1. ANGEL TOP PICKS
India Research
Sensex: 18560 Nifty: 5577
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. 8,238 BUY 187 228 22 1.1
Automobiles
2 Hero Honda Motors Ltd. 34,005 BUY 1,703 1,966 15 6.5
3 Mahindra & Mahindra Ltd. 36,667 BUY 633 772 22 1.5
4 Tata Motors Ltd. 52,398 BUY 1,035 1,214 17 1.5
Auto Ancillaries
5 Automotive Axles Ltd. 752 BUY 498 578 16 0.5
6 Ceat Ltd. 657 BUY 192 225 17 2.1
7 JK Tyre & Inds. Ltd. 816 BUY 199 237 19 1.8
Banking & Financial Services
8 Axis Bank Ltd. 57,018 BUY 1,396 1,688 21 0.9
9 Federal Bank Ltd. 5,998 BUY 351 409 17 1.4
10 ICICI Bank Ltd. 119,058 BUY 1,038 1,211 17 1.2
Capital Goods
11 Elecon Engineering Company Ltd. 842 BUY 91 107 18 1.7
12 Graphite India Ltd. 1,774 BUY 96 117 21 3.6
13 Jyoti Structures Ltd. 1,139 BUY 139 215 55 0.7
14 Lakshmi Machine Works 2,961 BUY 2,394 2,819 18 0.6
15 KEC International Ltd. 2,500 BUY 486 648 33 1.3
16 Mcnally Bharat Engg. Company Ltd. 883 BUY 284 406 43 0.4
Cement
17 India Cements Ltd. 3,256 BUY 106 139 31 1.9
18 JK Lakshmi Cement Ltd. 746 BUY 61 92 51 4.1
19 Kesoram Industries Ltd. 1,370 BUY 312 437 40 1.8
20 Madras Cements Ltd. 2,488 BUY 105 139 33 1.9
21 Ultratech Cement Ltd. 25,272 BUY 922 1,087 18 0.7
Hotels
22 Taj GVK Hotels & Resorts Ltd. 1,033 BUY 165 240 46 1.2
Infrastructure
23 IVRCL Infrastructures & Projects Ltd. 4,271 BUY 160 216 35 0.5
24 Jaiprakash Associates Ltd. 24,805 BUY 117 174 49 0.8
25 Madhucon Projects Ltd. 1,085 BUY 147 174 18 0.5
26 Nagarjuna Construction Company Ltd. 4,108 BUY 160 201 26 0.8
27 Patel Engineering Ltd. 2,743 BUY 393 565 44 0.5
28 Punj Lloyd Ltd. 3,721 BUY 112 156 39 0.1
29 Simplex Infrastructures Ltd. 2,360 BUY 477 573 20 0.4
Information Technology
30 3I Infotech Ltd. 1,182 BUY 62 100 62 2.4
31 Educomp Solutions Ltd. 5,384 BUY 564 734 30 0.4
32 Infotech Enterprises Ltd. 1,775 BUY 160 192 20 1.3
33 Mphasis Ltd. 13,653 BUY 650 872 34 0.5
34 NIIT Ltd. 1,110 BUY 67 83 23 2.1
35 Tech Mahindra Ltd. 8,776 BUY 704 950 35 0.5
36 Wipro Ltd. 99,164 BUY 405 470 16 1.5
Logistics
37 Allcargo Global Logistics Ltd. 2,048 BUY 157 195 24 0.6
September 6, 2010 1

2. ANGEL TOP PICKS
India Research
Sr. No Name of Company Market Cap Strategy CMP Target % Upside Div Yield%
(Rs. Cr) Return
Media
38 Deccan Chronicle Holdings Ltd. 3,176 BUY 130 193 48 2.3
39 Jagran Prakashan Ltd. 3,975 BUY 132 154 17 2.7
40 PVR Ltd. 451 BUY 176 226 28 0.6
Metals
41 Electrosteel Castings Ltd. 1,748 BUY 54 72 35 2.3
42 Godawari Power & Ispat Ltd. 621 BUY 221 313 41 1.1
43 Prakash Industries Ltd. 2,272 BUY 183 232 27 0.0
44 Sterlite Industries (India) Ltd. 55,265 BUY 164 228 39 2.6
45 Tata Steel Ltd. 51,931 BUY 576 702 22 1.4
Oil & Gas
46 Reliance Industries Ltd. 311,865 BUY 953 1,260 32 0.7
47 Shiv-Vani Oil & Gas Exploration Services Ltd. 2,086 BUY 450 539 20 0.2
Pharmaceuticals
48 Alembic Ltd. 800 BUY 60 74 23 0.8
49 Cipla Ltd. 24,887 BUY 310 360 16 0.6
50 Dishman Pharmaceuticals & Chemicals Ltd. 1,592 BUY 197 279 41 0.6
51 Indoco Remedies Ltd. 541 BUY 441 541 23 1.6
Power
52 CESC Ltd. 4,989 BUY 399 470 18 1.0
53 Gujarat Industries Power Company Ltd. 1,730 BUY 114 135 18 2.2
54 NTPC Ltd. 162,147 BUY 197 230 17 1.9
Real Estate
55 Anant Raj Inds. Ltd. 4,092 BUY 139 178 28 0.4
Shipping
56 Great Eastern Shipping Company Ltd. 4,807 BUY 316 396 25 2.5
Miscellaneous
57 Essel Propack Ltd. 790 BUY 50 58 15 0.7
58 Finolex Cables Ltd. 963 BUY 63 85 35 1.0
59 Greenply Industries 477 BUY 216 291 35 0.7
60 Phillips Carbon Black Ltd. 759 BUY 228 270 18 2.2
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.
September 6, 2010 2