INSIDER TRADING 13-03-09

532762 Action Construction Equipments Ltd. Mr. Sorab Agarwal 24/02/2009 B 84000 2235050 2.49 519183 ADF Foods Limited. M/s H J Thakkar Property Investment Ltd 26/02/2009 - 27/02/2009 B 1474 16218 0.09 519183 ADF Foods Limited. M/s H J Thakkar Property Investments Ltd 24/02/2009 - 25/02/2009 B 801 14744 0.08 507828 Ansal Housing & Construction Ltd., Deepak Ansal 09/03/2009 B 28459 0.16 1961074 11.16 532609 Bharati Shipyard Ltd. JM Financial Mutual Fund 27/02/2009 S 231967 0.84 1908747 6.92 531590 Bilpower Ltd. Mr. Ashok Bansal 02/03/2009 B 1000 0.01 21678 0.20 505681 Bimetal Bearings Ltd Simpson & Company Ltd -- B 170 562687 14.71 505681 Bimetal Bearings Ltd Simpson & Company Ltd -- B 100 562787 14.71 532330 Biopac India Corporation Ltd Pankaj B. Doshi 24/02/2009 B 3000 3277183 20.48 532330 Biopac India Corporation Ltd Pankaj B. Doshi 05/03/2009 B 8400 3308599 20.67 511196 Can Fin Homes Ltd., Canara Bank 03/03/2009 B 400 8243785 40.24 511196 Can Fin Homes Ltd., Canara Bank 26/02/2009 B 2339 0.01 8236586 40.20 511196 Can Fin Homes Ltd., Canara Bank 27/02/2009 B 6799 0.03 8243385 40.24 532548 Century Plyboards (India) Ltd. Mittu Agarwal 04/03/2009 S 118850 3694490 532548 Century Plyboards (India) Ltd. Sumitra Devi Agarwal 03/03/2009 S 118800 2494390 512018 CNI Research Ltd Shreenath Finstock Pvt. Ltd. 02/03/2009 B 80000 0.26 3610810 11.80 526550 Country Club (India) Ltd. Y Rajeev Reddy 20/02/2009 B 300000 19336025 24.97 500645 Deepak Fertilizers &Petrochemicals Dr. S. Rama Iyer 25/02/2009 - 26/02/2009 B 20000 50000 0.05 511072 Dewan Housing Finance Corpn. Ltd., M/s Wadhawan Holdings Pvt. Ltd. 26/02/2009 B 20000 0.03 4404229 7.28 511451 Dharani Finance Ltd. Mr. K Kandasamy 26/02/2009 B 5200 64990 1.30 511451 Dharani Finance Ltd. Mrs. Vijayalakshmi Kandasamy 26/02/2009 B 20000 47989 0.96 532322 Elder Pharmaceuticals Ltd Semit Pharmaceuticals & Chemicals Pvt Lt 04/02/2009 - 16/02/2009 B 2043 1813179 9.61 532322 Elder Pharmaceuticals Ltd Semit Pharmaceuticals & Chemicals P Ltd 17/02/2009 - 04/03/2009 B 17840 1831019 9.71 500246 Envair Electrodyne Ltd. Mr. Shripad Mirashi 24/02/2009 B 1000 0.03 1563567 51.43 532768 FIEM INDUSTRIES LIMITED Seema Jain 04/03/2009 B 10683 1572196 13.14 509563 Garware Marine Industries Ltd., Mr. Ashok B. Garware 25/02/2009 B 100000 567253 10.34 509567 Goa Carbon Ltd., Shrinivas V. Dempo 27/02/2009 - 03/03/2009 B 4641 127400 1.39 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta 27/02/2009 B 2186 33903409 24.50 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta 09/03/2009 B 23971 33968782 24.55 532333 HB Portfolio Ltd. Shri. H. C. Bhasin 04/03/2009 B 27500 0.23 5847902 48.76 532333 HB Portfolio Ltd. Shri. H. C. Bhasin 03/02/2009 B 44878 0.37 5820402 48.53 500180 HDFC Bank Ltd. Life Insurance Corporation of India 18/12/2008 - 02/03/2009 B 8917007 2.09 30223267 7.10 500187 Hindustan Sanitaryware & Industries New Delhi Ind. Promoters & Investors Ltd 02/03/2009 B 207668 0.38 3075621 5.59 500187 Hindustan Sanitaryware & Industries New Delhi Ind. Promoters & Investors Ltd 24/02/2009 B 9602 0.02 2861396 5.20 500187 Hindustan Sanitaryware & Industries New Delhi Ind. Promoters & Investors Ltd 26/02/2009 B 2001 2867953 5.21 532894 Indowind Energy Ltd. Loyal Credit and Investments Ltd 24/02/2009 - 02/03/2009 B 125000 0.26 6632509 13.89 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd 03/03/2009 B 4000 2346532 4.98 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd 02/03/2009 B 734 2342532 4.97 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani 24/02/2009 B 3000 0.08 273364 7.81 500250 L.g.Balkrishnan & Bros. Ltd. Shri. B. Vijayakumar 03/03/2009 B 12531 9324731 11.86 500250 L.g.Balkrishnan & Bros. Ltd. Shri B. Vijayakumar 04/03/2009 B 363437 9688168 12.34 532783 LT Foods Limited Ashwani Arora 04/03/2009 B 599 2106914 9.46 532783 LT Foods Limited Vijay Kumar Arora 04/03/2009 B 1559 2132737 9.58 501473 Malabar Trading Co. Ltd., Mahesh Khandelwal 06/03/2009 B 425 9500 19.00 531642 Marico Limited Harsh Mariwala 03/03/2009 B 84072 0.01 35034600 5.75 523886 Micro Inks Ltd. Reliance Equity Opportunities Fund 06/03/2009 B 33656 0.13 1250859 5.02 509760 Modern Shares and Stockbrokers Ltd. Bhagwanti Exports Pvt Ltd -- B 5000 0.17 1015363 34.64 531453 Mohit Industries Limited Manish Saboo 25/02/2009 B 6500 113090 0.97 501343 Motor & General Finance (M.G.F.) Lt MGF Services Ltd -- B 946 489818 2.53 526721 Nicco Parks And Resorts Ltd. Rajive Kaul 03/03/2009 B 50 185600 3.96 526721 Nicco Parks And Resorts Ltd. Rajive Kaul 27/02/2009 B 50 185550 3.96 526721 Nicco Parks And Resorts Ltd. Rajive Kaul 20/02/2009 B 300 185349 3.96 530305 Piccadily Agro Industries ltd. Shri Siddhartha Vashishta 24/02/2009 - 27/02/2009 B 24887 0.10 2712530 11.50 507498 Piccadily Sugar & Allied Ltd. Shri Siddhartha Vashishta 24/02/2009 - 27/02/2009 B 11275 0.04 5076031 17.20 526247 Premier Explosives Ltd. A N Gupta - HUF 24/02/2009 B 2899 0.04 373874 4.60 526247 Premier Explosives Ltd. A N Gupta - HUF 25/02/2009 B 100 374582 4.61 526247 Premier Explosives Ltd. A N Gupta - HUF 27/02/2009 B 2393 0.03 376975 4.64 523523 Rainbow Papers Ltd., Niyati Ajay Goenka 03/03/2009 B 35000 303900 532869 ROMAN TARMAT LIMITED Mr. Dilip Varghese 23/02/2009 B 42017 960917 8.77 532638 Shopper's Stop Ltd. Anbee Construction Pvt Ltd 05/11/2008 - 03/03/2009 B 362747 1.04 3079447 8.83 532638 Shopper's Stop Ltd. Capt Trading Pvt Ltd 08/12/2008 - 03/03/2009 B 361314 1.04 3078014 8.83 523023 Sinclairs Hotels Ltd Navin Chand Suchanti 19/02/2009 - 24/02/2009 B 24215 217675 4.67 505650 Skyline Millars Ltd Mrs. Urmi A Patel 20/02/2009 B 2600 170000 0.42 505650 Skyline Millars Ltd Mrs. Urmi A Patel 18/02/2009 B 2400 167400 0.42 531548 Somany Ceramics Limited Scope Vinimoy Pvt Ltd 04/03/2009 B 380 0.01 616467 8.94 531548 Somany Ceramics Limited Scope Vinimoy Pvt Ltd 26/02/2009 B 75 605727 8.78 531548 Somany Ceramics Limited Scope Vinimoy Pvt. Ltd. 03/03/2009 B 145 616087 8.93 531548 Somany Ceramics Limited Scope Vinimoy Pvt Ltd 25/02/2009 B 5014 0.07 605652 8.78 500404 Sunflag Iron & Steel Co. Ltd., Supra Corporation Ltd. 04/03/2009 B 1867126 1.15 6065804 3.74 532874 Suryachakra Power Corporation Ltd. Mrs. M Mangatayaru 24/02/2009 B 6300 1361341 1.78 532874 Suryachakra Power Corporation Ltd. Mrs. M Mangataryaru 25/02/2009 - 27/02/2009 B 10500 1371841 1.79 532276 Syndicate Bank Life Insurance Corporation of India 05/11/2008 - 02/03/2009 B 10895702 2.09 48376368 9.27 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 26/02/2009 - 27/02/2009 B 5533 6717603 22.51 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 02/03/2009 - 03/03/2009 B 8495 6726098 22.53 507817 Wires & Fabriks (SA) Ltd., W & F Securities Pvt Ltd 26/02/2009 B 14300 1652056 54.05

B - Buy

S - Sale

RESEARCH REPORTS

>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