10 Best Stocks to Buy Today in India (2026) — Expert Picks

2026-08-03 · Stocks · 8 min read

HDFC Bank — Best Banking Stock

India's most valuable bank with consistent double-digit growth and strong retail franchise. After the merger with HDFC Ltd, the combined entity has over ₹18 lakh crore in assets. HDFC Bank's P/E of 18.5x is attractive compared to its historical average of 22x. The bank has added 500+ branches in the last year, expanding its reach to semi-urban and rural areas.

Key strengths: best-in-class asset quality (GNPA 1.2%), strong retail deposit franchise (60% CASA ratio), and robust fee income growth. HDFC Bank's digital initiatives — PayZapp, SmartHub, and HDFC Bank Mobile Banking app with 50M+ users — position it well for India's digital banking revolution.

For investors looking to buy HDFC Bank shares, you can open a demat account with Zerodha, Groww, or Angel One and start investing with just ₹500.

Reliance Industries — Diversified Conglomerate

Reliance has transformed from an oil refining company to India's most valuable conglomerate with businesses spanning telecom (Jio), retail, and now green energy. Jio has 480M+ subscribers and is the largest telecom operator in India. Reliance Retail operates 18,000+ stores across the country with ₹2.5 lakh crore in revenue.

The new energy business — solar manufacturing, green hydrogen, and battery storage — is a ₹75,000 crore investment that could be the next growth engine. Reliance's Ebitda has grown at 15% CAGR over the past 5 years, demonstrating its ability to generate consistent cash flows across cycles.

ITC — FMCG Transformation Story

ITC has successfully diversified from cigarettes into a multi-business conglomerate with FMCG, Hotels, Paperboards, and Agri businesses. The demerger of ITC Hotels is expected to unlock significant shareholder value — the hotel business alone could be valued at ₹50,000-70,000 crore.

FMCG brands like Aashirvaad (wheat flour, spices), Sunfeast (biscuits), Bingo (snacks), and Classmate (stationery) are household names. ITC's rural distribution network of 6M+ outlets is one of the strongest in India. The stock offers a dividend yield of 3.5%, making it attractive for income-focused investors.

Tata Consultancy Services (TCS) — IT Services Leader

TCS is India's largest IT services company with $25B+ in annual revenue and a market cap of ₹15 lakh crore. The company is at the forefront of digital transformation — cloud computing, AI/ML, and cybersecurity — which account for 60%+ of its revenue. TCS has the highest profit margins in the IT services industry at 24%+.

Key advantages: large talent pool of 600,000+ employees, deep client relationships with top Fortune 500 companies, and a strong balance sheet with $5B+ in cash reserves. TCS has consistently returned 80%+ of profits to shareholders through dividends and buybacks.

ICICI Bank — Turnaround to Strength

ICICI Bank has staged an impressive turnaround with asset quality improving from GNPA of 8.5% in FY18 to just 2.2% now. The retail loan book is growing at 18% CAGR, driven by home loans, auto loans, and credit cards. Digital banking platform iMobile Pay has 25M+ users, making it one of the most downloaded banking apps in India.

Return on Equity (ROE) of 16%+ and Return on Assets (ROA) of 1.8% are among the best in Indian banking. Subsidiaries like ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities add substantial value.

FAQs About Stock Investing

Which is the best stock to buy today?

HDFC Bank offers the best risk-reward ratio among large-cap stocks given its reasonable valuation and strong fundamentals. However, all 5 stocks mentioned above are strong long-term investments.

What is the minimum amount to invest in stocks?

You can start investing with as little as ₹500. Many Indian brokers offer small-ticket investments without minimum balance requirements.

How do I buy these stocks?

Open a demat and trading account with Zerodha, Groww, or Angel One. Complete KYC verification, add funds via UPI/NEFT, and place a buy order.

Should I invest lump sum or SIP in stocks?

For lump sum amounts, deploy during market corrections (10-15% dip). For regular monthly savings, use SIP to average your purchase cost over time.

Is it too late to invest in these stocks?

No. Indian stock market has strong long-term growth potential driven by demographic dividend, digital transformation, and infrastructure development. Consistent investing over 5-10 year periods has historically generated attractive returns.

Disclaimer: This article is for educational purposes only and does not constitute investment advice. Consult a financial advisor before making investment decisions.

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