Mansi Share and Stock Advisors was a net buyer in Kamdhenu Ventures and Websol Energy System and a net seller in Baweja Studios on February 14. Kamdhenu Ventures and Websol Energy System shares 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 February 14:
Kamdhenu Ventures
Active names and traded stake: Mansi Share and Stock Advisors sold 7 lakh shares
Stock movement and volumes: Lost 8.66 percent to Rs 192
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company on February 14 reported a net profit of Rs 4.1 crore in Q3Fy24
Websol Energy System
Active names and traded stake: Mansi Share and Stock Advisors bough 2 lakh shares
Stock movement and volumes: Lost 4.81 percent to Rs 441.75. Trading volumes at 14 lakh shares versus 1-month average of 9 lakh shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: No
Baweja Solutions
Active names and traded stake: Mansi Share and Stock Advisors sold 1 lakh shares
Stock movement and volumes: Gained 4.98 percent to Rs 141.25. Trading volumes at 4 lakh shares versus 1-week average of 2 lakh shares
Technicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: The company on February 6 announced their third collaboration for an action adventure film.
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