These stocks see huge volume burst in the last leg of the trading session.
Last Updated: 13th December 2022 - 06:30 pm
Manappuram Finance, AIA Engineering and JK Cement have witnessed volume burst in the last 75-minutes of the trade.
As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.
So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.
Manappuram Finance: The stock of Manappuram Finance outperformed the broader as well as frontline indices as it ended the session with modest gains of 0.30% on Tuesday. Interestingly, over 50% of the total traded volume of the day was witnessed in the last 75-minutes. Hence, market participants can keep a close watch on this stock. In addition to this, the icing on the cake is that the stock closed near days high.
AIA Engineering: The stock managed to rebound from the lower levels, and it settled above the 1900 mark. The stock witnessed a massive jump in volumes in the last 75-minutes of the trade. Over 80% of the total traded volume of the session was seen in the last hour of the trading session. A bullish bias in the price was also witnessed in the last 75-minutes. Considering the robust volume move in the last leg of the session, traders can keep an eye on this stock.
JK Cement: Even though the stock ended in red on Tuesday with a drop of over 2%, it witnessed a good spike in volume in the last 75-minutes of the trade. Over 50% of the total traded volume of the day was witnessed an hour before the closing bell. Furthermore, the stock price rebounded from the lower levels with a surge in the volumes. Keep this stock on your radar.
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