>INSIDER TRADING 20-05-09

524348	Aarti Drugs Ltd	Adhish P Patil	12/03/2009 - 11/05/2009	B	25744	0.00	124122	1.06
532975	Aishwarya Telecom Ltd	G Rama Manohar Reddy	15/05/2009	B	2695		3624093	33.99
532828	AMD Industries Ltd	Adit Gupta	19/05/2009	B	5400	0.00	2448059	12.77
532828	AMD Industries Ltd	Harswarup Gupta	19/05/2009	B	9167	0.00	2306156	12.03
523716	Ashiana Housing Ltd	Ankur Gupta	--	B	27689	0.15
523716	Ashiana Housing Ltd	Varun Gupta	--	B	28849	0.15
517001	Birla Power Solutions Ltd	Somerset Emerging Opportunities Fund	--	S	40513810
526839	CCAP Ltd	Chirantan Mukherji	18/05/2009	B	10647	0.00	636860	17.84
500280	Century Enka Ltd	Century Textiles & Industries Ltd	15/05/2009	B	16305	0.00	355477	1.77
530023	Fortune Financial Services India Ltd	Mrs. Jalpa Nimish Shah	05/05/2009 - 07/05/2009	B	665	0.00	493881	4.45
532717	Indo Tech Transformers Ltd	PROLEC-GE Internacional, S. DE R.L. DE C.V.	18/05/2009	B	5771625	54.35	7895625	74.35
532175	Infotech Enterprises Ltd	Krishna Bodanapu	15/05/2009	B	9130	0.00	903730	0.00
532924	Kolte Patil Developers Ltd	Satish Lal Tandon	12/05/2009	B	2000	0.00	5000	0.07
532783	LT Foods Ltd	Ashok Arora	04/05/2009	B	10550
532783	LT Foods Ltd	Ashok Arora	05/05/2009	B	18696		2236171	10.04
532783	LT Foods Ltd	Ashok Arora	12/05/2009	B	3598		2244195	10.08
500257	Lupin Ltd	Ashok Kumar Madan	18/05/2009	S	586	0.00	24	0.00
532307	Melstar Information Technologies Ltd	Suresh Saduram Bansal	16/04/2009	S	493713	0.00	0	0.00
511551	Networth Stock Broking Ltd	Albula Investment Fund Ltd	07/05/2009	B	725000	6.46	725000	6.46
532944	OnMobile Global Ltd	Nicolas Frattaroli	13/05/2009	S	296	0.00	211565	0.37
532944	OnMobile Global Ltd	Nicolas Frattaroli	14/05/2009	S	2971	0.00	208594	0.36
532944	OnMobile Global Ltd	Nicolas Frattaroli	15/05/2009	S	18000	0.00	190594	0.33
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	06/05/2009 - 08/05/2009	B	24424		45692537	68.36
520086	Sical Logistics Ltd	Indea Long Term Opportunities Master Fund	11/05/2009	S	1065273	2.69	961400	2.40
532298	Zenith Infotech Ltd	Raj Kumar Saraf HUF	--	B	2277	0.03	1368850	11.19

524348	Aarti Drugs Ltd	Jaya C Gogri & Other Promoters	07/05/2009	Acq	251247	2.15	6336688	54.12	*
526839	CCAP Ltd	Chirantan Mukherji	19/05/2009	Acq	10647	0.30	1321451	37.01	#
505200	Eicher Motors Ltd	Deutsche Securities Mauritius Ltd	23/04/2009	Acq	122000	0.46	1379312	5.17	#
530023	Fortune Financial Services India Ltd	Mrs. Jalpa Nimish Shah	05/05/2009 - 06/05/2009	Acq	665	0.01	493881		*
530023	Fortune Financial Services India Ltd	Mrs. Jalpa Nimish Shah	05/05/2009 - 07/05/2009	Acq	665	0.01	493881	4.45	#
532855	Haryana Capfin Ltd	Stable Trading Company Ltd	12/05/2009 - 14/05/2009	Acq	41184	0.79	262212	5.03	#
500187	HSIL Ltd	New Delhi Industrial Promotors & Investors Ltd & PACs	06/05/2009	Acq	12860	0.02	33169521	60.28	*
532717	Indo Tech Transformers Ltd	PROLEC-GE Internacional, S. DE R.L. DE C.V.	18/05/2009	Acq	5771625	54.35	7895625	74.35	#
532717	Indo Tech Transformers Ltd	PROLEC-GE Internacional, S. DE R.L. DE C.V.	18/05/2009	Acq	5771625	54.35	7895625	74.35	*
532341	Logix Microsystems Ltd	Ashish Dhawan	08/05/2009	Acq	300000	2.44	766045	6.25	*
500267	Majestic Auto Ltd	Hero Cycles Ltd	07/05/2009	Sale	20873	0.20	2931034	28.19	*
500267	Majestic Auto Ltd	Hero Cycles Ltd	19/05/2009	Sale	200	0.00	2927857	28.16	*
511658	Nettlinx Ltd	Manohar Loka Reddy	19/05/2009	Acq	4500	0.04	1380588	12.51	#
511551	Networth Stock Broking Ltd	Albula Investment Fund Ltd	07/05/2009	Acq	725000	6.46	725000	6.46	#
526325	Orient Press Ltd	Vikas Maheshwari, Rahul Maheshwari & Others	01/04/2009 - 07/05/2009	Acq	40300	0.65	4558600	74.12	*
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	06/05/2009	Acq	17368	0.03	45685481	68.35	#
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	07/05/2009	Acq	56	0.00	45685537	68.35	#
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	*
532461	Punjab National Bank	Lazard Asset Management LLC	13/05/2009	Acq	671279	0.21	16242867	5.15	#
526753	Roselabs Ltd	Singhal Overseas Ltd	06/05/2009	Sale	100000	0.88	376133	3.31	*
526071	Sellaids Publications India Ltd	Rupesh Ramchandra Pawar	17/12/2008	Acq	318800	8.69	318800	8.69	*
521228	Tatia Global Vennture Ltd	Kreon Financial Services Ltd	01/04/2009 - 30/04/2009	Acq	4808	0.05	1326477	13.63	*
521228	Tatia Global Vennture Ltd	Kreon Finnancial Services Ltd	01/04/2009 - 30/04/2009	Acq	4808	0.05	1326477	13.63	#
531544	Vertex Spinning Ltd	Phenomenal Craft Pvt Ltd	11/05/2009	Sale	22050	0.05	8477950	4.26	*

RESEARCH REPORTS

>INSIDER TRADING 19-05-09

521070	Alok Industries Ltd	Citigroup Global Mkt (Mauritius) Pvt Ltd	08/05/2009	B	30760115	5.07	31471178	5.19
532828	AMD Industries Ltd	Adit Gupta	15/05/2009	B	10138	0.00	2442659	12.74
532828	AMD Industries Ltd	Harswarup Gupta	14/05/2009	B	9946	0.00	2296989	11.98
532454	Bharti Airtel Ltd	Manoj Kumar Kohli	15/05/2009	B	80000	0.00	80000	0.00
526227	Filatex India Ltd	Nouvelle Securities Pvt Ltd	14/05/2009	B	14000	0.08	691137	4.03
526227	Filatex India Ltd	Nouvelle Securities Pvt Ltd	15/05/2009	B	16950	0.10	708087	4.13
530945	Gangotri Iron & Steel Company Ltd	Aditya Dalmiya & his dependents	12/05/2009	B	11000		27000	0.20
530945	Gangotri Iron & Steel Company Ltd	Ganga Carriers Pvt Ltd	12/05/2009	B	1600000	11.93	1600000	11.93
530945	Gangotri Iron & Steel Company Ltd	Raghunath Saraogi & his dependents	12/05/2009	B	56039		126088	0.94
530945	Gangotri Iron & Steel Company Ltd	Ramautar Jhunjhunwala & his dependents	12/05/2009	B	220000		480600	3.58
530945	Gangotri Iron & Steel Company Ltd	Sanjiv Kumar Choudhary & his dependents	12/05/2009	B	503500		1021730	7.62
530945	Gangotri Iron & Steel Company Ltd	VIP Finstock Pvt Ltd	12/05/2009	B	2000000	14.91	2000000	14.91
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	14/05/2009	B	500	0.00	672339	2.39
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	14/05/2009	B	553	0.00
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	15/05/2009	B	1815	0.01
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	15/05/2009	B	3185	0.01	677339	2.41
530643	Infotrek Syscom Ltd	B K Soni	13/05/2009	B	50000	0.00	520370	10.20
530643	Infotrek Syscom Ltd	B K Soni HUF	13/05/2009	B	40000	0.00	82300	1.61
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	04/05/2009	S	10000	0.00	144269	1.02
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	05/05/2009	B	100000	0.00	244269	1.73
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	05/05/2009	S	12000	0.00	232269	1.65
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	06/05/2009	S	9750	0.00	222519	1.58
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	07/05/2009	S	500	0.00	222019	1.57
507759	Lime Chemicals Ltd	Mrs Shahnaz A Dawoodani	29/04/2009	B	100	0.00	53542	1.60
500257	Lupin Ltd	Krishan Chandra Sharma	15/05/2009	S	500	0.00	300	0.00
500257	Lupin Ltd	Nitin Vadia	15/05/2009	S	1200	0.00	4350	0.00
500257	Lupin Ltd	Shrikant Kulkarni	15/05/2009	S	400	0.00	300	0.00
500257	Lupin Ltd	Udayan S Ambegaokar	15/05/2009	S	100	0.00	5950	0.00
500257	Lupin Ltd	Vijaykumar A Kothiwale	15/05/2009	S	500	0.00	1250	0.00
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	06/05/2009	B	1200	0.00	197652	4.22
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	07/05/2009	B	523	0.00	198175	4.23
533008	OCL Iron and Steel Ltd	R H Dalmia Trust	14/05/2009	B	19000000	14.16	19000000	14.16
533008	OCL Iron and Steel Ltd	Raghu Hari Dalmia	14/05/2009	S	19000000	14.16	62343170	46.48
530365	Orient Ceramics & Industries Ltd	Mahendra K Daga	15/05/2009	S	250000	0.00	2801054	26.60
530365	Orient Ceramics & Industries Ltd	Vijay Shankar Sharma	15/05/2009	B	250000	2.37	250000	2.37
532817	Oriental Trimex Ltd	Rajesh Kumar Punia	15/05/2009	B	10000	0.00	2383814	16.09
513532	Pradeep Metals Ltd	Navin O Marwah & PACs	20/03/2009	B	700	0.01	636118	5.00
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	13/05/2009	B	1000	0.00	2228	0.02
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	13/05/2009	B	1228	0.00		0.00
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	14/05/2009	B	500	0.00
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	14/05/2009	B	500	0.00	3228	0.02
500540	Premier Ltd	Doshi Holdings Pvt Ltd	12/05/2009 - 13/05/2009	B	17999	0.06	12105093	39.85
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	07/05/2009	B	28340	0.00	9427092	47.13
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	08/05/2009	B	30378	0.00	9457470	47.28
532301	Tata Coffee Ltd	T V Alexander	--	S
520113	Vesuvius India Ltd	Ruane, Cunniff & Goldfard Inc	23/04/2009	B	200000	1.00	1650000

530499	AK Capital Services Ltd	A K Mittal	15/05/2009	Acq	100	0.00	430034	6.52	#
530499	AK Capital Services Ltd	A K Mittal	15/05/2009	Acq	100	0.00	430034	6.52	*
521070	Alok Industries Ltd	Citigroup Global Mkt (Mauritius) Pvt Ltd	08/05/2009	Acq	30760115	5.07	31471178	5.19	#
530945	Gangotri Iron & Steel Company Ltd	Ganga Carriers Pvt Ltd	14/05/2009	Acq	1600000	11.93	1600000	11.93	#
530945	Gangotri Iron & Steel Company Ltd	VIP Finstock Pvt Ltd	14/05/2009	Acq	2000000	14.91	2000000	14.91	#
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd & PACs	14/05/2009	Acq	6053	0.02	677339	2.41	#
532734	Godawari Power & Ispat Ltd	Ram Realmart Pvt Ltd & PACs	14/05/2009 - 15/05/2009	Acq	6053	0.02	677339	2.41	*
530365	Orient Ceramics & Industries Ltd	Mahendra K Daga	15/05/2009	Sale	250000	0.00	2801054		*
530365	Orient Ceramics & Industries Ltd	Mahendra K Daga	15/05/2009	Sale	250000	2.37	2801054	26.60	#
513532	Pradeep Metals Ltd	Navin O Marwah & PACs	20/03/2009	Acq	700	0.01	636118	5.00	#
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd & PACs	13/05/2009 - 14/05/2009	Acq	3228	0.02	3228	0.02	#

RESEARCH REPORTS