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

Alok Industries, Ambuja Cement, and Apollo Tyres Limited 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.

Alok Industries: The stock surged over 3% today and outperformed the broader market. It traded positively the entire day and the momentum continued at a faster pace towards the end of the session. In the last 75 minutes, the stock gained about 1.5% and recorded huge volumes during this time. With buying emerging towards the end along with rising volumes, the stock is expected to trade positivity in the coming days.

Ambuja Cements: The stock kept on rising as the session progressed and closed at day’s high. This strong price action was backed by huge volume, which saw stock rising about 2.77%. The latter half witnessed a rise in volumes, which can be attributed to institutional buying. With today’s price action, the stock can be traded significantly in times to come.

Apollo Tyres Limited: The stock rose nearly 3% and stayed in line with good market sentiment. The stock gained momentum as the session progressed and saw a brilliant rally in the last 75 minutes. The stock rallied almost 2% during this period and recorded huge volumes. Almost 50% of the total volume was recorded during this period. With above-average volumes recorded today, the stock might be trending in near future.