INSIDER TRADING 23-03-09

530499 A.K.Capital Services Ltd. Anshu 18/03/2009 B 375 0.01 92275 1.59 507852 Addi Industries Ltd., Urmila Jain. 16/03/2009 B 3700 3022319 27.99 524448 Ahlcon Parenterals (India) Ltd., Sudershan Walia 04/03/2009 B 700000 9.72 709610 9.85 532799 Akruti City Ltd. Mahipatray V. Shah - HUF 17/03/2009 B 200000 0.29 9400000 14.09 500425 Ambuja Cements Ltd. P. B. Kulkarni 17/03/2009 S 5000 798833 0.05 532828 AMD Industries Ltd Harswarup Gupta 16/03/2009 B 6454 2179278 11.37 532828 AMD Industries Ltd Harswarup Gupta 17/03/2009 B 3644 2182922 11.38 532828 AMD Industries Ltd Adit Gupta 17/03/2009 B 325 2369979 12.36 532828 AMD Industries Ltd Adit Gupta 18/03/2009 B 1460 2371439 12.37 532141 Andhra Cement Ltd., Mr. Shrivardhan Goenka 09/03/2009 B 25700 55700 0.04 523007 Ansal Buildwell Ltd., Shri Gopal Ansal 10/03/2009 B 20221 141918 1.92 523007 Ansal Buildwell Ltd., Shri Gopal Ansal 10/03/2009 S 1095 -- 532493 Astra Microwave Products Ltd. L & T Capital Co Ltd 18/03/2009 B 27035 0.04 5074313 9.38 530999 Balaji Amines Ltd. A.Prathap Reddy 05/03/2009 - 16/03/2009 B 72230 0.00 742211 11.45 500039 Banco Products (India) Ltd., Mehul K. Patel 18/03/2009 B 14600 4392817 6.18 500039 Banco Products (India) Ltd., Mehul K Patel 18/03/2009 B 14600 4392817 6.18 532454 Bharti Airtel Ltd. Ajay Lal 17/03/2009 B 10000 10000 0.00 531590 Bilpower Ltd. Suresh Kumar Choudhary 27/02/2009 B 4964 0.04 331271 3.15 531590 Bilpower Ltd. Prabha Devi Choudhary 03/03/2009 B 2000 0.02 65383 0.62 531590 Bilpower Ltd. Suresh Kumar Choudhary 05/03/2009 B 2125 0.02 355077 3.38 531590 Bilpower Ltd. Suresh Kumar Choudhary 06/03/2009 B 9990 0.09 365067 3.47 532929 Brigade Enterprises Limited M. R. Jaishankar -- B 31435 22945230 20.44 511196 Can Fin Homes Ltd., Canara Bank 09/03/2009 B 1386 8252485 40.28 532548 Century Plyboards (India) Ltd. Mittu Agarwal 12/03/2009 - 13/03/2009 S 237800 0.10 3218890 1.44 511672 Clarus Finance & Securities Ltd Mr. Manakchand Jain 13/03/2009 B 125500 4.18 0 11.91 522261 Dolphin Offshore Enterprises (India) ltd. Manjit Kirpal Singh 13/03/2009 B 46 386773 4.04 522261 Dolphin Offshore Enterprises (India) ltd. Manjit Kirpal Singh 16/03/2009 B 1500 388273 4.06 522261 Dolphin Offshore Enterprises (India) ltd. Navpreet Singh 16/03/2009 B 1000 688680 7.20 522261 Dolphin Offshore Enterprises (India) ltd. Dolphin Offshore Projects Ltd. 16/03/2009 B 2769 0.02 1754086 18.34 532610 Dwarikesh Sugar Industries Ltd. Shri G. R. Morarka 18/03/2009 B 50000 2825385 18.15 532219 Energy Development Company Ltd. Pankaja Kumari Singh 17/03/2009 B 34534 341958 1.24 532219 Energy Development Company Ltd. Pankaja Kumari Singh 13/03/2009 B 13669 280199 1.01 532219 Energy Development Company Ltd. Pankaja Kumari Singh 16/03/2009 B 27225 307424 1.11 532219 Energy Development Company Ltd. Amar Singh 18/03/2009 B 1700 251701 0.91 532219 Energy Development Company Ltd. Pankaja Kumari Singh 18/03/2009 B 29552 371510 1.35 532684 Everest Kanto Cylinders Ltd. New Vernon Asset Management Ltd. 13/03/2009 B 65000 0.06 5075356 5.02 500139 Fedders Lloyd Corporation Ltd. Rajul Estates Pvt. Limited 14/03/2009 S 1500000 4.87 3000000 9.75 532768 FIEM INDUSTRIES LIMITED Rahul Jain 17/03/2009 B 10726 4001005 33.45 530023 Fortune Financial Services (India) Mrs. Jalpa Nimish Shah. 16/03/2009 B 6715 491021 4.42 505250 G.G. Dandekar Machine Works Ltd., Asara Sales & Investments Pvt. Ltd. 18/03/2009 S 2377890 49.94 1000 0.02 505250 G.G. Dandekar Machine Works Ltd., Better Value Holdings Pvt. Limited 18/03/2009 B 2377890 49.94 2377890 49.94 532345 Gati Limited Mahendra Kumar Agarwal 16/03/2009 - 17/03/2009 B 20843 2021523 2.38 526729 Goldiam International Ltd. Rashesh M Bhansali 06/03/2009 S 100000 5447437 21.32 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta. 16/03/2009 B 500 33971493 24.55 532334 HB Estate Developers Ltd. Shri H. C. Bhasin 13/03/2009 B 48784 0.41 5757903 47.81 532334 HB Estate Developers Ltd. Shri H. C. Bhasin 16/03/2009 B 45340 0.38 5803243 48.19 532333 HB Portfolio Ltd. Shri H C Bhasin 16/03/2009 B 29987 0.25 6011318 50.13 532333 HB Portfolio Ltd. Shri H C Bhasin 12/03/2009 B 49492 0.41 5946342 49.58 532333 HB Portfolio Ltd. Shri H C Bhasin 13/03/2009 B 34989 0.29 5981331 49.88 514043 Himatsingka Seide Ltd., Aditya Himatsingka 17/03/2009 B 260000 2978200 3.02 514043 Himatsingka Seide Ltd., Ajoy Kumar Himatsingka 17/03/2009 B 130000 4140240 4.20 514043 Himatsingka Seide Ltd., Rajshree Himatsingka 17/03/2009 B 532952 4061212 4.12 514043 Himatsingka Seide Ltd., Bihar Mercantile Union Ltd. 17/03/2009 B 930000 0.94 6666000 6.77 500187 Hindustan Sanitaryware & Industries New Delhi Industrial Promoters & Inv Ltd 13/03/2009 B 4774 3343461 6.08 532658 INDO ASIAN FUSEGEAR LTD. Ashish Dhawan 06/03/2009 B 242227 1.58 1092227 7.13 532514 Indraprashtha Gas Ltd. HDFC Capital Builder Fund 08/10/2007 B 466872 0.33 -- 532514 Indraprashtha Gas Ltd. HDFC Capital Builder Fund 07/03/2008 - 04/03/2009 S 1320775 0.94 400000 0.28 532514 Indraprashtha Gas Ltd. HDFC Long Term Advantage Fund 19/10/2007 B 200000 0.14 -- 532514 Indraprashtha Gas Ltd. HDFC Long Term Advantage Fund 03/01/2008 - 04/03/2009 S 1237844 0.88 443775 0.31 532514 Indraprashtha Gas Ltd. HDFC Term Equity Fund 21/09/2007 - 05/10/2007 S 660000 0.47 -- 532514 Indraprashtha Gas Ltd. HDFC Term Equity Fund 08/10/2007 S 466872 0.33 -- 532514 Indraprashtha Gas Ltd. HDFC Infrastructure Fund 24/10/2008 - 24/12/2008 B 1106000 0.79 1106000 0.79 532514 Indraprashtha Gas Ltd. HDFC Mid -Cap Opportunities Fund 10/09/2007 B 256327 0.18 -- 532514 Indraprashtha Gas Ltd. HDFC Mid- Cap Opportunities Fund 17/12/2007 - 04/03/2009 S 2594500 1.85 805500 0.57 532479 ISMT Limited Mr. A. K. Jain 12/03/2009 - 16/03/2009 B 30176 2153719 1.47 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 12/03/2009 B 378 0.00 2357503 5.01 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd 16/03/2009 B 24094 0.05 2381597 5.06 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani 16/03/2009 B 500 0.01 283370 8.09 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani 13/03/2009 S 50 0.00 283320 8.09 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani 17/03/2009 B 263 283583 8.10 532283 Kaashyap Technologies Limited A. Venkatramani 14/03/2009 S 378516 2507515 0.56 532283 Kaashyap Technologies Limited Usha Venkatramani 12/03/2009 S 596835 3407143 0.77 500165 Kansai Nerolac Paints Kansai Paint Co. Ltd. 17/03/2009 B 562590 2.09 18457990 68.50 511593 Libord Infotech Ltd. Libord Exports Pvt. Ltd. -- B 30872 0.38 1027994 12.85 531027 Libords securities Ltd. Libord Exports Pvt. Ltd. -- B 7532 0.15 511107 10.22 500253 Lic Housing Finance Ltd. HDFC Equity Fund 15/01/2009 B 50000 0.05 2060000 2.42 516007 Mangalam Timber Products Ltd., Padmavati Investment Ltd. 12/03/2009 - 13/03/2009 B 33146 0.18 939886 5.13 500271 Max India Ltd., Liquid Investment & Trading Co. 16/03/2009 B 11604 21932802 9.88 509760 Modern Shares and Stockbrokers Ltd. Bhagwanti Exports Pvt. Ltd. 13/03/2009 - 16/03/2009 B 10100 0.37 1044943 35.65 530377 Nila Infrastructures Ltd Nila M. Vadodaria 06/03/2009 - 13/03/2009 B 26140 3809295 3.09 531092 OM Metals Infraprojects Ltd T. C. Kothari & Sons Family Trust -- B 15356 0.01 11000680 11.42 531092 OM Metals Infraprojects Ltd T. C. Kothari & Sons Family Trust -- B 200000 0.21 11200680 11.63 532944 OnMobile Global Ltd. Sidharth Sharma 05/03/2009 - 09/03/2009 S 25847 11000 0.01 532466 Oracle Financial Services Software Limited Manmath Kulkarni 17/03/2009 S 1541 67644 531349 Panacea Biotec Ltd. First Lucre Partnership Co. 06/03/2009 B 20000 0.03 44128342 66.02 531120 Patel Engineering Ltd Patel Corporation Pvt. Ltd. 16/03/2009 - 17/03/2009 B 16108 0.02 14215108 23.82 532517 Patni Computer Systems Limited HSBC Global Invt Fund (M) Ltd. & PAC 13/03/2009 S 3688192 2.87 3519253 500337 Prime Securities Ltd. Mrs. Madhu Jayakumar 16/03/2009 S 1798400 -- 500337 Prime Securities Ltd. Judith Investments Pvt Ltd 16/03/2009 B 1798996 2608497 9.90 516092 Pudumjee Industries Limited Thacker & Co. Ltd. -- B 447000 2368935 13.61 516092 Pudumjee Industries Limited Apposite Trading Pvt. Ltd. -- B 100000 380000 2.11 516092 Pudumjee Industries Limited Chem Mach Pvt. Ltd. -- B 16400 61450 0.34 516092 Pudumjee Industries Limited Shyam Jatia - HUF -- B 28600 836875 4.64 516092 Pudumjee Industries Limited Vasudha Jatia -- B 1000 1000 0.00 516092 Pudumjee Industries Limited Vrinda Jatia -- B 1000 1000 516092 Pudumjee Industries Limited Cheerful Commercial Pvt. Ltd. -- B 10000 10000 0.05 532923 Renaissance Jewellery Limited Kalpana N Shah 06/03/2009 B 3194 506267 2.65 532923 Renaissance Jewellery Limited Kalpana N Shah 09/03/2009 B 20753 527020 2.76 532766 Richa Industries Limited Jewel Garments Pvt. Ltd. 09/03/2009 - 13/03/2009 B 53732 156782 0.92 500366 Rolta India Ltd., M/s. Rolta Shares & Stocks Pvt. Ltd. 18/03/2009 B 100000 5312512 3.29 500366 Rolta India Ltd., M/s Rolta Shares & Stocks Pvt Ltd. 19/03/2009 B 200000 5512512 3.42 532869 ROMAN TARMAT LIMITED Mr. Dilip Varghese 13/03/2009 B 48872 1009789 9.21 526496 Rubber Products Ltd. Soumyalatha Sadanand Shetty 14/03/2009 S 369191 9.03 1242170 30.38 526496 Rubber Products Ltd. Smita Hariprasad Shetty 14/03/2009 S 68500 1.68 -- 526496 Rubber Products Ltd. Sucharita Ramcrishna Hegde 14/03/2009 S 67500 108085 2.64 526496 Rubber Products Ltd. Sameer Sadanand Shetty 14/03/2009 S 67000 1.64 -- 526496 Rubber Products Ltd. Petrochemical Engg. Enterprise Developm 14/03/2009 S 9000 0.22 -- 526496 Rubber Products Ltd. Bombay Engineering Industries 14/03/2009 S 8000 0.20 -- 526496 Rubber Products Ltd. IDBI Trusteeship Services Ltd(Trustee) 16/03/2009 B 589191 14.41 589191 14.41 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 12/03/2009 B 152 1036868 20.72 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 13/03/2009 B 50 1036918 20.72 511754 Shalibhadra Finance Ltd. Mrs. Sheetal M. Doshi 16/03/2009 B 253 1037171 20.73 532793 Shree Ashtavinayak Cine Vision Ltd Dhilin H Mehta 17/03/2009 B 5000 0.05 1725800 16.47 505650 Skyline Millars Ltd Mrs. Urmi A Patel 17/03/2009 B 2510 172520 0.43 505650 Skyline Millars Ltd Mrs. Urmi A Patel 16/03/2009 B 10 170010 0.42 513262 Steel Strips & Wheels Ltd Shri Dheeraj Garg 12/03/2009 - 13/03/2009 B 2393 716335 5.48 513262 Steel Strips & Wheels Ltd Shri Dheeraj Garg 16/03/2009 - 17/03/2009 B 2775 719110 5.50 513262 Steel Strips & Wheels Ltd Shri Dheeraj Garg 05/03/2009 - 06/03/2009 B 2393 712385 5.45 532667 SUZLON ENERGY LTD. Samir B Shah 13/03/2009 B 2500 2500 532890 Take Solutions Ltd Aakanksha Management Consultancy & H (P) 13/03/2009 B 3999 435848 0.36 500148 Uflex Limited Anshika Consultants Pvt. Ltd. 18/03/2009 - 19/03/2009 B 1739 27866185 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 16/03/2009 - 17/03/2009 B 3685 6764916 22.66 500465 Varun Shipping Co. Ltd., Varun Corporation Ltd. 04/02/2009 - 13/02/2009 S 10500296 7.00 14917366 9.94 500465 Varun Shipping Co. Ltd., Realpoint ( Mauritius) Ltd 10/02/2009 B 19500000 13.00 19500000 13.00 500465 Varun Shipping Co. Ltd., Sunbeam Talc Pvt Ltd 03/02/2009 B 19500000 13.00 19500000 13.00 500465 Varun Shipping Co. Ltd., Sunbeam Talc Pvt Ltd 10/02/2009 S 19500000 13.00 -- 500465 Varun Shipping Co. Ltd., Varun Corporation Ltd 19/11/2008 - 03/02/2009 B 413739 0.28 44917662 29.94 500465 Varun Shipping Co. Ltd., Varun Coporation Ltd 03/02/2009 S 19500000 13.00 25417662 16.94 523261 Venky's (India) ltd. Venkateshwara Hatcheries Pvt Ltd. 17/03/2009 - 18/03/2009 B 5817 0.06 4572174 48.68 532824 Vijayeswari Textiles Ltd. Seshraj Enterprises Pvt. Ltd. 13/03/2009 B 10970 0.06 7631278 42.00 532824 Vijayeswari Textiles Ltd. M/s Seshraj Enterprises Pvt Ltd. 18/03/2009 B 4767 0.03 7636045 42.03 511333 VLS Finance Limited VLS Capital Ltd 04/03/2009 S 848 11932300 29.98 511333 VLS Finance Limited VLS Capital Ltd. 16/03/2009 S 3800 11922300 29.95

B - Buy

S - Sale

RESEARCH REPORTS

>INSIDER TRADING 20-03-09

533022 20 Microns Limited Eriez Finance & Investment Ltd. -- B 276408 1.94 1869939 13.16 514274 Aarvee Denims & Exports Ltd., Mr. Rajesh Arora 13/03/2009 B 50000 0.21 1027823 4.38 514274 Aarvee Denims & Exports Ltd., Mr. Vinod P Arora 13/03/2009 B 50000 0.21 601050 2.56 514274 Aarvee Denims & Exports Ltd., Pankaj V Arora 13/03/2009 B 25000 0.10 232425 0.99 514274 Aarvee Denims & Exports Ltd., Mr. Parmanand Arora 13/03/2009 B 50000 0.21 1125539 4.79 514274 Aarvee Denims & Exports Ltd., Mr. Nipun V Arora 13/03/2009 B 25000 0.10 242475 1.03 507852 Addi Industries Ltd., Urmila Jain 13/03/2009 B 90831 0.84 3018619 27.95 513335 Ahmednagar Forgings Ltd JPMSL A/c Copthall Mauritius Inv Ltd 06/03/2009 B 324200 0.93 1911777 5.47 532799 Akruti City Ltd. Mahipatray V Shah- HUF( Revised) 13/03/2009 B 300000 0.44 9200000 13.79 511589 Almondz Capital & Management Services Ltd Innovative Money Matters Pvt Ltd 16/03/2009 B 45000 0.45 1827940 18.25 500425 Ambuja Cements Ltd. B L Taparia 17/03/2009 S 10000 575250 0.04 500425 Ambuja Cements Ltd. Manju Taparia 16/03/2009 S 6500 45500 532828 AMD Industries Ltd Adit Gupta 16/03/2009 B 2375 2369154 12.36 532935 Aries Agro Limited, Dr. Rahul Mirchandani 16/03/2009 B 19004 621780 4.78 524804 Aurobindo Pharma Ltd. Trident Chemphar Ltd. 13/03/2009 - 14/03/2009 B 522000 0.97 1158000 2.15 532797 AUTOLINE INDUSTRIES LTD. M Radhakrishnan 12/03/2009 - 13/03/2009 B 149 57853 0.47 532719 B L Kashyap and Sons Ltd Vinod Kashyap 13/03/2009 B 3000 4845000 23.58 532719 B L Kashyap and Sons Ltd Vineet Kashyap 13/03/2009 B 6400 4856436 23.64 532719 B L Kashyap and Sons Ltd Vikram Kashyap 13/03/2009 B 3000 4848000 23.59 532719 B L Kashyap and Sons Ltd Malini Kashyap 13/03/2009 B 1000 -- 532719 B L Kashyap and Sons Ltd Vineet Kashyap 12/03/2009 B 5000 4850036 23.61 532380 Baba Arts Ltd N H Mankad 13/03/2009 B 7500 7700 0.06 500039 Banco Products (India) Ltd., Mehul K. Patel 17/03/2009 B 12013 4378217 6.16 531937 Beckons Industries Ltd. Mr. Gurmeet Singh 12/03/2009 - 13/03/2009 B 78642 799852 2.97 504646 Bhagwati Autocast Limited Ms. Reena P. Bhagwati. 05/03/2009 - 06/03/2009 B 1653 0.05 310948 10.79 504646 Bhagwati Autocast Limited Mrs. Mandakini P. Bhagwati 05/03/2009 - 06/03/2009 B 551 0.01 238496 8.27 504646 Bhagwati Autocast Limited Reena P Bhagwati 26/02/2009 B 250 309295 10.73 504646 Bhagwati Autocast Limited Mandakini P Bhagwati 26/02/2009 - 02/03/2009 B 287 237945 8.26 500103 Bharat Heavy Electricals Ltd., Life Insurance Corporation Of India 09/03/2009 B 173501 0.03 24561152 5.01 531590 Bilpower Ltd. Suresh Kumar Choudhary 13/03/2009 B 21244 0.20 425673 4.05 531590 Bilpower Ltd. Suresh Kumar Choudhary 09/03/2009 B 38362 403429 3.84 505681 Bimetal Bearings Ltd Simpson & Company Ltd -- B 151 564026 14.74 505681 Bimetal Bearings Ltd Simpson & Company Ltd -- B 300 564326 14.75 532330 Biopac India Corporation Ltd Mr. Pankaj B Doshi 13/03/2009 B 2502 3318576 20.74 532330 Biopac India Corporation Ltd Mr. Pankaj B Doshi 12/03/2009 B 4175 3316074 20.72 532929 Brigade Enterprises Limited M. R. Jaishankar -- B 26596 22913795 20.41 511196 Can Fin Homes Ltd., Canara Bank 16/03/2009 - 17/03/2009 B 2041 8265111 40.34 530871 Chembond Chemicals Ltd. Nirmal V. Shah (HUF) 09/03/2009 B 400 97268 512018 CNI Research Ltd Shreenath Finstock Pvt. Ltd. 16/03/2009 B 150750 0.49 3871913 12.65 532339 Compucom Software Lt. Compucom Technologies Pvt. Limited -- B 16200 0.32 5328151 10.60 526550 Country Club (India) Ltd. Y Rajeev Reddy 12/03/2009 B 35380 21497386 27.77 500096 Dabur India Ltd. Mr. Sunil Duggal 16/03/2009 S 10000 1469359 0.17 500096 Dabur India Ltd. Mr. A. Sudhakar 24/02/2009 - 16/03/2009 S 15000 198452 0.02 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd 12/03/2009 B 46000 0.08 4450229 7.35 511072 Dewan Housing Finance Corpn. Ltd., Wadhawan Holdings Pvt Ltd 13/03/2009 B 45000 0.07 4495229 7.43 533055 Edserv Softsystems Limited India Max Investment Fund Ltd. 02/03/2009 S 812708 6.77 -- 531162 Emami Ltd Smt. Usha Agarwal 05/03/2009 B 75000 0.12 363886 0.58 531162 Emami Ltd Radhe Shyam Agarwal 05/03/2009 B 102500 291500 0.46 531162 Emami Ltd A. V. Agarwal 05/03/2009 B 32500 363716 0.58 531162 Emami Ltd Harsh Vardhan Agarwal 05/03/2009 B 50000 613563 0.98 531162 Emami Ltd R. K. Goenka 05/03/2009 B 15000 0.02 215000 0.34 531162 Emami Ltd Smt. Santosh Goenka 05/03/2009 B 70500 0.11 189000 0.30 531162 Emami Ltd Meena Goenka 05/03/2009 B 12500 0.02 179200 0.28 531162 Emami Ltd Puja Goenka 05/03/2009 B 17500 0.02 85833 0.13 531162 Emami Ltd Yogesh Goenka 05/03/2009 B 6000 0.00 190900 0.30 531162 Emami Ltd Frank Ross Limited 05/03/2009 S 185000 0.29 41500 0.06 531162 Emami Ltd Amitabh Goenka 05/03/2009 S 441000 0.71 2649616 4.26 531162 Emami Ltd Master Vibhash Vardhan Agarwal 05/03/2009 B 24000 0.03 178813 0.28 531162 Emami Ltd Radhe Shyam Goenka 05/03/2009 B 75000 176380 0.28 531162 Emami Ltd Master Sashwat Goenka 05/03/2009 B 15000 0.02 185000 0.29 531162 Emami Ltd R. S. Goenka - HUF 05/03/2009 B 7500 0.01 107000 0.17 532219 Energy Development Company Ltd. Pankaja Kumari Singh 09/03/2009 - 12/03/2009 B 16529 266530 0.96 532622 GATEWAY DISTRIPARKS LTD. Sealand Terminals Pvt Ltd 04/03/2009 B 6095223 5.66 6433223 5.97 532345 Gati Limited Sunil Alagh 13/03/2009 S 15000 -- 532767 Gayatri Projects Limited Mr.T.V. Sandeep Kumar Reddy 13/03/2009 B 16000 0.00 1583961 15.68 532754 GMR Infrastructure Limited GMR Holdings Pvt. Ltd. 12/03/2009 - 13/03/2009 B 536000 0.03 1354378238 74.38 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta. 13/03/2009 B 2211 33970993 24.55 524226 Gujarat Ambuja Exports Ltd. Manish Kumar Gupta 06/03/2009 B 41178 33944811 24.53 523477 Gujarat Gas Co. Ltd. GGCL-Employee Welfare Stock Option Trust 12/03/2009 - 13/03/2009 B 10000 75672 0.11 514043 Himatsingka Seide Ltd., Bihar Mercantile Union Ltd. 13/03/2009 S 870000 7596000 7.71 514043 Himatsingka Seide Ltd., Mr. Dinesh Kumar Himatsingka 13/03/2009 B 400000 12105044 12.29 514043 Himatsingka Seide Ltd., Mr. Aditya Himatsingka 13/03/2009 B 235000 2718200 2.76 514043 Himatsingka Seide Ltd., Mr. Shrikant Himatsingka 13/03/2009 B 235000 3468964 3.52 505982 Hinduja Foundries Ltd Morgan Stanley Mauritius Co Ltd & Pac 12/03/2009 B 1587302 8.49 1587302 8.49 500187 Hindustan Sanitaryware & Industries New Delhi Industrial Promoters & Inv Ltd 09/03/2009 B 625 3338687 6.07 532894 Indowind Energy Ltd. Loyal Credit And Investments Ltd -- B 100000 0.20 6732509 14.10 532644 J.K. CEMENT LTD Amrita Saraogi 06/03/2009 B 500 3500 532644 J.K. CEMENT LTD Amrita Saraogi 09/03/2009 B 500 4000 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani. 12/03/2009 B 1000 0.02 282547 8.07 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani. 13/03/2009 B 323 0.00 282870 8.08 502901 Jam Shri Ranjitsinghji Spg.& Wvg.Mi Navratan Damani 09/03/2009 B 1106 0.03 281547 8.04 531687 Karuturi Global Limited Quantum (M) Limited 12/03/2009 S 576597 0.12 17423403 3.84 500247 Kotak Mahindra Bank Ltd. Jaimin Mukund Bhatt 06/03/2009 B 9000 217350 500247 Kotak Mahindra Bank Ltd. Jaideep Hansraj 06/03/2009 B 4450 11750 500247 Kotak Mahindra Bank Ltd. Ashish Khetan 06/03/2009 B 2700 2870 532783 LT Foods Limited Vijay Kumar Arora 12/03/2009 B 5000 2162128 9.71 532783 LT Foods Limited Surinder Kumar Arora 12/03/2009 B 3500 2128800 9.56 532783 LT Foods Limited Vijay Kumar Arora 13/03/2009 B 1369 2163497 9.72 532783 LT Foods Limited Ashwani Arora 13/03/2009 B 870 2107784 9.47 524794 Matrix Laboratories Ltd. Merrill Lynch Capital Mkt Espana SA SV 09/03/2009 S 215810 0.14 5295743 3.43 500271 Max India Ltd., Liquid Investment & Trading Co Ltd 12/03/2009 B 8508 21921198 9.87 532850 MIC Electronics Limited Shrikant P Joshi 16/03/2009 B 100000 0.09 100000 0.09 532494 Micro Technologies (India) Ltd. Goldman Sachs Investments(M) I Ltd 10/01/2008 - 13/02/2009 B 186509 -- 532494 Micro Technologies (India) Ltd. Goldman Sachs Investments (M) I Ltd 10/01/2008 - 13/02/2009 S 413232 325483 2.97 526299 Mphasis Limited Baring(I)Pvt Equity Fund III Listed Inv. 06/03/2009 B 7592100 3.63 10464829 5.00 524816 Natco Pharma Ltd. Time Cap Pharma Labs Ltd. 12/03/2009 B 10000 3298891 524816 Natco Pharma Ltd. Time Cap Pharma Labs Ltd 04/03/2009 - 05/03/2009 B 10000 3288891 532504 Navin Fluorent International Ltd Atul Kumar Shrivastava 13/03/2009 B 2000 4000 0.04 532912 Net 4 India Ltd. Suzane Pai -- B 10160 0.07 273872 1.64 532541 NIIT Technologies Limited Ms.Neeti Pawar 13/03/2009 B 152925 858022 1.46 532541 NIIT Technologies Limited Ms Renuka Vijay Thadani 13/03/2009 B 152925 354681 0.60 532944 OnMobile Global Ltd. Amit Kumar Dey 12/03/2009 S 18500 288281 0.49 532944 OnMobile Global Ltd. Amit Kumar Dey 13/03/2009 S 10000 278281 0.48 532944 OnMobile Global Ltd. Rajesh Krishnaswamy Moorti 12/03/2009 S 6000 23850 0.04 532391 Opto Circuits (India) Ltd. Mr.Thomas Dietiker 14/03/2009 S 330178 10473485 6.48 532391 Opto Circuits (India) Ltd. Mr. Jayesh C Patel 14/03/2009 B 330178 8674311 5.37 504864 Orissa Sponge Iron And Steel Limited TRFI Investment Pvt. Ltd. -- B 4000000 16.67 5502090 504864 Orissa Sponge Iron And Steel Limited TRFI Investment Pvt. Ltd. -- B 3000000 11.11 8502090 531349 Panacea Biotec Ltd. First Lucre Partnership Co. 04/03/2009 - 05/03/2009 B 22939 0.03 456997 0.68 509820 Paper Products Ltd., Suresh Gupta 13/03/2009 B 31236 1827011 2.91 513228 Pennar Industries Ltd., Vinod Real Estates Pvt. Ltd 16/03/2009 B 13000000 10.28 13000000 10.28 513228 Pennar Industries Ltd., J. R. Realtors Pvt. Ltd. 16/03/2009 S 13000000 10.28 -- 532810 Power Finance Corporation Ltd Venugopal Yakasiri -- S 7983 3367 526247 Premier Explosives Ltd. A. N. Gupta - HUF 06/03/2009 B 2300 0.03 390347 4.80 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni 13/03/2009 B 4265 9177864 45.89 530695 Prime Property Development Corporation Ltd. Padamshi L. Soni 12/03/2000 - 12/03/2009 B 7490 9173599 45.87 500366 Rolta India Ltd., Kusum Agarwala 16/03/2009 B 1000 7000 500366 Rolta India Ltd., Vijayendra Kumar Agarwala 16/03/2009 B 1000 21000 0.01 500366 Rolta India Ltd., Adarshpal Singh 13/03/2009 B 16000 45820 0.02 500366 Rolta India Ltd., Tayal Sons Ltd. 12/03/2009 B 10000 70000 0.04 500366 Rolta India Ltd., Rolta Shares & Stocks Pvt. Ltd. 16/03/2009 B 200000 5212512 3.23 500366 Rolta India Ltd., Credit Suisee (Singapore) Ltd 09/03/2009 S 3000000 1.86 3081711 1.91 530631 Rose Zinc Ltd. Mrs. Usha A Mehta 03/03/2009 B 100 407400 5.04 532886 SEL Manufacturing Company Limited Dhiraj Saluja 13/03/2009 B 16761 44775 0.26 520086 Sical Logistics Limited Karthik Menon 26/02/2009 - 12/03/2009 B 57765 232765 0.58 523838 Simplex Infrastructures Limited B. D. Mundhra & PAC 16/03/2009 B 2152530 -- 523838 Simplex Infrastructures Limited B. D. Mundhra & PAC 12/01/2009 - 04/03/2009 B 160000 26760823 54.09 513151 STI India Ltd., Commonwealth Development Corpn -UK -- S 4494594 15.49 -- 532790 Tanla Solutions Ltd. D. Uday Kumar Reddy 12/03/2009 B 5000 14396493 14.39 533033 The Saraswati Industrial Syndicate Limited Aditya Puri 16/03/2009 B 1000 444057 6.03 500148 Uflex Limited Anshika Consultants Pvt. Ltd. 16/03/2009 - 17/03/2009 B 4499 27864446 532398 Usha Martin Infotech Ltd. Saugata Banerjee 12/03/2009 B 475000 530800 2.00 532953 V-Guard Industries Ltd. Kochouseph Chittilappilly 12/03/2009 - 13/03/2009 B 7776 6761231 22.65 523261 Venky's (India) ltd. Venkateshwara Hatcheries Pvt Ltd 05/03/2009 B 1000 0.01 4563641 48.59 523261 Venky's (India) ltd. Venkateshwara Hatcheries Pvt Ltd 03/03/2009 - 04/03/2009 B 2800 0.03 4562641 48.58 523261 Venky's (India) ltd. Venkateshwara Hatcheries Pvt Ltd 09/03/2009 B 2716 0.03 4566357 48.62 511333 VLS Finance Limited VLS Capital Ltd. 12/03/2009 S 1529 0.00 11929969 29.97 511333 VLS Finance Limited VLS Capital Ltd. 13/03/2009 S 1425 0.00 11928544 29.97 511333 VLS Finance Limited VLS Capital Ltd. 13/03/2009 S 2444 0.00 11926100 29.96 511333 VLS Finance Limited VLS Capital Ltd. 12/03/2009 S 802 0.00 11931498 29.98

B - Buy

S - Sale

RESEARCH REPORTS