These stocks witness a huge volume burst in the last leg of the trading session! 

These stocks witness a huge volume burst in the last leg of the trading session! 

by 5paisa Research Team Last Updated: 2022-06-09T16:44:38+05:30

PNB Housing Finance Limited, Cera Sanitaryware Limited, and Poonawalla Fincorp have witnessed volume burst in the last 75 minutes of the trade.

As the saying goes, the first, as well as the last hour of each trading session, is the most important and active in terms of price & 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 the trade along with price rise, it is considered a 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 to medium-term.

So, based on this principle, we have shortlisted three stocks that have witnessed volume burst in the last leg of the trade along with price rise. 

PNB Housing Finance Limited: The stock skyrocketed over 15% today. Most of its gains came in the last 75 minutes when it shot up nearly 10%. Moreover, it recorded huge volumes during the day which was greater than the 50-day average volumes. Thus, rising participation and a strong price structure are likely to keep stock higher in the upcoming days.

Cera Sanitaryware Limited: The stock soared about 3.67% on Thursday. On the technical chart, it formed a strong bullish candle and closed nearly at the day’s high. It traded negativity for most of the day but in the last hour, the stock surged about 4.75% and volume were recorded to be above average. With such positivity, it is expected that stock shall be traded heavily in times to come.

Poonawalla Fincorp: The stock ascended 4.09% at the end of the day. It traded flat throughout the day but witnessed strong buying interest in the last hour. It gained about 4% during this period and strong buying was seen in the form of volume. About 50% of the total day’s volume was recorded during this period. With such high volumes, the stock is expected to trade positively in the coming days.


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