>INSIDER TRADING 08-06-09

519183	Adf Foods Ltd	Parul B Thakkar	29/05/2009	B	50		210652	1.19
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd	28/05/2009	B	10000	0.04	12160673	48.02
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd	28/05/2009	B	13106	0.05	12173779	48.07
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	29/05/2009	B	10000	0.04	12183779	48.11
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	29/05/2009	B	7500	0.03	12191279	48.14
500425	Ambuja Cements Ltd	Arun Kumar Sarkar	01/06/2009	S	2000		32415
500425	Ambuja Cements Ltd	Arun Kumar Sarkar	02/06/2009	S	7000		25415
500425	Ambuja Cements Ltd	Arun Kumar Sarkar	20/05/2009	S	4000		34415
500425	Ambuja Cements Ltd	B L Taparia	--	B	187500		533750	0.03
500425	Ambuja Cements Ltd	B L Taparia	01/06/2009	S	20000		513750	0.03
500425	Ambuja Cements Ltd	Girish Gangal	01/06/2009 - 02/06/2009	S	5000		5000
500425	Ambuja Cements Ltd	N P Ghuwalewala	01/06/2009	S	15000		360000
500425	Ambuja Cements Ltd	Rajendra P Anjaria	01/06/2009 - 02/06/2009	S	12449		19551
532828	AMD Industries Ltd	Harswarup Gupta	05/06/2009	B	5000		2339561	12.20
532994	Archidply Industries Ltd	Assam Timber Product Pvt Ltd	03/06/2009	B	6225	0.03	4208145	19.12
532678	Bombay Rayon Fashions Ltd	JM Financial Mutual Fund	27/05/2009	S	71300	0.10	3603918	5.22
532801	Cambridge Technology Enterprises Ltd	Y Ramesh Reddy	04/06/2009	B	100000		100650	0.64
517514	D&H Welding Electrodes India Ltd	Harsh Vora HUF	03/06/2009	B	40000		48600	0.83
532696	Educomp Solutions Ltd	Soumya Kanti Purkayastha	02/06/2009	S	500	0.00	260	0.00
524768	Emmessar Biotech & Nutrition Ltd	MSR Ayyangar	29/05/2009	B	300	0.01	74112	1.48
532857	Glory Polyfilms Ltd	Yogesh P Kela	25/05/2009	S	20000		4767600	27.97
532857	Glory Polyfilms Ltd	Yogesh P Kela	29/05/2009	S	24265		4717600	27.00
532857	Glory Polyfilms Ltd	Yogesh P Kela	29/05/2009	S	25735		4741865	27.14
526683	Hotel Rugby Ltd	Darshana M Thacker	01/06/2009	S	75000		7929012	55.35
500187	HSIL Ltd	Paco Exports Ltd	27/05/2009	B	31720	0.06	20297685	36.89
500187	HSIL Ltd	Soma Investments Ltd	27/05/2009	B	30000	0.05	3919232	7.12
522059	Indage Vintners Ltd	Sonata Investments Ltd	28/05/2009	S	820000	5.37	0	0.00
532100	Indo City Infotech Ltd	Shashi Jain	28/05/2009 - 29/05/2009	B	42500		1087500	10.46
500165	Kansai Nerolac Paints Ltd	Devendra Motilal Kothari	01/06/2009	S	2100		1265	0.00
500165	Kansai Nerolac Paints Ltd	Indu Devendra Kothari	01/06/2009	S	1800		3813	0.00
532778	Lanco Infratech Ltd	D V Rao	02/06/2009	S	2000		194325
532778	Lanco Infratech Ltd	D V Rao	02/06/2009	S	5000		189325
500257	Lupin Ltd	Sunil Makharia	05/06/2009	S	200		0
500520	Mahindra & Mahindra Ltd	Arun Kumar Nanda	02/06/2009	S	6600	0.00	191264	0.07
500520	Mahindra & Mahindra Ltd	Bharat N Doshi	03/06/2009	S	4000	0.00	247516	0.09
524794	Matrix Laboratories Ltd	Dr Umamaheswara Rao	01/06/2009	S	11851		0	0.00
524794	Matrix Laboratories Ltd	MP Laboratories (M) Ltd	03/06/2009	B	27053416		137078050	88.66
531453	Mohit Industries Ltd	Narayan Saboo	27/05/2009	B	2917		413709	3.55
531453	Mohit Industries Ltd	Narayan Saboo	28/05/2009	B	1542		415251	3.56
531453	Mohit Industries Ltd	Narayan Saboo	28/05/2009	B	5618		420869	3.61
531453	Mohit Industries Ltd	Narayan Saboo	29/05/2009	B	7071		427940	3.67
513446	Monnet Ispat Ltd	Copthall Mauritius Inv Ltd	--	S	100000	0.21	1670105	3.48
500075	Nagarjuna Fertilizers & Chemicals Ltd	Chinnar Securities Pvt Ltd	05/06/2009	S	4034100	0.94	0	0.00
500075	Nagarjuna Fertilizers & Chemicals Ltd	KRR Holdings Pvt Ltd	05/06/2009	S	8241650	1.92	0	0.00
500075	Nagarjuna Fertilizers & Chemicals Ltd	KS Raju & Associates Holdings Pvt Ltd	05/06/2009	S	12912054	3.02	0	0.00
500075	Nagarjuna Fertilizers & Chemicals Ltd	Nagarjuna Management Services Pvt Ltd	05/06/2009	B	36588804	8.54	87034762	20.32
500075	Nagarjuna Fertilizers & Chemicals Ltd	Saveri Chemicals Pvt Ltd	05/06/2009	S	11401000	2.66	0	0.00
532798	Network 18 Media & Investments Ltd	Reliance Capital Ltd	14/05/2007 - 04/06/2009	B	2675000		5230000
500307	Nirlon Ltd	Mallika V Advani	02/06/2009	B	25441		373700	0.64
533008	OCL Iron and Steel Ltd	R H Dalmia	29/05/2009	S	13414316		48928854	36.48
532466	Oracle Financial Services Software Ltd	Dinesh V Shetty	03/06/2009	S	1000		8000
532466	Oracle Financial Services Software Ltd	Hariharan Sankaran	--	S	760		55427
532817	Oriental Trimex Ltd	Rajesh Kumar Punia	29/05/2009	B	9666		2405741	16.23
500366	Rolta India Ltd	Morgan Stanely & Co Int Plc a/c Morgan Stanely (M) Co Ltd	02/06/2009	B	4015681
500366	Rolta India Ltd	Morgan Stanely & Co Int Plc a/c Morgan Stanely (M) Co Ltd	02/06/2009	S	167400		9856605	6.12
524446	Sabero Organics Gujarat Ltd	Clearwater Capital Partners (Cyprus) Ltd	02/06/2009	S	250000	0.85	2680505	9.18
532886	SEL Manufacturing Company Ltd	Mavi Investment Fund Ltd	--	S	200000	1.16	703609	4.10
502742	Sintex Industries Ltd	BVM Finance Pvt Ltd	26/05/2009	B	50000		31899765	23.37
526133	Supertex Industries Ltd	Super Infincon Pvt Ltd	--	B	219226	2.23	2413487	24.52
590020	Tera Software Ltd	T Gopichand	12/05/2009 - 22/05/2009	B	43738	0.35	2090714	16.71
531390	Upsurge Investment & Finance Ltd	D K Goyal HUF	01/06/2009	B	16995	0.19	450000	4.92
532648	Yes Bank Ltd	Russell AIF Capital Inc	04/05/2009 - 04/06/2009	S	6299751		8700249

532799	Akruti City Ltd	Cello Pens & Stationery Pvt Ltd	03/06/2009	Sale	667000	1.00	4167000	6.24	*
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	28/05/2009	Acq	23106	0.09	12173779	48.07	#
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	28/05/2009	Acq	23106	0.09	12173779	48.07	*
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	29/05/2009	Acq	17500	0.07	12191279	48.14	#
531400	Almondz Global Securities Ltd	Almondz Cap & Mgmt Ser Ltd & PACs	29/05/2009	Acq	17500	0.07	12191279	48.14	*
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	03/06/2009	Acq	6225	0.03	4208145	19.12	#
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	05/06/2009	Acq	20860	0.10	4229005	19.22	*
526821	Dai-Ichi Karkaria Ltd	Ashokkumar Parmar	19/07/2007 - 28/05/2009	Acq	760640	10.00	760640	10.00	#
506401	Deepak Nitrite Ltd	Forex Leafin Pvt Ltd	05/06/2009	Acq	4978	0.05	174978	1.96	*
506401	Deepak Nitrite Ltd	Forex Leafin Pvt Ltd	25/05/2009	Acq	105000	1.17	170000	1.90	#
506401	Deepak Nitrite Ltd	Pranawa Leafin Pvt Ltd	25/05/2009	Acq	105000	1.17	173000	1.93	#
500187	HSIL Ltd	Paco Exports Ltd & PACs	01/06/2009	Acq	10000	0.02	33283903	60.49	*
500187	HSIL Ltd	Paco Exports Ltd & Soma Inv Ltd & PACS	27/05/2009	Acq	61720	0.11	33232140	60.39	#
532100	Indo City Infotech Ltd	Shashi Jain	28/05/2009 - 29/05/2009	Acq	42500	0.41	1087500	10.46	*
514034	JBF Industries Ltd	Bhagirath C Arya	01/06/2009	Acq	1000000	1.61	22984123	36.93	#
514034	JBF Industries Ltd	Vidic Resources Pvt Ltd	02/06/2009	Acq	2852804	4.59	3333804	5.36	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	03/06/2009 - 04/06/2009	Acq	700	0.00	12200732	6.28	*
524794	Matrix Laboratories Ltd	MP Laboratories (Mauritius) Ltd	03/06/2009	Acq	27053416	17.50	137078050	88.66	#
500075	Nagarjuna Fertilizers & Chemicals Ltd	Chinnar Sec Pvt Ltd	05/06/2009	Sale	4034100	0.94	0	0.00	*
500075	Nagarjuna Fertilizers & Chemicals Ltd	K S Raju & Associates Holdings Pvt Ltd	05/06/2009	Sale	12912054	3.02	0	0.00	*
500075	Nagarjuna Fertilizers & Chemicals Ltd	KRR Holdings Pvt Ltd	05/06/2009	Sale	8241650	1.92	0	0.00	*
500075	Nagarjuna Fertilizers & Chemicals Ltd	Nagarjuna Management Services Pvt Ltd	05/06/2009	Acq	36588804	8.54	87034762	20.32	*
500075	Nagarjuna Fertilizers & Chemicals Ltd	Saveri Chemicals Pvt Ltd	05/06/2009	Sale	11401000	2.66	0	0.00	*
500366	Rolta India Ltd	Morgan Stanely & Co Int Plc a/c	04/06/2009	Acq	3848281	2.39	9856605	6.12	#
526161	Spenta International Ltd	Danny Hansotia	29/05/2009	Acq	8316	0.26	701862	22.55	*
523363	Sterling Holiday Resorts India Ltd	Blue Ocean Investment Trust	04/06/2009	Acq	1644300	3.43	2835608	5.92	*
521022	Suryajyoti Spinning Mills Ltd	Mavi Investment Fund Ltd	03/08/2007 - 20/05/2009	Acq	1036608		1036608	6.42	*
590020	Tera Software Ltd	T Gopichand	--	Acq	43738	0.35	2090714	16.71	*
590020	Tera Software Ltd	T Gopichand	12/05/2009 - 22/05/2009	Acq	43738	0.35	2090714	16.71	#
526921	Twentyfirst Century Management Services Ltd	Twentyfirst Century Money Growth Fund Ltd	05/06/2009	Sale	25920	0.25	591198	5.63	*
504605	Uni Abex Alloy Products Ltd	Firoze Adi Vakil	05/06/2009	Acq	721	0.04	9115	0.46	*
531390	Upsurge Investment & Finance Ltd	D K Goyal HUF	01/06/2009	Acq	16995	0.19	450000	4.92	#
531390	Upsurge Investment & Finance Ltd	D K Goyal HUF	01/06/2009	Acq	16995	0.19	450000	4.92	*
512217	Woolite Mercantile Company Ltd	Umesh Chamdia	29/05/2009	Acq	55912	2.81	1205382	60.51	*

RESEARCH REPORTS