1. ANGEL TOP PICKS
India Research
Sensex: 19906 Nifty: 5980
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. 8,260 BUY 187 228 22 1.1
Automobiles
2 Tata Motors Ltd. 53,484 BUY 1,056 1,214 15 1.4
Auto Ancillaries
3 Automotive Axles Ltd. 747 BUY 495 578 17 0.6
4 Ceat Ltd. 605 BUY 177 225 27 2.3
5 JK Tyre & Inds. Ltd. 784 BUY 191 237 24 1.8
6 Subros Ltd. 302 BUY 50 60 19 1.4
Banking & Financial Services
7 ICICI Bank Ltd. 129,486 BUY 1,128 1,350 20 1.1
Capital Goods
8 Elecon Engineering Company Ltd. 859 BUY 93 107 16 1.6
9 Graphite India Ltd. 1,947 BUY 100 117 17 3.5
10 Jyoti Structures Ltd. 1,139 BUY 139 215 55 0.7
11 KEC International Ltd. 2,682 BUY 522 648 24 1.2
12 Lakshmi Machine Works 3021 BUY 2442 2819 15 0.6
13 Mcnally Bharat Engg. Company Ltd. 899 BUY 289 406 40 0.4
Cement
14 India Cements Ltd. 3,678 BUY 120 139 16 1.7
15 JK Lakshmi Cement Ltd. 776 BUY 63 92 45 3.9
16 Kesoram Industries Ltd. 1,370 BUY 317 437 38 1.8
17 Madras Cements Ltd. 2,797 BUY 118 139 18 1.7
Hotels
18 Asian Hotels Ltd. 349 BUY 306 387 27 0.8
19 Taj GVK Hotels & Resorts Ltd. 1,012 BUY 161 240 49 1.2
Infrastructure
20 IVRCL Infrastructures & Projects Ltd. 4,263 BUY 160 216 35 0.5
21 Jaiprakash Associates Ltd. 26,538 BUY 125 174 39 0.7
22 Nagarjuna Construction Company Ltd. 4,107 BUY 160 201 26 0.8
23 Patel Engineering Ltd. 2,739 BUY 392 565 44 0.5
24 Punj Lloyd Ltd. 4,002 BUY 121 156 29 0.1
25 Simplex Infrastructures Ltd. 2,373 BUY 480 573 19 0.4
Information Technology
26 3I Infotech Ltd. 1,182 BUY 62 100 62 2.4
27 Educomp Solutions Ltd. 5,734 BUY 601 734 22 0.4
28 Mphasis Ltd. 13,459 BUY 641 872 36 0.5
29 Tech Mahindra Ltd. 8,970 BUY 720 950 32 0.5
Logistics
30 Allcargo Global Logistics Ltd. 2,168 BUY 166 195 17 0.6
September 20, 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
31 Deccan Chronicle Holdings Ltd. 3,355 BUY 138 193 40 2.2
32 HT Media Ltd. 3,528 BUY 150 186 24 0.2
33 Jagran Prakashan Ltd. 3,823 BUY 127 160 21 2.8
34 PVR Ltd. 470 BUY 183 226 23 0.5
Metals
35 Electrosteel Castings Ltd. 1,626 BUY 50 72 45 2.5
36 Godawari Power & Ispat Ltd. 611 BUY 218 313 44 1.1
37 Prakash Industries Ltd. 2,116 BUY 170 232 37 0.0
38 Sterlite Industries (India) Ltd. 57,601 BUY 171 228 33 2.5
Oil & Gas
39 Reliance Industries Ltd. 340,166 BUY 1,040 1,260 21 0.6
40 Shiv-Vani Oil & Gas Exploration Services Ltd. 2,140 BUY 462 539 17 0.2
Pharmaceuticals
41 Alembic Ltd. 829 BUY 62 74 19 0.8
42 Dishman Pharmaceuticals & Chemicals Ltd. 1,480 BUY 183 279 52 0.7
43 Indoco Remedies Ltd. 523 BUY 426 541 27 1.6
Real Estate
44 Anant Raj Inds. Ltd. 4,122 BUY 140 178 27 0.4
Shipping
45 Great Eastern Shipping Company Ltd. 4,780 BUY 314 396 26 2.5
Miscellaneous
46 Essel Propack Ltd. 781 BUY 50 58 16 0.7
47 Finolex Cables Ltd. 904 BUY 59 85 44 1.0
48 Greenply Industries 439 BUY 199 291 46 0.8
49 Phillips Carbon Black Ltd. 764 BUY 230 270 17 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 20, 2010 2