HFT Scan: Texmaco Rail, MTNL, National Fertilisers see some action

About this update from Mahanagar Telephone Nigam Limited

High frequency trading firms on January 20 were active in Texmaco Rail, Mahanagar Telephone Nigam Limited, and National Fertilisers Limited, making some quick money by flipping trades in seconds. All of the stocks 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 20:Texmaco RailActive names and traded stake: Graviton Research Capital (0.85 percent)Stock movement and volumes: Gained 7.52 percent to Rs 217.4. Trading volumes at 2 crore shares versus 1-month average of 61 lakh sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: New order win from Ministry of Railways for Rs 1374 crore on December 15.Mahanagar Telephone Nigam LimitedActive names and traded stake: Graviton Research Capital (0.61 percent), Jainam Broking (0.3 percent), HRTI Private Limited (0.55 percent)Stock movement and volumes: Up 5.45 percent to Rs 37.7. Trading volumes at 4 crore shares versus 1-month average of 1 crore sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: NoNational Fertilises LimitedActive names and traded stake: Graviton Research Capital (0.62 percent), HRTI Private Limited (0.53 percent)Stock movement and volumes: Gained 7.52 percent to Rs 122.3 Trading volumes at 3 crore shares versus 1-month average of 2 crore sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: No

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