HFT Scan : Asian Granito India and Axiscades Technologies in focus

High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.

High-frequency trading was active in Asian Granito India, Axiscades Technologies, and Gujarat Industries Power Company on June 18. Gujarat Industries Power Company touches a 52-week high on June 18.

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 18:

Asian Granito India

Active names and traded stake: HRTI Private Limited (0.64 percent)

Stock movement and volumes: Gained 5.55 percent to Rs 78.8. Trading volumes at 87 lakh shares versus a 1-month average of 28 lakh shares

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

Fundamental trigger, if any: No

Axiscades Technologies

Active names and traded stake: Graviton Research Capital (0.65 percent)

Stock movement and volumes: Gained 17.1 percent to Rs 617.55 Trading volumes at 25 lakh shares versus a 1-month average of 5 lakh shares

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

Fundamental trigger, if any: No

Gujarat Industries Power Company
Active names and traded stake: Graviton Research Capital (0.64 percent)

Stock movement and volumes: Gained 7.82 percent to Rs 252.53. Trading volumes at 92 lakh shares versus 1-month average of 2 lakh shares

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

Fundamental trigger, if any: No