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HFT Scan : J Kumar Infraprojects and NDTV in focus

J Kumar Infraprojects touched a 52-week high on May 31.

June 03, 2024 / 07:32 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 J Kumar Infraprojects, Praj Industries, and New Delhi Television Limited on May 31. J Kumar Infraprojects touched a 52-week high on May 31.

    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 May 31:

    J Kumar Infraprojects
    Active names and traded stake: Graviton Research Capital (0.86 percent), QE Securities (0.52 percent)

    Stock movement and volumes: Gained 13.91 percent to Rs 755.75. Trading volumes at 78 lakh shares versus 1-month average of 6 lakh shares

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

    Fundamental trigger, if any: The company on May 28 announced its Q4FY24 results

    Praj Industries
    Active names and traded stake: Graviton Research Capital (0.51 percent)

    Stock movement and volumes: Gained 4.21 percent to Rs 522.05. Trading volumes at 91 lakh shares versus 1-month average of 10 lakh shares

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

    Fundamental trigger, if any: The company on May 30 announced its Q4FY24 resultsNew Delhi Television Limited
    Active names and traded stake: Graviton Research Capital (0.53 percent)

    Stock movement and volumes: Gained 7.81 percent to Rs 247.9. Trading volumes at 28 lakh shares versus 1-month average of 6 lakh shares

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

    Fundamental trigger, if any: No

    Moneycontrol News
    first published: Jun 3, 2024 07:32 am

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