RESEARCH ALERTS: SBI gets huge 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 Thursday?

Fourteen stocks were traded in the FII-to-FII segment. The volume was brisk with 16.2 million shares, valued at Rs 600 crore, changing hands yesterday.

SBI got the maximum premium of 14.39% with 7,60,482 shares traded at Rs 1,115 when compared with the spot close of Rs 974.70.

Punjab National Bank was traded at a premium of 7.95% with 2,71,092 shares changing hands at Rs 490 as against the spot price of Rs 453.90.

Bharti Tele-Venture was traded at 5.05% premium at Rs 398 (spot price Rs 378.85) with a volume of 11 lakh shares.
 

FII-TO-FII TRADES
Scrip	FII Close*	FII shares#	Spot Close@	Premium To spot price %
BSE
SBI	1115.00	760482	974.70	14.39
Punjab Nat Bank	490.00	271092	453.90	7.95
Bharti Tele-Ven	398.00	1141845	378.85	5.05
Pantaloon Retail	2005.00	5300	1930.85	3.84
Union Bank	125.00	7	120.70	3.56
Bank of Baroda	229.00	73078	223.40	2.51
ICICI Bank	604.50	4186765	591.50	2.20
Rel Cap Vent	24.00	1310000	23.55	1.91
Tata Steel	494.05	61727	485.05	1.86
Rel Energy Ven	41.80	2668050	41.15	1.58
PTC India	57.25	40000	56.60	1.15
BHEL	2220.00	73501	2196.20	1.08
HPCL	329.15	100300	326.75	0.73
Rel Com Ven	292.00	5458464	290.40	0.55
NSE
SBI	1115.00	541	974.85	14.38
* 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