>INSIDER TRADING 12-05-09

531897	Accentia Technologies Ltd	Pradeep Suseela Viswambharan	11/05/2009	B	50000	0.37	50000	0.37
532975	Aishwarya Telecom Ltd	G Rama Manohar Reddy	11/05/2009	B	1106		3612307	33.88
530499	AK Capital Services Ltd	A K Mittal	07/05/2009	B	20000		405049	6.14
530499	AK Capital Services Ltd	A K Mittal	08/05/2009	B	24884		429933	6.51
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	07/05/2009	B	23948	0.36	654539	9.92
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	08/05/2009	B	18021	0.27	672560	10.19
532633	Allsec Technologies Ltd	A Saravanan	11/05/2009	B	122396		2345082	15.39
532633	Allsec Technologies Ltd	R Jagadish	11/05/2009	B	122396		2320081	15.23
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Services Ltd	08/05/2009	B	1781	0.00	12009798	47.43
500425	Ambuja Cements Ltd	P B Kulkarni	28/04/2009	S	5000		788833	0.05
500425	Ambuja Cements Ltd	PB Kulkarni	05/05/2009	S	5000		783833	0.05
532828	AMD Industries Ltd	Adit Gupta	07/05/2009 - 08/05/2009	B	5428		2413573	12.59
532828	AMD Industries Ltd	Harswarup Gupta	08/05/2009	B	5223		2270241	11.85
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	07/05/2009	B	13050	0.06	3965050	18.02
532668	Aurionpro Solutions Ltd	Sandeep Daga	07/05/2009	B	49900	0.00	265559	1.79
511196	Can Fin Homes Ltd	Canara Bank	--	B	3709	0.02	8433354	41.17
500096	Dabur India Ltd	Ambati Sudhakar	06/05/2009	S	4500		174452	0.02
500096	Dabur India Ltd	Ambati Sudhakar	07/05/2009	S	4500		169952	0.02
500096	Dabur India Ltd	Rajan Varma	08/05/2009	S	4450		214859	0.03
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticals & Chemicals Pvt Ltd	15/04/2009	B	52	0.00	1858464	9.85
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticals & Chemicals Pvt Ltd	15/04/2009	B	53	0.00	1858517	9.85
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticals & Chemicals Pvt Ltd	16/04/2009	B	270	0.00	1859092	9.86
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticals & Chemicals Pvt Ltd	16/04/2009	B	305	0.00	1858822	9.86
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticals & Chemicals Pvt Ltd	17/04/2009	B	100	0.00	1859357	9.86
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticals & Chemicals Pvt Ltd	17/04/2009	B	165	0.00	1859257	9.86
522074	Elgi Equipments Ltd	Dr. Jairam Varadaraj	08/05/2009	B	694520		6245068	7.99
517477	Elnet Technologies Ltd	Southern Project Managements Pvt Ltd	16/04/2009	B	254371	6.36	254371	6.36
504028	GEE Ltd	Vidya Finvest Pvt Ltd	05/05/2009	B	6000		4114835	21.77
504028	GEE Ltd	Vidya Finvest Pvt Ltd	07/05/2009	B	695		4115530	21.77
504028	GEE Ltd	Vidya Finvest Pvt Ltd	08/05/2009	B	7457		4122987	21.81
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	06/05/2009	B	2500	0.01	0	0.00
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	06/05/2009	B	4381	0.02	656991	2.34
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	07/05/2009	B	1325	0.00	662536	2.36
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	07/05/2009	B	4220	0.02	0	0.00
500202	India Lease Development Ltd	Mgf Services Ltd	13/04/2009	B	2650	0.03	290883	2.85
514165	Indian Acrylics Ltd	Dheeraj Garg	15/04/2009 - 16/04/2009	B	150579		787590	0.59
532894	Indowind Energy Ltd	ABN Amro Bank NV	23/04/2009	S	1000000	2.09	2774000	5.81
532894	Indowind Energy Ltd	ABN Amro Bank NV	23/04/2009	S	1000000	2.09	3774000	7.91
590041	Kavveri Telecom Products Ltd	M M Ganesh	05/05/2009	S	144250	1.47	1315000	13.39
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	08/05/2009	B	151050	0.07	11003650	5.67
500247	Kotak Mahindra Bank Ltd	Paul Parambi	27/04/2009	B	3300		8045
500247	Kotak Mahindra Bank Ltd	Ravi Duvvuru	27/04/2009	B	3000		26550
532783	LT Foods Ltd	Ashwani Arora	22/04/2009	B	10000		2191830	9.84
532783	LT Foods Ltd	Ashwani Arora	29/04/2009	B	2611	0.00	2204441	9.90
532783	LT Foods Ltd	Surinder Kumar Arora	29/04/2009	B	10000	0.00	2235843	10.04
500267	Majestic Auto Ltd	Hero Cycles Ltd	--	S	625	0.01	2930409	28.18
524816	Natco Pharma Ltd	Time Cap Pharma Labs Ltd	07/05/2009 - 08/05/2009	B	20000		3318891
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	10054	0.08	2369539	14.16
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	103	0.00	2345477	14.00
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	2053	0.01	2359485	14.08
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	2127	0.01	2345374	14.00
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	2920	0.02	2356467	14.07
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	8070	0.05	2353547	14.05
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	--	B	965	0.00	2357432	14.07
532817	Oriental Trimex Ltd	Rajesh Kumar Punia	08/05/2009	B	10000		2373814	16.02
520008	Rico Auto Industries Ltd	Ashish Dhawan	06/05/2009	B	62375	0.05	6294960	5.01
532877	Simplex Projects Ltd	Balkrishandas Mundhra	12/01/2009 - 06/05/2009	B	9000		374053	3.12
532348	Subex Ltd	Subash Menon	07/05/2009	B	40943		2567835	7.37
532348	Subex Ltd	Subash Menon	08/05/2009	B	12766		2580601	7.41
532953	V Guard Industries Ltd	Kochouseph Chittilappilly	27/04/2009 - 28/04/2009	B	10385	0.00	6844443	22.93
524200	Vinati Organics Ltd	Suchir Chemicals Pvt Ltd	07/05/2009	B	1000	0.01	937405	9.49
511601	Yash Management & Satellite Ltd	Pratibha Goyal	07/05/2009 - 08/05/2009	B	72500	0.74	190500	1.96
532298	Zenith Infotech Ltd	Raj Kumar Saraf HUF	--	B	11582	0.09	1366573	11.16

530499	AK Capital Services Ltd	A K Mittal	07/05/2009	Acq	20000	0.30	405049	6.14	#
530499	AK Capital Services Ltd	A K Mittal	07/05/2009	Acq	20000	0.30	405049	6.14	*
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	07/05/2009	Acq	23948	0.36	654539	9.92	#
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	07/05/2009	Acq	23948	0.36	654539	9.92	*
530499	AK Capital Services Ltd	A K Mittal	08/05/2009	Acq	24884	0.36	429933	6.51	*
530499	AK Capital Services Ltd	A K Mittal	08/05/2009	Acq	24884	0.38	429933	6.51	#
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	08/05/2009	Acq	18021	0.27	672560	10.19	#
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	08/05/2009	Acq	18021	0.27	672560	10.19	*
532799	Akruti City Ltd	Hi-Tech Housing Projects Pvt Ltd (Pledgee)	21/04/2009	Sale	3333000	4.99	0	0.00	#
532633	Allsec Technologies Ltd	A Saravanan	11/05/2009	Acq	122396	0.80	2345082	15.39	#
532633	Allsec Technologies Ltd	R Jagadish	11/05/2009	Acq	122396	0.80	2320081	15.23	#
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	08/05/2009	Acq	1781	0.00	12009798	47.42	*
500012	Andhra Petrochemicals Ltd	Jocil Ltd	05/05/2009	Acq	100354	0.12	567364	0.67	#
500012	Andhra Petrochemicals Ltd	Jocil Ltd	07/05/2009	Acq	42732	0.05	610096	0.72	#
500012	Andhra Petrochemicals Ltd	Jocil Ltd	08/05/2009	Acq	116010	0.14	726106	0.86	*
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	07/05/2009	Acq	13050	0.06	3965050	18.02	#
531937	Beckons Industries Ltd	Gurmeet Singh	16/04/2009	Acq	123500	0.46	1417660	5.26	#
531203	Brand Realty Services Ltd	Kamal Manchanda	27/02/2009 - 29/04/2009	Acq	66085	2.20	1300038	43.27	*
511196	Can Fin Homes Ltd	Canara Bank	08/05/2009	Acq	3709	0.02	8433354	41.17	#
511196	Can Fin Homes Ltd	Canara Bank	08/05/2009	Acq	3709	0.02	8433354	41.17	*
523890	DS Kulkarni Developers Ltd	Ashok Kumar Parmar	24/02/2009 - 29/04/2009	Acq	1290050	5.00	1290050	5.00	*
517477	Elnet Technologies Ltd	Southern Projects Management Pvt Ltd	16/04/2009	Acq	254371	6.36	254371	6.36	#
504000	Elpro International Ltd	Mavi Investment Fund Ltd	--	Acq	395000	9.99	395000	9.99	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	03/12/2008	Acq	30000	0.76	1650642	41.77	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	12/11/2008 - 14/11/2008	Acq	31500	0.80	1530642	38.73	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	16/01/2009	Acq	16000	0.41	1666642	42.18	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	17/11/2008	Acq	30000	0.76	1560642	39.49	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	18/11/2008	Acq	15000	0.38	1575642	39.87	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	20/11/2008	Acq	20000	0.51	1595642	40.38	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	21/01/2009	Acq	16000	0.41	1682642	42.58	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	23/01/2009	Acq	14000	0.41	1696642	42.94	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	24/11/2008	Acq	15000	0.38	1610642	40.76	#
504000	Elpro International Ltd	Faridabad Investment Company Ltd	25/11/2008	Acq	10000	0.25	1620642	41.01	#
504028	GEE Ltd	Vidya Finvest Ltd	05/05/2009	Acq	6000	0.04	4114835	21.77	#
504028	GEE Ltd	Vidya Finvest Ltd	07/05/2009	Acq	695	0.00	4115530	21.77	#
504028	GEE Ltd	Vidya Finvest Ltd	08/05/2009	Acq	7457	0.04	4122987	21.81	#
509567	Goa Carbon Ltd	Shrinivas V Dempo	05/05/2009	Acq	498	0.00	139398	1.52	*
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd & PACs	06/05/2009 - 07/05/2009	Acq	12426	0.04	662536	2.36	#
532734	Godawari Power & Ispat Ltd	Ram Realmart Pvt Ltd & PACs	06/05/2009 - 07/05/2009	Acq	12426	0.04	662536	2.36	*
500202	India Lease Development Ltd	Mgf Services Ltd	13/04/2009	Acq	2650	0.03	290883	2.85	#
514165	Indian Acrylics Ltd	Dheeraj Garg	04/05/2009 - 05/05/2009	Acq	16655	0.01	905944	0.69	*
514165	Indian Acrylics Ltd	Dheeraj Garg & PACs	15/04/2009 - 16/04/2009	Acq	150579	0.11	787590	0.59	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	08/05/2009	Acq	151050	0.08	11003650	5.67	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	08/05/2009	Acq	151050	0.08	11003650	5.67	*
514128	Konark Synthetic Ltd	Rakadevi Dalmia & PACs	--	Acq	3540000	60.51	4357322	0.00	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	08/05/2009	Sale	625	0.01	2930409	28.18	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	08/05/2009	Sale	625	0.01	2930409	28.18	*
532307	Melstar Information Technologies Ltd	Nirved Traders Pvt Ltd	12/03/2009	Acq	2248744	15.74	2248744	15.74	#
532307	Melstar Information Technologies Ltd	Shearson Investment & Trading Co. Pvt Ltd	12/03/2009 - 15/04/2009	Acq	2443979	17.11	2443979	17.11	#
532307	Melstar Information Technologies Ltd	Suresh Sadhuram Bansal	16/04/2009	Sale	493713	3.46	1161	0.00	#
524816	Natco Pharma Ltd	Time Cap Pharma Labs Ltd	07/05/2009 - 08/05/2009	Acq	20000	0.07	3318891	11.84	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	02/04/2009	Acq	2127	0.01	2345374	14.00	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	06/04/2009	Acq	103	0.00	2345477	14.00	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	09/04/2009	Acq	8070	0.05	2353547	14.05	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	13/04/2009	Acq	2920	0.02	2356467	14.07	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	15/04/2009	Acq	965	0.00	2357432	14.07	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	16/04/2009	Acq	2053	0.01	2359485	14.08	#
532912	Net 4 India Ltd	Sterling Capital (P) Ltd	17/04/2009	Acq	10054	0.08	2369539	14.15	#
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	08/05/2009	Acq	7000	0.01	45692537	68.36	*
523648	Plastiblends India Ltd	Varun S Kabra	07/05/2009	Acq	70773	1.09	502602	7.74	#
532106	Rei Agro Ltd	Aspective Vanijya Pvt Ltd	08/05/2009	Acq	19050	0.01	35902497	12.42	*
520008	Rico Auto Industries Ltd	Ashish Dhawan	06/05/2009	Acq	62375	0.05	6294960	5.01	#
532879	Sir Shadi Lal Enterprises Ltd	Shri Rajat Lal	04/05/2009	Acq	3367	0.07	879930	0.00	#
532879	Sir Shadi Lal Enterprises Ltd	Shri Vivek Viswanathan	04/05/2009	Acq	3333	0.06	1109060	0.00	#
532879	Sir Shadi Lal Enterprises Ltd	Shri Rajat Lal	29/04/2009	Acq	750	0.01	876563	0.00	#
532879	Sir Shadi Lal Enterprises Ltd	Shri Vivek Viswanathan	29/04/2009	Acq	750	0.01	1105727	0.00	#
530521	Virat Industries Ltd	Naozer Jamshed Aga	28/04/2009	Acq	33	0.00	408186	8.29	#
511601	Yash Management & Satellite Ltd	Pratibha Goyal	07/05/2009 - 08/05/2009	Acq	72500	0.74	190500	1.96	#
511601	Yash Management & Satellite Ltd	Pratibha Goyal	07/05/2009 - 08/05/2009	Acq	72500	0.74	190500	1.96	*

RESEARCH REPORTS