what is a low float stock and how to identify it?
The concept is explained clearly here:
The Float of a stock is identified from the Share holding pattern as published by each company in the nseindia records.
Ideally any F&O stocks with float less than 20 crores quantity is considered as a low float stocks.
Some Momentum day-traders prefer to prioritize low float stocks for daytrading.
You can compile your own share float list from the shareholding records of each company or use a low float stock screener.
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