Bull's Eye: Stocks to buy today

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Sudeep Bandyopadhyay of Convexity Solutions:

The first stock I would like to add to my portfolio will be Great Offshore . Currently it's trading at price of around Rs 368. I expect the stock to reach around Rs 450 in 1 year's time. The company is available at a very reasonable multiple compared to its peers. For FY12 its EPS is expected to be around Rs 70 and it's going to be great if someone acquires the stock at these levels now. Company's 4 new rigs are going to add about Rs 300 crore in revenues. Apart from that the offshore business is looking up due to increased activity. The company's reserves position is strong and they have lot of liquidity available to both for acquisition or some kind of expansion.

The second stock I would like to add to my portfolio is Godrej Industries . Currently it is quoting at a price of around Rs 180. I expect the stock to reach at around Rs 250 in about a year's time. Company's strength lies in the fact that it holds significant shares in 2 listed group entities, Godrej Properties and Godrej Consumer. Both the companies are doing exceedingly well and we will definitely benefit Godrej Inds in the coming year in a big way. Apart from this there are a lot of unlisted companies in which Godrej Inds has significant stake particularly the agrovet business, palm oil plantation business and Godrej Hershey all this are going to give significant positive returns to the company in the coming year and an investment at this stage is highly recommended.

I would like to retain Deepak Fertiliser and Shri Lakshmi Cotsyn in my portfolio. Stocks have been doing well and I would like the investor to remain invested the stocks.