Based on forensic accounting model, corporate governance issues around promoter integrity, political connections and/or shabby
treatment of minority shareholders etc The following list of stocks pass Ambit Capital's investment grade
ONGC
ITC
NMDC
Tata Motors
Powergrid
SIEMENS
BPCL
RANBAXY
TTAN
Oracle Financial Services
Cadila healthcare
Glaxo smithkline
Coromandel International
BIOCON
JUBILANT FOODWORKS
Indian Hotels
GSFC
TTK Presitge
ARVND
Castrol India
Bosch
SJVN
Pidilite Industries
Eicher Motors
Bluedart
Guj Pipavav Port
Novartis India
SRF
Fag Bearings
Vardhman Textile
Gateway Distr.
Persistent Systems
