1. ANGEL TOP PICKS
India Research
Sensex: 18288 Nifty: 5486
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. 8,199 BUY 186 228 23 0.8
Automobiles
2 Mahindra & Mahindra Ltd. 37,621 BUY 650 772 19 1.5
Auto Ancillary
3 Apollo Tyres Ltd. 3,284 BUY 65 79 21 1.2
4 Automotive Axles Ltd. 733 BUY 485 578 19 0.6
5 Ceat Ltd. 476 BUY 139 164 18 2.9
6 FAG Bearings India Ltd. 1,267 BUY 763 931 22 0.6
7 JK Tyre & Inds. Ltd. 675 BUY 164 237 44 2.1
Banking & Financial Services
8 HDFC Bank Ltd. 95,879 BUY 2,081 2,514 21 0.6
9 ICICI Bank Ltd. 109,385 BUY 980 1,163 19 1.2
Capital Goods
10 Elecon Engineering Company Ltd. 834 BUY 90 107 19 1.7
11 Jyoti Structures Ltd. 1,263 BUY 154 215 40 0.6
12 KEC International Ltd. 2,465 BUY 479 648 35 1.3
13 Mcnally Bharat Engg. Company Ltd. 960 BUY 309 486 57 0.4
Cement
14 Grasim Industries Ltd. 17,458 BUY 1,904 2,216 16 1.6
15 India Cements Ltd. 3,353 BUY 109 139 27 1.8
16 JK Lakshmi Cement Ltd. 734 BUY 60 92 53 4.2
17 Kesoram Industries Ltd. 1,370 BUY 300 437 46 1.8
18 Madras Cements Ltd. 2,424 BUY 102 139 36 2.0
19 Ultratech Cement Ltd. 11,200 BUY 900 1,087 21 0.7
Hotels
20 Taj GVK Hotels & Resorts Ltd. 1,052 BUY 168 240 43 1.2
Infrastructure
21 IVRCL Infrastructures & Projects Ltd. 4,695 BUY 176 216 23 0.8
22 Jaiprakash Associates Ltd. 25,156 BUY 118 174 47 0.8
23 Patel Engineering Ltd. 2,937 BUY 421 565 34 0.5
24 Punj Lloyd Ltd. 3,988 BUY 120 156 30 0.1
25 Simplex Infrastructures Ltd. 2,388 BUY 483 570 18 0.4
Information Technology
26 3I Infotech Ltd. 1,294 BUY 67 100 48 2.2
27 Mphasis Ltd. 13,045 BUY 621 872 40 0.6
28 NIIT Ltd. 1,106 BUY 67 83 24 2.1
29 Tech Mahindra Ltd. 8,960 BUY 722 950 32 0.5
Logistics
30 Gateway Distriparks Ltd. 1,108 BUY 103 123 20 3.5
Media
31 Deccan Chronicle Holdings Ltd. 3,286 BUY 135 193 43 1.5
32 Jagran Prakashan Ltd. 3,594 BUY 119 154 29 2.9
33 PVR Ltd. 391 BUY 152 199 31 0.7
August 9, 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
34 Bhushan Steel Ltd. 6,988 BUY 1,645 1,979 20 0.2
35 Electrosteel Castings Ltd. 1,742 BUY 53 72 35 2.3
36 Godawari Power & Ispat Ltd. 651 BUY 232 322 39 1.1
37 Hindalco Industries Ltd. 31,927 BUY 167 204 22 0.8
38 JSW Steel Ltd. 21,057 BUY 1,126 1,344 19 0.8
39 Prakash Industries Ltd. 2,203 BUY 177 232 31 0.0
40 Sterlite Industries (India) Ltd. 60,341 BUY 180 228 27 2.4
41 Tata Steel Ltd. 48,625 BUY 539 697 29 1.5
Oil & Gas
42 GAIL (India) Ltd. 55,528 BUY 438 534 22 1.6
43 Reliance Industries Ltd. 325,047 BUY 994 1,260 27 0.6
Pharmaceuticals
44 Alembic Ltd. 765 BUY 57 74 29 0.9
45 Dishman Pharmaceuticals & Chemicals Ltd. 1,700 BUY 211 311 48 0.6
46 Indoco Remedies Ltd. 510 BUY 415 541 30 1.7
Power
47 CESC Ltd. 4,991 BUY 400 470 18 1.0
48 Gujarat Industries Power Company Ltd. 1,696 BUY 112 135 20 2.0
49 NTPC Ltd. 164,126 BUY 199 230 16 1.8
Real Estate
50 Anant Raj Inds. Ltd. 3,729 BUY 126 178 41 0.5
Shipping
51 ABG Shipyard Ltd. 1,322 BUY 260 327 26 0.8
52 Great Eastern Shipping Company Ltd. 4,741 BUY 311 396 27 2.6
Miscellaneous
53 Bartronics India Ltd. 489 BUY 144 192 34 0.7
54 Essel Propack Ltd. 736 BUY 47 58 23 0.7
55 Finolex Cables Ltd. 923 BUY 60 85 41 1.0
56 Greenply Industries 430 BUY 195 291 50 0.8
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 (91) (022) 39527000 Ext. 105/146/124 or e-mail us on advisory@angeltrade.com
Research & Investment Advisory :
B-wing, 5th Floor, Acme Plaza, M.V. Road, Andheri (E), Mumbai 400 059.
August 9, 2010 2