3 Top Stocks Between Rs 300 and Rs 500 to Watch for Future Multibagger Potential: BHEL, Federal Bank and Oil India
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
BHEL Rs 434.60. Federal Bank Rs 338. Oil India Rs 445. Market caps from Rs 72,750 crore to Rs 1.51 lakh crore. Data as of 16 Oct 2026.
Quick Answer
BHEL, Federal Bank and Oil India are the 3 picks in this stocks between Rs 300 and Rs 500 watchlist, with market caps between Rs 72,750 crore and Rs 1.51 lakh crore. BHEL stands out for the fastest profit growth, 37.73% a year since FY22, while Federal Bank offers 7.00% revenue growth in FY26. PE ratios run from 7.63 to 52.56, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
Stocks between Rs 300 and Rs 500 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. BHEL, Federal Bank and Oil India meet that test, with market caps from Rs 72,750 crore to Rs 1.51 lakh crore and BHEL offering the fastest profit growth, 37.73% a year since FY22. Well-known companies priced between Rs 300 and Rs 500 are within easy reach of small investors.
This list covers companies with a share price between Rs 300 and Rs 500 at the latest close and complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening stocks between Rs 300 and Rs 500 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks Between Rs 300 and Rs 500 and Why Do They Attract Multibagger Interest?
Stocks between Rs 300 and Rs 500 are shares of companies whose price per share sits between Rs 300 and Rs 500. The share price alone says little about value, so investors look at the company’s size, profit growth and valuation instead.
Each business in this price range has its own growth story, and the per-share price simply shows how many shares an investor can buy. Companies with steady profit, healthy returns and strong balance sheets are the ones investors compare in stocks between Rs 300 and Rs 500.
Stocks Between Rs 300 and Rs 500 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 16 October 2026. Oil India has the lowest PE of the group at 7.63, while Federal Bank posts the highest return on equity at 12.60%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Bharat Heavy Electricals | 434.60 | 1,51,365 | 52.56 | 45.89 | 10.76% | 5.66 | 229.54 to 464.00 |
| Federal Bank | 338 | 83,333 | 15.47 | 11.94 | 12.60% | 2.02 | 211.52 to 371.70 |
| Oil India | 445 | 72,750 | 7.63 | 7.16 | 11.41% | 1.25 | 395.60 to 531.00 |
BHEL: 37.73% Profit CAGR Since FY22
Bharat Heavy Electricals is a government-owned maker of power generation, transmission, industrial and transportation equipment. It reported FY26 revenue of Rs 34,589.83 crore, up 20.08% year on year, and net profit of Rs 1,600.26 crore, up 199.73%. Net profit has compounded at 37.73% a year since FY22, while revenue has grown 12.54% a year. Operating margin was 10.18% in FY26. The debt-to-equity ratio is 0.23.
In the September 2026 quarter, revenue rose 24.28% to Rs 9,553.01 crore and net profit grew 118.98% to Rs 820.94 crore. The share price has gained 488.34% over five years and 86.13% over the past year. Domestic institutions raised their holding from 18.62% in September 2025 to 21.88% in September 2026. The stock trades at a PE of 52.56 against an industry PE of 45.89.
Federal Bank: 22.90% Profit CAGR Since FY22
Federal Bank is a Kerala-based private sector bank with a strong NRI deposit base and a growing retail, small business and digital franchise. It reported FY26 total income of Rs 34,272.42 crore, up 7.00% year on year, and net profit of Rs 4,483.38 crore, up 6.71%. Net profit has compounded at 22.90% a year since FY22, while total income has grown 20.05% a year.
The stock trades at a PE of 15.47 against an industry PE of 11.94, with a return on equity of 12.60%. In the September 2026 quarter, total income rose 19.01% to Rs 9,903.41 crore and net profit grew 53.42% to Rs 1,564.06 crore. The share price has gained 259.57% over five years and 57.58% over the past year. Domestic institutions raised their holding from 48.17% in June 2025 to 49.28% in June 2026.
Oil India: Quarterly Profit Up 96.77%
Oil India is a government-owned oil and gas exploration and production company with operations in Assam, Rajasthan and overseas blocks. It reported FY26 revenue of Rs 35,877.28 crore, up 4.97% year on year, and net profit of Rs 7,550.67 crore, up 7.26%. Revenue has compounded at 7.32% a year since FY22. Operating margin was 36.43% in FY26.
In the June 2026 quarter, revenue rose 46.98% to Rs 13,236.10 crore and net profit grew 96.77% to Rs 4,026.83 crore. The share price has gained 183.64% over five years. Domestic institutions raised their holding from 18.41% in June 2025 to 20.14% in June 2026. The stock trades at a PE of 7.63 against an industry PE of 7.16. The dividend yield is 2.57%.
Stocks Between Rs 300 and Rs 500: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks between Rs 300 and Rs 500. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| BHEL | 34,589.83 | 1,600.26 | 20.08% | 12.54% | 37.73% |
| Federal Bank | 34,272.42 | 4,483.38 | 7.00% | 20.05% | 22.90% |
| Oil India | 35,877.28 | 7,550.67 | 4.97% | 7.32% | 2.96% |
Check the Univest Screener for live data on these stocks between Rs 300 and Rs 500
Institutional Holding in BHEL, Federal Bank and Oil India
Institutional holding shows who is backing these stocks between Rs 300 and Rs 500 alongside the promoter. The table uses the latest reported quarter for each. Federal Bank has the deepest institutional backing, with FII and DII together holding 76.99% as of June 2026. Domestic institutions increased their holding over the past year in BHEL (from 18.62% to 21.88%), Federal Bank (from 48.17% to 49.28%) and Oil India (from 18.41% to 20.14%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| BHEL | 58.17% | 9.94% | 21.88% | 10.02% | September 2026 |
| Federal Bank | Nil | 27.71% | 49.28% | 23.01% | June 2026 |
| Oil India | 56.66% | 7.28% | 20.14% | 15.93% | June 2026 |
Risks to Weigh in Stocks Between Rs 300 and Rs 500
Being careful with stocks between Rs 300 and Rs 500 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- A share price in a given range does not say whether a stock is fairly valued.
- Compare valuation with growth before investing.
- Valuation: Federal Bank trades at a PE of 15.47 against an industry PE of 11.94, so earnings need to keep growing to support the price.
- Concentration: Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks Between Rs 300 and Rs 500
Picking from stocks between Rs 300 and Rs 500 comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (7.16 to 45.89) and ask whether the growth rate justifies any gap.
- Track quarterly profit growth, the PE ratio and the return on equity in every result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among stocks between Rs 300 and Rs 500, BHEL stands out for the fastest profit growth, 37.73% a year since FY22, Federal Bank for 7.00% revenue growth in FY26 and Oil India for the lowest PE of the group at 7.63. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing stocks between Rs 300 and Rs 500 should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Stocks Between Rs 300 and Rs 500 to Watch
Which are the best stocks between Rs 300 and Rs 500 to watch for multibagger potential?
Ans. BHEL, Federal Bank and Oil India are the 3 names this list highlights, with market caps of Rs 1,51,365 crore, Rs 83,333 crore and Rs 72,750 crore respectively. BHEL is notable for the fastest profit growth, 37.73% a year since FY22. Federal Bank stands out for 7.00% revenue growth in FY26. Oil India offers the lowest PE of the group at 7.63. These are watchlist names for stocks between Rs 300 and Rs 500, not recommendations, so match each one to your own risk profile and time horizon.
Is Federal Bank a good stock for long-term investors?
Ans. Federal Bank has a return on equity of 12.60%, a PE of 15.47 against an industry PE of 11.94 and a market cap of Rs 83,333 crore. Net profit has compounded at 22.90% a year since FY22, and FY26 revenue rose 7.00% while September 2026 quarter net profit grew 53.42%. Long-term returns in stocks between Rs 300 and Rs 500 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can BHEL become a multibagger from here?
Ans. BHEL has already gained 488.34% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks between Rs 300 and Rs 500 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.73% a year since FY22, and FY26 revenue rose 20.08%. At a PE of 52.56 against an industry PE of 45.89, valuation should be checked against that growth before investing.
What is the market cap of BHEL, Federal Bank and Oil India?
Ans. As of 16 October 2026, BHEL has a market cap of Rs 1,51,365 crore, Federal Bank has a market cap of Rs 83,333 crore and Oil India has a market cap of Rs 72,750 crore. BHEL is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks between Rs 300 and Rs 500.
What are the risks of investing in stocks between Rs 300 and Rs 500?
Ans. The main risks are treating the share price as a sign of value, cyclical earnings and market swings. Companies with steady profit growth and strong balance sheets handle these better. Federal Bank trades at a PE of 15.47 against an industry PE of 11.94, so earnings growth needs to hold up.
Why is Federal Bank trading at a PE of 15.47?
Ans. Federal Bank’s PE of 15.47 compares with an industry PE of 11.94. The market is paying a premium for profit growth of 22.90% a year since FY22 and latest-quarter profit growth of 53.42%, which also means the stock is more sensitive if growth slows. Investors in stocks between Rs 300 and Rs 500 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in BHEL, Federal Bank and Oil India?
Ans. As of the latest reported quarter, FII and DII together hold 31.82% of BHEL (9.94% and 21.88%), 76.99% of Federal Bank (27.71% and 49.28%) and 27.42% of Oil India (7.28% and 20.14%). Rising institutional holding is a useful signal in stocks between Rs 300 and Rs 500, though it should be read with earnings trends rather than on its own.
