~ Reliance Industries (Perennially evergreen company)
~ Reliance Petroleum (Largest refinery with very high Nelson complexity index that will lead to highest gross refining margins, GRMs)
~ Gujarat NRE Coke (integration from coking coal to coke)
~ Tata Steel (formerly Tisco; lowest cost producer of steel plus large value addition through Corus acquisition)
~ Hindalco (lowest cost producer of aluminium plus large value addition through Novelis Fusion Technology)
~ Sterlite Industries (commodity powerhouse at a time when globally commodities are in a super cycle)
~ Sesa Goa (largest reserves of iron ore in private sector)
I am including many stocks in this sector since global commodities will be on the upswing for the next 5 years.
Telecom
~ RCom (marketing aggressiveness plus financial engineering plus political acumen)
Auto
~ Tata Motors (from world's cheapest car to luxury Jaguar to SUV Landrover to trucks -- will be in global top five in 5 years)
Finance
~ ICICI Bank (proactive, aggressive fund raising and lending taking full advantage of slow decision making at PSU banks)
~ Reliance Capital (straddling all areas of non-banking financial services)
Infrastructure
~ L&T (another evergreen company -- value unlocking through listing of subsidiaries, very strong core business)
~ Patel Engineering (strong position in high margin high technology construction sector, real estate development)
Pharma
~ Glenmark (innovator, outlicensor of drugs in fast growing therapeutic areas like lifestyle diseases)
~ Cipla (innovator copier -- low cost supplier of essential medicines people can't do without)
Realty
~ DLF (proxy for the Indian real estate sector)
~ Unitech (number 2 and tries harder than number 1)
~ Sobha Developers (fully integrated real estate contractor who graduated to property developer status)
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