RESEARCH ALERTS: BoB, IOB attract premium

What is FII-to-FII trading?

FII-to-FII trade means when a stock hits the FII ceiling set by companies, fresh buying by FIIs are capped.  An FII, however, can always buy from another FII within the overall limit. The special counters (The 6 Lakh Series on the BSE) take care of the inter-FII trades.

What happened on Friday?

Trading volume dipped to Rs 226 crore on the BSE on Friday from around Rs 600 crore on Thursday. FIIs' trade remained restricted to 11 stocks for 1.32 crore shares.

Bank of Baroda (BoB) got the maximum premium of 6.30% with 12,188 shares traded at Rs 238 when compared to the spot close of Rs 223.90.

Indian Overseas Bank was traded at a premium of 4.87% with 2,00,000 shares changing hands at Rs 99 as against the spot price of Rs 94.40.

Bharti Tele-Venture was traded at 4.81% premium at Rs 401.05 (spot price Rs 382.65) with a volume of 20 lakh shares.
 

FII-TO-FII TRADES
Scrip	FII Close*	FII shares#	Spot Close@	Premium To spot price %
BSE
Bank of Baroda	238.00	12188	223.90	6.30
Ind Ove Bank	99.00	200000	94.40	4.87
Bharti Tele-Ven	401.05	2002030	382.65	4.81
Punjab Nat Bank	485.55	4693	465.95	4.21
Rel Com Ven	297.00	1652644	289.95	2.43
PTC India	58.85	45000	57.90	1.64
ICICI Bank	608.00	455843	600.15	1.31
Rico Auto	87.50	100000	86.40	1.27
BHEL	2180.00	207000	2161.40	0.86
Rel Cap Vent	24.30	8152093	24.20	0.41
Rel Nat Resou	31.85	336197	31.95	-0.31
* FII-Close is the closing price of the scrip under FII-to-FII trades # FII-Shares is the total number of shares traded under the FII-to-FII trades @ Spot close price is the closing price in the cash market