Performance - 2004 Recommendation

Performance update as on November 2007

Sr.	Date	Scrip Name	Recco	High		Return
			Price	Price		in %
	Appreciated more than 5x times
1	6-Dec-04	Alphageo	60	805		1242%
2	27-Dec-04	Orissa Sponge	56	748		1236%
3	27-Sep-04	Madhucon Proj *	41	438		968%
4	29-Nov-04	Bhushan Steel	132	1161		780%
5	25-Oct-04	Deccan Cement	50	387		674%
6	18-Oct-04	Guj Nre Coke *	22	137		523%
7	4-Oct-04	Dhampur Sugar	46	272		491%
	Appreciated 2x to 5x times
8	22-Nov-04	Petron Engineering	89	442		397%
9	25-Oct-04	Shah Alloys * $	44	210		377%
10	20-Sep-04	Man Ind	83	332		300%
11	20-Dec-04	Indo Asian	93	320		244%
12	27-Sep-04	Monnet Ispat	134	460		243%
13	13-Dec-04	Valecha Engineering	121	410		239%
14	4-Oct-04	India Glycols	135	446		230%
15	11-Oct-04	Shivalik Bimetal * $	13	42		223%
16	18-Oct-04	Uttam Glava	27	75		178%
17	29-Nov-04	Jindal Stainless	83	224		170%
18	27-Dec-04	Aarvee Denim	67	166		148%
19	1-Nov-04	Subros	119	285		139%
20	22-Nov-04	Bharat Seats	75	177		136%
21	22-Nov-04	Bharat Gear	52	119		129%
22	8-Nov-04	Finolex Ind (Uflex)	64	129		102%
23	11-Oct-04	Kabra Extrusion	65	131		102%
	Appreciated 50% to 100%
24	13-Dec-04	Bihar Caustic	51	87		71%
	Appreciated 25% to 50%
25	6-Dec-04	Tata Metalics	150	221		47%
26	20-Dec-04	Surana Telecom *	36	49		36%
	Appreciated below 25%
27	1-Nov-04	Sathavana Ispat	52	57		10%

* ---> Recco price adjusted for Split

$ ---> Recco price adjusted for Bonus

# ---> Recco price adjusted for Rights

@ ---> Demerger / Merger Adjustment

Disclaimer: These are not the actual profit figures booked by any investor but an compilation to indicate the potential/quality of recommendations.