1. ANGEL TOP PICKS
India Research
Sensex: 18800 Nifty: 5640
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. 8,146 BUY 185 228 23 1.1
Automobiles
2 Mahindra & Mahindra Ltd. 37,938 BUY 655 772 18 1.5
3 Tata Motors Ltd. 51,423 BUY 1,016 1,214 20 1.5
Auto Ancillaries
4 Automotive Axles Ltd. 731 BUY 484 578 19 0.6
5 Ceat Ltd. 609 BUY 178 225 27 2.3
6 JK Tyre & Inds. Ltd. 786 BUY 191 237 24 1.8
Banking & Financial Services
7 Axis Bank Ltd. 56,315 BUY 1,379 1,688 22 0.9
8 ICICI Bank Ltd. 120,573 BUY 1,051 1,211 15 1.1
Capital Goods
9 Graphite India Ltd. 1,876 BUY 96 117 22 3.6
10 Jyoti Structures Ltd. 1,143 BUY 139 215 54 0.7
11 KEC International Ltd. 2,681 BUY 521 648 24 1.2
12 Mcnally Bharat Engg. Company Ltd. 910 BUY 293 406 39 0.4
Cement
13 India Cements Ltd. 3,433 BUY 112 139 24 1.8
14 JK Lakshmi Cement Ltd. 778 BUY 64 92 45 3.9
15 Kesoram Industries Ltd. 1,370 BUY 320 437 37 1.8
16 Madras Cements Ltd. 2,683 BUY 113 139 23 1.8
Hotels
17 Taj GVK Hotels & Resorts Ltd. 1,012 BUY 161 240 49 1.2
Infrastructure
18 IVRCL Infrastructures & Projects Ltd. 4,323 BUY 162 216 33 0.5
19 Jaiprakash Associates Ltd. 25,390 BUY 119 174 46 0.8
20 Madhucon Projects Ltd. 1,121 BUY 152 174 15 0.5
21 Nagarjuna Construction Company Ltd. 4,103 BUY 160 201 26 0.8
22 Patel Engineering Ltd. 2,793 BUY 400 565 41 0.5
23 Punj Lloyd Ltd. 3,738 BUY 113 156 39 0.1
24 Simplex Infrastructures Ltd. 2,468 BUY 499 573 15 0.4
Information Technology
25 3I Infotech Ltd. 1,177 BUY 61 100 63 2.4
26 Educomp Solutions Ltd. 5,436 BUY 569 734 29 0.4
27 Mphasis Ltd. 13,541 BUY 645 872 35 0.5
28 NIIT Ltd. 1,112 BUY 67 83 23 2.1
29 Tech Mahindra Ltd. 8,846 BUY 710 950 34 0.5
30 Wipro Ltd. 99,962 BUY 408 470 15 1.5
Logistics
31 Allcargo Global Logistics Ltd. 2,101 BUY 161 195 21 0.6
September 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
Media
32 Deccan Chronicle Holdings Ltd. 3,227 BUY 133 193 46 2.3
33 PVR Ltd. 465 BUY 181 226 25 0.6
Metals
34 Electrosteel Castings Ltd. 1,684 BUY 52 72 40 2.4
35 Godawari Power & Ispat Ltd. 617 BUY 220 313 42 1.1
36 Prakash Industries Ltd. 2,010 BUY 161 232 44 0.0
37 Sterlite Industries (India) Ltd. 55,635 BUY 166 228 38 2.6
38 Tata Steel Ltd. 53,519 BUY 593 702 18 1.3
Oil & Gas
39 GAIL (India) Ltd. 58,553 BUY 462 534 16 1.6
40 Reliance Industries Ltd. 313,419 BUY 958 1,260 32 0.7
41 Shiv-Vani Oil & Gas Exploration Services Ltd. 2,056 BUY 443 539 22 0.2
Pharmaceuticals
42 Alembic Ltd. 859 BUY 64 74 15 0.8
43 Cadila Healthcare Ltd. 12,590 BUY 615 714 16 1.2
44 Cipla Ltd. 24,606 BUY 306 360 17 0.7
45 Dishman Pharmaceuticals & Chemicals Ltd. 1,600 BUY 198 279 41 0.6
46 Indoco Remedies Ltd. 520 BUY 424 541 28 1.7
Power
47 CESC Ltd. 4,995 BUY 400 470 18 1.0
Real Estate
48 Anant Raj Inds. Ltd. 4,164 BUY 141 178 26 0.4
Shipping
49 Great Eastern Shipping Company Ltd. 4,786 BUY 314 396 26 2.5
Miscellaneous
50 Essel Propack Ltd. 790 BUY 50 58 15 0.7
51 Finolex Cables Ltd. 924 BUY 60 85 41 1.0
52 Greenply Industries 462 BUY 209 291 39 0.7
53 Phillips Carbon Black Ltd. 775 BUY 233 270 16 2.1
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 9, 2010 2