Under Rs 1250 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 6, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
JSPL Rs 1,150. Olectra Rs 1,050. Lodha Rs 1,176. PNB Housing Rs 1,100. Bajaj Finance Rs 1,070. NSE closing prices, 5 Nov 2026.
Quick Answer
Five under Rs 1250 stocks to buy on the November 2026 watchlist are Jindal Steel and Power, Olectra Greentech, Lodha Developers, PNB Housing Finance and Bajaj Finance. All five grew revenue in their latest full year, and all five also grew net profit. PNB Housing Finance has the lowest P/E at 12.30, while Bajaj Finance leads on return on equity at 17.61%. Check each valuation against your own risk appetite before acting.
The under Rs 1250 stocks to buy in November 2026 start with five listed names: Jindal Steel and Power, Olectra Greentech, Lodha Developers, PNB Housing Finance and Bajaj Finance. Stocks under Rs 1,250 include a steel and power company, an electric bus maker, a Mumbai developer, a housing finance company and a large lender, priced from about Rs 1,050 to Rs 1,176.
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 1250 stocks to buy to a portfolio. All prices are NSE closing prices of 5 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 1250 Stocks to Buy in November 2026?
The best under Rs 1250 stocks to buy in November 2026 for a watchlist are Jindal Steel and Power, Olectra Greentech, Lodha Developers, PNB Housing Finance and Bajaj Finance. 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 |
|---|---|---|---|---|---|
| Jindal Steel and Power | 1,150 | Rs 1,08,231 crore | 38.06 | 6.16% | 0.19% |
| Olectra Greentech | 1,050 | Rs 8,021 crore | 44.52 | 14.46% | 0.06% |
| Lodha Developers | 1,176 | Rs 1,03,892 crore | 25.16 | 14.72% | 0.41% |
| PNB Housing Finance | 1,100 | Rs 28,897 crore | 12.30 | 11.61% | 0.72% |
| Bajaj Finance | 1,070 | Rs 5,71,076 crore | 25.88 | 17.61% | 0.65% |
On valuation, Lodha Developers and PNB Housing Finance trade below the industry P/E; Jindal Steel and Power, Olectra Greentech and Bajaj Finance carry a premium. Valuation is the first filter for any under Rs 1250 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 1250 Stocks to Buy Are in Focus
A mid-range share price does not make a stock better or worse value, because value depends on earnings and the number of shares. The list covers a steel and power company with large plants in eastern India, an electric bus manufacturer, a Mumbai-focused residential developer, a housing finance company focused on home loans and India’s largest non-banking finance company by market value, all of which closed below Rs 1,250 on the NSE on 5 November. Investors searching for the best stocks under Rs 1,250 in India should check earnings, valuation and debt.
Jindal Steel and Power: The Eastern India Steelmaker Among Under Rs 1250 Stocks to Buy
Jindal Steel and Power is a steel and power company with large plants in eastern India. Its market capitalisation is Rs 1,08,231 crore, the share price is Rs 1,150 and the P/E of 38.06 compares with an industry P/E of 19.82.
Over FY26, net profit rose 18.1% to Rs 3,361 crore on revenue of Rs 53,783 crore, which was up 6.9%. The latest quarter, the September 2026 quarter, brought revenue of Rs 19,448 crore, up 44.0% year on year, and net profit of Rs 771 crore, up 21.3%.
Return on equity is 6.16%, debt-to-equity is 0.43, and the dividend yield is 0.19%. Promoters hold 62.69%, foreign institutions 8.75% and domestic institutions 17.82% as of September 2026. A point to keep in view: return on equity is a modest 6.16%.
Olectra Greentech: The Electric Bus Maker Among Under Rs 1250 Stocks to Buy
Olectra Greentech is an electric bus manufacturer. The stock trades at Rs 1,050 with a market capitalisation of Rs 8,021 crore and a P/E of 44.52, against an industry P/E of 23.77.
FY26 revenue rose 28.2% to Rs 2,327 crore and net profit rose 29.0% to Rs 180 crore. In the June 2026 quarter, revenue grew 63.8% year on year to Rs 578 crore, while net profit grew 2.4% to Rs 26.7 crore.
Return on equity is 14.46%, debt-to-equity is 0.31, and the dividend yield is 0.06%. Promoters hold 50.02%, foreign institutions 7.34% and domestic institutions 0.60% as of September 2026.
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Lodha Developers: The Mumbai Housing Developer Among Under Rs 1250 Stocks to Buy
Lodha Developers is a Mumbai-focused residential developer with a growing presence in other cities. At Rs 1,176, the stock has a market capitalisation of Rs 1,03,892 crore and trades at 25.16 times earnings, while the industry P/E is 31.04.
Reported numbers show FY26 revenue of Rs 17,120 crore, up 20.8% year on year, with net profit at Rs 3,431 crore, up 24.0%. The June 2026 quarter added revenue of Rs 5,097 crore (up 40.6%) and net profit of Rs 1,373 crore (up 103.4%).
Return on equity is 14.72%, debt-to-equity is 0.42, and the dividend yield is 0.41%. Promoters hold 70.29%, foreign institutions 25.33% and domestic institutions 2.55% as of September 2026. Foreign institutional holding has risen from 24.11% to 25.33% over the last year.
PNB Housing Finance: The Home Loan Specialist Among Under Rs 1250 Stocks to Buy
PNB Housing Finance is a housing finance company focused on home loans. Its market capitalisation is Rs 28,897 crore, the share price is Rs 1,100 and the P/E of 12.30 compares with an industry P/E of 16.15.
Over FY26, net profit rose 18.3% to Rs 2,291 crore on revenue of Rs 8,505 crore, which was up 10.6%. The latest quarter, the September 2026 quarter, brought revenue of Rs 2,424 crore, up 13.8% year on year, and net profit of Rs 617 crore, up 6.0%.
Return on equity is 11.61%, and the dividend yield is 0.72%. Promoters hold 28.01%, foreign institutions 14.19% and domestic institutions 49.29% as of September 2026. Domestic institutional holding has risen from 40.69% to 49.29% over the last year.
Bajaj Finance: The NBFC Leader Among Under Rs 1250 Stocks to Buy
Bajaj Finance is India’s largest non-banking finance company by market value, lending across consumer, SME and mortgage segments. The stock trades at Rs 1,070 with a market capitalisation of Rs 5,71,076 crore and a P/E of 25.88, against an industry P/E of 16.13.
FY26 revenue rose 19.1% to Rs 81,990 crore and net profit rose 15.2% to Rs 19,332 crore. In the September 2026 quarter, revenue grew 22.9% year on year to Rs 24,576 crore, while net profit grew 28.7% to Rs 6,367 crore.
Return on equity is 17.61%, and the dividend yield is 0.65%. Promoters hold 54.67%, foreign institutions 19.79% and domestic institutions 17.05% as of September 2026. Domestic institutional holding has risen from 14.47% to 17.05% 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 1250 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Jindal Steel and Power | 6.9% | 18.1% | Sep 2026 | 44.0% | 21.3% |
| Olectra Greentech | 28.2% | 29.0% | Jun 2026 | 63.8% | 2.4% |
| Lodha Developers | 20.8% | 24.0% | Jun 2026 | 40.6% | 103.4% |
| PNB Housing Finance | 10.6% | 18.3% | Sep 2026 | 13.8% | 6.0% |
| Bajaj Finance | 19.1% | 15.2% | Sep 2026 | 22.9% | 28.7% |
Factors That Move Under Rs 1250 Stocks to Buy
Four factors tend to drive under Rs 1250 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Steel, buses, property and lending differ.
- Return on equity: Bajaj Finance leads at about 18%.
- Valuation: P/E runs from about 12 to 45.
Risks to Keep in Mind Before Buying Under Rs 1250 Stocks
The first risk is that a share price says little about value, so earnings and valuation matter more. The second is that PNB Housing Finance and Bajaj Finance borrow more than the other three because they are lenders. Check results every quarter.
On the numbers, Olectra Greentech trades at the highest P/E on this list at 44.52, so its earnings need to keep growing to support the price. Under Rs 1250 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 1250 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: PNB Housing Finance trades lowest.
- Read dividends: PNB Housing Finance and Bajaj Finance yield the most.
- Diversify: Spread across the four sectors.
How to Invest in Under Rs 1250 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
PNB Housing Finance offers the lowest P/E on this list at 12.30, Bajaj Finance has the highest return on equity at 17.61%, and Olectra Greentech posted the fastest net profit growth in its latest full year at 29.0%. Among the best under Rs 1250 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 1250 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 1250 Stocks to Buy
Which are the best under Rs 1250 stocks to buy in November 2026?
Ans. The five under Rs 1250 stocks on the November 2026 watchlist are Jindal Steel and Power, Olectra Greentech, Lodha Developers, PNB Housing Finance and Bajaj Finance. PNB Housing Finance has the lowest P/E at 12.30, Bajaj Finance has the highest ROE at 17.61%, and Olectra Greentech grew net profit 29.0% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Bajaj Finance a good stock to buy from this Under Rs 1250 list?
Ans. Bajaj Finance is the largest company on this list with a market capitalisation of Rs 5,71,076 crore and a P/E of 25.88 against an industry P/E of 16.13. Its FY26 revenue rose 19.1% and net profit rose 15.2%, with return on equity at 17.61%. 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 1250 stocks expensive right now?
Ans. Valuations vary across the group. Jindal Steel and Power trades at a P/E of 38.06, Olectra Greentech trades at a P/E of 44.52, Lodha Developers trades at a P/E of 25.16, PNB Housing Finance trades at a P/E of 12.30, Bajaj Finance trades at a P/E of 25.88, against industry multiples ranging from 16.13 to 31.04. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 1250 stocks pay a dividend?
Ans. Dividend yields on this list are Jindal Steel and Power 0.19%, Olectra Greentech 0.06%, Lodha Developers 0.41%, PNB Housing Finance 0.72%, Bajaj Finance 0.65%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Bajaj Finance has the highest ROE on this list at 17.61%, followed by Lodha Developers at 14.72% and Olectra Greentech at 14.46%. 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 1250 stocks?
Ans. The main risks are metal price swings, interest rate and funding costs at the lenders and bus order timing. On this list, Olectra Greentech trades at the highest P/E of 44.52, 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 1250 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.