Wednesday Capita Telefolio Volume No 5, Issue No 24 dated Wednesday, 6th December 2006

The following recommendation is based on price as on Wednesday, 6th December
2006.

BUY: Gujarat Apollo Equipments at Rs 182

Now full details:

BUY : Gujarat Apollo Equipments at Rs 182
BSE Code : 522217
NSE Symbol : Not listed
Market Lot : 1

Sustained growth in investment in roads and highways ensure sustained growth
for this road construction equipment company.

Actual EPS for year ended March 2005 : Rs 7.6
Actual EPS for year ended March 2006 : Rs 15
Projected EPS for year ended March 2007 : Rs 22.3

End of Wednesday Capita Telefolio Volume No 5, Issue No 24 dated Wednesday,
6th December 2006.