These stocks see huge volume burst in the last leg of the trading session!
Grasim Industries, Vedanta Limited and Metropolis Healthcare 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.
Grasim Industries: Grasim marginally gained 0.76% today, outperforming the benchmark indices. It made swings in both directions amid volatility. But the last hour witnessed a huge volume burst in the stock. About 40% of the daily volume was recorded during this period. The stock rose about 1% before retracing a little during this period. We can expect some significant price action in this stock in days to come.
Vedanta Limited: The stock rose about 1.29% on Thursday and was trading flat to positive amid volatility. In the last 75 minutes, the stock shot up by 1.5% during this period. Along with this, the volume recorded in this period was 60% of the total daily volume. With the buying emerging at the end, the stock is set to continue its momentum and scale new highs in times to come. With such a strong volume burst, we can expect the stock to make some volatile moves in the days to come.
Metropolis Healthcare: The stock soared about 1.65% to close near its all-time high. The stock traded in negative in the first half of the session but recovered towards the end. During this recovery, huge buying was seen along with bigger volume. About 71% of the total volume was recorded during this period. With such strong volume, the stock is likely to continue the momentum and one can witness strong price action to follow in the coming days.
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