HFT Scan: Busy trading is recorded by HT Media, Shipping Corporation, and GE Power

HFT Scan: Busy trading is recorded by HT Media, Shipping Corporation, and GE Power

52-week highs were reached by HT Media, Shipping Corporation, and GE Power.

High-frequency trading companies (HTFs), also known as "algo firms on steroids," execute deals at breakneck speed by using sophisticated algorithms and powerful computers.

On February 2, high frequency trading companies gained rapid money by flipping deals in a matter of seconds at HT Media, Shipping Corporation of India, and GE Power India. Every stock reached its 52-week high.

High-frequency trading companies (HTFs), also known as "algo firms on steroids," execute deals at breakneck speed by using sophisticated algorithms and powerful computers. Usually, these businesses aim to profit on the discrepancy between spot and futures prices, but lately, they have also started investing in tiny, illiquid firms.

Retail investors are often drawn to these companies by their volume.

Stocks with active HFT activity on February 2nd:

HT media

Currently trading under the name Graviton Research Capital with a 0.62 percent ownership.

Volume and Movement of Stock: Up 8.58% to Rs 35.8. 1 crore shares were traded, compared to 31 lakh shares on average every month.

Technicals: The stock is trading below both the 200- and 50-DMAs. Important catalysts, if any: On January 19, the business revealed that its Q3FY24 revenue was flat year over year.

Indian Shipping Company

Currently trading under the name Graviton Research Capital with a 0.95 percent ownership.

Volume and movement of stocks: Up 14.83 percent to Rs 265.2. 5 crore shares traded compared to an average of 1 crore shares each month

Technicals: The stock is trading above its 200- and 50-day moving averages. Any fundamental triggers? The firm released its Q3FY24 earnings on February 9.

GE Power

Graviton Research Capital is the active name and trading stake (0.52 percent).

Volume and Movement of Stocks: 4.45 percent down at Rs 283.5. 28 lakh shares traded compared to an average of 13 lakh shares each month

Technicals: The stock is trading below both the 200- and 50-DMAs. Fundamental triggers, if any: On January 23, NTPC sent the business a letter of intent requesting the provision of replacement parts for the 660 MW generator overhaul at the Nabinagar Super Thermal Power Station.