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

Apollo Tyres, Poonawalla Fincorp, and Delta Corp 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.    

Apollo Tyres: The stock soared by 6.56% during Thursday’s trading session. It continued to trade higher, and volume built as the day progressed. In the last hour, the stock shot up over 2% and recorded a huge volume. Over 50% of the day’s high volume was recorded during this period. Moreover, the stock closed near its 52-week high which is expected to attract traders. A strong price structure, followed by powerful buying interest is likely to take this stock higher in times to come.   

Poonawalla Fincorp:  After consolidating for the past few days, the stock registered a strong price volume breakout and jumped 6.15%. The volume was found to be greater than the 10-day, 30-day and 50-day average volume. In the last 75 minutes, strong institutional buying led the stock to rally by over 2%. Such positive bias is likely to attract traders.

Delta Corp: The shares surged about 5.43% in Thursday’s trading session. After some consolidation in the afternoon, strong institutional buying propelled the stock higher as it inched over 4% in the last 75 minutes. It also recorded a huge volume today, out of which over 50% was recorded in the last hour. Such strong buying is likely to coniine in upcoming trading sessions.