Top 10 Volatile Stocks for Intraday Trading in 2024

If you are a stock market investor or an intraday trader, then it’s very important to keep volatile stocks in your watchlist because if you do intraday trading then you have to pay attention to those stocks which are highly volatile, that means they have up and down movements.

That’s why in this article, I am going to tell you about 10 such high volatile stocks for intraday trading. If you just keep an eye on these stocks, you do not need to keep an eye on other stocks. These are very good high volume and highly volatile stocks.

What is Volatility in Intraday Trading?

In intraday trading, volatility means it’s an up and down of market movements. Let’s assume you expect a stock to be at one price but over a short period it drastically goes up and down. Calculated as a standard deviation from the expectation, such movements reflect volatility. 

If a position goes through remarkable changes in value, we call this position highly volatile. Vice versa low volatility means the position is stable. High volatility brings uncertainty. At the same time, high volatile positions can generate much profit, If you’re willing to take the risk. [Volatile Stocks for Intraday Trading]

Read Also: How to Make Money in Intraday Trading?

How to Identify High Volatile Stocks?

• Beta: Beta is a numerical value that measures the volatility of a stock as compared to the volatility of the market. It’s the part of Capital Asset Pricing Model to calculate the expected return of the stock. If a beta greater than 1 that means higher volatility than the market, while a beta less than 1 which means lower volatility.

• Implied Volatility: Implied Volatility means the market’s expectation about the future volatility of an asset. If more people are buying a stock then its price will increase and IV will also increase. Similarly, if more people are selling any stock then its price will increase and IV will also increase. 

• Historical Volatility: Historical volatility shows how much an asset’s price has changed over a period of time in the past. 

• Trading Volume: Any stock has high trading volume then it has more liquidity which means there are lots of buyers and sellers which often leads to smaller price fluctuations and greater price stability and if any stock has low trading volume then it has less liquidity which means it has less buyers and sellers.

• News & Events: You always have to pay attention to news or big events and also to earnings reports because all these help you to find about highly volatile stocks. 

• Stocks Screener: Find out the best stock screener that provides you with volatility metrics. By using Chartink, Finviz and Trading View all these stock screeners, you can find out the most volatile stocks.

List of Top 10 Volatile Stocks for Intraday Trading:

1. Tata Motors

Tata Motors was started in 1945. This company comes first in commercial vehicle manufacturing in India, whose retail market share in financial 2023 was 41.7%. 

Tata Motors is a great stock and is a very famous stock. It’s traded in high volume every day and the volatility is very high. Mostly all the traders like to trade in Tata Motors. 

2. Bajaj Finance

Bajaj Finance is a very good finance company and it’s the favorite stock of many traders and it has the highest volatility. Bajaj Finance has a very high weightage in the finance sector. You will get high volume with volatility in the stock and also momentum is seen in this stock.

3. Reliance Industries Ltd (RIL)

Reliance Industries Ltd is a great stock for intraday trading as it operates in several industries including retail, telecommunications, oil & gas. Its prices are always in trending and there is a lot of volatility.

4. Adani Enterprises Ltd

Adani Enterprises Limited operates in many sectors such as infrastructure, energy expose and diverse commercial holdings in mining and volatility is also seen in all the sectors of Adani Enterprises Limited. [Volatile Stocks for Intraday Trading]

5. Bharat Petroleum Corporation Ltd (BPCL)

We are seeing significant growth in Bharat Petroleum Corporation Limited. BPCL is the top most company in the oil sector and this company is continuously making great new highs. It’s fundamentals are also very good and this stock is very volatile.

6. IndusInd Bank Ltd

This stock is from the banking sector and it’s very volatile and you will also get good opportunities in intraday trading which is Indusind Bank Ltd where HDFC and SBI Banks will be seen trading in a narrow range but Indusind Bank will give you good movement. You will be seen trading with these stocks on a consistent basis with high volume. 

7. Hindalco Industries Ltd

Hindalco Industries Ltd is very volatile and there are a lot of ups and downs in it and you will see very good volumes in it. This stock is very good because you will see it trading in the same range and with good movement, that’s why this stock is best for short-term trading or intraday trading.

8. Bank of India

Bank of India is a government bank which was started in 1906. This bank has more than 5,100 branches in India. Along with being volatile, this bank can give you a lot of profit because of its increasing fundamentals.

9. HFCL

HFCL is a telecommunication equipment manufacturing company. This company makes many other products like optical fiber, microducts, cables and underground cables. HFCL has total of 4 plants in Hyderabad, Chennai, Goa and Hosur which are running very well. [Volatile Stocks for Intraday Trading]

This company also provides optical fiber and FTTH services to Reliance Jio to expand its business in North India. So this tells us that this company is working on many good projects. HFCL is a very volatile stock, that’s why this stock is best for intraday trading.

10. Jindal Steel & Power

Jindal Steel & Power is a very good stock and the momentum is quite heavy and this stock is always in trend. You will see a lot of ups and downs and it’s a very good stock for short-term or intraday trading. 

Advantages of Investing in High Volatile Stocks

• Higher Potential Gains: Highly volatile stocks have the potential to generate significant profits, that too in short periods.

• Lower Costs: The market neglects high-volatility equities due to unpredictability. That’s why traders can make profits by buying shares at low prices and selling at good prices when the prices rise. 

• Diversification of a portfolio: Highly volatile stocks in a diversified portfolio can enhance overall potential profit. 

• Opportunities for Many Traders: High volatility provides a lot of opportunities for intraday traders or short-term traders if they like taking risks and want to make quick profits.

Read Also: 7 Golden Strategies for Intraday Trading in 2024

Conclusion

There are many good stocks in the stock market on which you can trade, but the 10 best stocks mentioned in this article are the ones that you should keep on your permanent watchlists because you will get to see high volatility in all these stocks. So it will be very beneficial for you and you can also make good profits from it.

These are the best stocks in the stock market and all the professional traders are mostly seen paying more attention to all these stocks and prefer to trade on the stocks in intraday trading.

I hope you have liked the information we have shared in this article, to know more about trading you can read our other articles too. [Volatile Stocks for Intraday Trading]

Read Also: How Can I Earn 2000 Daily in Intraday Trading

Frequently Asked Questions –

1. Which stock is most volatile for intraday?

The most volatile stocks for intraday are:

• Tata Motors

• Bajaj Finserv

• ZEE Entertainments

• Bharat Petroleum Corporation Limited (BPCL)

• Bank of India 

• Suzlon Energy Limited 

• Jet Airways Limited 

2. Which Indian stock has the highest volatility?

Tata Motors, Bajaj Finance, Adani Enterprises Limited, Reliance Industries Limited, IndusInd Bank, Bank of India, HFCL, etc are the Indian stocks with the highest volatility.

3. What are the top 5 shares to buy today?

The top 5 shares to buy today:

• Induslnd Bank

• State Bank of India 

• Tata Steel 

• Reliance Industries Ltd

• Federal Bank 

4. Which is the best stock for intraday trading? 

The best stocks for intraday trading:

• Reliance Industries Ltd 

• Adani Enterprises Ltd 

• Tata Motors 

• Apollo Hospital 

• Infosys 

• State Bank of India 

• HDFC Bank 

• National Hydroelectric Power Corporation (NHPC)

• Bharat Petroleum Corporation Ltd (BPCL)

• Life Insurance Corporation of India (LIC)