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Top India Stocks With Big Insider Buying, Buybacks

India Insider Stock Trading July 6, 2007

The strong demand for India stocks has pushed the Sensex to over 15,000.

There is nothing we like to see more than an executive investing in his or her own stock
or a large smart investor who likely knows more than we do and has thrown tons of
resources breaking down the inherent value of the stock. This scenario can lead to a very
nice setup.

That's why at The India Street we keep track of India’s Insider Stock Trading in order for
you to make more informed decisions.

Rain Commodities Limited (RACL) makes this


week's portfolio. The giant cement manufacturer’s
board has decided to merge Rain Calcining with the
company effective Apr. 01, 2007. The objective of
the merger will be to integrate the Calcined
Petroleum Coke business of RCL with the CPC
business of GLC Carbon USA, a wholly owned
subsidiary of the company.

BSE:500339 NSE:PRIYADCEM Bloomberg:RCOL@IN Reuters:PRYC.BO

The top Funds holding Rain are

Portfolio Scheme Date No. of Shares Value %*


view HDFC Tax Saver 96 31-MAY-07 30000 3.22 0.03
view Tata Growth Fund 31-MAY-07 187255 1.91 0.24
view Tata Infrastructure Fund 31-MAY-07 5713824 58.28 0.42

In an attempt to drive shareholder value, the company is buying back some of the shares.

Asahi Songwon Colors Ltd. (BSE:ASSC) came to our attention when the DSP Merrill
Lynch Mutual Fund bought 380,000 insider shares totaling 3.1% of the outstanding.
Their recent IPO was oversubscribed but the stock has trended down since the IPO. If
Ashai, a leading Gujarat based company involved in producing Copper Phthalo Cyanine
Blue Crude, has Merrill Lynch buying shares,
you can bet they know something we don’t.
Watch this one carefully.

Top Holders of ACCS


Portfoli
o Scheme Date No. of Shares Value %*
0
view J M Emerging Leaders Fund 31-MAY-07 NA 9.02
.90
0
view HDFC Multiple Yield Fund 31-MAY-07 100236 9.02
.61
0
view HDFC Monthly Income Plan - Short Term Plan 31-MAY-07 150385 13.54
.66
0
view Sundaram BNP Paribas Select Small Cap 31-MAY-07 150385 13.54
.43
0
view DSP Merrill Lynch Small and Mid Cap Fund 31-MAY-07 NA 51.99
.35
1
view J M Equity Fund 31-MAY-07 NA 9.02
.19
0
view DSP Merrill Lynch Tax Saver Fund 31-MAY-07 NA 4.66
.32
2
view J M Balanced Fund 31-MAY-07 NA 4.52
.98

Lastly, we see that Rekha Jhunjhunwala (wife of


Famous Rakesh) purchased 73000 shares of Agro
Tech Foods Limited (BSE: 500215 | NSE: ATFL |
ISIN: INE209A01019) to increase her overall stake
to 584,000 shares. She has been steadily accruing
shares over the past year. Does she know
something we do not? From the chart, we can see
the stock has been steadily rising and in fact has
gone up 77.76% in the last year.

Agro Tech Foods Limited operates in the edible oils


and branded foods sector in India. It operates in two
segments, Branded Foods, and Bulk and Processed
Commodities.