>INSIDER TRADING 21-07-09

500032	Bajaj Hindusthan Ltd	DB International (Asia) Ltd	03/07/2009	B	150000	0.08	150000	0.08
500032	Bajaj Hindusthan Ltd	Deutsche Securities Mauritius Ltd	03/07/2009	B	14110000	7.65	16439424	9.30
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	106	0.00	540139	5.14
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	1500	0.01	539334	5.13
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	4012	0.04	537834	5.12
531590	Bilpower Ltd	Choudhary Global Ltd	--	B	699	0.00	540033	5.14
532296	Glenmark Pharmaceuticals Ltd	Sloane Robinson LLP	03/07/2009	B	847000		13296986	5.31
526797	Greenply Industries Ltd	Ashish Dhawan	--	B	386772	2.27	852926	5.01
504336	Ind Tra Deco Ltd	Pleasant Textile Ltd	--	S	500000
511131	Kamanwala Housing Construction Ltd	Murarilal Gupta	26/06/2009	S	25000		335020	2.38
511131	Kamanwala Housing Construction Ltd	Murarilal Gupta	29/06/2009	S	25000		310020	2.20
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	25/06/2009	S	15000		135554	0.96
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	26/06/2009	B	25000		160554	1.14
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	26/06/2009	S	8841		151713	1.08
511131	Kamanwala Housing Construction Ltd	Sorabh Gupta	29/06/2009	B	25000		176713	1.25
531731	Kuvam International Fashions Ltd	Rajinder Bansal	--	S	10000
531731	Kuvam International Fashions Ltd	Sanjeev Kumar Gupta	--	S	10000
526596	Liberty Shoes Ltd	Adesh Gupta	29/06/2009	B	40000		95000	0.56
526596	Liberty Shoes Ltd	Geofin Investments Pvt Ltd	01/07/2009	B	44000	0.26	4472017
526596	Liberty Shoes Ltd	Raman Bansal	01/07/2009	B	15000		199000	1.16
526596	Liberty Shoes Ltd	Shammi Bansal	29/06/2009	B	40000		226000	1.33
526596	Liberty Shoes Ltd	Vivek Bansal	01/07/2009	B	16000		413200	2.42
526263	Mold Tek Technologies Ltd	Sunidhi Securities & Finance Ltd	--	S	95139	2.65	19661	0.55
533080	Mold-Tek Plastics Ltd	Sunidhi Securities & Finance Ltd	--	S	51284	0.64	0	0.00
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	--	B	8343	0.01	45931802	68.72
500540	Premier Ltd	Doshi Holdings P Ltd	--	B	19106	0.06	12234786	40.28
511754	Shalibhadra Finance Ltd	Mrs Sheetal M Doshi	--	B	11	0.00	1040861	20.80
532793	Shree Ashtavinayak Cine Vision Ltd	Dahlia Traders Pvt Ltd	--	S	5000	0.05	3410627	32.55
532793	Shree Ashtavinayak Cine Vision Ltd	Dahlia Traders Pvt Ltd	--	S	7500	0.07	3398127	32.43
506460	SI Group India Ltd	SI Group, Inc	08/07/2009	B	2413158	5.70	2413158	5.70
532953	V Guard Industries Ltd	Kochouseph Chittilappilly	26/06/2009 - 30/06/2009	B	10192		7327414	24.55
532953	V Guard Industries Ltd	Kochouseph Cittilappilly	01/07/2009 - 03/07/2009	B	4683		7332097	24.57
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1	0.00	2066738	18.79
590013	Xpro India Ltd	iPro Capital Ltd	--	B	100	0.00	2065190	18.77
590013	Xpro India Ltd	iPro Capital Ltd	--	B	100	0.00	2068979	18.81
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1000	0.01	2051000	18.65
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1000	0.01	2053627	18.67
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1000	0.01	2056170	18.69
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1000	0.01	2057170	18.70
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1000	0.01	2059270	18.72
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1000	0.02	2069979	18.82
590013	Xpro India Ltd	iPro Capital Ltd	--	B	108	0.00	2062190	18.75
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1091	0.01	2052091	18.66
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1100	0.01	2058270	18.71
590013	Xpro India Ltd	iPro Capital Ltd	--	B	13	0.00	2066751	18.79
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1347	0.02	2066537	18.79
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1543	0.01	2055170	18.68
590013	Xpro India Ltd	iPro Capital Ltd	--	B	1881	0.02	2061151	18.74
590013	Xpro India Ltd	iPro Capital Ltd	--	B	200	0.00	2061351	18.74
590013	Xpro India Ltd	iPro Capital Ltd	--	B	200	0.00	2066737	18.79
590013	Xpro India Ltd	iPro Capital Ltd	--	B	21	0.00	2070000	18.82
590013	Xpro India Ltd	iPro Capital Ltd	--	B	2128	0.02	2068879	18.81
590013	Xpro India Ltd	iPro Capital Ltd	--	B	2900	0.02	2065090	18.77
590013	Xpro India Ltd	iPro Capital Ltd	--	B	536	0.00	2052627	18.66
590013	Xpro India Ltd	iPro Capital Ltd	--	B	731	0.01	2062082	18.75

532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	03/07/2009	Acq	40070	0.18	4393377	19.96	*
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	29/06/2009	Acq	8623	0.04	4353307	19.78	*
531381	Arihant Foundations & Housing Ltd	Sterling Projects & Engg Ltd & S Jayalakshmi	23/06/2009	Acq	3361	0.05	795733	11.29	#
500032	Bajaj Hindusthan Ltd	Deutsche Securities Mauritius Ltd & PAC	03/07/2009	Acq	14260000	7.73	16589424	9.38	#
531590	Bilpower Ltd	Choudhary Global Ltd	02/07/2009	Acq	6317	0.06	540139	5.14	#
532296	Glenmark Pharmaceuticals Ltd	Sloane Robinson LLP	03/07/2009	Acq	847000	0.34	13296986	5.31	#
526797	Greenply Industries Ltd	Ashish Dhawan	07/07/2009	Acq	386772	2.27	852926	5.01	#
504336	Ind Tra Deco Ltd	Pleasant Textile Ltd	15/07/2009	Sale	500000	0.32	10252500	6.52	#
504336	Ind Tra Deco Ltd	Pleasant Textile Ltd	15/07/2009	Sale	500000	0.32	10252500	6.52	*
532850	MIC Electronics Ltd	FMR LLC & PACs	14/07/2009	Acq	159445	0.16	5107482	5.08	*
526263	Mold Tek Technologies Ltd	Sunidhi Securities & Finance Ltd	02/07/2009	Sale	19661	0.55	0	0.00	*
526263	Mold Tek Technologies Ltd	Sunidhi Securities & Finance Ltd	26/06/2009 - 01/07/2009	Sale	95139	2.65	19661	0.55	#
533080	Mold-Tek Plastics Ltd	Sunidhi Securities & Finance Ltd	26/06/2009 - 29/06/2009	Sale	51284	0.64	0	0.00	#
531349	Panacea Biotec Ltd	First Lucre Partnership Co & PACs	30/06/2009	Acq	8343	0.01	45931802	68.72	#
532923	Renaissance Jewellery Ltd	Kalpana N Shah & PACs	29/06/2009	Acq	24025	0.12	744937	3.90	*
526753	Roselabs Ltd	Nirmaladevi Agrawal	30/06/2009	Sale	119579	1.05	14921	0.13	#
526753	Roselabs Ltd	Nirmaladevi Agrawal	30/06/2009	Sale	119579	1.05	14921	0.13	*
511754	Shalibhadra Finance Ltd	Sheetal M Doshi	01/07/2009	Acq	11	0.00	1040861	20.80	#
511754	Shalibhadra Finance Ltd	Sheetal M Doshi	01/07/2009	Acq	11	0.00	1040861	20.80	*
532793	Shree Ashtavinayak Cine Vision Ltd	Dahlia Traders Pvt Ltd & PACs	02/07/2009	Sale	5000	0.00	5161537	49.26	#
532793	Shree Ashtavinayak Cine Vision Ltd	Dahlia Traders Pvt Ltd & PACs	02/07/2009	Sale	5000	0.05	5161537	49.26	*
532793	Shree Ashtavinayak Cine Vision Ltd	Dahlia Traders Pvt Ltd & PACs	07/07/2009	Sale	7500	0.00	5149037	49.14	#
521034	Soma Textiles & Industries Ltd	Mavi Investment Fund Ltd	--	Acq	6606600	20.00	12256600	37.10	*
524717	Titan Biotech Ltd	Titan Securities Ltd	01/07/2009	Acq	155	0.00	1567270	28.29	#
524717	Titan Biotech Ltd	Titan Securities Ltd	01/07/2009	Acq	155	0.00	1567270	28.29	*
524717	Titan Biotech Ltd	Titan Securities Ltd	02/07/2009	Acq	290	0.01	1567560		*
524717	Titan Biotech Ltd	Titan Securities Ltd	02/07/2009	Acq	290	0.01	1567560	28.30	#
524717	Titan Biotech Ltd	Titan Securities Ltd	03/07/2009	Acq	2860	0.05	1570420	28.35	#
524717	Titan Biotech Ltd	Titan Securities Ltd	03/07/2009	Acq	2860	0.05	1570420	28.35	*
507878	Unitech Ltd	HSBC Global Invesment Funds (Mauritius) Ltd & PACs	30/06/2009	Acq	40724444		123617844	6.05	*
531544	Vertex Spinning Ltd	Mrs. Anju Mandar Viyala	01/07/2009	Sale	20000	0.01	1980000	0.99	*
509038	Voltaire Leasing & Finance Ltd	Brindawandas Mundhra	30/06/2009	Sale	16350	4.08	15000	3.75	#
509038	Voltaire Leasing & Finance Ltd	Brindawandas Mundhra HUF	30/06/2009	Sale	40000	10.00	0	0.00	#
590013	Xpro India Ltd	iPro Capital Ltd	20/04/2009 - 19/05/2009	Acq	20000	0.18	2070000	18.82	#

RESEARCH REPORTS

>INSIDER TRADING 20-07-09

511636	DJS Stock & Shares Ltd	Sohesh Shah Dev	15/07/2009	S	41100		654600	13.01
500246	Envair Electrodyne Ltd	Shripad Mirashi	30/06/2009 - 01/07/2009	B	750	0.03	1565834	51.51
530885	Jaisal Securities Ltd	Srikanth Ramanathan	10/07/2009	B	229100		259100	2.99
530885	Jaisal Securities Ltd	Srikanth Ramanathan	14/07/2009	B	16700		275800	3.18
500271	Max India Ltd	Madison Holdings Ltd	--	S	6250000	2.69	3876750	1.67
500271	Max India Ltd	Melany Holdings Ltd	--	S	6250000	2.69	3876750	1.67
531453	Mohit Industries Ltd	Narayan Saboo	29/06/2009	B	4450		478686	4.11
531453	Mohit Industries Ltd	Narayan Saboo	30/06/2009	B	527		479213	4.11
524816	Natco Pharma Ltd	Time Cap Pharma Labs Ltd	--	B	11288	0.04	3342179	11.87
513023	Nava Bharat Ventures Ltd	M Ratna Kishore	03/07/2009 - 14/07/2009	S	1220		700
532827	Page Industries Ltd	Nari Genomal	02/07/2009	S	593		2396165	21.48
532827	Page Industries Ltd	Nari Genomal	03/07/2009	S	1264		2394901	21.47
532827	Page Industries Ltd	Nari Genomal	06/07/2009	S	777		2394124	21.46
532827	Page Industries Ltd	Nari Genomal	07/07/2009	S	7366		2386758	21.39
532827	Page Industries Ltd	Nari Genomal	08/07/2009	S	1500		2366403	21.21
532827	Page Industries Ltd	Nari Genomal	09/07/2009	S	18500		2368258	21.23
532827	Page Industries Ltd	Nari Genomal	10/07/2009	S	355		2367903	21.22
532827	Page Industries Ltd	Ramesh Genomal	03/07/2009	S	1662		2395096	21.47
532827	Page Industries Ltd	Ramesh Genomal	06/07/2009	S	320		2394776	21.47
532827	Page Industries Ltd	Ramesh Genomal	07/07/2009	S	9066		2385710	21.38
532827	Page Industries Ltd	Ramesh Genomal	08/07/2009	S	1664		2366222	21.21
532827	Page Industries Ltd	Ramesh Genomal	09/07/2009	S	17327		2368383	21.23
532827	Page Industries Ltd	Ramesh Genomal	10/07/2009	S	497		2367886	21.22
532827	Page Industries Ltd	Sunder Genomal	02/07/2009	S	422		2396216	21.48
532827	Page Industries Ltd	Sunder Genomal	02/07/2009	S	460		2395756	21.47
532827	Page Industries Ltd	Sunder Genomal	03/07/2009	S	824		2394932	21.47
532827	Page Industries Ltd	Sunder Genomal	06/07/2009	S	990		2393942	21.46
532827	Page Industries Ltd	Sunder Genomal	07/07/2009	S	7304		2386638	21.39
532827	Page Industries Ltd	Sunder Genomal	08/07/2009	S	1607		2365848	21.21
532827	Page Industries Ltd	Sunder Genomal	09/07/2009	S	18395		2368243	21.23
532827	Page Industries Ltd	Sunder Genomal	10/07/2009	S	788		2367455	21.22
503031	Peninsula Land Ltd	Rajesh Jaggi	25/06/2009	S	991		45000
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	--	B	1343		13163	0.09
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	13/07/2009 - 14/07/2009	B	2087		15250	0.10
500550	Siemens Ltd	Life Insurance Corporation of India	--	B	6752073	2.00	44986583	13.34
511654	Sugal & Damani Share Brokers Ltd	S P P Finance Pvt Ltd	--	S	130000	2.08	0	0.00
531499	Sybly Industries Ltd	Mahesh Chand Mittal	--	B	2375500	0.58	7222500	1.77
505196	TIL Ltd	Franklin India Prima Fund	--	S	13833	0.14	501961	5.00
590091	Trinethra Infra Ventures Ltd	M Narasimha Rao (Pledgee)	24/06/2009	S	250000	0.77
509966	VST Industries Ltd	Life Insurance Corporation of India	--	S	320683	2.07	652020	4.22

531381	Arihant Foundations & Housing Ltd	Sterling Projects & Engg Ltd & S Jayalakshmi	13/07/2009	Acq	300	0.00	839695	11.91	#
531590	Bilpower Ltd	Choudhary Global Ltd	02/07/2009	Acq	6317	0.06	540139	5.14	*
511196	Can Fin Homes Ltd	Canara Bank	14/07/2009	Acq	6	0.00	8634243	42.15	*
500246	Envair Electrodyne Ltd	Shripad Mirashi	30/06/2009 - 01/07/2009	Acq	750	0.03	1565834	51.51	#
509024	Golden Legand Leasing & finance Ltd	Neha Sethwala	30/06/2009	Acq	65500	13.10	65500	13.10	#
509024	Golden Legand Leasing & finance Ltd	Vashi Constructions Pvt Ltd	30/06/2009	Sale	65500	13.10	0	0.00	#
530885	Jaisal Securities Ltd	Srikanth Ramanathan	10/07/2009	Acq	229100	2.64	259100	2.99	*
530885	Jaisal Securities Ltd	Srikanth Ramanthan	10/07/2009	Acq	229100	2.64	259100	2.99	#
530885	Jaisal Securities Ltd	Srikanth Ramanathan	14/07/2009	Acq	16700	0.19	275800	3.18	#
526209	KS Oils Ltd	NSR Direct PE Mauritius LLC	01/07/2009	Acq	27921406	7.27	27921406	7.27	*
530745	LN Polyesters Ltd	Suddala Sridhar	22/07/2009	Acq	1250000	8.50	1400000	9.52	@
500271	Max India Ltd	Madison Holding Ltd	--	Sale	6250000	2.69	3876750	1.67	*
500271	Max India Ltd	Madison Holdings Ltd	17/07/2009	Sale	6250000	2.69	3876750	1.67	#
500271	Max India Ltd	Melany Holdings Ltd	17/07/2009	Sale	6250000	2.69	3876750	1.67	#
500271	Max India Ltd	Melany Holdings Ltd	17/07/2009	Sale	6250000	2.69	3876750	1.67	*
524816	Natco Pharma Ltd	Time Cap Pharma Labs Ltd	13/07/2009 - 14/07/2009	Acq	11288	0.04	3342179	11.87	#
524816	Natco Pharma Ltd	Time Cap Pharma Labs Ltd	13/07/2009 - 14/07/2009	Acq	11288	0.04	3342179	11.87	*
502420	Orient Paper & Industries Ltd	Central India Industries Ltd	30/06/2009	Acq	132000	0.07	39643627	20.55	#
511525	Pan India Corporation Ltd	Duggal Contractors & Traders Pvt Ltd	30/06/2009	Acq	9990325	4.66	31201900	14.56	*
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	10/07/2009	Acq	1343	0.01	13163	0.09	#
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	10/07/2009	Acq	1343	0.01	13163	0.09	*
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	13/07/2009 - 14/07/2009	Acq	2087	0.01	15250	0.10	#
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	13/07/2009 - 14/07/2009	Acq	2087	0.01	15250	0.10	*
531901	Saarc Net Ltd	Govind Sharda	13/07/2009	Sale	130000	0.00	23895145		#
531901	Saarc Net Ltd	Govind Sharda	14/07/2009	Sale	500000	0.00	23395145		#
511736	Ushdev International Ltd	Ankit Miglani	05/03/2009	Acq	1875000	6.79	1875000	6.79	#

RESEARCH REPORTS