Under Rs 4000 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 4, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Siemens Rs 3,387. Grasim Rs 3,090. L&T Rs 3,948. Endurance Rs 2,410. Mphasis Rs 2,535. NSE closing prices, 3 Nov 2026.
Quick Answer
Five under Rs 4000 stocks to buy on the November 2026 watchlist are Siemens, Grasim Industries, Larsen and Toubro, Endurance Technologies and Mphasis. All five grew revenue in their latest full year, and all five also grew net profit. Grasim Industries has the lowest P/E at 17.62, while Mphasis leads on return on equity at 17.34%. Check each valuation against your own risk appetite before acting.
The under Rs 4000 stocks to buy in November 2026 start with five listed names: Siemens, Grasim Industries, Larsen and Toubro, Endurance Technologies and Mphasis. Stocks under Rs 4000 include an electrification and automation company, a diversified materials group, an engineering conglomerate, an auto components maker and an IT services company, priced between roughly Rs 2,410 and Rs 3,948.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these under Rs 4000 stocks to buy to a portfolio. All prices are NSE closing prices of 3 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 4000 Stocks to Buy in November 2026?
The best under Rs 4000 stocks to buy in November 2026 for a watchlist are Siemens, Grasim Industries, Larsen and Toubro, Endurance Technologies and Mphasis. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Siemens | 3,387 | Rs 1,20,013 crore | 36.63 | 17.15% | 0.53% |
| Grasim Industries | 3,090 | Rs 1,98,390 crore | 17.62 | 4.80% | 0.34% |
| Larsen and Toubro | 3,948 | Rs 5,23,536 crore | 25.06 | 15.81% | 1.00% |
| Endurance Technologies | 2,410 | Rs 32,395 crore | 33.40 | 13.91% | 0.50% |
| Mphasis | 2,535 | Rs 48,565 crore | 25.42 | 17.34% | 2.44% |
On valuation, Siemens and Grasim Industries trade below the industry P/E; Endurance Technologies sits close to it; Larsen and Toubro and Mphasis carry a premium. Valuation is the first filter for any under Rs 4000 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 4000 Stocks to Buy Are in Focus
Shares in this band belong mostly to large and well-established companies. The list covers a technology company in electrification and automation, a diversified group in fibre, chemicals and building materials, an engineering and construction conglomerate, an auto components maker and an IT services firm focused on banking clients. Investors searching for the best stocks under Rs 4000 in India should check earnings growth, valuation and liquidity.
Siemens: The Electrification Major Among Under Rs 4000 Stocks to Buy
Siemens is a technology company in electrification, automation and digitalisation. The stock trades at Rs 3,387 with a market capitalisation of Rs 1,20,013 crore and a P/E of 36.63, against an industry P/E of 41.42.
FY26 revenue rose 59.8% to Rs 25,599 crore and net profit rose 16.4% to Rs 2,283 crore. In the June 2026 quarter, revenue grew 14.2% year on year to Rs 4,831 crore, while net profit grew 406.2% to Rs 2,143 crore.
Return on equity is 17.15%, debt-to-equity is 0.02, and the dividend yield is 0.53%. Promoters hold 75.00%, foreign institutions 6.76% and domestic institutions 9.04% as of September 2026.
Grasim Industries: The Diversified Group Company Among Under Rs 4000 Stocks to Buy
Grasim Industries is a diversified Aditya Birla Group company with chemicals, fibre and paints businesses and a holding in UltraTech Cement. At Rs 3,090, the stock has a market capitalisation of Rs 1,98,390 crore and trades at 17.62 times earnings, while the industry P/E is 30.10.
Reported numbers show FY26 revenue of Rs 1,76,611 crore, up 17.8% year on year, with net profit at Rs 10,300 crore, up 32.8%. The June 2026 quarter added revenue of Rs 49,021 crore (up 21.2%) and net profit of Rs 3,846 crore (up 38.8%).
Return on equity is 4.80%, debt-to-equity is 2.20, and the dividend yield is 0.34%. Promoters hold 45.20%, foreign institutions 17.09% and domestic institutions 15.25% as of September 2026. A point to keep in view: debt is higher than most names on this list, and return on equity is a modest 4.80%.
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Larsen and Toubro: The Infrastructure Conglomerate Among Under Rs 4000 Stocks to Buy
Larsen and Toubro is an engineering and construction conglomerate spanning infrastructure, defence, energy and IT services. Its market capitalisation is Rs 5,23,536 crore, the share price is Rs 3,948 and the P/E of 25.06 compares with an industry P/E of 21.53.
Over FY26, net profit rose 8.3% to Rs 19,159 crore on revenue of Rs 2,91,635 crore, which was up 12.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 81,056 crore, up 16.8% year on year, and net profit of Rs 5,915 crore, up 26.2%.
Return on equity is 15.81%, debt-to-equity is 1.24, and the dividend yield is 1.00%. The company has no identified promoter, with foreign institutions holding 19.21% and domestic institutions 42.86% as of September 2026. A point to keep in view: debt is higher than most names on this list.
Endurance Technologies: The Two-Wheeler Parts Specialist Among Under Rs 4000 Stocks to Buy
Endurance Technologies is a maker of suspension, braking and casting parts for two-wheelers and cars, with a European subsidiary. The stock trades at Rs 2,410 with a market capitalisation of Rs 32,395 crore and a P/E of 33.40, against an industry P/E of 36.13.
FY26 revenue rose 26.1% to Rs 14,720 crore and net profit rose 13.8% to Rs 952 crore. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit grew 8.0% to Rs 245 crore.
Return on equity is 13.91%, debt-to-equity is 0.19, and the dividend yield is 0.50%. Promoters hold 75.00%, foreign institutions 12.07% and domestic institutions 10.48% as of September 2026. Domestic institutional holding has risen from 9.06% to 10.48% over the last year.
Mphasis: The BFSI-Focused Services Name Among Under Rs 4000 Stocks to Buy
Mphasis is an IT services company focused on banking, financial services and technology clients. At Rs 2,535, the stock has a market capitalisation of Rs 48,565 crore and trades at 25.42 times earnings, while the industry P/E is 18.92.
Reported numbers show FY26 revenue of Rs 16,206 crore, up 11.9% year on year, with net profit at Rs 1,863 crore, up 9.4%. The June 2026 quarter added revenue of Rs 4,467 crore (up 17.1%) and net profit of Rs 490 crore (up 10.8%).
Return on equity is 17.34%, debt-to-equity is 0.24, and the dividend yield is 2.44%. Promoters hold 30.53%, foreign institutions 19.39% and domestic institutions 45.85% as of September 2026. Domestic institutional holding has risen from 37.07% to 45.85% over the last year.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five under Rs 4000 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Siemens | 59.8% | 16.4% | Jun 2026 | 14.2% | 406.2% |
| Grasim Industries | 17.8% | 32.8% | Jun 2026 | 21.2% | 38.8% |
| Larsen and Toubro | 12.2% | 8.3% | Sep 2026 | 16.8% | 26.2% |
| Endurance Technologies | 26.1% | 13.8% | Jun 2026 | 29.6% | 8.0% |
| Mphasis | 11.9% | 9.4% | Jun 2026 | 17.1% | 10.8% |
Factors That Move Under Rs 4000 Stocks to Buy
Four factors tend to drive under Rs 4000 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Order books: Engineering firms show future revenue there.
- Valuation: Leaders often trade at premium multiples.
- Sector mix: Industrial, materials, auto and IT differ.
Risks to Keep in Mind Before Buying Under Rs 4000 Stocks
The first risk is that engineering and materials businesses follow capex and construction cycles. The second is that IT services depend on global client spending and currency moves. Valuations differ, so check each stock.
On the numbers, Siemens trades at the highest P/E on this list at 36.63, so its earnings need to keep growing to support the price. Under Rs 4000 stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose Under Rs 4000 Stocks to Buy
- Check order books: They show future revenue.
- Review margins: Stable margins show pricing power.
- Study sector drivers: Cycles differ across the five.
- Compare valuations: Look at P/E against the industry.
How to Invest in Under Rs 4000 Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Grasim Industries offers the lowest P/E on this list at 17.62, Mphasis has the highest return on equity at 17.34%, and Grasim Industries posted the fastest net profit growth in its latest full year at 32.8%. Among the best under Rs 4000 stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these under Rs 4000 stocks to buy.
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 Under Rs 4000 Stocks to Buy
Which are the best under Rs 4000 stocks to buy in November 2026?
Ans. The five under Rs 4000 stocks on the November 2026 watchlist are Siemens, Grasim Industries, Larsen and Toubro, Endurance Technologies and Mphasis. Grasim Industries has the lowest P/E at 17.62, Mphasis has the highest ROE at 17.34%, and Grasim Industries grew net profit 32.8% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Larsen and Toubro a good stock to buy from this Under Rs 4000 list?
Ans. Larsen and Toubro is the largest company on this list with a market capitalisation of Rs 5,23,536 crore and a P/E of 25.06 against an industry P/E of 21.53. Its FY26 revenue rose 12.2% and net profit rose 8.3%, with return on equity at 15.81%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are these under Rs 4000 stocks expensive right now?
Ans. Valuations vary across the group. Siemens trades at a P/E of 36.63, Grasim Industries trades at a P/E of 17.62, Larsen and Toubro trades at a P/E of 25.06, Endurance Technologies trades at a P/E of 33.40, Mphasis trades at a P/E of 25.42, against industry multiples ranging from 18.92 to 41.42. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 4000 stocks pay a dividend?
Ans. Dividend yields on this list are Siemens 0.53%, Grasim Industries 0.34%, Larsen and Toubro 1.00%, Endurance Technologies 0.50%, Mphasis 2.44%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Mphasis has the highest ROE on this list at 17.34%, followed by Siemens at 17.15% and Larsen and Toubro at 15.81%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in under Rs 4000 stocks?
Ans. The main risks are capex and construction cycles, global client spending and premium valuations. On this list, Siemens trades at the highest P/E of 36.63, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in under Rs 4000 stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
