>INSIDER TRADING 07-05-09

532975	Aishwarya Telecom Ltd	G Rama Manohar Reddy	06/05/2009	B	5000		3606201	33.82
511589	Almondz Capital & Management Services Ltd	Innovative Money Matters P Ltd	05/05/2009	B	10000	0.09	2169702	21.66
531400	Almondz Global Securities Ltd	Almondz Cap & Mgt Ser Ltd	05/05/2009	B	576		12001123	47.39
532616	Cambridge Solutions Ltd	Scandent Holdings M Ltd (Revised)	09/04/2009	S	41665262	37.41	14115070	-37.41
530871	Chembond Chemicals Ltd	Dr. Vinod D. Shah	23/04/2009	B	1000		444969
530871	Chembond Chemicals Ltd	Dr. Vinod D. Shah	23/04/2009	B	50		443969
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal	24/04/2009 - 04/05/2009	S	195957		5043	0.04
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal HUF	20/04/2009 - 23/04/2009	S	76201		23799	0.18
504028	GEE Ltd	Vidya Finvest P Ltd	04/05/2009	B	18312		4096668	21.67
504028	GEE Ltd	Vidya Finvest P Ltd	05/05/2009	B	12167		4108835	21.73
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	2500	0.01	650110	2.32
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	4992	0.02	0	0.00
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	5017	0.02	0	0.00
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	04/05/2009	B	5450	0.02	0	0.00
532783	LT Foods Ltd	Ashwani Arora	21/04/2009	B	10250		2181830	9.80
500257	Lupin Ltd	Vijaykumar A Kothiwale	04/05/2009	S	500		1750	0.00
500267	Majestic Auto Ltd	Hero Cycles Ltd	--	S	6059	0.06	2951907	28.39
532819	MindTree Ltd	Janakiraman	04/05/2009	S	8800		1041299	2.40
533015	Nu Tek India Ltd	Sumati Sharma	03/10/2008	B	21870		72235
533015	Nu Tek India Ltd	Sumati Sharma	03/11/2008	B	10000		115775
533015	Nu Tek India Ltd	Sumati Sharma	03/11/2008	B	20000		135775
533015	Nu Tek India Ltd	Sumati Sharma	04/02/2009	B	200		250992
533015	Nu Tek India Ltd	Sumati Sharma	04/02/2009	B	5000		250792
533015	Nu Tek India Ltd	Sumati Sharma	06/02/2009	B	15		255992
533015	Nu Tek India Ltd	Sumati Sharma	06/02/2009	B	4985		255977
533015	Nu Tek India Ltd	Sumati Sharma	06/10/2008	B	20000		92235
533015	Nu Tek India Ltd	Sumati Sharma	06/11/2008	B	5000		140775
533015	Nu Tek India Ltd	Sumati Sharma	12/11/2008	B	44590		241645
533015	Nu Tek India Ltd	Sumati Sharma	12/11/2008	B	56280		197055
533015	Nu Tek India Ltd	Sumati Sharma	14/10/2008	B	8540		100775
533015	Nu Tek India Ltd	Sumati Sharma	14/11/2008	B	2000		243645
533015	Nu Tek India Ltd	Sumati Sharma	17/02/2009	B	10		259692
533015	Nu Tek India Ltd	Sumati Sharma	17/02/2009	B	3690		259682
533015	Nu Tek India Ltd	Sumati Sharma	17/11/2008	B	147		245792
533015	Nu Tek India Ltd	Sumati Sharma	17/11/2008	B	2000		245645
533015	Nu Tek India Ltd	Sumati Sharma	20/10/2008	B	5000		105775
533015	Nu Tek India Ltd	Tushar Kumar Varshney	21/08/2008	B	510		5510
533015	Nu Tek India Ltd	Vineet Sirpaul	11/09/2008	B	200		52601
533015	Nu Tek India Ltd	Vineet Sirpaul	12/11/2008	B	835		53436
533015	Nu Tek India Ltd	Vineet Sirpaul	21/08/2008	B	2400		52401
500376	Satyam Computer Services Ltd	Venturbay Consultants Pvt Ltd	05/05/2009	B	302764327	31.00	302764327	31.00
502742	Sintex Industries Ltd	BVM Finance Pvt Ltd	20/04/2009 - 24/04/2009	B	1000000	0.73	31649765	23.18
500472	SKF India Ltd	Ruane Cunniff & Goldfard Inc. A/C & PACs	29/04/2009	B	769000	1.46	3396620	6.44
532966	Titagarh Wagons Ltd	2i Capital PCC	--	S	500000	2.71	556051
500114	Titan Industries Ltd	HDFC Mutual Fund Ltd	--	B	150000	0.34	2268569	5.11
532824	Vijayeswari Textiles Ltd	Seshraj Enterprises P Ltd	06/05/2009	B	7251	0.04	7706021	42.41
524200	Vinati Organics Ltd	Vinati Saraf Mutreja	05/05/2009	B	10064	0.10	121467	1.23

500012	Andhra Petrochemicals Ltd	Jocil Ltd	05/05/2009	Acq	100354	0.12	567364	0.67	*
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	04/05/2009	Acq	12000	0.05	3952000	17.96	*
530871	Chembond Chemicals Ltd	Dr. Vinod D. Shah	23/04/2009	Acq	1050	0.04	444969	14.83	#
531863	Gee Kay Finance & Leasing Company Ltd	Ajay Kumar Agarwal & PAC	04/05/2009	Sale	272158	2.00	28842	0.23	#
504028	GEE Ltd	Vidya Finvest Ltd	04/05/2009	Acq	18312	0.09	4096668	21.67	#
504028	GEE Ltd	Vidya Finvest Ltd	05/05/2009	Acq	12167	0.06	4108835	21.73	#
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	04/05/2009	Acq	94500	0.47	14306858	71.67	#
500162	GMR Industries Ltd	GMR Holdings Pvt Ltd	29/04/2009	Acq	86382	0.43	14212358	71.20	#
532734	Godawari Power & Ispat Ltd	Ram Realmart Pvt Ltd & PACs	04/05/2009	Acq	17959	0.06	650110	2.31	#
532734	Godawari Power & Ispat Ltd	Ram Realmart Pvt Ltd & PACs	04/05/2009	Acq	17959	0.06	650110	2.31	*
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	04/05/2009 - 05/05/2009	Acq	400000	0.21	10291600	5.30	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	06/05/2009	Sale	6059	0.06	2951907	28.39	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	06/05/2009	Sale	6059	0.06	2951907	28.39	*
504864	Orissa Sponge Iron & Steel Ltd	Bhushan Energy Ltd	04/03/2009 - 06/05/2009	Acq	440996	1.63	3157996	11.69	*
532460	Ponni Sugars Erode Ltd	M Amarnath & PACs	13/04/2009	Acq	128726	1.50	535129	6.22	#
500376	Satyam Computer Services Ltd	Venturbay Consultants Pvt Ltd & PAC	05/05/2009	Acq	302764327	31.00	302764327	31.00	#
500472	SKF India Ltd	Ruanne Cunniff & Goldfard Inc. A/C & PACs	29/04/2009	Acq	769000	1.46	3396620	6.44	#
500114	Titan Industries Ltd	HDFC Mutual Fund	04/05/2009	Acq	150000	0.34	2268569	5.11	#

RESEARCH REPORTS

>INSIDER TRADING 06-05-09

531400	Almondz Global Securities Ltd	Almondz Cap Mgt Ser Ltd	04/05/2009	B	200		12000547	47.39
531400	Almondz Global Securities Ltd	Almondz Cap Mgt Ser Ltd	04/05/2009	B	300		12000347	47.39
532828	AMD Industries Ltd	Adit Gupta	05/05/2009	B	4050		2407223	12.53
532828	AMD Industries Ltd	Harswarup Gupta	05/05/2009	B	362		2261190	11.79
532935	Aries Agro Ltd	Dr. Rahul Mirchandani	04/05/2009	B	18285		657583	5.06
522261	Dolphin Offshore Enterprises India Ltd	Dolphin Offshore Projects Ltd	29/04/2009	B	1500	0.02	1760473	18.41
522261	Dolphin Offshore Enterprises India Ltd	Rear Admiral Kirpal Singh	28/04/2009	B	1052		498077	5.21
522261	Dolphin Offshore Enterprises India Ltd	Rear Admiral Kirpal Singh	29/04/2009	B	760		498837	5.22
524226	Gujarat Ambuja Exports Ltd	Shilpa Gupta	13/04/2009	B	2000		1640000	1.18
524226	Gujarat Ambuja Exports Ltd	Shilpa Gupta	13/04/2009	B	3000
524226	Gujarat Ambuja Exports Ltd	Shilpa Gupta	15/04/2009	B	5000		1645000	1.19
532800	IBN18 Broadcast Ltd	Franklin Templeton Mutual Fund	15/04/2009	B	757188	0.42	9157240	5.11
514165	Indian Acrylics Ltd	Dheeraj Garg	04/05/2009 - 05/05/2009	B	16655	0.01	905944	0.69
532175	Infotech Enterprises Ltd	Rajeev Lal President	04/05/2009	S	3000		26304
512559	Kohinoor Foods Ltd	Temptation Foods Ltd	17/02/2009 - 17/04/2009	B	393938	1.40	3653086	12.96
532950	Manjushree Extrusions Ltd	Mphinite Technologies P Ltd	04/05/2009	B	96000	0.71	96000	0.71
501343	Motor & General Finance Ltd	Grosvenor Estates P Ltd	--	B	5788	0.03	221244	1.14
501343	Motor & General Finance Ltd	MGF Services Ltd	--	B	10707	0.05	531729	2.74
517258	Precision Electronics Ltd	Ashok Kanodia	30/04/2009	S	1100000		3087734	22.29
517258	Precision Electronics Ltd	Pradeep Kanodia	30/04/2009	S	1100000		3104235	22.40
523289	Rama Vision Ltd	Arhant Jain	22/04/2009	B	35000		405605	4.05
523289	Rama Vision Ltd	Aus Fin & Inv P Ltd	21/04/2009	B	180000		1077500	10.75
523289	Rama Vision Ltd	Rvl Fin & Inv P Ltd	21/04/2009	B	210000		1073550	10.71
523289	Rama Vision Ltd	Satish Jain	21/04/2009	B	40000		447678	4.47
523289	Rama Vision Ltd	Udit Jain	18/02/2009 - 21/04/2009	B	37336		402749	4.02
532869	Roman Tarmat Ltd	Dilip Varghese	31/03/2009	B	18348	0.00	1028137	9.38
532793	Shree Ashtavinayak Cine Vision Ltd	Dhilin H Mehta	05/05/2009	B	10000	0.09	1750800	16.71
532874	Suryachakra Power Corporation Ltd	Mrs. M Mangatayaru	15/04/2009	B	3000	0.00	1407341	1.84
524200	Vinati Organics Ltd	Vinati Saraf Mutreja	04/05/2009	B	1947	0.01	111403	1.12
517080	Woo Yang Electronics India Ltd	Arch Mercantiles	04/05/2009	S	54400	4.09	0	0.00
517080	Woo Yang Electronics India Ltd	IRC (India) Ltd	04/05/2009	S	58900	4.43	0	0.00
517080	Woo Yang Electronics India Ltd	IRC Worldwide Couriers Ltd	04/05/2009	S	80250	6.03	0	0.00
517080	Woo Yang Electronics India Ltd	Picture Thoughts P Ltd	04/05/2009	B	193550	14.55	193550	14.55

507852	Addi Industries Ltd	Chaman Lal Jain	15/04/2009	Acq	1451	0.01	1650818	15.29	*
526707	Alchemist Ltd	Religare Securities Ltd	08/04/2009	Acq	554023	4.53	945145	7.72	#
526707	Alchemist Ltd	HS FII Investments Ltd	15/04/2009	Acq	1224457	9.99	1224457	9.99	#
524804	Aurobindo Pharma Ltd	Prasad Reddy Kambam	16/04/2009	Acq	21220	0.03	88724	0.16	*
532995	Avon Corporation Ltd	Pankaj P Saraiya	17/04/2009	Acq	20000	0.12	6668483	40.22	*
532491	ECE Industries Ltd	Kedia Banijya Udyog (P) Ltd	05/05/2009	Acq	215000	4.90	215000	4.90	*
524226	Gujarat Ambuja Exports Ltd	Shilpa Gupta	13/04/2009	Acq	5000		1640000	1.18	#
524226	Gujarat Ambuja Exports Ltd	Shilpa Gupta	15/04/2009	Acq	5000	0.00	1645000	1.19	#
524226	Gujarat Ambuja Exports Ltd	Shilpa Gupta	15/04/2009	Acq	5000	0.01	1645000	1.19	*
532800	IBN18 Broadcast Ltd	Franklin Templeton Mutual Fund	15/04/2009	Acq	757188	0.42	9157240	5.11	#
514165	Indian Acrylics Ltd	Dheeraj Garg & PACs	04/05/2009 - 05/05/2009	Acq	16655	0.01	69500945	52.92	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	04/05/2009	Acq	400000	0.20	10291600	5.29	*
512559	Kohinoor Foods Ltd	Temptation Foods Ltd	17/02/2009 - 17/04/2009	Acq	393938	1.40	3653086	12.96	#
532950	Manjushree Extrusions Ltd	Mphinite Technologics Pvt Ltd	04/05/2009	Acq	96000	0.71	7449584	54.99	#
501343	Motor & General Finance Ltd	Grosvenor Estates P Ltd	--	Acq	5788	0.03	221244	1.14	#
501343	Motor & General Finance Ltd	MGF Services Ltd	--	Acq	10707	0.05	531729	2.74	#
502420	Orient Paper & Industries Ltd	Central India Industries Ltd	17/04/2009	Acq	50000	0.03	39327627	20.39	*
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	16/04/2009	Acq	7674	0.01	45600219	68.22	*
523289	Rama Vision Ltd	Udit Jain & PACs	21/04/2009	Acq	500185		5011666	45.00	#
532869	Roman Tarmat Ltd	Dilip Varghese	31/03/2009	Acq	18348	0.17	1028137	9.38	#
526753	Roselabs Ltd	Madhudevi Agrawal	16/04/2009	Sale	80000	0.70	220110	1.94	#
526753	Roselabs Ltd	Madhudevi Agrawal	17/04/2009	Sale	65000	0.57	155110	1.36	*
526753	Roselabs Ltd	Rosydevi Agrawal	21/04/2009	Sale	50000	0.44	552650	4.86	*
500376	Satyam Computer Services Ltd	Venturbay Cons P Ltd & PAC	05/05/2009	Acq	302764327	31.00	302764327	31.00	*
522175	Shiv Vani Oil & Gas Exploration Services Ltd	Reliance Regular Savings Fund - Equity Option and Reliance Growth Fund	20/04/2009	Acq	1127000	2.56	3116818	7.09	*
532793	Shree Ashtavinayak Cine Vision Ltd	Dhilin Mehta, Pankti Mehta & Dahlia Traders P Ltd	05/05/2009	Acq	10000		5212037	49.74	#
532833	Sparsh BPO Services Ltd	Kapil Puri	17/07/2008 - 17/04/2009	Acq	325340	2.02	1213577	7.52	*
500114	Titan Industries Ltd	HDFC Mutual Fund	04/05/2009	Acq	150000	0.33	2268569	5.11	*
517080	Woo Yang Electronics India Ltd	Arch Mercantiles Pvt Ltd & PACs	04/05/2009	Sale	193550	14.55	0	0.00	#
517080	Woo Yang Electronics India Ltd	Picture Thoughts P Ltd	04/05/2009	Acq	193550	14.55	193550	14.55	#

RESEARCH REPORTS