HFT Scan: Aries Agro and Lotus Eye-care in focus of algo traders

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 seen in Aries Agro, Lotus Eye-care Hospital and Institute, and Tourism Finance Corporation on March 4. Aries Agro hit a 52-week high, while Lotus Eye-care Hospital and Institute touched a 52-week low.

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 March 4:

Aries Agro
Active names and traded stake: QE Securities (1.16 percent), Graviton Research Capital (0.55 percent), NK Securities (0.98 percent), Citadel Securities (0.85 percent), HRTI Private Limited (0.73 percent)
Stock movement and volumes: Gained 5.01 percent to Rs 315.15. Trading volumes at 32 lakh shares versus 1-month average of 4 lakh shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company on February 14 announced its Q3FY24 earnings

Lotus Eye-care Hospital and Institute
Active names and traded stake: Setu Securities (5.13 percent), Multiplier Share and Stock Advisors (2.71 percent), Shri Mukta Shares (1.88 percent), Patronus Tradetech (1.2 percent)
Stock movement and volumes: Lost 19.98 percent to Rs 51.85. Trading volumes at 63 lakh shares versus 1-month average of 3lakh shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company on February 14 announced its Q3FY24 earnings

Tourism Finance Corporation
Active names and traded stake: Setu Securities (1.01 percent)
Stock movement and volumes: Lost 4.75 percent to Rs 227.65. Trading volumes at 74 lakh shares versus 1-week average of 57 thousand shares
Technicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: The company on February 26 approved to issue and allot up to 88,91,000 shares to Aditya Kumar Halwasiya, Cupid Limited, and Columbia Petro Chem Private Limited.