Back Test Report Since Jan 2000 till May 2004

Symbols	Trade	Buy Date	Buy Price	Exit date	Exit Price	% chg	Profit/Loss	% P/L	Shares	Position value	Cum. Profit
KARURVYSYA	Long	28-Apr-00	16.75	05-May-00	16.277	-2.82%	-3949.16	-2.82%	8358	139988.15	-3949.16
MAX	Long	28-Apr-00	37.10	05-May-00	36.006	-2.95%	-4129.17	-2.95%	3773	139981.32	-8078.33
SOUTHBANK	Long	05-May-00	1.64	19-May-00	1.352	-17.76%	-24724.81	-17.76%	84674	139204.04	-32803.13
RAYMOND	Long	12-May-00	43.36	26-May-00	42.400	-2.21%	-3047.04	-2.21%	3174	137624.64	-35850.17
HDFCBANK	Long	12-May-00	41.94	02-Jun-00	39.120	-6.71%	-9242.11	-6.71%	3282	137633.95	-45092.29
SRTRANSFIN	Long	04-May-00	0.33	25-Jun-00	0.249	-23.81%	-222.84	-23.81%	2869	935.94	-45315.13
BAJAJ-AUTO	Long	28-Apr-00	71.21	07-Jul-00	71.280	0.10%	137.62	0.10%	1966	139998.86	-45177.51
GLENMARK	Long	30-Jun-00	7.04	14-Jul-00	6.659	-5.42%	-7120.34	-5.42%	18667	131415.68	-52297.85
BERGEPAINT	Long	28-Apr-00	7.19	21-Jul-00	6.816	-5.24%	-7335.39	-5.24%	19463	139995.19	-59633.24
INFY	Long	14-Jul-00	971.26	21-Jul-00	918.662	-5.42%	-6994.96	-5.42%	133	129177.08	-66628.20
HINDPETRO	Long	09-Jun-00	111.64	28-Jul-00	91.240	-18.27%	-24418.79	-18.27%	1197	133633.08	-91046.99
KARURVYSYA	Long	09-Jun-00	17.78	28-Jul-00	16.227	-8.76%	-11708.64	-8.76%	7520	133735.68	-102755.63
SSLT	Long	21-Jul-00	1.38	28-Jul-00	1.325	-3.99%	-5143.16	-3.99%	93512	129046.56	-107898.79
RANBAXY	Long	21-Jul-00	141.07	28-Jul-00	132.516	-6.06%	-7820.18	-6.06%	914	128939.80	-115718.97
CESC	Long	09-Jun-00	17.54	04-Aug-00	14.272	-18.61%	-22707.65	-18.61%	6957	121997.95	-138426.62
RELIANCE	Long	28-Apr-00	66.25	11-Aug-00	63.216	-4.58%	-6410.00	-4.58%	2113	139985.40	-144836.62
DABUR	Long	28-Jul-00	13.74	31-Aug-00	11.357	-17.35%	-21113.92	-17.35%	8859	121722.67	-165950.54
IPCALAB	Long	11-Aug-00	9.65	29-Sep-00	8.372	-13.26%	-16030.72	-13.26%	12524	120881.65	-181981.26
LICHSGFIN	Long	11-Aug-00	5.43	29-Sep-00	5.380	-0.92%	-1113.10	-0.92%	22262	120882.66	-183094.36
WIPRO	Long	31-Aug-00	208.73	06-Oct-00	166.922	-20.03%	-24334.12	-20.03%	582	121482.49	-207428.48
GLAXO	Long	07-Jul-00	431.30	13-Oct-00	433.750	0.57%	732.55	0.57%	299	128958.70	-206695.93
BERGEPAINT	Long	29-Sep-00	6.82	20-Oct-00	6.756	-0.89%	-1003.51	-0.89%	16602	113159.22	-207699.44
RANBAXY	Long	18-Aug-00	139.48	29-Dec-00	161.400	15.72%	18679.25	15.72%	852	118833.55	-189020.19
RALLIS	Long	29-Dec-00	0.38	25-Jan-01	0.328	-13.67%	-2294.21	-13.67%	44237	16786.19	-191314.40
ITC	Long	10-Nov-00	25.35	16-Feb-01	27.068	6.79%	8301.84	6.79%	4822	122221.63	-183012.55
HCLTECH	Long	25-Jan-01	265.12	23-Feb-01	220.060	-17.00%	-26630.46	-17.00%	591	156685.92	-209643.01
CIPLA	Long	27-Oct-00	46.18	09-Mar-01	51.141	10.74%	12457.77	10.74%	2511	115957.58	-197185.24
CROMPGREAV	Long	03-Nov-00	1.69	09-Mar-01	1.825	7.87%	9378.48	7.87%	70409	119132.04	-187806.76
SOUTHBANK	Long	04-Aug-00	1.46	23-Mar-01	1.836	25.41%	17251.50	25.41%	46375	67893.00	-170555.26
AMARAJABAT	Long	29-Sep-00	3.32	23-Mar-01	3.076	-7.45%	-8433.29	-7.45%	34049	113162.55	-178988.55
GLAXO	Long	16-Feb-01	435.05	23-Mar-01	430.100	-1.14%	-1881.00	-1.14%	380	165319.00	-180869.55
MOTHERSUMI	Long	12-Apr-01	2.98	20-Apr-01	2.822	-5.16%	-385.84	-5.16%	2512	7475.71	-181255.39
ITC	Long	04-May-01	27.69	18-May-01	26.202	-5.39%	-6224.70	-5.39%	4173	115564.29	-187480.09
ASIANPAINT	Long	11-May-01	17.32	25-May-01	16.663	-3.81%	-4398.90	-3.81%	6665	115460.02	-191878.99
SBIN	Long	25-May-01	223.70	01-Jun-01	216.450	-3.24%	-3828.00	-3.24%	528	118113.60	-195706.99
COLPAL	Long	18-May-01	139.68	15-Jun-01	129.840	-7.04%	-8206.56	-7.04%	834	116493.13	-203913.55
TITAN	Long	08-Jun-01	1.91	29-Jun-01	1.712	-10.37%	-12212.64	-10.37%	61680	117808.81	-216126.19
SOUTHBANK	Long	27-Apr-01	2.69	06-Jul-01	2.400	-10.85%	-12454.38	-10.85%	42652	114819.19	-228580.57
ASHOKLEY	Long	04-May-01	2.39	13-Jul-01	2.312	-3.34%	-3865.12	-3.34%	48314	115567.09	-232445.69
HAVELLS	Long	13-Jul-01	0.75	20-Jul-01	0.739	-1.87%	-2070.30	-1.87%	147038	110666.68	-234515.99
ABB	Long	13-Jul-01	32.04	10-Aug-01	31.283	-2.36%	-2608.46	-2.36%	3454	110660.63	-237124.45
SRTRANSFIN	Long	30-Jul-00	0.44	24-Aug-01	9.133	1990.45%	1782.77	1990.45%	205	89.57	-235341.68
ACC	Long	27-Jul-01	87.94	31-Aug-01	82.016	-6.73%	-7737.44	-6.73%	1307	114932.35	-243079.12
J&KBANK	Long	04-May-01	4.13	07-Sep-01	4.460	7.93%	9165.21	7.93%	27970	115567.56	-233913.91
TATACHEM	Long	24-Aug-01	40.80	14-Sep-01	36.200	-11.27%	-13372.20	-11.27%	2907	118605.60	-247286.11
HDFC	Long	27-Apr-01	58.12	21-Sep-01	64.420	10.84%	12442.50	10.84%	1975	114787.01	-234843.61
HDFCBANK	Long	10-Aug-01	36.80	21-Sep-01	34.048	-7.48%	-8877.95	-7.48%	3226	118716.80	-243721.57
RALLIS	Long	31-Aug-01	0.23	21-Sep-01	0.201	-11.00%	-3031.87	-11.00%	122236	27562.48	-246753.43
CRISIL	Long	14-Sep-01	10.60	21-Sep-01	10.025	-5.42%	-6303.15	-5.42%	10962	116197.20	-253056.58
TORNTPHARM	Long	15-Jun-01	5.94	28-Sep-01	7.059	18.81%	7978.52	18.81%	7140	42424.17	-245078.06
SIEMENS	Long	05-Oct-01	19.28	12-Oct-01	19.220	-0.29%	-322.96	-0.29%	5872	113182.80	-245401.02
IOB	Long	21-Sep-01	7.30	28-Dec-01	7.200	-1.37%	-196.60	-1.37%	1966	14351.80	-245597.62
ANDHRABANK	Long	05-Oct-01	6.44	11-Jan-02	6.400	-0.62%	-226.00	-0.62%	5650	36386.00	-245823.62
BATAINDIA	Long	07-Sep-01	19.10	25-Jan-02	34.150	78.82%	93686.14	78.82%	6224	118863.46	-152137.48
CIPLA	Long	28-Dec-01	57.99	08-Feb-02	54.720	-5.65%	-7717.38	-5.65%	2357	136692.42	-159854.87
CROMPGREAV	Long	01-Feb-02	1.55	08-Feb-02	1.526	-1.62%	-2459.02	-1.62%	97580	151405.11	-162313.88
CADILAHC	Long	21-Sep-01	29.06	08-Mar-02	37.245	28.19%	30360.33	28.19%	3707	107706.88	-131953.55
HDFC	Long	08-Mar-02	67.39	19-Apr-02	63.460	-5.83%	-9781.77	-5.83%	2489	167733.71	-141735.32
AUROPHARMA	Long	19-Apr-02	11.89	26-Apr-02	11.681	-1.74%	-3086.76	-1.74%	14886	176974.29	-144822.09
HEROMOTOCO	Long	06-Jul-01	119.04	17-May-02	264.440	122.14%	136821.40	122.14%	941	112016.64	-8000.69
SYNDIBANK	Long	28-Sep-01	6.72	24-May-02	8.640	28.57%	31094.40	28.57%	16195	108830.40	23093.71
SOUTHBANK	Long	08-Feb-02	2.89	24-May-02	3.555	23.01%	34828.04	23.01%	52373	151357.96	57921.76
APOLLOTYRE	Long	17-May-02	4.93	24-May-02	4.877	-1.04%	-1801.27	-1.04%	35181	173371.97	56120.49
BERGEPAINT	Long	26-Apr-02	5.12	31-May-02	4.907	-4.17%	-2629.97	-4.17%	12328	63119.36	53490.52
BAJAJ-AUTO	Long	12-Oct-01	59.12	26-Jul-02	89.980	52.20%	61720.00	52.20%	2000	118240.01	115210.52
VOLTAS	Long	14-Jun-02	7.12	02-Aug-02	5.586	-21.50%	-41594.61	-21.50%	2.72E+04	193455.57	73615.92
COLPAL	Long	26-Jul-02	111.04	02-Aug-02	107.360	-3.31%	-6642.40	-3.31%	1805	200427.20	66973.52
CENTURYTEX	Long	17-May-02	30.80	16-Aug-02	38.240	24.16%	41879.76	24.16%	5629	173373.20	108853.28
IFCI	Long	07-Jun-02	2.97	16-Aug-02	2.586	-12.93%	-22305.02	-12.93%	58086	172492.20	86548.25
SAIL	Long	24-May-02	6.70	23-Aug-02	8.400	25.37%	42005.30	25.37%	24709	165550.30	128553.55
VIJAYABANK	Long	08-Feb-02	7.85	30-Aug-02	11.150	42.04%	63627.30	42.04%	19281	151355.85	192180.85
BEL	Long	23-Aug-02	108.62	06-Sep-02	96.282	-11.36%	-19125.76	-11.36%	1550	168362.25	173055.09
KARURVYSYA	Long	30-Aug-02	41.40	06-Sep-02	43.551	5.20%	8666.38	5.20%	4029	166800.61	181721.47
AUROPHARMA	Long	06-Sep-02	11.13	13-Sep-02	11.349	1.93%	3200.23	1.93%	14882	165687.85	184921.70
SBIN	Long	06-Sep-02	235.30	20-Sep-02	229.700	-2.38%	-3942.40	-2.38%	704	165651.20	180979.30
BANKBARODA	Long	30-Aug-02	33.28	04-Oct-02	28.096	-15.58%	-25987.39	-15.58%	5013	166832.63	154991.90
BHARTIARTL	Long	27-Sep-02	16.00	04-Oct-02	16.025	0.16%	254.20	0.16%	10168	162688.00	155246.10
KARURVYSYA	Long	20-Sep-02	43.43	11-Oct-02	38.709	-10.88%	-17903.02	-10.88%	3789	164571.42	137343.08
SUNPHARMA	Long	13-Sep-02	9.27	18-Oct-02	8.633	-6.89%	-11380.77	-6.89%	17827	165277.69	125962.30
J&KBANK	Long	11-Oct-02	8.79	18-Oct-02	8.520	-3.03%	-4812.31	-3.03%	18075	158805.51	121150.00
KTKBANK	Long	06-Sep-02	14.05	01-Nov-02	12.083	-13.99%	-23185.98	-13.99%	11793	165683.16	97964.02
BRITANNIA	Long	13-Sep-02	67.76	01-Nov-02	66.822	-1.38%	-2279.00	-1.38%	2439	165258.83	95685.02
BERGEPAINT	Long	01-Nov-02	5.39	29-Nov-02	5.198	-3.63%	-1297.31	-3.63%	6634	35782.32	94387.70
VOLTAS	Long	01-Nov-02	5.89	03-Jan-03	5.652	-3.98%	-6172.69	-3.98%	26379	155266.79	88215.02
INDIACEM	Long	10-Jan-03	18.40	24-Jan-03	16.750	-8.97%	-16270.65	-8.97%	9861	181442.40	71944.37
INFY	Long	06-Sep-02	441.53	14-Feb-03	518.869	17.52%	29001.56	17.52%	375	165574.22	100945.93
SSLT	Long	24-Jan-03	1.79	14-Feb-03	1.645	-7.97%	-15220.00	-7.97%	106807	190917.52	85725.93
HEXAWARE	Long	04-Oct-02	8.70	13-Mar-03	11.070	27.24%	44354.55	27.24%	18715	162820.50	130080.48
HDFC	Long	18-Oct-02	61.77	21-Mar-03	70.510	14.16%	23060.54	14.16%	2637	162874.31	153141.02
VOLTAS	Long	04-Apr-03	6.19	11-Apr-03	6.054	-2.13%	-2980.30	-2.13%	22578	139667.51	150160.73
ASIANPAINT	Long	28-Mar-03	22.21	17-Apr-03	21.860	-1.56%	-4842.63	-1.56%	13969	310204.93	145318.09
BANKINDIA	Long	11-Apr-03	39.70	14-Aug-03	47.000	18.39%	59327.10	18.39%	8127	322641.91	204645.19
SHREECEM	Long	01-Nov-02	3.13	27-Feb-04	124.100	3868.99%	6007411.32	3868.99%	49659	155270.60	6212056.51
MOTHERSUMI	Long	03-Jan-03	2.16	27-Feb-04	13.705	534.49%	104563.07	534.49%	9057	19563.12	6316619.57
ASHOKLEY	Long	05-Mar-04	10.38	12-Mar-04	10.182	-1.89%	-22723.65	-1.89%	115937	1203194.22	6293895.92
BHARATFORG	Long	01-Nov-02	27.14	26-Mar-04	116.312	328.50%	510040.96	328.50%	5720	155263.69	6803936.88
CROMPGREAV	Long	19-Mar-04	10.45	26-Mar-04	10.886	4.13%	49933.58	4.13%	115587	1208392.74	6853870.47
BHARTIARTL	Long	14-Feb-03	14.15	21-May-04	73.975	422.79%	773357.77	422.79%	12927	182917.05	7627228.24
KTKBANK	Long	26-Mar-04	30.63	21-May-04	25.472	-16.84%	-200610.18	-16.84%	38890	1191216.32	7426618.06