4 Largecap Stocks Under Rs 2,000 to Watch for Future Multibagger Potential: SBI, Nestle India, Varun Beverages and CG Power
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
SBI Rs 958.60. Nestle India Rs 1,175. Varun Beverages Rs 395.10. CG Power Rs 813.35. Market caps from Rs 1.28 lakh crore to Rs 8.70 lakh crore. Data as of 23 Oct 2026.
Quick Answer
SBI, Nestle India, Varun Beverages and CG Power are the 4 picks in this stocks under Rs 2,000 watchlist, with market caps between Rs 1.28 lakh crore and Rs 8.70 lakh crore. SBI stands out for the lowest PE of the group at 9.70, while Nestle India offers the highest return on equity at 67.85%. PE ratios run from 9.70 to 103.46, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Stocks under Rs 2,000 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SBI, Nestle India, Varun Beverages and CG Power meet that test, with market caps from Rs 1.28 lakh crore to Rs 8.70 lakh crore and SBI offering the lowest PE of the group at 9.70. Each of these companies has a share price below Rs 2,000 and a return on equity above 12 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a share price below Rs 2,000 and a return on equity above 12 per cent, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks under Rs 2,000 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks Under Rs 2,000 and Why Do They Attract Multibagger Interest?
Stocks under Rs 2,000 are shares of large companies that trade below Rs 2,000 each, which keeps the entry ticket within reach. The four here cover public sector banking, packaged foods, beverages and electrical equipment.
Share price is only the entry ticket, so judge each company on growth and returns. For stocks under Rs 2,000, both FY26 and the latest quarter showed growth. Investors researching stocks under Rs 2,000 get a fuller picture by reading growth and valuation together. The table below lines up stocks under Rs 2,000 on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use stocks under Rs 2,000 as a starting point for your own research.
Stocks Under Rs 2,000 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 23 October 2026. SBI has the lowest PE of the group at 9.70, while Nestle India posts the highest return on equity at 67.85%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| State Bank of India | 958.60 | 8,70,403 | 9.70 | 12.05 | 14.29% | 1.48 | 877.05 to 1,234.70 |
| Nestle India | 1,175 | 2,63,566 | 69.17 | 34.68 | 67.85% | 51.11 | 1,159.40 to 1,553.00 |
| Varun Beverages | 395.10 | 1,47,314 | 43.21 | 34.68 | 15.51% | 7.52 | 381.00 to 555.80 |
| CG Power and Industrial Solutions | 813.35 | 1,28,282 | 103.46 | 45.89 | 15.13% | 16.10 | 525.50 to 980.90 |
SBI: 23.72% Profit CAGR Since FY22
State Bank of India is the country’s largest lender, with a branch network that reaches every part of India. It reported FY26 total income of Rs 7,12,643.53 crore, up 7.43% year on year, and net profit of Rs 85,168.47 crore, up 7.78%. Net profit has compounded at 23.72% a year since FY22, while total income has grown 15.03% a year.
In the June 2026 quarter, total income rose 7.83% to Rs 1,80,061.86 crore and net profit grew 13.65% to Rs 24,579.04 crore. The share price has gained 92.86% over five years. Foreign investors raised their holding from 9.98% in July 2025 to 10.81% in June 2026. The stock trades at a PE of 9.70 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.84%.
Nestle India: Return on Equity of 67.85%
Nestle India makes Maggi, KitKat, Nescafe and other packaged foods and beverages. It reported FY26 revenue of Rs 23,194.95 crore, up 14.48% year on year, and net profit of Rs 3,499.08 crore, up 9.09%. Operating margin was 22.49% in FY26. The debt-to-equity ratio is 0.09, which keeps interest costs low.
The stock trades at a PE of 69.17 against an industry PE of 34.68, with a return on equity of 67.85%. In the September 2026 quarter, revenue rose 20.52% to Rs 6,808.60 crore and net profit grew 35.85% to Rs 1,009.61 crore. Foreign investors raised their holding from 9.82% in September 2025 to 11.69% in September 2026.
Varun Beverages: 42.33% Profit CAGR Since CY21
Varun Beverages is among the largest PepsiCo franchisees outside the United States, bottling and distributing beverages in India and abroad. It reported CY25 revenue of Rs 22,037.73 crore, up 9.48% year on year, and net profit of Rs 3,062.04 crore, up 16.24%. Net profit has compounded at 42.33% a year since CY21, while revenue has grown 25.47% a year. Operating margin was 24.40% in CY25. The debt-to-equity ratio is 0.13, which keeps interest costs low.
In the June 2026 quarter, revenue rose 20.92% to Rs 8,754.95 crore and net profit grew 15.08% to Rs 1,525.36 crore. The share price has gained 257.59% over five years. Domestic institutions raised their holding from 11.79% in September 2025 to 16.34% in September 2026. The stock trades at a PE of 43.21 against an industry PE of 34.68, with a return on equity of 15.51%.
CG Power: Revenue Up 25.73% in FY26
CG Power and Industrial Solutions makes transformers, motors, drives and railway signalling products, and has entered semiconductor assembly. It reported FY26 revenue of Rs 12,662.22 crore, up 25.73% year on year, and net profit of Rs 1,196.73 crore, up 23.00%. Net profit has compounded at 17.42% a year since FY22, while revenue has grown 23.06% a year. Operating margin was 14.88% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.
The stock trades at a PE of 103.46 against an industry PE of 45.89, with a return on equity of 15.13%. In the June 2026 quarter, revenue rose 15.76% to Rs 3,364.39 crore and net profit grew 15.52% to Rs 308.28 crore. The share price has gained 563.19% over five years. Domestic institutions raised their holding from 16.33% in July 2025 to 18.30% in June 2026.
Stocks Under Rs 2,000: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks under Rs 2,000. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | Latest Quarter Income Growth | Net Profit Growth (YoY) |
|---|---|---|---|---|---|
| SBI | 7,12,643.53 | 85,168.47 | 7.43% | 7.83% | 7.78% |
| Nestle India | 23,194.95 | 3,499.08 | 14.48% | 20.52% | 9.09% |
| Varun Beverages | 22,037.73 (CY25) | 3,062.04 (CY25) | 9.48% | 20.92% | 16.24% |
| CG Power | 12,662.22 | 1,196.73 | 25.73% | 15.76% | 23.00% |
Check the Univest Screener for live data on these stocks under Rs 2,000
Institutional Holding in SBI, Nestle India, Varun Beverages and CG Power
Institutional holding shows who is backing these stocks under Rs 2,000 alongside the promoter. The table uses the latest reported quarter for each. SBI has the deepest institutional backing, with FII and DII together holding 37.45% as of June 2026. Domestic institutions increased their holding over the past year in Varun Beverages (from 11.79% to 16.34%) and CG Power (from 16.33% to 18.30%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| SBI | 55.47% | 10.81% | 26.64% | 7.08% | June 2026 |
| Nestle India | 62.76% | 11.69% | 10.67% | 14.87% | September 2026 |
| Varun Beverages | 59.43% | 17.53% | 16.34% | 6.70% | September 2026 |
| CG Power | 56.36% | 11.97% | 18.30% | 13.37% | June 2026 |
Risks to Weigh in Stocks Under Rs 2,000
Being careful with stocks under Rs 2,000 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: CG Power trades at a PE of 103.46 against an industry PE of 45.89, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks Under Rs 2,000
Picking from stocks under Rs 2,000 comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (12.05 to 45.89) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track SBI, Nestle India, Varun Beverages and CG Power live prices.
Conclusion
Among stocks under Rs 2,000, SBI stands out for the lowest PE of the group at 9.70, Nestle India for the highest return on equity at 67.85%, Varun Beverages for the fastest profit growth, 42.33% a year since CY21 and CG Power for the biggest five-year price gain at 563.19%. 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 under Rs 2,000 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 Under Rs 2,000 to Watch
Which are the best stocks under Rs 2,000 to watch for multibagger potential?
Ans. SBI, Nestle India, Varun Beverages and CG Power are the 4 names this list highlights, with market caps of Rs 8,70,403 crore, Rs 2,63,566 crore, Rs 1,47,314 crore and Rs 1,28,282 crore respectively. SBI is notable for the lowest PE of the group at 9.70. Nestle India stands out for the highest return on equity at 67.85%. Varun Beverages offers the fastest profit growth, 42.33% a year since CY21. CG Power brings the biggest five-year price gain at 563.19%. These are watchlist names for stocks under Rs 2,000, not recommendations, so match each one to your own risk profile and time horizon.
Is Nestle India a good stock for long-term investors?
Ans. Nestle India has a return on equity of 67.85%, a PE of 69.17 against an industry PE of 34.68 and a market cap of Rs 2,63,566 crore. FY26 revenue rose 14.48%, and September 2026 quarter net profit grew 35.85%. Long-term returns in stocks under Rs 2,000 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Varun Beverages become a multibagger from here?
Ans. Varun Beverages has already gained 257.59% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks under Rs 2,000 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 42.33% a year since CY21, and CY25 revenue rose 9.48%. At a PE of 43.21 against an industry PE of 34.68, valuation should be checked against that growth before investing.
What is the market cap of SBI, Nestle India, Varun Beverages and CG Power?
Ans. As of 23 October 2026, SBI has a market cap of Rs 8,70,403 crore, Nestle India has a market cap of Rs 2,63,566 crore, Varun Beverages has a market cap of Rs 1,47,314 crore and CG Power has a market cap of Rs 1,28,282 crore. All of them qualify as largecaps. 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 under Rs 2,000.
What are the risks of investing in stocks under Rs 2,000?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. CG Power trades at a PE of 103.46 against an industry PE of 45.89, so earnings growth needs to hold up.
Why is CG Power trading at a PE of 103.46?
Ans. CG Power’s PE of 103.46 compares with an industry PE of 45.89. The market is paying a premium for a return on equity of 15.13%, profit growth of 17.42% a year since FY22 and latest-quarter profit growth of 15.52%, which also means the stock is more sensitive if growth slows. Investors in stocks under Rs 2,000 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in SBI, Nestle India, Varun Beverages and CG Power?
Ans. As of the latest reported quarter, FII and DII together hold 37.45% of SBI (10.81% and 26.64%), 22.36% of Nestle India (11.69% and 10.67%), 33.87% of Varun Beverages (17.53% and 16.34%) and 30.27% of CG Power (11.97% and 18.30%). Rising institutional holding is a useful signal in stocks under Rs 2,000, though it should be read with earnings trends rather than on its own.
