HFT Scan: Atul Limited, Borosil Renewables 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.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

High frequency trading firms on January 24 were active in Atul Limited, Borosil Renewables, and South Indian Bank, making some quick bucks by flipping trades in seconds. Borosil Renewables and South Indian Bank touched a 52-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 January 24:

Atul Limited
Active names and traded stake: NK Securities Research ( 442 shares), HRTI Private Limited ( 587 shares)

Stock movement and volumes: Gained 4.06 percent to Rs 6424.25. Trading volumes at 56,000 shares versus one-month average of 51,000shares

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

Fundamental trigger, if any: Company reported its Q3FY24 results on January 19. Net profit fell 32 percent YoY.

Borosil Renewables
Active names and traded stake: Graviton Research Capital (18 lakh shares), Aakraya Research (7 lakh shares)

Stock movement and volumes: Gained 7.45 percent to Rs 608.75. Trading volumes at 1 crore shares versus 1-month average of 26 lakh shares

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

Fundamental trigger, if any: No

South Indian BankActive names and traded stake: Graviton Research Capital (0.67 percent), HRTI Private Limited (1.36 percent), Citadel Securities (0.58 percent)

Stock movement and volumes: Gained 13.1 percent to Rs 34.75. Trading volumes at 24 crore shares versus 1-month average of 7 crore shares

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

Fundamental trigger, if any: The company reported a profit of Rs 782 crore in the October-to-December quarter.