Multiplier Share and Stock Advisors was a net buyer in Integra Essentia Limited and Perfect Infraengineer Limited on January 17 and it squared off its position in MK Proteins. While Integra Essentia Limited touched a 52-week high, MK Proteins hit a 52-week low.
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.
Integra Essentia LimitedMultiplier Share and Stock Advisors bought 35 lakh Integra Essentia shares.
Stock movement and volumes: Gained 4.76 percent to Rs 7.7. Trading volumes at 2 crore shares versus 1-month average of 3 crore shares.
Technicals: The stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: The company approved issuance of bonus issue of equity shares in the ratio of 1:1 in November.
Perfect Infraengineer Limited
Multiplier Share and Stock Advisors bought 9,600 Perfect Infraengineer shares.
Stock movement and volumes: Lost 4.92 percent at Rs 36.75. Trading volumes at 4 lakh shares equal to month average of 4 lakh shares.
Technicals: The stock is above 50-DMA and 200-DMA
Fundamental trigger, if any: No
MK Proteins Limited
Multiplier Share and Stock Advisors bought 13 lakh MK Proteins shares.
Stock movement and volumes: Up 9.9 percent to Rs 42.75. Trading volumes at 42 crore shares versus 1-month average of 48 lakh shares.
Technicals: The stock is below 50-DMA and 200-DMA
Fundamental trigger, if any: No
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