These stocks witness a huge volume burst in the last leg of the trading session!13April2022

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

by 5paisa Research Team Last Updated: Dec 10, 2022 - 04:35 am 31.4k Views
Listen icon

GMM Pfaudler, IDBI Bank, and IGL 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. 

GMM Pfaudler: The stock surged about 2.14%. It traded flat to negative for most part of the day but witnessed strong buying towards the end of the session. It gained over 2% in the last 75 minutes of the trade and recorded huge volume during the process. About 50% of the total day’s volume was recorded during this period. With positivity emerging towards the end, the stock is likely to be treated with positive bias for upcoming days.

IDBI Bank:  The stock surged over 3% on Wednesday. It traded flat initially but gained momentum as the day progresses. In the last hour, the stock gained about 4%. Such strong string action can be attributed to heavy institutional buying. Moreover, today’s volume was greater than 10-day and 30-day average volume, justifying strong trading activity. With the stock being actively traded today, it is expected that the stock shall be on the trader’s radar for a few more days.

Indraprastha Gas Limited: The stock soared about 3.30% at the end of the day. It traded positively throughout the day and received strong buying interest towards the end. In the last 75 minutes, the stock surged about 1% and recorded good volume. Moreover, about 60% of the day’s volume was recorded during this period. With such positivity, the stock is expected to be traded heavily in times to come.

 

Also read: Top 10 Penny Stocks Gainers Today - April 13, 2022

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.