HFT Scan: Jupiter Wagons and Vijaya Diagnostic Centre in focus

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 Jupiter Wagons, Vijaya Diagnostic Centre, and Smartlink Holdings on May 10 as these stocks touched their 52-week highs.

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 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 10 :

Jupiter Wagons
Active names and traded stake: Graviton Research Capital (0.59 percent)

Stock movement and volumes: Gained 16.25 percent to Rs 488.55. Trading volumes at 3 crore shares versus 1-month average of 44 lakh shares

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

Fundamental trigger, if any: The company on May 8 announced its Q4FY24 results

Vijaya Diagnostic Centre
Active names and traded stake: Graviton Research Capital (0.69 percent), Mircocurves Trading Private Limited (0.55 percent)

Stock movement and volumes: Gained 9.95 percent to Rs 802.9. Trading volumes at 89 lakh shares versus 1-month average of 8 lakh shares

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

Fundamental trigger, if any: The company on May 8 announced its Q4FY24 results

Smartlink Holdings
Active names and traded stake: NK Securities (0.87 percent), QE Securities (o.51 percent)

Stock movement and volumes: Gained 8.38 percent to Rs 249.55. Trading volumes at 21 lakh shares versus 1-month average of 2 lakh shares

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

Fundamental trigger, if any: The company on May 9 announced its Q4FY24 results