HFT Scan: Citadel Securities net buyer in Hindustan Oil Exploration, Reliance Industrial Infra

About this update from Hindustan Oil Exploration Co., Ltd.

Citadel Securities was a net buyer in Hindustan Oil Exploration, Reliance Industrial Infrastructure and a net seller in Coffee Day Enterprises on February 15. All the stocks 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 15:Hindustan Oil Exploration Active names and traded stake: Citadel Securities bought 7 lakh sharesStock movement and volumes: Gained 11.49 percent to Rs 205.7. Trading volumes at 2 crore shares versus 1-month average of 24 lakh sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: The company on February 13 reported a net income of Rs 188 crore in Q3FY24Reliance Industrial Infrastructure Active names and traded stake: Citadel Securities bought 2 lakh sharesStock movement and volumes: Gained 8.55 percent to Rs 1472.55. Trading volumes at 26 lakh shares versus 1-month average of 6 lakh sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: NoCoffee Day Enterprises Active names and traded stake: Citadel Securities sold 3 lakh sharesStock movement and volumes: Gained 10.18 percent to Rs 66.05. Trading volumes at 3 crore shares versus 1-week average of 72 lakh sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: The company on February 13 reported a 5 percent YoY increase in revenue in Q3FY24.

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