>INSIDER TRADING 27-05-09

500410	ACC Ltd	Mr A Anjeneyan	19/05/2009	B	2000		2630
500410	ACC Ltd	Mr M L Narula	19/05/2009	S	3000		27000
530499	AK Capital Services Ltd	A K Mittal	15/05/2009	B	100		430034	6.52
530499	AK Capital Services Ltd	FirstRand (Ireland) Plc	18/05/2009	B	800000	12.12	815566	12.36
532799	Akruti City Ltd	Falguni V Shah	13/05/2009	B	3850000	5.77	6360000	9.53
532799	Akruti City Ltd	Lata M Shah	13/05/2009	B	300000	0.45	2400000	3.60
532799	Akruti City Ltd	Mahipatray V Shah HUF	13/05/2009	B	600000	0.90	9600000	14.39
500425	Ambuja Cements Ltd	Harendra Suryakant Patel	19/05/2009	S	4000		17775
500425	Ambuja Cements Ltd	Harendra Suryakant Patel	20/05/2009	S	2000		15775
532828	AMD Industries Ltd	Adit Gupta	14/05/2009	B	10784		2432521	12.69
532828	AMD Industries Ltd	Harswarup Gupta	14/05/2009	B	3624		2287043	11.93
531683	Ankur Drugs and Pharma Ltd	Purnandu Jain	12/05/2009	B	400000		2676126	14.07
532475	Aptech Ltd	C Y Pal	15/05/2009	B	5000		40000	0.06
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	25/05/2009	B	55500	0.25	4201920	19.20
512149	Avance Technologies Ltd	Devang D Master	13/05/2009	S	110000	2.29	50681	1.05
506401	Deepak Nitrite Ltd	Sudhir Mankad	--	S
511072	Dewan Housing Finance Corporation Ltd	Wadhawan Holdings Pvt Ltd	18/05/2009	B	4050	0.01	4599279	7.60
505790	FAG Bearings India Ltd	Franklin Templeton Mutual Fund	14/05/2009	S	300000	1.81	829604	4.99
509567	Goa Carbon Ltd	Shrinivas V Dempo	14/05/2009	B	2000		141398	1.54
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	12/05/2009	B	3100	0.01	665636	2.37
532734	Godawari Power & Ispat Ltd	Ram Real Mart Pvt Ltd	13/05/2009	B	5650	0.02	671286	2.39
500180	HDFC Bank Ltd	Dhananjay Tiwari	22/05/2009	S	500		10500
500010	Housing Development Finance Corporation Ltd	Deepak S Parekh	19/05/2009 - 20/05/2009	S	25000		346543	0.12
500010	Housing Development Finance Corporation Ltd	Renu S Karnad	19/05/2009 - 20/05/2009	S	20000		208000
500187	HSIL Ltd	Soma Investments Ltd	15/05/2009	B	899	0.00	3889232	7.07
500202	India Lease Development Ltd	Mgf Services Ltd	19/05/2009	B	300	0.00	307653	3.01
532832	Indiabulls Real Estate Ltd	Morgan Stanley & Co Intl Plc a/c Morgan Stanley (M) Co Ltd & Others	22/05/2009	B	30820651	7.68	32429146	8.08
531687	Karuturi Global Ltd	Prasanna Pai	25/05/2009	S	20000		10000
532967	Kiri Dyes and Chemicals Ltd	Mr Manish Kiri	13/05/2009	S	12681		1557887	10.39
500247	Kotak Mahindra Bank Ltd	Arun N	19/05/2009	S	1618		9230
500247	Kotak Mahindra Bank Ltd	Mr Ashish Vora	19/05/2009	B	5292		8292
500247	Kotak Mahindra Bank Ltd	Mr Dipak Gupta	19/05/2009	S	10000		260500
500247	Kotak Mahindra Bank Ltd	Mr Jaimin Mukund Bhatt	19/05/2009	S	5000		202350
500247	Kotak Mahindra Bank Ltd	Mr K V S Manian	19/05/2009	S	5000		149650
500247	Kotak Mahindra Bank Ltd	Mr Rajiv Gurnani	19/05/2009	S	2500		44793
500247	Kotak Mahindra Bank Ltd	Mr Venkattu Srinivasan	19/05/2009	S	2000		36821
500247	Kotak Mahindra Bank Ltd	Mr Vikram Sud	19/05/2009	B	80337		80337
500247	Kotak Mahindra Bank Ltd	Ms Anuradha Mahindra	15/05/2009	S	150000		8462500
500247	Kotak Mahindra Bank Ltd	Ms Anuradha Mahindra	19/05/2009	S	200000		8262500
500247	Kotak Mahindra Bank Ltd	Sudhakar Shanbhag	19/05/2009	S	1000		32460
500247	Kotak Mahindra Bank Ltd	Sudhakar Shanbhag	19/05/2009	S	1000		33460
500247	Kotak Mahindra Bank Ltd	Sudhakar Shanbhag	19/05/2009	S	500		31960
532783	LT Foods Ltd	Ashok Arora	13/05/2009	B	6000		2250195	10.10
532783	LT Foods Ltd	Ashok Arora	14/05/2009	B	9000		2259195	10.14
532783	LT Foods Ltd	Ashwani Arora	13/05/2009	B	6000		2210441	9.93
532783	LT Foods Ltd	Surinder Kumar Arora	13/05/2009	B	2000		2240343	10.06
532783	LT Foods Ltd	Vijay Kumar Arora	14/05/2009	B	1000		2230033	10.01
500257	Lupin Ltd	Naresh Kumar Gupta	25/05/2009	S	500		1760	0.00
500257	Lupin Ltd	Sakti P Chakraborty	21/05/2009	S	500		7850	0.00
500257	Lupin Ltd	Shashi Narula	22/05/2009	S	500		14500	0.02
500257	Lupin Ltd	Varun Khanna	22/05/2009 - 25/05/2009	S	1000		47000	0.06
524232	Maharashtra Polybutenes Ltd	Brijmohan Rathi HUF	05/05/2009	S	100000
526721	Nicco Parks & Resorts Ltd	Rajive Kaul	18/05/2009	B	130		199030	4.25
532944	OnMobile Global Ltd	Arvind Rao	25/05/2009	S	3567		5336950	9.21
532944	OnMobile Global Ltd	Arvind Rao	25/05/2009	S	8736		5328214	9.20
532944	OnMobile Global Ltd	Arvind Rao	26/05/2009	S	12735		5315479	9.18
532466	Oracle Financial Services Software Ltd	Aditya Bhagat	25/05/2009	S	730		2020
532817	Oriental Trimex Ltd	Rajesh Kumar Punia	19/05/2009	B	4000		2387814	16.12
531120	Patel Engineering Ltd	Sonal Patel	08/05/2009 - 13/05/2009	B	6500		267900	0.45
531120	Patel Engineering Ltd	Sonal Patel	19/05/2009	B	3400		271300
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	14/05/2009	B	3278		9543178	47.72
530695	Prime Property Development Corporation Ltd	Padamshi L Soni	15/05/2009	B	3420		9546598	47.73
532699	Royal Orchid Hotels Ltd	Sequoia Cap India Inv Holdings II	22/05/2009	S	641350		982025	3.60
500370	Salora International Ltd	Arpit Chaurasia	11/05/2009	S	222285	2.52	25751	0.30
531548	Somany Ceramics Ltd	Scope Vinimoy Pvt Ltd	15/05/2009	B	200	0.00	625332	9.06
532874	Suryachakra Power Corporation Ltd	Mrs M Mangatayaru	15/05/2009	B	4500		1441098	1.88
532301	Tata Coffee Ltd	Citigroup Global Mkt (M) Pvt Ltd	21/05/2009	S	60000	0.32	614946	3.29
532301	Tata Coffee Ltd	Citigroup Global Mkt (M) Pvt Ltd	21/05/2009	S	75000	0.40	539946	2.89
531088	Tulip Star Hotels Ltd	Dr Ajit B Kerkar	15/05/2009	B	10000	0.22	262570	5.71
532953	V Guard Industries Ltd	Kochouseph Chittilappilly	15/05/2009	B	11710		6964405	23.33
531544	Vertex Spinning Ltd	Sachin Sharma	--	S	5915500	2.97	0	0.00
531668	Vision Corporation Ltd	Pradeep Nathalal Shah	31/03/2009	B	2450000	12.27	2450000	12.27

530499	AK Capital Services Ltd	FirstRand (Ireland) Public Ltd Co	18/05/2009	Acq	800000	12.12	815566	12.36	#
530499	AK Capital Services Ltd	FirstRand (Ireland) Public Ltd Co	18/05/2009	Acq	800000	12.12	815566	12.36	*
532799	Akruti City Ltd	Falguni V Shah	13/05/2009	Acq	3850000	5.77			*
532799	Akruti City Ltd	Lata M Shah	13/05/2009	Acq	300000	0.44			*
532799	Akruti City Ltd	Mahipatray V Shah (HUF)	13/05/2009	Acq	600000	0.89			*
532799	Akruti City Ltd	Techno Electirc & Engg Co Ltd	14/05/2009	Acq	2000000	3.00	4500000	6.75	#
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	25/05/2009	Acq	55500	0.25	4201920	19.09	#
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	25/05/2009	Acq	55500	0.25	4201920	19.09	*
500820	Asian Paints Ltd	Life Insurance Corporation of India	22/05/2009	Sale	241748	0.00	7278908	7.59	#
526987	Commitment Capital Services Ltd	P K Goyal & Sons (HUF) & PACs	13/05/2009	Acq	96606	3.01	224041	6.99	*
532868	DLF Ltd	Magna Real Estate Developers Pvt Ltd	19/05/2009	Acq	6380000	0.38	6380000	0.38	#
532868	DLF Ltd	Magna Real Estate Developers Pvt Ltd	19/05/2009	Acq	6380000	0.38	6380000	0.38	*
530023	Fortune Financial Services India Ltd	Jalpa Nimish Shah	12/05/2009 - 13/05/2009	Acq	111		494232		*
532980	Gokul Refoils & Solvent Ltd	Pacific Corporate Services Ltd	18/05/2009	Acq	1000	0.01	1175613	4.46	*
509488	Graphite India Ltd	Krishna Kumar Bangur & PACs	14/05/2009	Acq	2310498	1.53	82614695	54.68	#
509488	Graphite India Ltd	The Emerald Co Ltd	14/05/2009	Acq	1100000	0.73	16100000	10.66	#
532855	Haryana Capfin Ltd	Stable Trading Company Ltd	12/05/2009 - 14/05/2009	Acq	41184	0.79	262212	5.03	*
500187	HSIL Ltd	Soma Investments Ltd & PACs	15/05/2009	Acq	899	0.00	33170420	60.28	#
500187	HSIL Ltd	Soma Investments Ltd & PACs	16/05/2009	Acq	899	0.00	33170420	60.28	*
500202	India Lease Development Ltd	Mgf Services Ltd	19/05/2009	Acq	300	0.00	307653	3.01	#
532832	Indiabulls Real Estate Ltd	Morgan Stanley & Co Intl Plc a/c Morgan Stanley (M) Co Ltd & Others	22/05/2009	Acq	30820651	7.68	32429146	8.08	#
532832	Indiabulls Real Estate Ltd	Morgan Stanley & Co Intl Plc a/c Morgan Stanley (M) Co Ltd & Others	22/05/2009	Acq	30820651	7.68	32429146	8.08	*
514448	Jyoti Resins & Adhesives Ltd	Dineshbhai N Patel	16/05/2009	Acq	50000	1.25	120261	3.01	#
514448	Jyoti Resins & Adhesives Ltd	Jagdish N Patel	16/05/2009	Acq	50000	1.25	103362	2.58	#
514448	Jyoti Resins & Adhesives Ltd	Jyoti Cosmetics (Exim) Ltd	16/05/2009	Sale	243160	6.08	0	0.00	#
514448	Jyoti Resins & Adhesives Ltd	Jyotika J Patel	16/05/2009	Acq	50000	1.25	87356	2.18	#
514448	Jyoti Resins & Adhesives Ltd	Naynaben D Patel	16/05/2009	Acq	43160	1.08	101755	2.54	#
514448	Jyoti Resins & Adhesives Ltd	Utkarsh J Patel	16/05/2009	Acq	50000	1.25	98688	2.47	#
524109	Kabra Extrusiontechnik Ltd	Anand S Kabra	14/05/2009 - 15/05/2009	Acq	60000	0.75	650514	8.15	*
524250	Lalit Polymers & Electronics Ltd	M/s Sanman Coatings Pvt Ltd	15/05/2009	Sale	357230	5.95	0	0.00	*
524250	Lalit Polymers & Electronics Ltd	Mr Manoj S Chabria	15/05/2009	Sale	214850	3.58	166580	2.78	*
524250	Lalit Polymers & Electronics Ltd	Mr Sanjay S Chabria	15/05/2009	Sale	308066	5.13	0	0.00	*
524250	Lalit Polymers & Electronics Ltd	Mr Shamsunder J Chabria	15/05/2009	Sale	350100	5.83	1400	0.02	*
524250	Lalit Polymers & Electronics Ltd	Mr Sunder H Bajaj	15/05/2009	Sale	480000	8.00	0	0.00	*
524250	Lalit Polymers & Electronics Ltd	Ms Lalita S Chabria	15/05/2009	Sale	290390	4.84	1000	0.02	*
524250	Lalit Polymers & Electronics Ltd	Ms Meenu Manglani	15/05/2009	Sale	358350	5.97	0	0.00	*
524250	Lalit Polymers & Electronics Ltd	Ms Nitya Motwani	15/05/2009	Sale	408360	6.81	0	0.00	*
524250	Lalit Polymers & Electronics Ltd	Ms Sweta Motwani	15/05/2009	Sale	262350	4.37	0	0.00	*
532783	LT Foods Ltd	Ashok Arora	01/04/2009 - 30/04/2009	Acq	75233		2206925	9.91	*
532783	LT Foods Ltd	Surinder Arora	01/04/2009 - 30/04/2009	Acq	25048		2235843	10.04	*
500267	Majestic Auto Ltd	Hero Cycles Ltd	25/05/2009	Sale	700	0.01	2916614	28.05	*
500370	Salora International Ltd	Arpit Chaurasia	11/05/2009	Sale	222285	2.52	25751	0.30	#
531548	Somany Ceramics Ltd	Scope Vinimoy Pvt Ltd & PACs	15/05/2009	Acq	200	0.00	4288646	62.16	#
503806	SRF Ltd	Cholamandalam DBS Finance Ltd	22/05/2009	Acq	1980000	3.20	3500100	5.66	*
524717	Titan Biotech Ltd	Titan Securities Ltd	13/05/2009	Acq	3000	0.05	1534746	27.69	#
524717	Titan Biotech Ltd	Titan Securities Ltd	13/05/2009	Acq	3000	0.05	1534746	27.69	*
524717	Titan Biotech Ltd	Titan Securities Ltd	15/05/2009	Acq	1000	0.02	1535746	27.71	#
524717	Titan Biotech Ltd	Titan Securities Ltd	15/05/2009	Acq	1000	0.02	1535746	27.71	*
524717	Titan Biotech Ltd	Titan Securities Ltd	19/05/2009	Acq	4210	0.08	1539956	27.79	#
524717	Titan Biotech Ltd	Titan Securities Ltd	19/05/2009	Acq	4210	0.08	1539956	27.79	*
531088	Tulip Star Hotels Ltd	Dr Ajit B Kerkar	15/05/2009	Acq	10000	0.22	262570	5.71	#
531088	Tulip Star Hotels Ltd	Dr Ajit B Kerkar	15/05/2009	Acq	10000	0.22	262570	5.71	*
517146	Usha Martin Ltd	Kenwyn Overseas Ltd	13/05/2009	Acq	1178000	0.47	11637680	4.65	#
517146	Usha Martin Ltd	Peterhouse Investments Ltd	13/05/2009	Acq	1170000	0.47	16276455	6.51	#
517146	Usha Martin Ltd	UMIL Share & Stock Broking Ser Ltd	13/05/2009	Sale	1170000	0.47	34917365	13.95	#
517146	Usha Martin Ltd	UMIL Share & Stock Broking Ser Ltd	13/05/2009	Sale	1178000	0.47	33739365	13.48	#
531544	Vertex Spinning Ltd	Sachin Sharma	15/05/2009	Sale	5915500	2.97	0	0.00	#
531668	Vision Corporation Ltd	Pradeep Nathalal Shah	31/03/2009	Acq	2450000	12.27	2450000	12.27	#
531668	Vision Corporation Ltd	Pradeep Nathalal Shah	31/03/2009	Acq	2450000	12.27	2450000	12.27	*

RESEARCH REPORTS

>INSIDER TRADING 26-05-09

532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	22/05/2009	B	65770	0.30	4146420	18.84
530355	Asian Oilfield Services Ltd	Krishna Kant	22/05/2009 - 25/05/2009	S	90000		261230	2.32
531937	Beckons Industries Ltd	Gurmeet Singh	22/05/2009	B	4401		1505017	5.58
504646	Bhagwati Autocast Ltd	Mrs. Mandakini P Bhagwati	12/05/2009	B	200		243096	8.44
504646	Bhagwati Autocast Ltd	Mrs. Mandakini P Bhagwati	13/05/2009	B	250		243346	8.45
504646	Bhagwati Autocast Ltd	Ms. Reena P Bhagwati	12/05/2009	B	700		316263	10.98
504646	Bhagwati Autocast Ltd	Ms. Reena P Bhagwati	13/05/2009	B	250		316513	10.99
504646	Bhagwati Autocast Ltd	Ms. Reena P Bhagwati	14/05/2009	B	50		316563	10.99
526785	Crest Animation Studios Ltd	Vijay Paranjpe	21/05/2009 - 22/05/2009	B	12500	0.06	21500	0.10
526227	Filatex India Ltd	Nouvalle Sec Pvt Ltd	22/05/2009	B	15100	0.09	769996	4.49
526227	Filatex India Ltd	Nouvelle Sec Pvt Ltd	21/05/2009	B	20050	0.12	754896	4.40
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	21/05/2009	B	2059		268289	0.42
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	21/05/2009	B	2717		271006	0.42
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	22/05/2009	B	2030		276368	0.43
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Option Trust	22/05/2009	B	3332		274338	0.43
532894	Indowind Energy Ltd	Loyal Credit & Invstmt Ltd	--	B	15000	0.03	7139590	14.95
532894	Indowind Energy Ltd	Loyal Credit & Invstmt Ltd	--	B	25000	0.05	7064590	14.80
532894	Indowind Energy Ltd	Loyal Credit & Invstmt Ltd	--	B	25000	0.05	7089590	14.85
532894	Indowind Energy Ltd	Loyal Credit & Invstmt Ltd	--	B	25000	0.05	7164590	15.01
532894	Indowind Energy Ltd	Loyal Credit & Invstmt Ltd	--	B	35000	0.07	7124590	14.92
532894	Indowind Energy Ltd	Loyal Credit & Invstmt Ltd	--	B	50000	0.10	7039590	14.75
501295	Industrial Investment Trust Ltd	Venkatesan Narayanan	--	S
531687	Karuturi Global Ltd	CLSA (M) Ltd	21/05/2009	S	3157500	0.70	14572518	3.22
532778	Lanco Infratech Ltd	D V Rao	19/05/2009	S	16985		2000
532778	Lanco Infratech Ltd	D V Rao	21/05/2009	S	8000		196325
500257	Lupin Ltd	Naresh Kumar Gupta	21/05/2009 - 22/05/2009	S	500		2260	0.00
500257	Lupin Ltd	Suresh P Jadhav	22/05/2009	S	368		6002	0.00
532466	Oracle Financial Services Software Ltd	P N Visweswara Rao	19/05/2009	S	1000		824
532323	Shiva Cement Ltd	Unicon Merchants (P) Ltd	16/04/2009	B	7000000	4.67	11743227	7.83
532667	Suzlon Energy Ltd	Girish Ranchhodbhai HUF	25/05/2009	S	23500000		39500000	2.64
532667	Suzlon Energy Ltd	Nidhi T Tanti	25/05/2009	S	9000000		15052000	1.00
532667	Suzlon Energy Ltd	Rambhaben Ukabhai	25/05/2009	S	27500000		738000	0.05
532953	V Guard Industries Ltd	Kochouseph Chittilappilly	13/05/2009 - 14/05/2009	B	3581		6952695	23.29
532824	Vijayeswari Textiles Ltd	Seshraj Enterprises Pvt Ltd	22/05/2009	B	1885	0.01	7720634	42.49

531683	Ankur Drugs and Pharma Ltd	Purnandu Jain	12/05/2009	Acq	400000	2.10	2676126	14.07	*
531683	Ankur Drugs and Pharma Ltd	Purnandu Jain	13/05/2009	Acq	400000	2.10	2676126	14.07	#
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	22/05/2009	Acq	65770	0.30	4146420	18.84	#
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	22/05/2009	Acq	65770	0.30	4146420	18.84	*
504646	Bhagwati Autocast Ltd	Ms. Mandakini P Bhagwati	12/05/2009	Acq	200	0.01	243096	8.44	#
504646	Bhagwati Autocast Ltd	Ms. Reena P Bhagwati	12/05/2009	Acq	700	0.02	316263	10.97	#
504646	Bhagwati Autocast Ltd	Ms. Mandakini P Bhagwati	13/05/2009	Acq	250	0.09	243346	8.45	#
504646	Bhagwati Autocast Ltd	Ms. Reena P Bhagwati	13/05/2009	Acq	250	0.00	316513	10.98	#
504646	Bhagwati Autocast Ltd	Ms. Reena P Bhagwati	14/05/2009	Acq	50	0.00	316563	10.98	#
509567	Goa Carbon Ltd	Shrinivas V Dempo	14/05/2009	Acq	2000	0.02	141398	1.54	#
509567	Goa Carbon Ltd	Shrinivas V Dempo	14/05/2009	Acq	2000	0.02	141398	1.54	*
530955	Kailash Ficom Ltd	M/s Dash Phamaceuticals Pvt Ltd	11/11/2008	Acq	35650	0.33	536150	5.05	#
500243	Kirloskar Oil Engines Ltd	Better Value Holdings Pvt Ltd	22/05/2009	Acq	300	0.00	12008857	6.18	#
511658	Nettlinx Ltd	Manohar Loka Reddy	14/05/2009	Acq	2500	0.02	1372088	12.43	#
511658	Nettlinx Ltd	Manohar Loka Reddy	22/05/2009	Acq	500	0.00	1383688	12.07	#
523574	Pantaloon Retail India Ltd	Dharmayug Investments Ltd & PACs	25/05/2009	Acq	4100000	2.33	10033707	5.70	*
513532	Pradeep Metals Ltd	Navin O Marwah & PACs	20/03/2009	Acq	700	0.01	636118	5.00	*
526753	Roselabs Ltd	Shivkumar Agarwal HUF	13/05/2009	Sale	36418	0.32	96570	0.85	*
526753	Roselabs Ltd	Shivkumar Agrawal HUF	13/05/2009	Sale	36418	0.32	96570	0.85	#
526753	Roselabs Ltd	Shivkumar Agrawal HUF	14/05/2009	Sale	96570	0.85		0.00	#
526753	Roselabs Ltd	Zameer Agrawal	14/05/2009	Sale	84826	0.75	219974	1.93	#
532667	Suzlon Energy Ltd	Girish Ranchhodbhai HUF	25/05/2009	Sale	23500000	1.57	39500000	2.64	#
532667	Suzlon Energy Ltd	Girish Ranchhodbhai HUF	25/05/2009	Sale	23500000	1.57	39500000	2.64	*
532667	Suzlon Energy Ltd	Nidhi T Tanti	25/05/2009	Sale	9000000	0.60	15052000	1.00	#
532667	Suzlon Energy Ltd	Nidhi T Tanti	25/05/2009	Sale	9000000	0.60	15052000	1.00	*
532667	Suzlon Energy Ltd	Rambhaben Ukabhai	25/05/2009	Sale	27500000	1.84	738000	0.05	#
532667	Suzlon Energy Ltd	Rambhaben Ukabhai	25/05/2009	Sale	27500000	1.84	738000	0.05	*

RESEARCH REPORTS

>INSIDER TRADING 25-05-09

532828	AMD Industries Ltd	Adit Gupta	20/05/2009	B	7671		2455730	12.81
532828	AMD Industries Ltd	Harswarup Gupta	20/05/2009 - 21/05/2009	B	10897		2317053	12.09
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	20/05/2009	B	40000	0.18	4065050	18.49
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	21/05/2009	B	15600	0.07	4080650	18.54
532995	Avon Corporation Ltd	Pankaj Saraiya	22/05/2009	B	25000		6737523	40.64
500163	Godfrey Phillips India Ltd	Peninsular South Asia Invstmt Co Ltd South Asia Access Fund	20/05/2009	B	1733	0.02	220000	2.12
500163	Godfrey Phillips India Ltd	Royal Bank of Scotland PLS as Trustee of Jupiter I Fund	20/05/2009	B	63968	0.62	300030	2.89
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Options Trust	19/05/2009	B	21181		237411	0.37
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Options Trust	19/05/2009	B	3819		241230	0.38
523477	Gujarat Gas Company Ltd	GGCL Employee Welfare Stock Options Trust	20/05/2009	B	25000		266230	0.42
532783	LT Foods Ltd	Vijay Kumar	08/05/2009	B	10951		2217533	9.96
500267	Majestic Auto Ltd	Hero Cycles Ltd	--	S	4712	0.05	2917314	28.06
532466	Oracle Financial Services Software Ltd	B Srihari	20/05/2009	S	300		1800
532466	Oracle Financial Services Software Ltd	B Srihari	22/05/2009	S	300		1500
532466	Oracle Financial Services Software Ltd	Karthick Prasad R	20/05/2009	S	600		1800
532466	Oracle Financial Services Software Ltd	Karthick Prasad R	22/05/2009	S	300		1500
532466	Oracle Financial Services Software Ltd	Martin Rebeiro	20/05/2009	S	500		10500
532466	Oracle Financial Services Software Ltd	Saurabh Tayal	21/05/2009	S	1250		0
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	--	B	1500	0.01	8783	0.06
531830	Todays Writing Products Ltd	Rajesh Kumar Drolia	13/05/2009 - 14/05/2009	B	450	0.00	2720920	21.23
532928	Transformers & Rectifiers India Ltd	L K Ramrakhiani	20/05/2009 - 21/05/2009	S	2500		4910	0.04

532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	20/05/2009	Acq	40000	0.18	4065050	18.47	#
532994	Archidply Industries Ltd	Assam Timber Products Pvt Ltd	21/05/2009	Acq	15600	0.07	4080650	18.54	#
532995	Avon Corporation Ltd	Pankaj P Saraiya	22/05/2009	Acq	25000		6737523	40.64	#
532995	Avon Corporation Ltd	Pankaj P Saraiya	22/05/2009	Acq	25000	0.15	6737523	40.64	*
530809	BNR Udyog Ltd	Kamal Narayan Rathi	20/05/2009	Acq	299800	9.99	888834	29.62	#
526987	Commitment Capital Services Ltd	P K Goyal & Sons (HUF) & PACs	13/05/2009	Acq	96606	3.02	224041	7.00	#
526987	Commitment Capital Services Ltd	Srecko Indhan Ltd	13/05/2009	Sale	100000	3.12	273772	8.55	#
526987	Commitment Capital Services Ltd	Srecko Indhan Ltd	19/05/2009	Sale	200000	6.24	73772	2.31	#
526987	Commitment Capital Services Ltd	Srecko Indhan Ltd	20/05/2009	Sale	73772	2.31	0	0.00	#
500163	Godfrey Phillips India Ltd	Jupiter I Fund	20/05/2009	Acq	63968	0.62	300030	2.89	#
500163	Godfrey Phillips India Ltd	Peninsular South Asia Invsmt Co Ltd - South Asia Access Fund	20/05/2009	Acq	1733	0.02	220000	2.12	#
500267	Majestic Auto Ltd	Hero Cycles Ltd	21/05/2009	Sale	4712	0.05	2917314	28.05	#
532934	Precision Pipes & Profiles Company Ltd	Nutra Foods India Pvt Ltd	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	*
521022	Suryajyoti Spinning Mills Ltd	Mavi Investment Fund Ltd	03/08/2007 - 20/05/2009	Acq	1036608	6.43	1036608	6.43	*

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