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HFT Scan: Entertainment Network India, Birla Cable, KCL Infra see fast trading

High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.

February 09, 2024 / 06:26 IST
Entertainment Network India Limited gained on February 8.
     
     
    26 Aug, 2025 12:21
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    High frequency trading firms were active in Entertainment Network India Limited, Birla Cable Limited, and KCL Infra making some money by flipping trades in seconds on February 8. Entertainment Network India Limited was the top gainer.

    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 8:

    Entertainment Network India Limited
    Active names and traded stake: Graviton Research Capital (0.68 percent)
    Stock movement and volumes: Gained 2.53 percent to Rs 298.6. Trading volumes at 7 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 February 13 will announce its Q3FY24 results

    Birla Cable
    Active names and traded stake: Graviton Research Capital (0.88 percent)
    Stock movement and volumes: Lost 4.13 percent to Rs 318.05. Trading volumes at 8 lakh shares versus 1-month average of 3 lakh shares
    Technicals: Stock is above 50-DMA and 200-DMA
    Fundamental trigger, if any: The company on February 2 posted a 19 percent YoY fall in revenue in Q3FY24

    KCL Infra
    Active names and traded stake: Autonomy Homes Private Limited (2.76 percent), Setu Securities Private Limited (2.02 percent), Multiplie Share and Stock Advisors Limited (3.77 percent)
    Stock movement and volumes: Lost 9.73 percent to Rs 2.32. Trading volumes at 1 crore shares versus 1-month average of 40 lakh shares
    Technicals: Stock is below 50-DMA and 200-DMAFundamental trigger, if any: No

    Moneycontrol News
    first published: Feb 9, 2024 06:26 am

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