1. ANGEL TOP PICKS
India Research
Sensex: 17461 Nifty: 5237
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. 8,011 BUY 182 228 25 0.8
Automobiles
2 Mahindra & Mahindra Ltd. 34,839 BUY 602 704 17 1.7
3 Maruti Suzuki India Ltd. 40,689 BUY 1,408 1,685 20 0.2
4 Tata Motors Ltd. 38,839 BUY 767 907 18 0.8
Auto Ancillary
5 Apollo Tyres Ltd. 3,246 BUY 64 93 44 1.2
6 Automotive Axles Ltd. 631 BUY 418 528 26 0.7
7 Ceat Ltd. 454 BUY 133 199 50 0.0
8 FAG Bearings India Ltd. 940 BUY 565 712 26 0.8
9 JK Tyre & Inds. Ltd. 648 BUY 158 242 53 1.7
10 Subros Ltd. 282 BUY 47 61 30 1.1
Banking & Financial Services
11 Axis Bank Ltd. 50,399 BUY 1,237 1,466 19 1.0
12 Dena Bank Ltd. 2,637 BUY 92 115 25 2.5
13 HDFC Bank Ltd. 87,935 BUY 1,913 2,204 15 0.6
14 ICICI Bank Ltd. 93,710 BUY 840 1,145 36 1.4
15 Oriental Bank of Commerce Ltd. 8,027 BUY 320 367 15 2.8
Capital Goods
16 Crompton Greaves Ltd. 16,185 BUY 252 307 22 0.5
17 Elecon Engineering Company Ltd. 826 BUY 89 102 15 1.7
18 Graphite India Ltd. 1,715 BUY 99 117 19 3.4
19 Jyoti Structures Ltd. 1,237 BUY 151 215 43 0.6
20 KEC International Ltd. 2,433 BUY 473 698 48 1.3
21 Mcnally Bharat Engg. Company Ltd. 884 BUY 284 486 71 0.4
Cement
22 Grasim Industries Ltd. 16,734 BUY 1,825 2,216 21 1.6
23 India Cements Ltd. 3,276 BUY 107 138 29 1.9
24 JK Lakshmi Cement Ltd. 818 BUY 67 88 32 3.7
25 Madras Cements Ltd. 2,359 BUY 99 141 42 2.0
26 Ultratech Cement Ltd. 10,787 BUY 867 1,084 25 0.6
FMCG & Consumer Durables
27 KS Oils Ltd. 2,360 BUY 58 94 63 0.3
Hotels
28 Taj GVK Hotels & Resorts Ltd. 1,037 BUY 165 240 45 1.2
Infrastructure
29 IVRCL Infrastructures & Projects Ltd. 4,974 BUY 186 216 16 0.8
30 Jaiprakash Associates Ltd. 27,078 BUY 127 194 52 0.8
31 Madhucon Projects Ltd. 1,080 BUY 146 190 30 0.5
32 Patel Engineering Ltd. 2,891 BUY 414 563 36 0.4
33 Punj Lloyd Ltd. 4,432 BUY 133 170 27 0.2
34 Simplex Infrastructures Ltd. 2,319 BUY 469 586 25 0.4
Information Technology
35 3I Infotech Ltd. 1,211 BUY 63 129 104 2.4
36 Educomp Solutions Ltd. 5,024 BUY 526 734 39 0.5
37 Everonn Education Ltd. 686 BUY 454 602 33 0.0
38 HCL Technologies Ltd. 23,941 BUY 353 420 19 2.0
39 Mphasis Ltd. 12,501 BUY 596 872 46 0.6
40 NIIT Ltd. 1,083 BUY 66 83 27 2.1
41 Tata Consultancy Services Ltd. 145,519 BUY 744 921 24 2.7
42 Tech Mahindra Ltd. 9,090 BUY 733 1,168 59 0.5
43 Wipro Ltd. 94,584 BUY 386 474 23 1.0
Logistics
44 Gateway Distriparks Ltd. 1,231 BUY 114 160 40 3.1
July 2, 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
45 Cinemax India Ltd. 149 BUY 53 85 59 2.2
46 Deccan Chronicle Holdings Ltd. 2,980 BUY 122 193 58 1.6
47 HT Media Ltd. 3,445 BUY 147 182 24 0.2
48 Inox Leisure Ltd. 386 BUY 62 81 30 0.0
49 Jagran Prakashan Ltd. 3,700 BUY 123 160 30 1.6
50 PVR Ltd. 396 BUY 154 192 24 0.6
51 Sun T V Network Ltd. 16,963 BUY 430 497 15 0.6
Metals
52 Bhushan Steel Ltd. 6,012 BUY 1,415 1,979 40 0.2
53 Electrosteel Castings Ltd. 1,590 BUY 49 72 48 2.6
54 Godawari Power & Ispat Ltd. 640 BUY 228 309 36 1.1
55 Hindalco Industries Ltd. 27,573 BUY 144 208 44 0.9
56 Hindustan Zinc Ltd. 39,748 BUY 941 1,399 49 0.4
57 JSW Steel Ltd. 19,228 BUY 1,028 1,360 32 0.9
58 Sterlite Industries (India) Ltd. 54,004 BUY 161 245 53 2.7
59 Tata Steel Ltd. 42,125 BUY 475 697 47 3.4
Oil & Gas
60 GAIL (India) Ltd. 58,502 BUY 461 580 26 1.5
61 Gujarat State Petronet Ltd. 5,659 BUY 101 120 19 0.7
62 Reliance Industries Ltd. 349,459 BUY 1,068 1,260 18 0.6
Pharmaceuticals
63 Dishman Pharmaceuticals & Chemicals Ltd. 1,712 BUY 212 279 32 0.6
Power
64 CESC Ltd. 4,684 BUY 375 460 23 1.1
65 Gujarat Industries Power Company Ltd. 1,742 BUY 115 135 17 1.9
66 PTC India Ltd. 2,950 BUY 100 136 36 1.5
Real Estate
67 Anant Raj Inds. Ltd. 3,509 BUY 119 178 50 0.5
68 Housing Development & Infrastructure Ltd. 8,830 BUY 241 302 25 0.0
Shipping
69 ABG Shipyard Ltd. 1,316 BUY 259 327 26 0.8
70 Great Eastern Shipping Company Ltd. 4,422 BUY 290 396 36 2.8
Telecom
71 Bharti Airtel Ltd. 100,578 BUY 265 360 36 0.8
Miscellaneous
72 Bartronics India Ltd. 482 BUY 141 192 36 0.7
73 Essel Propack Ltd. 720 BUY 46 58 26 0.8
74 Finolex Cables Ltd. 776 BUY 51 91 79 0.4
75 Greenply Industries 419 BUY 190 291 54 0.8
76 Sintex Industries Ltd. 4,301 BUY 315 369 17 0.4
77 Spicejet Ltd. 1,862 BUY 57 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 2, 2010 2