>INSIDER TRADING 23-01-2009

524348 Aarti Drugs Limited Jayshree H Shah(wife of Harit P Shah) 30/12/2008 - 16/01/2009 B 13433 48719 0.42 519183 ADF Foods Limited. H Thakkar Property Investment Ltd 14/01/2009 - 19/01/2009 B 5361 5939 0.03 532799 Akruti City Ltd. Mahipatray V Shah-HUF 20/01/2009 B 65000 0.09 8900000 13.34 532828 AMD Industries Ltd Harswarup Gupta 19/01/2009 B 1385 2021986 10.54 531881 Arvind Chemicals ltd. Ruchika Tradelink Pvt Ltd & Others 14/01/2009 - 15/01/2009 B 194100 0.00 6238285 31.50 531881 Arvind Chemicals ltd. Ruchika Tradelink Pvt Ltd & Others 16/01/2009 B 98539 0.50 6336824 32.00 504646 Bhagwati Autocast Limited Ms. Reena P. Bhagwati. 12/01/2009 - 16/01/2009 B 1950 0.00 307112 10.66 504646 Bhagwati Autocast Limited Mrs. Mandakini P. Bhagwati. 12/01/2009 - 16/01/2009 B 1719 0.00 235640 8.18 533006 Birla Cotsyn (India) Limited Bilpower Ltd. 07/01/2009 - 19/01/2009 S 3788675 3.24 -- 526709 BITS Ltd Romano Investments Pvt Ltd 09/01/2009 B 14875913 13.30 14875913 13.30 526709 BITS Ltd SRG Human Resources Development Ltd &PAC 10/01/2009 B 5093250 4.55 60464591 54.04 532548 Century Plyboards (India) Ltd. Brij Bhushan Agarwal 15/01/2009 - 16/01/2009 S 191500 0.08 7843659 0.00 532640 Cyber Media (India) Ltd. Mrs.Anuradha Gupta(wifeof Pradeep Gupta) 11/12/2008 - 16/01/2009 B 26159 356873 3.56 521151 Dhanlaxmi Fabrics Ltd. Mrs. Kamla R Jhawar 14/01/2009 B 12130 110930 1.84 521151 Dhanlaxmi Fabrics Ltd. Mrs. Vandana V Jhawar 14/01/2009 B 20000 64400 1.07 526783 Dr.Agarwals Eye Hospital Ltd. Dr. Amar Agarwal. 10/11/2008 B 200 154913 3.44 532996 FIRST WINNER INDUSTRIES LTD Real Marketing Pvt Ltd. 14/01/2009 B 261701 1.47 1816986 10.25 501848 Garware Offshore Services Limited Ashok B Garware 12/12/2008 - 19/01/2009 B 11428 145105 0.61 532345 Gati Limited Mahendra Kumar Agarwal 21/01/2009 - 22/01/2009 B 56994 1785417 2.10 532808 House of Pearl Fashions Limited Pallak Seth 09/01/2009 - 16/01/2009 B 11931 0.06 1306461 6.69 500199 IG Petrochemicals Ltd Shekhavati Investment Corporation Ltd -- B 3866610 12.56 4078210 13.24 500202 India Lease Devl. Ltd., MGF Services Ltd. 20/01/2009 B 6074 269362 2.64 532388 Indian Overseas Bank Life Insurance Corporation Of India. 14/01/2009 B 200000 0.03 27264924 5.00 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 16/01/2009 B 7886 0.02 2172038 4.62 532747 Kingfisher Airlines Limited Deccan Emerging Business Ventures P Ltd 19/01/2009 S 230934 0.08 1071429 0.40 513269 Man Industries (India) Ltd Nikhil Mansukhani 16/01/2009 B 6861 811398 1.52 532748 Prime Focus Limited ICG Q Limited 16/01/2009 S 10497 -- 532748 Prime Focus Limited ICG Q Limited 16/01/2009 B 268593 995286 7.82 532791 PYRAMID SAIMIRA THEATRE LTD. Mr. Nirmal Kotecha 30/12/2008 - 07/01/2009 S 4381450 15.49 47502 0.16 517214 Spice Mobiles Ltd Mr. Krishan Lal Chugh 13/01/2009 S 7228 67803 0.09 517214 Spice Mobiles Ltd Mr. Krishan Lal Chugh 14/01/2009 - 15/01/2009 S 20337 47466 0.06 517214 Spice Mobiles Ltd Mr. Krishan Lal Chugh 16/01/2009 S 7103 40363 0.05 523756 SREI Infrastructure Finance limited ICICI Pru.MF & Pru.AssetMgmt(Sing)Ltd. 30/12/2008 S 1443827 1.24 4485249 3.86 524542 Sukhjit Starch & Chemicals Ltd. I K Sardana 16/01/2009 B 378 364334 4.94 532874 Suryachakra Power Corporation Ltd. Mrs. M Mangatayaru 12/01/2009 - 16/01/2009 B 11000 1286867 1.68 533033 The Saraswati Industrial Syndicate Limited The Yamuna Syndicate Ltd 20/01/2009 - 21/01/2009 B 25747 0.35 2982987 40.48 533033 The Saraswati Industrial Syndicate Limited Mr. Aditya Puri 20/01/2009 B 299 428557 5.82 500148 Uflex Limited Anant Overseas Private Ltd 21/01/2009 - 22/01/2009 B 4043 27758787 532824 Vijayeswari Textiles Ltd. Seshraj Enterprises Pvt Ltd 09/01/2009 B 1100 7299910 40.18

B - Buy

S - Sale

RESEARCH REPORTS