>INSIDER TRADING 02-06-09

500410	ACC Ltd	Mr M L Narula	29/05/2009	S	5000		22000
531897	Accentia Technologies Ltd	Dr Vivek Hebbar	18/05/2009 - 22/05/2009	S	32000	0.25	0	0.00
532727	Adhunik Metaliks Ltd	Clearwater Capital Partners (Cyprus) Ltd	28/05/2009	B	8154000	7.73	8154000	7.73
530499	AK Capital Services Ltd	A K Mittal	28/05/2009	B	20000		500018	7.58
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	28/05/2009	B	14860	0.23	737370	11.17
500425	Ambuja Cements Ltd	Girish Gangal	19/05/2009 - 20/05/2009	S	10800		17000
500425	Ambuja Cements Ltd	P B Kulkarni	27/05/2009	S	10000		733833	0.05
532828	AMD Industries Ltd	Adit Gupta	28/05/2009 - 29/05/2009	B	8868		2469568	12.83
532828	AMD Industries Ltd	Harswarup Gupta	28/05/2009 - 29/05/2009	B	9079		2334561	12.18
532981	Anus Laboratories Ltd	Nagesh Sayaji Rao	28/05/2009	S	1007510			3.96
532801	Cambridge Technology Enterprises Ltd	Bhaskar C Panigrahi	28/05/2009	S	116440		1331512	8.41
532801	Cambridge Technology Enterprises Ltd	Bhaskar C Panigrahi	28/05/2009	S	273529		1057983	6.69
532801	Cambridge Technology Enterprises Ltd	Cellexchange Inc	--	B	116440		1317187	8.32
532801	Cambridge Technology Enterprises Ltd	Mr DRR Swaroop	29/05/2009	B	75000		165000	1.04
500085	Chambal Fertilisers & Chemicals Ltd	H S Bawa	24/12/2008 - 26/05/2009	B	14500		89500	0.02
532322	Elder Pharmaceuticals Ltd	Semit Pharmaceuticlas & Chemicals Pvt Ltd	04/05/2009 - 20/05/2009	B	12875		1872232	9.92
504000	Elpro International Ltd	Faridabad Investment Co Ltd	--	B	15000	0.34	1711642	39.65
504008	Emco Ltd	JM Financial Mutual Fund	28/05/2009	S	200000	0.34	4192314
504028	GEE Ltd	Vidya Finvest Pvt Ltd	29/05/2009	B	18999		4161668	22.02
532715	Gitanjali Gems Ltd	JM Financial Mutual Fund	28/05/2009	S	250000	0.29	2573617	3.03
504176	High Energy Batteries India Ltd	Prakash Chandra Modi	27/05/2009 - 28/05/2009	S	24000	2.68	0	0.00
522059	Indage Vintners Ltd	Reliance Capital Ltd	28/05/2009	B	916000	6.00	916000	6.00
532642	Jindal South West Holdings Ltd	Quantum (M) Ltd	29/05/2009	S	253646	2.29	401113	3.61
532286	Jindal Steel & Power Ltd	Pritam Singh Rana	29/05/2009	S	1959		1960
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	29/05/2009	B	300	0.00	12199457	6.28
500247	Kotak Mahindra Bank Ltd	Mr Jaimin Mukund Bhatt	27/05/2009	S	5000		197350
500247	Kotak Mahindra Bank Ltd	Mr Ravi Duvvuru	21/05/2009	S	500		21050
500247	Kotak Mahindra Bank Ltd	Mr Ravi Duvvuru	25/05/2009	S	700		19550
500247	Kotak Mahindra Bank Ltd	Mr Ravi Duvvuru	25/05/2009	S	800		20250
500247	Kotak Mahindra Bank Ltd	Ms Anuradha Mahindra	25/05/2009	S	10000		8159390
500247	Kotak Mahindra Bank Ltd	Ms Anuradha Mahindra	25/05/2009	S	50000		8169390
500247	Kotak Mahindra Bank Ltd	Ms Shanti Ekambaram	27/05/2009	S	2500		203300
500257	Lupin Ltd	Andrew Macaulay	26/05/2009	S	3240	0.00	0	0.00
500257	Lupin Ltd	Dhansukh M Gandhi	27/05/2009	B	1820	0.00	1820	0.00
532466	Oracle Financial Services Software Ltd	Padma Mahadevan	27/05/2009 - 28/05/2009	S	1000	0.00	6000	0.00
503031	Peninsula Land Ltd	Rajesh Jaggi	26/05/2009	S	15000		110000
532527	Ramkrishna Forgings Ltd	Mr Laxminarayan Jhavar	--	S
532527	Ramkrishna Forgings Ltd	Mr Surendra Mohan Lakhotia	--	S
500359	Ranbaxy Laboratories Ltd	Rajesh V Shah	27/05/2009	B	5000		5000
532766	Richa Industries Ltd	Jewel Garments Pvt Ltd	14/05/2009	B	3252		400189	2.36
532766	Richa Industries Ltd	Jewel Garments Pvt Ltd	27/05/2009	B	9800		409989	2.42
532766	Richa Industries Ltd	Jewel Garments Pvt Ltd	28/05/2009	B	10000		419989	2.48
532731	Rohit Ferro Tech Ltd	JM Financial Ventures Ltd	08/04/2009 - 24/05/2009	S	1875000	4.74	500000	1.26
530073	Sanghvi Movers Ltd	Ramchandra Shankar Desai	28/05/2009	S	1000	0.00	5005	0.01
523449	Sharp India Ltd	Noboru Fujimoto	--	S
523449	Sharp India Ltd	Tadasu Sakamoto	--	S
532343	TVS Motor Company Ltd	TVS Motor Employees Welfare Trust	26/05/2009	B	1550000	0.65	5250000	2.21
500465	Varun Shipping Company Ltd	Realpoint Mauritius Ltd	28/05/2009	B	3350000	2.23	33350000	22.23
500465	Varun Shipping Company Ltd	Varun Corporation Ltd	20/02/2009 - 09/03/2009	B	310000	0.21	15227366	10.15
500465	Varun Shipping Company Ltd	Varun Corporation Ltd	28/05/2009	S	3350000	2.23	11877366	7.92
524200	Vinati Organics Ltd	Suchir Chemicals Pvt Ltd	27/05/2009	B	500	0.01	942274	9.55

532727	Adhunik Metaliks Ltd	Clearwater Cap Partners (Cyprus) Ltd	28/05/2009	Acq	8154000	7.73	8154000	7.73	#
532727	Adhunik Metaliks Ltd	Clearwater Cap Partners (Cyprus) Ltd	28/05/2009	Acq	8154000	7.73	8154000	7.73	*
530499	AK Capital Services Ltd	A K Mittal	28/05/2009	Acq	20000	0.30	500018	7.58	#
530499	AK Capital Services Ltd	A K Mittal	28/05/2009	Acq	20000	0.30	500018	7.58	*
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	28/05/2009	Acq	14860	0.23	737370	11.17	#
530499	AK Capital Services Ltd	Second Leasing Pvt Ltd	28/05/2009	Acq	14860	0.23	737370	11.17	*
500820	Asian Paints Ltd	Life Insurance Corporation of India	29/05/2009	Sale	100000	0.00	7178908	7.48	#
532801	Cambridge Technology Enterprises Ltd	Cellexchange Inc	28/05/2009	Acq	116440	0.74	1317187	8.32	#
532801	Cambridge Technology Enterprises Ltd	Cellexchange Inc	28/05/2009	Acq	116440	0.74	1317187	8.33	*
532801	Cambridge Technology Enterprises Ltd	Internet Business Capital Corporation	28/05/2009	Acq	273529	1.73	6197624	39.17	#
504000	Elpro International Ltd	Faridabad Investment Co Ltd	26/05/2009 - 29/05/2009	Acq	29000	0.67	1725642	39.97	#
504000	Elpro International Ltd	Faridabad Investment Co Ltd	29/05/2009	Acq	14000	0.32	1725642	39.97	*
504008	Emco Ltd	J M Financial Mutual Fund	29/05/2009	Sale	200000	0.34	4192314	7.13	#
504028	GEE Ltd	Vidya Finvest Ltd	29/05/2009	Acq	18999	0.10	4161668	22.02	#
504176	High Energy Batteries India Ltd	Prakash Chandra Modi	27/05/2009 - 28/05/2009	Sale	24000	2.68	0	0.00	#
522059	Indage Vintners Ltd	Reliance Capital Ltd	28/05/2009	Acq	916000	6.00	916000	6.00	#
530979	India Home Loans Ltd	Ajay Joshi	18/05/2009	Sale	244610	4.89	0	0.00	#
530979	India Home Loans Ltd	Ashok Patel	18/05/2009	Acq	151610		732810		#
530979	India Home Loans Ltd	Mahesh Pujara	18/05/2009	Acq	93000	1.86	541650	10.84	#
500204	India Securities Ltd	Essar Investments Ltd	29/05/2009	Acq	4000000	20.04	4000000	20.04	*
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	29/05/2009	Acq	300	0.00	12199457	6.28	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	01/06/2009	Sale	11652	0.11	2897101	27.86	*
502448	Rollatainers Ltd	W L D Investments Pvt Ltd	01/06/2009	Sale	500000	4.99	8912328	89.08	*
521206	Samtex Fashions Ltd	Rajasthan Global Sec Ltd	20/05/2009	Acq	49893	0.50	1034982	10.45	#
532879	Sir Shadi Lal Enterprises Ltd	Rajat Lal	29/05/2009	Acq	3000	0.06	884930	16.86	#
532879	Sir Shadi Lal Enterprises Ltd	Vivek Viswanathan	29/05/2009	Acq	443	0.01	1111503	21.17	#
532343	TVS Motor Company Ltd	TVS Motor Employees Welfare Trust & PACs	25/05/2009 - 26/05/2009	Acq	1550000	0.65	5250000	2.21	#
532917	Varun Industries Ltd	Kailash S Agarwal	02/04/2009 - 28/05/2009	Acq	245000	1.11	5841880	26.42	#
532917	Varun Industries Ltd	Kailash S Agarwal	02/04/2009 - 28/05/2009	Acq	245000	1.11	5841880	26.42	*
532917	Varun Industries Ltd	Kiran N Mehta	02/04/2009 - 28/05/2009	Acq	245000	1.11	8486920	38.38	#
532917	Varun Industries Ltd	Kiran N Mehta	02/04/2009 - 28/05/2009	Acq	245000	1.11	8486920	38.38	*
500465	Varun Shipping Company Ltd	Realpoint Mauritius Ltd	28/05/2009	Acq	3350000	2.23	33350000	22.23	#
500465	Varun Shipping Company Ltd	Varun Corporation Ltd	28/05/2009	Sale	3350000	2.23	11877366	7.92	#

RESEARCH REPORTS

>INSIDER TRADING 01-06-2009

530499	AK Capital Services Ltd	FirstRand (Ireland) Plc	19/05/2009 - 26/05/2009	S	150000	2.27	665566	10.08
500425	Ambuja Cements Ltd	B L Taparia	19/05/2009	S	10000		347250	0.02
500425	Ambuja Cements Ltd	B L Taparia	19/05/2009	S	10000		357250	0.02
500425	Ambuja Cements Ltd	B L Taparia	20/05/2009	S	1000		346250	0.02
524804	Aurobindo Pharma Ltd	Prasad Reddy Kambam	--	B	25784	0.05	114508	0.21
532995	Avon Corporation Ltd	Pankaj Saraiya	25/05/2009	B	37360		6774883	40.86
511664	BGIL Films & Technologies Ltd	Rakesh Bhhatia	20/05/2009	S	150000		489966	7.65
511196	Can Fin Homes Ltd	Canara Bank	--	B	20601	0.10	8601412	41.99
506355	Chemplast Sanmar Ltd	M N Radharishnan	28/04/2009	B	240		600	0.00
506355	Chemplast Sanmar Ltd	V K Parthasarathy	28/04/2009	B	10000		30900	0.00
506355	Chemplast Sanmar Ltd	V Ramesh	28/04/2009	B	1153		2883	0.00
502820	DCM Ltd	Reliance Tax Saver ELSS Fund	21/05/2009	S	579052	3.33	319784	1.84
531486	Filmcity Media Ltd	Renu Gupta	18/05/2009	B	1002500		2206223	0.79
531486	Filmcity Media Ltd	Ruchika Gupta	18/05/2009	B	2500		2500	0.00
531486	Filmcity Media Ltd	Surendra Gupta	18/05/2009	B	33303675		34577277	12.44
531486	Filmcity Media Ltd	Vimladevi Gupta	18/05/2009	B	2500		2500	0.00
531486	Filmcity Media Ltd	Wellness Communications Pvt Ltd	18/05/2009	B	165431325	59.52	165431325	59.52
522017	Fluidomat Ltd	Kunal Jain	14/05/2009	B	2666		566608	11.45
522017	Fluidomat Ltd	Kunal Jain	15/05/2009	B	850		567458	11.46
522017	Fluidomat Ltd	Kunal Jain	16/05/2009	B	1930		569388	11.50
522017	Fluidomat Ltd	Kunal Jain	20/05/2009	B	3575		572963	11.58
522017	Fluidomat Ltd	Kunal Jain	23/05/2009	B	200000		772963	15.62
509563	Garware Marine Industries Ltd	Mr Ashok B Garware	09/04/2009 - 25/05/2009	B	38003		605256	11.03
500179	HCL Infosystems Ltd	Devinder Singh Puri & relatives	19/05/2009	S	37000		74731	0.04
504176	High Energy Batteries India Ltd	Prakash Chandra Modi	25/05/2009 - 26/05/2009	S	49500	5.52	24000	2.68
523405	JM Financial Ltd	Aruna Kampani	27/05/2009	S	9000000		38451250	5.13
532283	Kaashyap Technologies Ltd	A Venkatramani	26/05/2009	S	62116		2445399	0.55
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	14/05/2009	S	8761		161854	1.15
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	15/05/2009	S	18000		143854	1.02
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	16/05/2009	B	15000		158854	1.13
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	18/05/2009	S	2000		156854	1.11
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	19/05/2009	S	6000		150854	1.07
526209	KS Oils Ltd	Citigroup Venture Cap International Growth Partnership & PACs	22/05/2009	S	1066000		36853702	10.34
500267	Majestic Auto Ltd	Hero Cycles Ltd	--	S	1194	0.01	2908753	27.98
531176	Mefcom Capital Markets Ltd	Vijay Mehta	19/05/2009	B	12365	0.15	5073648	62.33
511551	Networth Stock Broking Ltd	Albula Investment Fund Ltd	08/05/2009 - 26/05/2009	B	239327	2.13	964327	8.59
500307	Nirlon Ltd	Mallika V Advani	26/05/2009	B	108118		276659	0.48
500307	Nirlon Ltd	Mallika V Advani	27/05/2009	B	5738		282397	0.49
532944	OnMobile Global Ltd	Arvind Rao	28/05/2009	S	3144		5312335	9.17
532944	OnMobile Global Ltd	Arvind Rao	29/05/2009	S	30000		5282335	9.12
532944	OnMobile Global Ltd	Arvind Rao	29/05/2009	S	35000		5247335	9.06
532944	OnMobile Global Ltd	Arvind Rao	29/05/2009	S	6818		5240517	9.05
532944	OnMobile Global Ltd	Nicolas Frattaroli	26/05/2009	S	377		190217	0.33
532944	OnMobile Global Ltd	Nicolas Frattaroli	27/05/2009	S	15000		175217	0.30
532944	OnMobile Global Ltd	Nicolas Frattaroli	28/05/2009	S	5072		170145	0.29
532466	Oracle Financial Services Software Ltd	Martin Rebeiro	28/05/2009	S	500		10000
532699	Royal Orchid Hotels Ltd	Sequoia Cap India Inv Holdings II	28/05/2009	S	982025		0	0.00
511754	Shalibhadra Finance Ltd	Sheetal M Doshi	25/05/2009	B	21	0.00	1040115	20.79
500413	Thomas Cook India Ltd	K Ramachandran	--	S
500413	Thomas Cook India Ltd	M K Sharma	--	S
500413	Thomas Cook India Ltd	Ramesh A Savoor	--	S
511736	Ushdev International Ltd	Suresh Lakhiani	21/05/2009	S	5000		51403	0.18
532917	Varun Industries Ltd	Kailash S Agarwal	28/05/2009	B	25000		5841880	26.42
532917	Varun Industries Ltd	Kiran N Mehta	28/05/2009	B	25000		8486920	38.38
524200	Vinati Organics Ltd	Suchir Chemicals Pvt Ltd	28/05/2009	B	8373	0.08	950647	9.63

530499	AK Capital Services Ltd	FirstRand (Ireland) Public Ltd	19/05/2009 - 26/05/2009	Sale	150000	2.27	665566	10.08	#
524804	Aurobindo Pharma Ltd	Prasad Reddy Kambam	26/05/2009 - 27/05/2009	Acq	25784	0.05	114508	0.21	#
524804	Aurobindo Pharma Ltd	Prasad Reddy Kambam	26/05/2009 - 27/05/2009	Acq	25784	0.05	114508	0.21	*
532995	Avon Corporation Ltd	Pankaj P Saraiya	25/05/2009	Acq	37360	0.22	6774883	40.86	#
511196	Can Fin Homes Ltd	Canara Bank	28/05/2009	Acq	20601	0.10	8601412	41.99	#
504000	Elpro International Ltd	Faridabad Investment Co Ltd	26/05/2009	Acq	15000	0.35	1711642	39.65	*
531486	Filmcity Media Ltd	Surendra Gupta & PACs	16/05/2009	Acq	199742500	71.86	202219825	72.25	#
504176	High Energy Batteries India Ltd	Prakash Chandra Modi	25/05/2009 - 26/05/2009	Sale	49500	5.52	24000	2.68	#
522059	Indage Vintners Ltd	Reliance Capital Ltd	28/05/2009	Acq	916000	6.00	916000	6.00	*
516078	Jumbo Bag Ltd	Balalji Trading Enterprises (P) Ltd	--	Acq	1160000		2332200	29.25	#
516078	Jumbo Bag Ltd	Balaji Trading Enterprises (P) Ltd	27/05/2009	Sale	100000	1.47	1172200	17.20	*
516078	Jumbo Bag Ltd	Balalji Trading Enterprises (P) Ltd	27/05/2009	Sale	100000	1.47	1172200	17.20	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	25/05/2009 - 26/05/2009	Acq	190300	0.10	12199157	6.28	*
500267	Majestic Auto Ltd	Hero Cycles Ltd	28/05/2009	Sale	1194	0.01	2908753	27.98	#
522235	Minal Engineering Ltd	Shrikant J Parikh	28/05/2009	Acq	1221	0.02	3613125	56.72	*
511658	Nettlinx Ltd	Manohar Loka Reddy	29/05/2009	Acq	4500	0.03	1389188	12.11	#
533008	OCL Iron and Steel Ltd	Garima Buildprop Pvt Ltd	29/05/2009	Acq	13414316	10.00	13414316	10.00	*
533008	OCL Iron and Steel Ltd	Garima Buildprop Pvt Ltd	29/05/2009	Acq	68185546	50.83	81599862	60.83	*
533008	OCL Iron and Steel Ltd	R H Dalmia & Others	29/05/2009	Sale	13414316	10.00	68822601	51.31	*
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd & PACs	21/05/2009	Acq	1500	0.01	8783	0.06	*
532524	PTC India Ltd	HSBC Global Investment Funds (Mauritius) Ltd	21/05/2009	Sale	5276086	0.00	5323914	2.34	#
532106	Rei Agro Ltd	Aspective Vanijya Pvt Ltd	28/05/2009	Acq	25000	0.01	35927497	12.43	*
511754	Shalibhadra Finance Ltd	Sheetal M Doshi	25/05/2009	Acq	21	0.00	1040115	20.79	#
511754	Shalibhadra Finance Ltd	Sheetal M Doshi	25/05/2009	Acq	21	0.00	1040115	20.79	*
504605	Uni Abex Alloy Products Ltd	Mr Firoze A Vakil	26/05/2009	Acq	148	0.00	7614	0.38	#
511736	Ushdev International Ltd	Suresh Lakhiani	21/05/2009	Sale	5000	0.02	51403	0.18	#
500465	Varun Shipping Company Ltd	Realpoint Mauritius Ltd	28/05/2009	Acq	3350000	2.23	33350000	22.23	*
500465	Varun Shipping Company Ltd	Varun Corporation Ltd	28/05/2009	Sale	3350000	2.23	11877366	7.92	*
531544	Vertex Spinning Ltd	Vasudeva Securities Pvt Ltd	26/05/2009	Sale	200000	0.10	2993899	1.53	*
530151	Vijay Textiles Ltd	Vijay Kumar Gupta	25/05/2009	Acq	49715		29329688		#

RESEARCH REPORTS