In the dynamic and ever-evolving landscape of the stock market, selecting the right shares is crucial for maximizing portfolio returns. As we approach 31 July investors are actively seeking high-growth, fundamentally strong stocks that can deliver sustainable performance amid inflationary pressure, geopolitical risks, and ongoing market rotations. Below, we provide a curated list of the best shares to buy now, backed by deep research, strong fundamentals, and promising outlooks.
Top Growth Stocks to Buy in 31 July
1. Reliance Industries Ltd (NSE: RELIANCE)
Sector: Conglomerate | CMP: ₹3,050
Reliance Industries continues to diversify its portfolio across energy, telecom (Jio), and retail (Reliance Retail). With recent expansion in green hydrogen, battery storage, and AI-driven cloud services, Reliance is poised to dominate both traditional and futuristic sectors. Its strong cash flow and dominant market share make it a compelling long-term buy.
Key Metrics:
- Market Cap: ₹20.5 Lakh Crores
- EPS Growth (YoY): 14.2%
- P/E Ratio: 27.5
- Dividend Yield: 0.34%
2. Tata Consultancy Services (NSE: TCS)
Sector: Information Technology | CMP: ₹4,015
TCS has demonstrated resilience amidst global tech layoffs, boasting solid client retention and expansion into AI, cloud, and cybersecurity. With strong USD inflows and a proven global delivery model, it remains a secure bet for tech exposure in India.
Key Metrics:
- Market Cap: ₹14.7 Lakh Crores
- ROE: 40.5%
- P/E Ratio: 30.1
- Strong Order Book: $12.4 Billion (Q4 FY25)
3. HDFC Bank Ltd (NSE: HDFCBANK)
Sector: Banking | CMP: ₹1,580
Post-merger with HDFC Ltd, the bank has become India’s largest private financial institution. With a diversified loan book, improving net interest margins, and strong asset quality, HDFC Bank is a pillar of stability and a great long-term financial pick.
Key Metrics:
- Market Cap: ₹12.4 Lakh Crores
- Net NPA: 0.33%
- CASA Ratio: 42%
- P/B Ratio: 2.9
4. Hindustan Unilever Ltd (NSE: HINDUNILVR)
Sector: FMCG | CMP: ₹2,560
In times of economic uncertainty, FMCG stocks like HUL provide consistent returns. With robust rural penetration, premium product segments, and cost-optimization strategies, HUL remains a consistent compounder.
Key Metrics:
- Market Cap: ₹6.0 Lakh Crores
- Dividend Yield: 1.3%
- ROCE: 74%
- Promoter Holding: 61.9%
Emerging Opportunities – Mid-Cap and Sector-Specific Stocks
5. Persistent Systems Ltd (NSE: PERSISTENT)
Sector: IT Services | CMP: ₹4,890
Persistent has emerged as a mid-cap powerhouse in cloud, AI, and digital transformation. With multiple Tier-1 client acquisitions and expanding margins, it offers exponential growth potential.
Key Metrics:
- 5-Year CAGR Revenue Growth: 20.4%
- ROE: 25.3%
- Debt-Free Company
- Increasing FIIs holding: 16.2%
6. Indian Hotels Company Ltd (NSE: INDHOTEL)
Sector: Hospitality | CMP: ₹610
A strong tourism revival, increase in Average Room Revenue (ARR), and aggressive Taj portfolio expansion put IHCL in a sweet spot. With consistent performance and asset-light growth, it’s a promising bet for 2025 and beyond.
Key Metrics:
- Occupancy Rate: 74%
- EBITDA Growth: 33.5%
- Debt-to-Equity: 0.29
- Net Profit FY25 (Q4): ₹465 Cr
7. Larsen & Toubro (NSE: LT)
Sector: Infrastructure & Engineering | CMP: ₹3,760
L&T continues to be a bellwether in India’s infrastructure push. With a robust order pipeline, international EPC projects, and strategic focus on digital infrastructure, L&T stands tall.
Key Metrics:
- Order Book: ₹5.2 Lakh Crores
- ROCE: 19.1%
- Operating Profit Margin: 13.8%
- Expansion into Green Hydrogen and Defence
High Dividend and Defensive Stocks
8. Coal India Ltd (NSE: COALINDIA)
Sector: Mining | CMP: ₹495
This PSU giant is rewarding shareholders handsomely with high dividend yields and robust financials. Despite the green transition, coal demand remains resilient in the short term, and CIL is capitalizing on operational efficiencies.
Key Metrics:
- Dividend Yield: 6.7%
- EPS: ₹42.1
- ROE: 58%
- P/E Ratio: 11.3
9. Power Grid Corporation of India (NSE: POWERGRID)
Sector: Power Transmission | CMP: ₹305
As India ramps up renewable energy, Power Grid is instrumental in grid modernization. The company’s consistent dividend, asset-heavy model, and government backing make it a stable long-term pick.
Key Metrics:
- Dividend Yield: 5.2%
- Debt-to-Equity: 1.4
- Net Profit FY25 (Q4): ₹4,265 Cr
- ROE: 20.2
Bonus Pick – Global Exposure
10. Infosys Ltd (NSE: INFY)
Sector: Information Technology | CMP: ₹1,480
Infosys is a global digital services leader with consistent performance, deep client relationships, and aggressive moves in GenAI. With global digital spending on the rise, Infosys offers excellent international exposure.
Key Metrics:
- Market Cap: ₹6.1 Lakh Crores
- Dividend Yield: 2.1%
- USD Revenue Share: 91%
- EPS Growth: 13.9% YoY
Key Investment Themes for 31July
a. AI and Cloud Domination
Tech companies involved in AI transformation, SaaS, and cloud-native services are enjoying premium valuations. Persistent Systems, Infosys, and TCS are top contenders.
b. Clean Energy & Infrastructure Boom
Reliance, L&T, and PowerGrid are aligned with India’s push for renewable energy and infrastructure modernization.
c. Banking Consolidation and Credit Growth
Post-COVID credit cycles and digital banking adoption support stocks like HDFC Bank and Kotak Mahindra Bank (honorable mention).
d. Defensive Stocks and Dividends
In volatile phases, high dividend-yield stocks like Coal India and Power Grid offer stability and income.
How to Choose the Right Shares
When investing in shares, always consider:
- Fundamental Strength (ROE, EPS, Debt Ratio)
- Growth Potential (Sectoral trends and innovation)
- Valuation Multiples (P/E, P/B, EV/EBITDA)
- Dividend History (If income generation is a goal)
- Institutional Holding Trends (Mutual Funds and FIIs inflow)
Final Thoughts
31 July presents unique opportunities across large-cap stability, mid-cap growth, and high-dividend plays. A diversified portfolio that taps into India’s digital transformation, clean energy revolution, and strong consumption story is the most strategic route to alpha generation this year.
Actively review your portfolio every quarter, monitor earnings, and be disciplined with your entry and exit points. Invest wisely, stay informed, and always align your decisions with long-term wealth creation.
Disclaimer
The information provided in this article titled “Best Shares to Buy Today – 31 July Insights” is intended solely for educational and informational purposes. The stock market is subject to market risks, and prices are volatile and can change without notice. The views, data, and recommendations shared here are based on public information and do not constitute financial advice or an offer to buy/sell any securities.
WristMart.in is not a SEBI-registered investment advisor. We do not guarantee the accuracy, completeness, or reliability of the content. Readers are strongly encouraged to conduct their own research or consult with a certified financial advisor before making any investment decisions.
WristMart.in and its team shall not be held responsible for any financial losses incurred as a result of decisions made based on this article.
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