L&T Finance listed in six-stock VWAP scan despite LTP above VWAP

On November 8, L&T Finance was listed among six stocks in a VWAP scan, although its reported LTP of ₹277.5 was above its VWAP of ₹276.21. StockEdge's technical scan data was described as showing four Nifty500 stocks closing more than 1% below their respective VWAPs, whereas the list contained six stocks. The figures do not state whether the six-stock list used a different screening condition.

L&T Finance listed at ₹277.5 against a ₹276.21 VWAP

StockEdge's technical scan data recorded L&T Finance at an LTP of ₹277.5 against a VWAP of ₹276.21.

HEG Advanced Materials listed at ₹293.87 against a ₹302.14 VWAP
The StockEdge data placed HEG Advanced Materials' LTP at ₹293.87, compared with a VWAP of ₹302.14.

Ather Energy listed at ₹1,821.7 against a ₹1,843.41 VWAP

Ather Energy appeared in the StockEdge data with an LTP of ₹1,821.7 and a VWAP of ₹1,843.41.

Hindalco Enterprises listed at ₹958.4 against a ₹963.38 VWAP
For Hindalco Enterprises, the listed LTP was ₹958.4 and the corresponding VWAP was ₹963.38, according to the scan data.

Amber Enterprises India listed at ₹6,403 against a ₹6,422.72 VWAP

StockEdge's figures showed Amber Enterprises India at an LTP of ₹6,403, against a VWAP of ₹6,422.72.

Max Healthcare Institute listed at ₹934 against a ₹935.77 VWAP
Max Healthcare Institute was shown at an LTP of ₹934, with the scan giving its VWAP as ₹935.77.

The scan cited four stocks below VWAP, while the list named six

StockEdge's technical scan data was described as covering four stocks from the Nifty500 pack that closed more than 1% below their respective VWAPs on November 8.

The six-stock list named L&T Finance, HEG Advanced Materials, Ather Energy, Hindalco Enterprises, Amber Enterprises India and Max Healthcare Institute.

The published material did not state whether the six-stock list used a screening condition different from the stated more-than-1% threshold.

VWAP measures the volume-weighted average traded price

StockEdge's technical scan data defined VWAP as the average price at which a stock traded during the day, weighted by trading volume.

The explanation stated that a closing price below VWAP means the stock ended the session below its volume-weighted average traded price.