1. ANGEL TOP PICKS
India Research
Sensex: 17571 Nifty: 5263
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. 8,365 BUY 190 228 20 0.8
Automobiles
2 Maruti Suzuki India Ltd. 39,038 BUY 1,351 1,694 25 0.3
Auto Ancillary
3 Apollo Tyres Ltd. 3,248 BUY 64 93 44 0.7
4 Automotive Axles Ltd. 591 BUY 391 528 35 0.7
5 Ceat Ltd. 464 BUY 135 199 47 0.0
6 FAG Bearings India Ltd. 964 BUY 580 712 23 0.8
7 JK Tyre & Inds. Ltd. 684 BUY 167 242 45 1.6
8 Motherson Sumi Systems Ltd. 5,563 BUY 144 167 16 0.9
9 Subros Ltd. 278 BUY 46 61 31 1.1
Banking & Financial Services
10 Axis Bank Ltd. 49,239 BUY 1,209 1,459 21 1.2
11 ICICI Bank Ltd. 96,733 BUY 867 1,169 35 1.4
Capital Goods
12 Crompton Greaves Ltd. 16,204 BUY 253 307 22 0.8
13 Elecon Engineering Company Ltd. 757 BUY 82 102 25 1.8
14 Jyoti Structures Ltd. 1,256 BUY 153 215 40 0.6
15 KEC International Ltd. 2,403 BUY 467 698 49 1.3
16 Mcnally Bharat Engg. Company Ltd. 856 BUY 275 486 77 0.5
Cement
17 Grasim Industries Ltd. 16,172 BUY 1,764 2,216 26 1.7
18 India Cements Ltd. 3,479 BUY 113 138 22 1.8
19 JK Lakshmi Cement Ltd. 765 BUY 63 88 41 3.2
20 Madras Cements Ltd. 2,392 BUY 101 141 40 2.0
FMCG & Consumer Durables
21 KS Oils Ltd. 2,278 BUY 56 94 69 0.4
Hotels
22 Taj GVK Hotels & Resorts Ltd. 970 BUY 155 240 55 1.3
Infrastructure
23 IVRCL Infrastructures & Projects Ltd. 4,840 BUY 181 216 19 0.8
24 Jaiprakash Associates Ltd. 27,312 BUY 129 194 51 0.8
25 Madhucon Projects Ltd. 1,059 BUY 143 190 32 0.6
26 Patel Engineering Ltd. 2,926 BUY 419 563 34 0.4
27 Punj Lloyd Ltd. 4,113 BUY 124 170 37 0.2
28 Simplex Infrastructures Ltd. 2,328 BUY 471 586 25 0.4
Information Technology
29 3I Infotech Ltd. 1,217 BUY 63 129 103 2.4
30 Educomp Solutions Ltd. 4,921 BUY 516 734 42 0.5
31 Everonn Education Ltd. 636 BUY 421 602 43 0.0
32 Infotech Enterprises Ltd. 2,087 BUY 188 232 24 0.8
33 Mphasis Ltd. 12,354 BUY 589 872 48 0.6
34 NIIT Ltd. 1,074 BUY 65 83 28 2.2
35 Tata Consultancy Services Ltd. 152,986 BUY 782 921 18 2.6
36 Tech Mahindra Ltd. 9,076 BUY 735 1,168 59 0.5
37 Wipro Ltd. 60,249 BUY 410 474 16 1.0
Logistics
38 Gateway Distriparks Ltd. 1,270 BUY 118 160 36 3.0
Media
39 Cinemax India Ltd. 142 BUY 51 85 68 2.4
40 Deccan Chronicle Holdings Ltd. 3,035 BUY 125 193 55 1.6
41 HT Media Ltd. 3,595 BUY 153 182 19 0.2
42 Inox Leisure Ltd. 373 BUY 60 81 35 0.0
43 Jagran Prakashan Ltd. 3,766 BUY 125 160 28 1.6
44 PVR Ltd. 400 BUY 156 192 23 0.6
June 18, 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
45 Bhushan Steel Ltd. 5,823 BUY 1,371 1,979 44 0.2
46 Electrosteel Castings Ltd. 1,580 BUY 48 72 49 2.6
47 Godawari Power & Ispat Ltd. 598 BUY 213 309 45 1.2
48 Hindalco Industries Ltd. 27,803 BUY 145 208 43 0.9
49 Hindustan Zinc Ltd. 41,197 BUY 975 1,399 43 0.4
50 JSW Steel Ltd. 19,406 BUY 1,038 1,360 31 0.9
51 Sterlite Industries (India) Ltd. 57,034 BUY 170 245 44 2.5
52 Tata Steel Ltd. 42,089 BUY 474 697 47 3.4
Oil & Gas
53 GAIL (India) Ltd. 59,904 BUY 472 580 23 1.5
54 Gujarat State Petronet Ltd. 5,262 BUY 94 120 28 0.8
55 Reliance Industries Ltd. 345,135 BUY 1,055 1,260 19 0.6
Pharmaceuticals
56 Alembic Ltd. 595 BUY 45 52 17 1.1
57 Dishman Pharmaceuticals & Chemicals Ltd. 1,675 BUY 208 279 34 0.6
Power
58 CESC Ltd. 4,806 BUY 385 460 20 1.0
59 Gujarat Industries Power Company Ltd. 1,745 BUY 115 135 17 1.9
60 NTPC Ltd. 173,544 BUY 200 230 15 1.8
61 PTC India Ltd. 3,010 BUY 102 136 33 1.5
Real Estate
62 Anant Raj Inds. Ltd. 3,119 BUY 106 178 68 0.6
63 Housing Development & Infrastructure Ltd. 8,889 BUY 242 302 25 0.0
Shipping
64 ABG Shipyard Ltd. 1,308 BUY 257 327 27 0.8
65 Great Eastern Shipping Company Ltd. 4,547 BUY 299 396 33 2.7
Telecom
66 Bharti Airtel Ltd. 100,578 BUY 265 360 36 0.8
Miscellaneous
67 Bartronics India Ltd. 478 BUY 141 192 37 0.7
68 Essel Propack Ltd. 705 BUY 45 58 29 0.8
69 Finolex Cables Ltd. 736 BUY 48 91 89 0.4
70 Greenply Industries 416 BUY 188 291 55 0.8
71 Sintex Industries Ltd. 4,098 BUY 300 369 23 0.4
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
June 18, 2010 2