Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Stocks

National Buildings Construction and Inox Wind Show up in Today’s Shockers: Delivery Shockers – 22/03

Delivery Volume Shockers – National Buildings Construction & Inox Wind!

Not a lot of Delivery Shockers today; the trend goes on this week. The biggest of the lot was National Buildings Construction Corp (NBCC). This company is 90% owned by the Government, and is run under the Ministry of Urban Development. NBCC is mainly involved in Project Management Consultancy initiative – this segment contributes to 85% of its Revenues. Interestingly, just yesterday, NBCC announced that their Board has in-principle ratified the take-over of Hindustan Steelworks Construction (HSCL). This could have seen renewed long-term investor interest in NBCC stocks.

NBCC shares showed a fantastic momentum move-up in August last year on the back of some fantastic results. The space looks interesting; however the effect of the mooted HSCL take-over might show up only later on.

What are Delivery Shockers?

We have compiled a list of those stocks which have seen massive increases in the “Deliverable Quantity to Traded Quantity %”.

Stocks are traded every day and most stocks see intra-day trading (buy and sell on the same day). Intra-day trades don’t result in delivery – if two people buy and sell from each other and square off within the day, there will be volume, but no actual shares will change hands.

Delivery volumes as a percentage of total volume shows us how much of the stock is traded versus held for more than a day. It’s not very useful to use this data to trade per se.

But what is useful is if the delivery percentage JUMPS. If a stock is thinly delivered (say 30% delivery) and jumps up to 80% delivery then we are likely to be seeing some action in that stock because either a big buyer is in or a big seller is. 

Listed below, are the Top 25 for today (22nd Mar, 2016):

Delivery Volume Shockers, Delivery-to-Traded Quantity, Inox Wind, National Buildings Construction, Deepak Fertilizers

divider

Very Big