HRTI Private Limited was a net buyer in Indiabulls Real Estate, Ircon International, and Radhika Jeweltech on February 14. While Radhika Jeweltech touched a 52-week high, Ircon International closed higher.
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 13:
Indiabulls Real Estate
Active names and traded stake: HRTI Private Limited bought 34 lakh shares
Stock movement and volumes: Lost 3.66 percent to Rs 113.4. Trading volumes at 3 crore shares versus 1-month average of 3 crore shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company on February 13 reported a fall in revenue to Rs 113 crore in Q3FY24
Ircon International
Active names and traded stake: HRTI Private Limited bought 48 lakh shares
Stock movement and volumes: Gained 8.75 percent to Rs 219.1. Trading volumes at 4 crore shares versus 1-month average of 5 crore shares
Technicals: Stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company on February 8 reported a 24 percent YoY growth in revenue to Rs 3-12 crore in Q3FY24
Radhika Jeweltech
Active names and traded stake: HRTI Private Limited bought 8 lakh shares
Stock movement and volumes: Gained 7.01 percent to Rs 69.45. Trading volumes at 1 crore shares versus 1-month average of 37 lakh shares
Technicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: The company on February 12 reported a 85 percent YoY growth in revenue in Q3FY24.
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