1. ANGEL TOP PICKS
India Research
Sensex: 17065 Nifty: 5113
Sr. No Name of Company Market Cap Strategy CMP Target % Upside Div Yield%
(Rs. Cr) Return
Agro Cem/ Agro Food Processing/ Fertilizers
1 United Phosphorus Ltd. 8,037 BUY 183 228 25 0.8
Automobiles
2 Maruti Suzuki India Ltd. 39,189 BUY 1,356 1,694 25 0.3
3 Tata Motors Ltd. 38,741 BUY 765 907 19 0.8
Auto Ancillary
4 Apollo Tyres Ltd. 3,432 BUY 68 93 37 0.7
5 Automotive Axles Ltd. 548 BUY 363 528 46 0.8
6 Ceat Ltd. 468 BUY 137 199 46 0.0
7 FAG Bearings India Ltd. 902 BUY 543 712 31 0.8
8 JK Tyre & Inds. Ltd. 692 BUY 169 242 44 1.6
9 Motherson Sumi Systems Ltd. 5,457 BUY 142 167 18 1.0
10 Subros Ltd. 261 BUY 44 61 40 1.1
Banking & Financial Services
11 Axis Bank Ltd. 50,540 BUY 1,242 1,459 17 1.1
12 ICICI Bank Ltd. 94,295 BUY 845 1,169 38 1.4
Capital Goods
13 Crompton Greaves Ltd. 724 BUY 244 307 26 0.8
14 Elecon Engineering Company Ltd. 1,578 BUY 78 102 31 1.9
15 Graphite India Ltd. 1,235 BUY 91 117 28 3.7
16 Jyoti Structures Ltd. 2,379 BUY 151 215 43 0.6
17 KEC International Ltd. 933 BUY 463 698 51 1.4
18 Mcnally Bharat Engg. Company Ltd. 244 BUY 300 486 62 0.4
Cement
19 Grasim Industries Ltd. 16,668 BUY 1,818 2,216 22 1.7
20 India Cements Ltd. 3,457 BUY 113 138 23 1.8
21 JK Lakshmi Cement Ltd. 776 BUY 63 86 36 6.3
22 Madras Cements Ltd. 2,409 BUY 101 142 40 2.0
FMCG & Consumer Durables
23 KS Oils Ltd. 2,172 BUY 53 94 77 0.4
Hotels
24 Taj GVK Hotels & Resorts Ltd. 968 BUY 154 240 55 1.3
Infrastructure
25 IVRCL Infrastructures & Projects Ltd. 4,774 BUY 179 216 21 0.8
26 Jaiprakash Associates Ltd. 26,112 BUY 123 194 58 0.8
27 Madhucon Projects Ltd. 960 BUY 130 190 46 0.6
28 Patel Engineering Ltd. 2,736 BUY 392 563 44 0.4
29 Punj Lloyd Ltd. 3,847 BUY 116 170 47 0.3
30 Simplex Infrastructures Ltd. 2,418 BUY 489 586 20 0.4
Information Technology
31 3I Infotech Ltd. 1,198 BUY 62 129 107 2.4
32 Educomp Solutions Ltd. 5,265 BUY 552 734 33 0.5
33 Everonn Education Ltd. 615 BUY 407 602 48 0.0
34 Infosys Technologies Ltd. 151,123 BUY 2,634 3,044 16 0.9
35 Infotech Enterprises Ltd. 2,144 BUY 193 232 20 0.8
36 Mphasis Ltd. 12,187 BUY 581 872 50 0.6
37 NIIT Ltd. 1,007 BUY 61 83 36 2.1
38 Tata Consultancy Services Ltd. 148,534 BUY 759 921 21 2.6
39 Tech Mahindra Ltd. 8,970 BUY 726 1,168 61 0.6
40 Wipro Ltd. 95,065 BUY 647 790 22 0.6
Logistics
41 Gateway Distriparks Ltd. 1,256 BUY 116 160 38 3.1
Media
42 Cinemax India Ltd. 139 BUY 50 85 71 2.4
43 Deccan Chronicle Holdings Ltd. 3,049 BUY 125 193 54 1.6
44 HT Media Ltd. 3,672 BUY 156 182 16 0.2
45 Inox Leisure Ltd. 374 BUY 61 81 34 0.0
46 Jagran Prakashan Ltd. 3,641 BUY 121 160 32 1.7
47 PVR Ltd. 399 BUY 156 192 23 0.6
June 11, 2010 1

2. ANGEL TOP PICKS
India Research
Sr. No Name of Company Market Cap Strategy CMP Target % Upside Div Yield%
(Rs. Cr) Return
Metals
48 Bhushan Steel Ltd. 5,770 BUY 1,358 1,979 46 0.2
49 Electrosteel Castings Ltd. 1,606 BUY 49 72 46 2.5
50 Godawari Power & Ispat Ltd. 564 BUY 201 309 54 1.2
51 Hindalco Industries Ltd. 26,693 BUY 140 208 49 1.0
52 Hindustan Zinc Ltd. 40,802 BUY 966 1,399 45 0.4
53 JSW Steel Ltd. 19,428 BUY 1,039 1,360 31 0.9
54 Sterlite Industries (India) Ltd. 53,370 BUY 635 980 54 0.7
55 Tata Steel Ltd. 41,934 BUY 473 697 47 3.4
Oil & Gas
56 GAIL (India) Ltd. 58,153 BUY 458 580 27 1.5
57 Gujarat State Petronet Ltd. 5,391 BUY 96 120 25 0.8
58 Reliance Industries Ltd. 342,192 BUY 1,046 1,260 20 0.6
Pharmaceuticals
59 Alembic Ltd. 596 BUY 45 52 16 0.9
60 Dishman Pharmaceuticals & Chemicals Ltd. 1,637 BUY 203 279 38 0.6
Power
61 CESC Ltd. 4,777 BUY 382 460 20 1.0
62 Gujarat Industries Power Company Ltd. 1,740 BUY 115 135 17 1.9
63 NTPC Ltd. 172,505 BUY 199 230 15 1.8
64 PTC India Ltd. 3,044 BUY 103 136 32 1.5
Real Estate
65 Anant Raj Inds. Ltd. 3,051 BUY 103 178 72 0.6
66 Housing Development & Infrastructure Ltd. 8,623 BUY 235 302 28 0.0
Retail
67 Pantaloon Retail (India) Ltd. 7,753 BUY 408 469 15 0.1
Shipping
68 ABG Shipyard Ltd. 1,264 BUY 248 327 32 0.8
69 Great Eastern Shipping Company Ltd. 4,509 BUY 296 396 34 2.7
Telecom
70 Bharti Airtel Ltd. 104,261 BUY 275 360 31 0.7
Miscellaneous
71 Bartronics India Ltd. 479 BUY 141 192 37 0.7
72 Essel Propack Ltd. 662 BUY 42 58 37 0.8
73 Finolex Cables Ltd. 730 BUY 48 91 91 0.4
74 Greenply Industries 399 BUY 181 291 61 0.8
75 Sintex Industries Ltd. 3,889 BUY 285 369 29 0.4
76 Spicejet Ltd. 1,801 BUY 56 65 16 0.0
Note:
1) The investment horizon is for 12 months.
2) Dividend yield is calculated taking figures from the dividends paid by the companies in the latest financial year.
Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory
guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not
predictions and may be subject to change without notice.
Call us on (022) 2822 2108 / 4040 3800 or e-mail us on advisory@angeltrade.com
Research & Investment Advisory :
‘A’ wing, 3rd Floor, Acme Plaza, M. V. Road, Andheri (E), Mumbai - 400 059
June 11, 2010 2