>INSIDER TRADING 12-03-09

524448 Ahlcon Parenterals (India) Ltd., Bikramjit Ahluwalia 02/03/2009 B 750090 10.41 2547502 35.38 532828 AMD Industries Ltd Adit Gupta 03/03/2009 B 15347 2340095 12.20 532828 AMD Industries Ltd Adit Gupta 05/03/2009 B 10562 2350657 12.26 532828 AMD Industries Ltd Harshwarup Gupta 05/03/2009 B 6858 2162019 11.28 532828 AMD Industries Ltd Adit Gupta 09/03/2009 B 10054 2360711 12.31 532828 AMD Industries Ltd Harswarup Gupta 09/03/2009 B 7558 2169577 11.31 532828 AMD Industries Ltd Harswarup Gupta 03/03/2009 B 23714 2155161 11.24 523377 Apar Industries Ltd Shri Kushal N. Desai 03/03/2009 - 06/03/2009 B 4257 6604302 20.42 523377 Apar Industries Ltd Shri. C. N. Desai 03/03/2009 - 06/03/2009 B 7951 6520932 20.16 526433 ASM Technologies Ltd. IDS Systems Pvt. Ltd. 20/02/2009 - 25/02/2009 B 8400 92676 1.85 532797 AUTOLINE INDUSTRIES LTD. M Radhakrishnan 04/03/2009 - 05/03/2009 B 5300 57704 0.47 508136 B & A Ltd. Hemendra Prasad Barooah 05/03/2009 B 3856 867293 27.98 500039 Banco Products (India) Ltd., Samir K Patel 05/03/2009 B 1000 3751176 5.28 531937 Beckons Industries Ltd. Mr. Gurmeet Singh 09/03/2009 B 128950 721210 2.67 532454 Bharti Airtel Ltd. Mr. Manoj Kumar Kohli 06/03/2009 S 53000 70000 532330 Biopac India Corporation Ltd Pankaj B. Doshi 26/02/2009 B 4500 3288999 20.55 526612 Blue Dart Express Ltd. SBI Mutual Fund 25/02/2009 B 21283 0.08 1206732 5.08 532929 Brigade Enterprises Limited M. R. Jaishankar -- B 21841 22887199 20.39 511196 Can Fin Homes Ltd., Canara Bank 09/03/2009 B 1386 8252485 40.28 511196 Can Fin Homes Ltd., Canara Bank 05/03/2009 B 904 8244689 40.24 500280 Century Enka Ltd., Century Textiles and Industries Ltd 05/03/2009 - 06/03/2009 B 25194 213852 1.06 500280 Century Enka Ltd., Century Textiles and Industries Ltd. 04/03/2009 B 13520 0.06 188658 0.94 500280 Century Enka Ltd., Century Textiles and Industries Ltd. 03/03/2009 B 19763 0.09 175138 0.87 522059 Champagne Indage Ltd., Arun B Shah 03/03/2009 S 60000 -- 532768 FIEM INDUSTRIES LIMITED Seema Jain 06/03/2009 B 18054 1613252 13.49 532345 Gati Limited Mahendra Kumar Agarwal 06/03/2009 B 14499 1941687 2.28 532424 Godrej Consumer Products Ltd. Godrej Industries Ltd. -- B 3400000 1.32 0 0.00 532424 Godrej Consumer Products Ltd. Godrej Industries Ltd. -- B 7924 55249691 21.50 523477 Gujarat Gas Co. Ltd. GGCL-Employee Welfare Stock Option Trust 02/03/2009 - 04/03/2009 B 13902 55672 0.08 500467 Harrisons Malayalam Ltd., Pankaj Kapoor 20/02/2009 B 1000 77942 0.42 532333 HB Portfolio Ltd. Shri H C Bhasin 06/03/2009 B 24152 0.20 5896576 49.17 509627 Hindustan Dorr-Oliver Ltd. Mr. B Sudhir Reddy 05/03/2009 B 10279 40000 0.01 500010 Housing Development Finance Corp.Lt Euro Pacific Growth Fund 05/03/2009 B 1800000 0.63 15436346 5.42 500204 India Securities Ltd., Essar Capital Limited -- B 14962793 56.26 17511393 65.85 500204 India Securities Ltd., Essar Investments Ltd -- S 13660689 51.37 -- 532479 ISMT Limited Mr. A K Jain 04/03/2009 - 05/03/2009 B 21400 2097327 1.43 532644 J.K. CEMENT LTD Shri. Ajay Kumar Saraogi 06/03/2009 B 500 -- 532532 Jaiprakash Associates Limited Shri. Manoj Gaur 05/03/2009 B 1000 51000 532627 Jaiprakash Hydro-Power Ltd. Shri. Manoj Gaur 05/03/2009 B 1000 42400 532942 KNR Constructions Limited K. Narasimha Reddy 02/03/2009 B 19077 9689948 34.46 500250 L.g.Balkrishnan & Bros. Ltd. Shri B. Vijayakumar 06/03/2009 B 6219 9904691 12.62 500250 L.g.Balkrishnan & Bros. Ltd. Sri B Vijayakumar 05/03/2009 B 210304 9898472 12.61 532783 LT Foods Limited Surinder Kumar Arora 05/03/2009 B 2500 2108810 9.47 514450 Mahalaxmi Rubtech Ltd. Ratna R. Parekh 05/03/2009 - 06/03/2009 S 35000 0.23 650075 7.37 514450 Mahalaxmi Rubtech Ltd. Amita A. Parekh 06/03/2009 - 09/03/2009 S 35000 0.40 762150 8.65 513269 Man Industries (India) Ltd Man Aluminium Ltd 05/03/2009 B 10000 205045 0.38 532494 Micro Technologies (India) Ltd. PR Vyapaar Pvt. Ltd. 07/02/2009 - 17/02/2009 B 150000 1.37 693867 6.32 511549 Morarka Finance Ltd. Shri G R Morarka 06/03/2009 B 150 6291 0.14 511549 Morarka Finance Ltd. Mr. G. R. Morarka 04/03/2009 B 600 6141 0.14 526721 Nicco Parks And Resorts Ltd. Rajive Kaul 25/02/2009 - 26/02/2009 B 151 185500 3.96 530377 Nila Infrastructures Ltd Manoj Vadodaria 24/02/2009 - 04/03/2009 B 27705 0.05 705192 0.57 530377 Nila Infrastructures Ltd Nila Vadodaria 24/02/2009 - 04/03/2009 B 29307 0.02 3783155 3.07 531092 OM Metals Infraprojects Ltd T. C. Kothari & Sons Family Trust -- B 15276 0.02 10502800 10.91 532944 OnMobile Global Ltd. Amit Kumar Dey 05/03/2009 S 30500 396781 0.68 532944 OnMobile Global Ltd. Sidharth Sharma 03/03/2009 - 04/03/2009 S 10501 36847 0.06 532944 OnMobile Global Ltd. Sandeep Ganguly 02/03/2009 - 05/03/2009 S 26389 14698 0.02 532944 OnMobile Global Ltd. Amit Kumar Dey 04/03/2009 S 15000 381781 0.66 532944 OnMobile Global Ltd. Amit Kumar Dey 06/03/2009 S 75000 306781 0.53 504864 Orissa Sponge Iron And Steel Limited Quantum (M) Ltd 03/03/2009 S 1132043 5.66 129000 0.65 504864 Orissa Sponge Iron And Steel Limited Bhushan Energy Limited 03/03/2009 B 817000 4.09 2717000 13.59 522205 Praj Industries Ltd. Mr. Parth Chaudhari 02/03/2009 - 03/03/2009 B 256637 1800000 0.98 522205 Praj Industries Ltd. Mr. Pramod Chaudhari 02/03/2009 B 18000 29209527 15.92 526247 Premier Explosives Ltd. A N Gupta - HUF 25/02/2009 B 608 0.01 374482 4.61 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni 26/02/2009 - 27/02/2009 B 9738 9135676 45.68 517556 PVP Ventures Ltd Sachendra Tummala 27/02/2009 - 04/03/2009 B 45000 45000 0.01 523523 Rainbow Papers Ltd., Nikita Ajay Goenka 05/03/2009 S 3200 127697 531033 Regal Entertainment & Consultants Ltd. Shri Dinesh Gupta 24/02/2009 B 550 -- 500366 Rolta India Ltd., M/s Rolta Shares & Stocks Pvt. Ltd. 09/03/2009 B 500000 0.00 5012512 3.12 530073 Sanghvi Movers Ltd. Chandrakant P Sanghvi 05/03/2009 B 500 624284 1.44 512062 Sanmitra Commercial Ltd., Prakash Shah 07/03/2009 B 50000 154000 14.00 532793 Shree Ashtavinayak Cine Vision Ltd Dhilin H. Mehta 27/02/2009 B 5000 0.05 1715800 16.38 532793 Shree Ashtavinayak Cine Vision Ltd Dhilin H. Mehta 26/02/2009 B 15000 0.14 1710800 16.33 523756 SREI Infrastructure Finance limited Goldman Sachs Investments(Mauritius) I L 19/10/2007 - 27/02/2009 B 2367488 2.04 -- 523756 SREI Infrastructure Finance limited Glodman Sachs Investments(Mauritius) I L 19/10/2007 - 27/02/2009 S 8073570 6.95 1456 513262 Steel Strips & Wheels Ltd Shri. Dheeraj Garg 02/03/2009 - 04/03/2009 B 2140 709992 5.43 500148 Uflex Limited Anshika Consultants Pvt Ltd 06/03/2009 B 6510 27845922 500148 Uflex Limited Anshika Consultants Pvt Ltd 04/03/2009 - 05/03/2009 B 13207 27839412 511333 VLS Finance Limited VLS Capital Ltd 25/02/2009 S 7239 0.01 11942624 30.01 511333 VLS Finance Limited VLS Capital Ltd 25/02/2009 S 1940 11949863 30.02 511333 VLS Finance Limited VLS Capital Ltd 24/02/2009 S 7565 0.01 11951803 30.03

B - Buy

S - Sale

RESEARCH REPORTS