, and Paras Defense and Space Technologies counters on April 24. Hindustan Motors and Geojit Financial scaled a 52-week high on April 24.

    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 April 24:

    Hindustan Motors
    Active names and traded stake: Share India Securities (0.81 percent), Jainam Broking (0.57 percent), Setu Securties (0.56 percent)
    Stock movement and volumes: Lost 6.73 percent to Rs 29.1. Trading volumes at 4 crore shares versus 1-month average of 80 lakh shares
    Technicals: The stock is above 50-DMA and 200-DMA
    Fundamental trigger, if any: No

    Geojit Financial Services
    Active names and traded stake: Graviton Research Capital (0.61 percent)
    Stock movement and volumes: Gained 11.42 percent to Rs 94.65. Trading volumes at 1 crore shares versus 1-month average of 17 lakh shares
    Technicals: Stock is above 50-DMA and 200-DMA
    Fundamental trigger, if any: The company on April 30 will announce its annual results

    Paras Defense and Space Technologies 
    Active names and traded stake: Graviton Research Capial  (0.55 percent)
    Stock movement and volumes: Gained 2.82 percent to Rs 757.15. Trading volumes at 19 lakh shares versus 1-month average of 4 lakh shares
    Technicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: No

    Moneycontrol News
    first published: Apr 25, 2024 06:19 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347