HFT Scan: Navin Fluorine and Delta Corp see brisk business

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 firms were active in Navin Fluorine International Limited, Delta Corp Limited, and BLS E-Services Limited, making quick money by flipping trades in seconds. Navin Fluorine touched a 52-week low, while BLS E-Services hit a 51-week high.

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 7:

Navin Fluorine
Active names and traded stake: Graviton Research Capital (0.51 percent)
Stock movement and volumes: Fell 5.16 percent to Rs 3093.2. Trading volumes at 26 lakh shares versus 1-month average of 2 lakh shares
Technicals: Stock is below 50-DMA and 200-DMA
Fundamental trigger, if any: The company sales fell 11 percent YoY in Q3FY24 on February 6

Delta Corp
Active names and traded stake: Share India Securities (0.55 percent), HRTI Private Limited (0.77 percent), Graviton Research Capital (1.08 percent), Mathisys Advisors (0.52 percent)
Stock movement and volumes: Gained 10.94 percent to Rs 151.9. Trading volumes at 4 crore shares versus 1-month average of 45 lakh shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: CNBC TV18 reported that the government could soften its stance on retro GST demand notices issued to online gaming companies.

BLS E-Services
Active names and traded stake: Graviton Research Capital (7 lakh shares), NK Securities (6 lakh shares), GRT Strategic Ventures (6 lakh shares)
Stock movement and volumes: Lost 0.56 percent to Rs 363.5. Trading volumes at 2 crore shares
Technicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: No