– High-frequency trading activity in Gujarat Mineral Development Corporation, Ircon International, and Rail Vikas Nigam Limited

High-frequency trading (HFT) was at its peak on July 8, with Gujarat Mineral Development Corporation, Ircon International, and Rail Vikas Nigam Limited being the hot picks for these lightning-speed trades. Ircon International and Rail Vikas Nigam even hit a 52-week high on that day.

HFT firms, known for their algorithm-powered quick trades, have been targeting not only established stocks but also smaller, less liquid ones in recent times. Their trading activities often catch the attention of retail investors, leading to increased interest in these stocks.

Here’s a closer look at the stocks where HFT was particularly active on July 8:

1. Gujarat Mineral Development Corporation
– Active names and traded stake: Graviton Research Capital (0.59 percent)
– Stock movement and volumes: Rose by 5.08 percent to Rs 421.85, with trading volumes reaching 2 crore shares compared to the 1-month average of 21 lakh shares
– Technical analysis: Stock is currently above the 50-DMA and 200-DMA
– Fundamental trigger: None identified

2. Ircon International
– Active names and traded stake: Graviton Research Capital (0.64 percent)
– Stock movement and volumes: Saw a 6.24 percent increase to Rs 326.25, with trading volumes at 8 crore shares versus the 1-month average of 2 crore shares
– Technical analysis: Stock remains above the 50-DMA and 200-DMA
– Fundamental trigger: No significant news impacting the stock

3. Rail Vikas Nigam Limited
– Active names and traded stake: Graviton Research Capital (0.53 percent)
– Stock movement and volumes: Surged by 15.24 percent to Rs 565.9, with trading volumes hitting 19 crore shares against the 1-month average of 4 crore shares
– Technical analysis: Stock is currently above the 50-DMA and 200-DMA
– Fundamental trigger: No major catalyst for the stock movement

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