HFT Scan: Traders zoom in on Hathway Cable, Coffee Day

About this update from Coffee Day Enterprises Ltd

High frequency trading firms were active in Hathway Cable, Coffee Day Enterprises, and Indiabulls Real Estate, making quick bucks by flipping trades in seconds on February 5. Hathway Cable and Indiabulls Real Estate hit a 52-week high, while Coffee Day Enterprises 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 5:Hathway CableActive names and traded stake: HRTI Private Limited ( 0,67 percent), Graviton Research Capital (0.55 percent), Citadel Securities (0.52 percent)Stock movement and volumes: Gained 8.33 percent to Rs 26. Trading volumes at 10 crore shares versus 1-month average of 3 crore sharesTechnicals: Stock is below 50-DMA and 200-DMAFundamental trigger, if any: The company reported a 5 percent YoY growth in sales in Q3FY24 on January 16Coffee Day EnterprisesActive names and traded stake: HRTI Private Limited (0.65 percent)Stock movement and volumes: Gained 3.31 percent to Rs 60.85. Trading volumes at 1 crore shares versus 1-month average of 76 lakh sharesTechnicals: Stock is above 50-DMA and 200-DMAFundamental trigger, if any: NoIndiabulls Real EstateActive names and traded stake: Graviton Research Capital (0.67 percent), HRTI Private Limited (0.67 percent)Stock movement and volumes: Gained 2.38 percent to Rs 103.1. Trading volumes at 4 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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