Under Rs 3200 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 11, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Adani Ports Rs 1,943. Nilkamal Rs 2,050. Power Mech Rs 2,406. SRF Rs 2,460. TCS Rs 2,475. NSE closing prices, 9 Nov 2026.
Quick Answer
Five under Rs 3200 stocks to buy on the November 2026 watchlist are Adani Ports and Special Economic Zone, Nilkamal, Power Mech Projects, SRF and Tata Consultancy Services. All five grew revenue in their latest full year, and all five also grew net profit. Power Mech Projects has the lowest P/E at 16.51, 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 3200 stocks to buy in November 2026 start with five listed names: Adani Ports and Special Economic Zone, Nilkamal, Power Mech Projects, SRF and Tata Consultancy Services. Stocks under Rs 3,200 include a port operator, a plastic products maker, a power infrastructure services company, a chemicals maker and India’s largest IT company, priced from about Rs 1,943 to Rs 2,475. Adani Ports and Special Economic Zone is part of the Nifty 50 index and 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 3200 stocks to buy to a portfolio. All prices are NSE closing prices of 9 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 3200 Stocks to Buy in November 2026?
The best under Rs 3200 stocks to buy in November 2026 for a watchlist are Adani Ports and Special Economic Zone, Nilkamal, Power Mech Projects, SRF 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 |
|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone | 1,943 | Rs 4,26,232 crore | 31.15 | 13.33% | 0.41% |
| Nilkamal | 2,050 | Rs 2,983 crore | 18.73 | 8.05% | 1.00% |
| Power Mech Projects | 2,406 | Rs 6,940 crore | 16.51 | 14.45% | 0.07% |
| SRF | 2,460 | Rs 69,630 crore | 30.50 | 14.92% | 0.38% |
| Tata Consultancy Services | 2,475 | Rs 8,89,326 crore | 17.15 | 43.37% | 4.48% |
On valuation, Nilkamal and Power Mech Projects trade below the industry P/E; Adani Ports and Special Economic Zone, SRF and Tata Consultancy Services sit close to it. Valuation is the first filter for any under Rs 3200 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 3200 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 private port operator, a maker of moulded plastic products and furniture, a power plant services contractor, a specialty chemicals and packaging films maker and the country’s largest IT services company, all of which closed below Rs 3,200 on the NSE on 9 November. Investors searching for the best stocks under Rs 3,200 in India should check earnings, valuation and debt.
Adani Ports and Special Economic Zone: The Port Operator Among Under Rs 3200 Stocks to Buy
Adani Ports and Special Economic Zone is India’s largest port operator, with ports and logistics services. At Rs 1,943, the stock has a market capitalisation of Rs 4,26,232 crore and trades at 31.15 times earnings, while the industry P/E is 30.60.
Reported numbers show FY26 revenue of Rs 40,854 crore, up 26.2% year on year, with net profit at Rs 12,782 crore, up 15.6%. The September 2026 quarter added revenue of Rs 11,610 crore (up 16.1%) and net profit of Rs 3,682 crore (up 18.0%).
Return on equity is 13.33%, debt-to-equity is 0.65, and the dividend yield is 0.41%. Promoters hold 66.03%, foreign institutions 15.95% and domestic institutions 13.25% as of September 2026. Foreign institutional holding has risen from 13.61% to 15.95% over the last year.
Nilkamal: The Plastic Furniture Maker Among Under Rs 3200 Stocks to Buy
Nilkamal is a maker of plastic furniture and storage products. Its market capitalisation is Rs 2,983 crore, the share price is Rs 2,050 and the P/E of 18.73 compares with an industry P/E of 33.18.
Over FY26, net profit rose 8.7% to Rs 116 crore on revenue of Rs 3,792 crore, which was up 14.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,129 crore, up 16.3% year on year, and net profit of Rs 67.8 crore, up 101.5%.
Return on equity is 8.05%, debt-to-equity is 0.27, and the dividend yield is 1.00%. Promoters hold 64.54%, foreign institutions 1.02% and domestic institutions 7.90% as of September 2026.
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Power Mech Projects: The Power Services Contractor Among Under Rs 3200 Stocks to Buy
Power Mech Projects is an engineering services company for power plants and infrastructure. The stock trades at Rs 2,406 with a market capitalisation of Rs 6,940 crore and a P/E of 16.51, against an industry P/E of 21.97.
FY26 revenue rose 15.7% to Rs 6,107 crore and net profit rose 18.5% to Rs 412 crore. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit grew 10.9% to Rs 89.3 crore.
Return on equity is 14.45%, debt-to-equity is 0.26, and the dividend yield is 0.07%. Promoters hold 58.42%, foreign institutions 6.34% and domestic institutions 20.76% as of September 2026.
SRF: The Diversified Chemicals Major Among Under Rs 3200 Stocks to Buy
SRF is a diversified maker of fluorochemicals, speciality chemicals, packaging films and technical textiles. At Rs 2,460, the stock has a market capitalisation of Rs 69,630 crore and trades at 30.50 times earnings, while the industry P/E is 33.45.
Reported numbers show FY26 revenue of Rs 15,894 crore, up 7.2% year on year, with net profit at Rs 1,835 crore, up 46.7%. The September 2026 quarter added revenue of Rs 4,929 crore (up 34.5%) and net profit of Rs 509 crore (up 31.2%).
Return on equity is 14.92%, debt-to-equity is 0.35, and the dividend yield is 0.38%. Promoters hold 50.26%, foreign institutions 15.20% and domestic institutions 22.51% as of September 2026. Domestic institutional holding has risen from 19.53% to 22.51% over the last year.
Tata Consultancy Services: The IT Services Bellwether Among Under Rs 3200 Stocks to Buy
Tata Consultancy Services is India’s largest IT services company by market capitalisation, with a global client base. Its market capitalisation is Rs 8,89,326 crore, the share price is Rs 2,475 and the P/E of 17.15 compares with an industry P/E of 17.58.
Over FY26, net profit rose 1.3% to Rs 49,454 crore on revenue of Rs 2,71,423 crore, which was up 4.7%. The latest quarter, the September 2026 quarter, brought revenue of Rs 74,525 crore, up 11.8% year on year, 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 3200 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone | 26.2% | 15.6% | Sep 2026 | 16.1% | 18.0% |
| Nilkamal | 14.1% | 8.7% | Sep 2026 | 16.3% | 101.5% |
| Power Mech Projects | 15.7% | 18.5% | Jun 2026 | 25.1% | 10.9% |
| SRF | 7.2% | 46.7% | Sep 2026 | 34.5% | 31.2% |
| Tata Consultancy Services | 4.7% | 1.3% | Sep 2026 | 11.8% | 14.9% |
Factors That Move Under Rs 3200 Stocks to Buy
Four factors tend to drive under Rs 3200 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Ports, plastics, power services, chemicals and IT differ.
- Dividends: Tata Consultancy Services yields about 4.5%.
- Valuation: P/E runs from about 17 to 31.
Risks to Keep in Mind Before Buying Under Rs 3200 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Adani Ports and Special Economic Zone carries the highest borrowings of the five, and Nilkamal is valued at only about Rs 3,000 crore, so trading can be thin. Check results every quarter.
On the numbers, Adani Ports and Special Economic Zone trades at the highest P/E on this list at 31.15, so its earnings need to keep growing to support the price. Under Rs 3200 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 3200 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Power Mech Projects trades lowest.
- Read ROE: Tata Consultancy Services leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 3200 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
Power Mech Projects offers the lowest P/E on this list at 16.51, Tata Consultancy Services has the highest return on equity at 43.37%, and SRF posted the fastest net profit growth in its latest full year at 46.7%. Among the best under Rs 3200 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 3200 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 3200 Stocks to Buy
Which are the best under Rs 3200 stocks to buy in November 2026?
Ans. The five under Rs 3200 stocks on the November 2026 watchlist are Adani Ports and Special Economic Zone, Nilkamal, Power Mech Projects, SRF and Tata Consultancy Services. Power Mech Projects has the lowest P/E at 16.51, Tata Consultancy Services has the highest ROE at 43.37%, and SRF grew net profit 46.7% 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 3200 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 3200 stocks expensive right now?
Ans. Valuations vary across the group. Adani Ports and Special Economic Zone trades at a P/E of 31.15, Nilkamal trades at a P/E of 18.73, Power Mech Projects trades at a P/E of 16.51, SRF trades at a P/E of 30.50, Tata Consultancy Services trades at a P/E of 17.15, against industry multiples ranging from 17.58 to 33.45. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 3200 stocks pay a dividend?
Ans. Dividend yields on this list are Adani Ports and Special Economic Zone 0.41%, Nilkamal 1.00%, Power Mech Projects 0.07%, SRF 0.38%, 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 SRF at 14.92% and Power Mech Projects at 14.45%. 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 3200 stocks?
Ans. The main risks are price levels that say little about value, thin trading in one small company and order timing in power services. On this list, Adani Ports and Special Economic Zone trades at the highest P/E of 31.15, 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 3200 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.