Under Rs 3800 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 6, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Avenue Rs 3,420. Muthoot Rs 2,839. Schaeffler India Rs 3,561. Siemens Rs 3,432. TCS Rs 2,496. NSE closing prices, 5 Nov 2026.
Quick Answer
Five under Rs 3800 stocks to buy on the November 2026 watchlist are Avenue Supermarts, Muthoot Finance, Schaeffler India, Siemens and Tata Consultancy Services. All five grew revenue in their latest full year, and all five also grew net profit. Muthoot Finance has the lowest P/E at 8.46, while Tata Consultancy Services leads on return on equity at 43.37%. Check each valuation against your own risk appetite before acting.
The under Rs 3800 stocks to buy in November 2026 start with five listed names: Avenue Supermarts, Muthoot Finance, Schaeffler India, Siemens and Tata Consultancy Services. Stocks under Rs 3,800 include India’s largest IT company, a gold loan lender, a supermarket chain, an automation company and a bearings maker, priced from about Rs 2,496 to Rs 3,561. Tata Consultancy Services is part of the Nifty IT index.
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 3800 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 3800 Stocks to Buy in November 2026?
The best under Rs 3800 stocks to buy in November 2026 for a watchlist are Avenue Supermarts, Muthoot Finance, Schaeffler India, Siemens and Tata Consultancy Services. 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 |
|---|---|---|---|---|---|
| Avenue Supermarts | 3,420 | Rs 2,07,643 crore | 66.65 | 11.94% | 0.00% |
| Muthoot Finance | 2,839 | Rs 96,935 crore | 8.46 | 28.01% | 1.24% |
| Schaeffler India | 3,561 | Rs 56,806 crore | 43.26 | 20.39% | 0.96% |
| Siemens | 3,432 | Rs 1,20,013 crore | 36.63 | 17.15% | 0.53% |
| Tata Consultancy Services | 2,496 | Rs 8,89,326 crore | 17.15 | 43.37% | 4.48% |
On valuation, Muthoot Finance and Siemens trade below the industry P/E; Avenue Supermarts, Schaeffler India and Tata Consultancy Services sit close to it. Valuation is the first filter for any under Rs 3800 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 3800 Stocks to Buy Are in Focus
A higher share price does not mean a stock is expensive, because value depends on earnings and the number of shares. The list covers India’s largest IT services company, a gold loan lender, the operator of DMart supermarkets, an automation and electrical equipment company and a maker of bearings and automotive components, all of which closed below Rs 3,800 on the NSE on 5 November. Investors searching for the best stocks under Rs 3,800 in India should check earnings, valuation and debt.
Avenue Supermarts: The DMart Operator Among Under Rs 3800 Stocks to Buy
Avenue Supermarts is the owner of DMart supermarkets across India. The stock trades at Rs 3,420 with a market capitalisation of Rs 2,07,643 crore and a P/E of 66.65, against an industry P/E of 60.81.
FY26 revenue rose 15.8% to Rs 68,895 crore and net profit rose 9.7% to Rs 2,970 crore. In the September 2026 quarter, revenue grew 17.7% year on year to Rs 19,658 crore, while net profit grew 8.5% to Rs 743 crore.
Return on equity is 11.94%, debt-to-equity is 0.16, and the dividend yield is negligible. Promoters hold 74.48%, foreign institutions 8.49% and domestic institutions 7.83% as of September 2026. A point to keep in view: at a P/E of 66.65, expectations are already high.
Muthoot Finance: The Gold Loan Leader Among Under Rs 3800 Stocks to Buy
Muthoot Finance is India’s largest gold loan non-banking finance company. At Rs 2,839, the stock has a market capitalisation of Rs 96,935 crore and trades at 8.46 times earnings, while the industry P/E is 16.13.
Reported numbers show FY26 revenue of Rs 31,263 crore, up 54.3% year on year, with net profit at Rs 10,607 crore, up 98.2%. The June 2026 quarter added revenue of Rs 8,695 crore (up 34.5%) and net profit of Rs 2,825 crore (up 43.1%).
Return on equity is 28.01%, and the dividend yield is 1.24%. Promoters hold 73.35%, foreign institutions 9.72% and domestic institutions 11.40% as of September 2026.
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Schaeffler India: The Global-Backed Bearing Name Among Under Rs 3800 Stocks to Buy
Schaeffler India is a supplier of bearings, clutch and engine parts to automotive and industrial customers, part of the German Schaeffler group. Its market capitalisation is Rs 56,806 crore, the share price is Rs 3,561 and the P/E of 43.26 compares with an industry P/E of 42.17.
Over CY2025, net profit rose 22.5% to Rs 1,150 crore on revenue of Rs 9,834 crore, which was up 17.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 3,122 crore, up 26.8% year on year, and net profit of Rs 349 crore, up 20.7%.
Return on equity is 20.39%, debt-to-equity is 0.01, and the dividend yield is 0.96%. Promoters hold 74.13%, foreign institutions 4.29% and domestic institutions 16.13% as of September 2026.
Siemens: The Electrification Major Among Under Rs 3800 Stocks to Buy
Siemens is a technology company in electrification, automation and digitalisation. The stock trades at Rs 3,432 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.
Tata Consultancy Services: The IT Services Bellwether Among Under Rs 3800 Stocks to Buy
Tata Consultancy Services is India’s largest IT services company by market capitalisation, with a global client base. At Rs 2,496, the stock has a market capitalisation of Rs 8,89,326 crore and trades at 17.15 times earnings, while the industry P/E is 17.58.
Reported numbers show FY26 revenue of Rs 2,71,423 crore, up 4.7% year on year, with net profit at Rs 49,454 crore, up 1.3%. The September 2026 quarter added revenue of Rs 74,525 crore (up 11.8%) and net profit of Rs 13,934 crore (up 14.9%).
Return on equity is 43.37%, debt-to-equity is 0.10, and the dividend yield is 4.48%. Promoters hold 71.77%, foreign institutions 9.01% and domestic institutions 12.46% as of September 2026.
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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 3800 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Avenue Supermarts | 15.8% | 9.7% | Sep 2026 | 17.7% | 8.5% |
| Muthoot Finance | 54.3% | 98.2% | Jun 2026 | 34.5% | 43.1% |
| Schaeffler India | 17.8% | 22.5% | Sep 2026 | 26.8% | 20.7% |
| Siemens | 59.8% | 16.4% | Jun 2026 | 14.2% | 406.2% |
| Tata Consultancy Services | 4.7% | 1.3% | Sep 2026 | 11.8% | 14.9% |
Factors That Move Under Rs 3800 Stocks to Buy
Four factors tend to drive under Rs 3800 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: IT, gold loans, retail, automation and bearings differ.
- Dividends: TCS yields about 4.5%.
- Valuation: P/E runs from about 8 to 67.
Risks to Keep in Mind Before Buying Under Rs 3800 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Avenue Supermarts trades at a P/E near 67 while Muthoot Finance trades near 8, and Muthoot Finance carries the highest borrowings of the five. Check results every quarter.
On the numbers, Avenue Supermarts trades at the highest P/E on this list at 66.65, so its earnings need to keep growing to support the price. Under Rs 3800 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 3800 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Muthoot Finance trades lowest.
- Read ROE: TCS leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 3800 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
Muthoot Finance offers the lowest P/E on this list at 8.46, Tata Consultancy Services has the highest return on equity at 43.37%, and Muthoot Finance posted the fastest net profit growth in its latest full year at 98.2%. Among the best under Rs 3800 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 3800 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 3800 Stocks to Buy
Which are the best under Rs 3800 stocks to buy in November 2026?
Ans. The five under Rs 3800 stocks on the November 2026 watchlist are Avenue Supermarts, Muthoot Finance, Schaeffler India, Siemens and Tata Consultancy Services. Muthoot Finance has the lowest P/E at 8.46, Tata Consultancy Services has the highest ROE at 43.37%, and Muthoot Finance grew net profit 98.2% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Tata Consultancy Services a good stock to buy from this Under Rs 3800 list?
Ans. Tata Consultancy Services is the largest company on this list with a market capitalisation of Rs 8,89,326 crore and a P/E of 17.15 against an industry P/E of 17.58. Its FY26 revenue rose 4.7% and net profit rose 1.3%, with return on equity at 43.37%. 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 3800 stocks expensive right now?
Ans. Valuations vary across the group. Avenue Supermarts trades at a P/E of 66.65, Muthoot Finance trades at a P/E of 8.46, Schaeffler India trades at a P/E of 43.26, Siemens trades at a P/E of 36.63, Tata Consultancy Services trades at a P/E of 17.15, against industry multiples ranging from 16.13 to 60.81. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 3800 stocks pay a dividend?
Ans. Dividend yields on this list are Muthoot Finance 1.24%, Schaeffler India 0.96%, Siemens 0.53%, Tata Consultancy Services 4.48%. 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. Tata Consultancy Services has the highest ROE on this list at 43.37%, followed by Muthoot Finance at 28.01% and Schaeffler India at 20.39%. 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 3800 stocks?
Ans. The main risks are price levels that say little about value, gold price swings and a very wide spread in valuations. On this list, Avenue Supermarts trades at the highest P/E of 66.65, 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 3800 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.