1. ANGEL TOP PICKS
India Research
Sensex: 17955 Nifty: 5393
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. 7,714 BUY 175 228 30 0.9
Automobiles
2 Mahindra & Mahindra Ltd. 34,943 BUY 604 704 17 1.6
3 Maruti Suzuki India Ltd. 39,857 BUY 1,380 1,685 22 0.3
Auto Ancillary
4 Apollo Tyres Ltd. 3,261 BUY 65 87 34 1.2
5 Automotive Axles Ltd. 690 BUY 457 528 16 0.6
6 Ceat Ltd. 467 BUY 136 165 21 2.9
7 FAG Bearings India Ltd. 1,019 BUY 613 712 16 0.7
8 JK Tyre & Inds. Ltd. 686 BUY 167 237 42 1.6
9 Subros Ltd. 288 BUY 48 60 25 1.0
Banking & Financial Services
10 Dena Bank Ltd 2,788 BUY 97 115 18 2.4
11 ICICI Bank Ltd. 100,678 BUY 902 1,145 27 1.3
Capital Goods
12 Graphite India Ltd. 1,870 BUY 102 117 15 3.4
13 Jyoti Structures Ltd. 1,324 BUY 161 215 33 0.6
14 KEC International Ltd. 2,539 BUY 494 648 31 1.3
15 Mcnally Bharat Engg. Company Ltd. 929 BUY 299 486 63 0.4
Cement
16 Grasim Industries Ltd. 16,814 BUY 1,834 2,216 21 1.6
17 India Cements Ltd. 3,317 BUY 108 138 28 1.9
18 JK Lakshmi Cement Ltd. 787 BUY 64 88 37 3.9
19 Kesoram Industries Ltd. 1,370 BUY 300 437 46 1.8
20 Madras Cements Ltd. 2,425 BUY 102 141 38 2.0
21 Ultratech Cement Ltd. 10,525 BUY 845 1,084 28 0.7
Hotels
22 Taj GVK Hotels & Resorts Ltd. 1,014 BUY 162 240 48 1.2
Infrastructure
23 Jaiprakash Associates Ltd. 27,726 BUY 131 178 36 0.7
24 Madhucon Projects Ltd. 1,183 BUY 160 190 19 0.5
25 Patel Engineering Ltd. 2,850 BUY 408 563 38 0.4
26 Punj Lloyd Ltd. 4,573 BUY 138 170 23 0.2
27 Simplex Infrastructures Ltd. 2,433 BUY 492 570 16 0.4
Information Technology
28 3I Infotech Ltd. 1,263 BUY 66 129 96 2.3
29 Educomp Solutions Ltd. 6,009 BUY 630 734 17 0.4
30 Mphasis Ltd. 12,953 BUY 617 872 41 0.6
31 NIIT Ltd. 1,185 BUY 72 83 16 2.0
32 Tech Mahindra Ltd. 9,551 BUY 770 1,168 52 0.5
33 Wipro Ltd. 98,534 BUY 402 475 18 1.5
Logistics
34 Gateway Distriparks Ltd. 1,246 BUY 115 150 30 3.1
Media
35 Deccan Chronicle Holdings Ltd. 3,446 BUY 142 193 36 1.4
36 HT Media Ltd. 3,620 BUY 154 182 18 0.2
37 Jagran Prakashan Ltd. 3,710 BUY 123 160 30 1.6
38 PVR Ltd. 391 BUY 153 192 26 0.7
July 16, 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
39 Bhushan Steel Ltd. 6,457 BUY 1,520 1,979 30 0.2
40 Electrosteel Castings Ltd. 1,529 BUY 47 72 54 2.7
41 Godawari Power & Ispat Ltd. 658 BUY 234 322 37 1.1
42 Hindalco Industries Ltd. 28,731 BUY 150 208 39 0.9
43 Hindustan Zinc Ltd. 41,207 BUY 975 1,399 43 0.6
44 JSW Steel Ltd. 20,590 BUY 1,101 1,360 24 0.9
45 Monnet Ispat & Energy Ltd. 2,423 BUY 464 534 15 1.1
46 Prakash Industries Ltd. 2,383 BUY 191 232 21 0.0
47 Sterlite Industries (India) Ltd. 55,836 BUY 166 245 48 2.6
48 Tata Steel Ltd. 45,177 BUY 509 697 37 1.6
Oil & Gas
49 GAIL (India) Ltd. 56,035 BUY 442 580 31 1.6
50 Gujarat State Petronet Ltd. 5,684 BUY 101 120 19 0.7
51 Reliance Industries Ltd. 347,661 BUY 1,063 1,260 19 0.6
Pharmaceuticals
52 Alembic Ltd. 762 BUY 57 74 30 0.9
53 Dishman Pharmaceuticals & Chemicals Ltd. 1,737 BUY 215 311 44 0.6
Power
54 Gujarat Industries Power Company Ltd. 1,776 BUY 117 135 15 1.9
55 NTPC Ltd. 163,466 BUY 198 230 16 1.8
56 PTC India Ltd. 3,090 BUY 105 136 30 1.5
Real Estate
57 Anant Raj Inds. Ltd. 3,628 BUY 123 178 45 0.5
58 Housing Development & Infrastructure Ltd. 9,674 BUY 264 302 15 0.0
Shipping
59 ABG Shipyard Ltd. 1,308 BUY 257 327 27 0.8
60 Great Eastern Shipping Company Ltd. 4,448 BUY 292 396 36 2.7
Telecom
61 Bharti Airtel Ltd. 113,432 BUY 299 360 21 0.7
Miscellaneous
62 Bartronics India Ltd. 509 BUY 149 192 28 0.7
63 Finolex Cables Ltd. 860 BUY 56 91 62 0.4
64 Greenply Industries 421 BUY 191 291 53 0.8
65 Polyplex Corporation Ltd. 466 BUY 292 418 43 2.4
66 Spicejet Ltd. 2,169 BUY 56 65 15 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
July 16, 2010 2