HFT Scan: Infibeam Avenues zooms, Tourism Finance & India Pesticides see some action

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

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

High-frequency traders zoomed in on Tourism Finance Corporation, India Pesticides, and Infibeam Avenues on March 11. While Infibeam Avenues touched a 52-week high, Tourism Finance and India Pesticides closed lower.

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 11:

Tourism Finance Corporation
Active names and traded stake: Multiplier Share and Stock Advisors (0.68 percent)
Stock movement and volumes: Lost 5 percent to Rs 209.1. Trading volumes at 36 lakh shares versus 1-month average of 48 lakh crore shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company on February 26 had approved to allot not more than 88.91 lakh fully paid up equity shares

India Pesticides
Active names and traded stake: GRD Securities (0.71 percent)
Stock movement and volumes: Lost 6.15 percent to Rs 346.85. Trading volumes at 38 lakh shares versus 1-month average of 24 lakh shares
Fundamental trigger, if any: No

Infibeam Avenues
Active names and traded stake: HRTI Private Limited (0.58 percent)
Stock movement and volumes: Lost 0.5 percent to Rs 39.95. Trading volumes at 16 crore shares versus 1-week average of 5 crore sharesFundamental trigger, if any: The company on March 11 unveiled it's AI product THEA