Under Rs 4700 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 11, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Avenue Rs 3,467. Grasim Rs 3,170. L&T Rs 4,185. M&M Rs 3,291. Trent Rs 3,119. NSE closing prices, 9 Nov 2026.
Quick Answer
Five under Rs 4700 stocks to buy on the November 2026 watchlist are Avenue Supermarts, Grasim Industries, Larsen and Toubro, Mahindra and Mahindra and Trent. 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 Trent leads on return on equity at 24.62%. Check each valuation against your own risk appetite before acting.
The under Rs 4700 stocks to buy in November 2026 start with five listed names: Avenue Supermarts, Grasim Industries, Larsen and Toubro, Mahindra and Mahindra and Trent. Stocks under Rs 4,700 include a supermarket chain, a diversified cement and chemicals group, an engineering major, an auto and tractor maker and a fashion retailer, priced from about Rs 3,119 to Rs 4,185. Grasim Industries, Larsen and Toubro, Mahindra and Mahindra and Trent are part of the Nifty 50 index, and Mahindra and Mahindra is part of the Nifty Auto 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 4700 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 4700 Stocks to Buy in November 2026?
The best under Rs 4700 stocks to buy in November 2026 for a watchlist are Avenue Supermarts, Grasim Industries, Larsen and Toubro, Mahindra and Mahindra and Trent. 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 | 3,467 | Rs 2,07,643 crore | 66.65 | 11.94% | 0.00% |
| Grasim Industries | 3,170 | Rs 1,98,390 crore | 17.62 | 4.80% | 0.34% |
| Larsen and Toubro | 4,185 | Rs 5,23,536 crore | 25.06 | 15.81% | 1.00% |
| Mahindra and Mahindra | 3,291 | Rs 3,56,893 crore | 17.63 | 18.37% | 1.11% |
| Trent | 3,119 | Rs 1,52,824 crore | 84.22 | 24.62% | 0.09% |
On valuation, Grasim Industries and Mahindra and Mahindra trade below the industry P/E; Avenue Supermarts sits close to it; Larsen and Toubro and Trent carry a premium. Valuation is the first filter for any under Rs 4700 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 4700 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 the operator of DMart supermarkets, a cement and chemicals group, the largest engineering and construction group, a maker of SUVs and tractors and the owner of the Westside and Zudio stores, all of which closed below Rs 4,700 on the NSE on 9 November. Investors searching for the best stocks under Rs 4,700 in India should check earnings, valuation and debt.
Avenue Supermarts: The DMart Operator Among Under Rs 4700 Stocks to Buy
Avenue Supermarts is the owner of DMart supermarkets across India. Its market capitalisation is Rs 2,07,643 crore, the share price is Rs 3,467 and the P/E of 66.65 compares with an industry P/E of 60.81.
Over FY26, net profit rose 9.7% to Rs 2,970 crore on revenue of Rs 68,895 crore, which was up 15.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 19,658 crore, up 17.7% year on year, and net profit of Rs 743 crore, up 8.5%.
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.
Grasim Industries: The Diversified Group Company Among Under Rs 4700 Stocks to Buy
Grasim Industries is a diversified Aditya Birla Group company with chemicals, fibre and paints businesses and a holding in UltraTech Cement. The stock trades at Rs 3,170 with a market capitalisation of Rs 1,98,390 crore and a P/E of 17.62, against an industry P/E of 30.10.
FY26 revenue rose 17.8% to Rs 1,76,611 crore and net profit rose 32.8% to Rs 10,300 crore. In the June 2026 quarter, revenue grew 21.2% year on year to Rs 49,021 crore, while net profit grew 38.8% to Rs 3,846 crore.
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 4700 Stocks to Buy
Larsen and Toubro is an engineering and construction conglomerate spanning infrastructure, defence, energy and IT services. At Rs 4,185, the stock has a market capitalisation of Rs 5,23,536 crore and trades at 25.06 times earnings, while the industry P/E is 21.53.
Reported numbers show FY26 revenue of Rs 2,91,635 crore, up 12.2% year on year, with net profit at Rs 19,159 crore, up 8.3%. The September 2026 quarter added revenue of Rs 81,056 crore (up 16.8%) 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.
Mahindra and Mahindra: The SUV and Tractor Leader Among Under Rs 4700 Stocks to Buy
Mahindra and Mahindra is India’s leading SUV and tractor maker, with farm equipment, commercial vehicles and services arms. Its market capitalisation is Rs 3,56,893 crore, the share price is Rs 3,291 and the P/E of 17.63 compares with an industry P/E of 23.63.
Over FY26, net profit rose 32.3% to Rs 18,622 crore on revenue of Rs 2,02,084 crore, which was up 25.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 59,204 crore, up 27.5% year on year, and net profit of Rs 5,998 crore, up 37.0%.
Return on equity is 18.37%, debt-to-equity is 1.44, and the dividend yield is 1.11%. Promoters hold 18.39%, foreign institutions 33.35% and domestic institutions 34.24% as of September 2026. Domestic institutional holding has risen from 29.96% to 34.24% over the last year.
Trent: The Fashion Retail Leader Among Under Rs 4700 Stocks to Buy
Trent is the Tata Group retailer behind Westside, Zudio and Star. The stock trades at Rs 3,119 with a market capitalisation of Rs 1,52,824 crore and a P/E of 84.22, against an industry P/E of 60.81.
FY26 revenue rose 16.3% to Rs 20,189 crore and net profit rose 12.2% to Rs 1,721 crore. In the September 2026 quarter, revenue grew 21.8% year on year to Rs 5,899 crore, while net profit grew 25.4% to Rs 468 crore.
Return on equity is 24.62%, debt-to-equity is 0.37, and the dividend yield is 0.09%. Promoters hold 37.01%, foreign institutions 15.28% and domestic institutions 23.33% as of September 2026. Domestic institutional holding has risen from 19.98% to 23.33% over the last year. A point to keep in view: at a P/E of 84.22, expectations are already high.
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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 4700 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% |
| 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% |
| Mahindra and Mahindra | 25.2% | 32.3% | Jun 2026 | 27.5% | 37.0% |
| Trent | 16.3% | 12.2% | Sep 2026 | 21.8% | 25.4% |
Factors That Move Under Rs 4700 Stocks to Buy
Four factors tend to drive under Rs 4700 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Retail, cement, engineering, vehicles and fashion differ.
- Dividends: Mahindra and Mahindra yields about 1.1%.
- Valuation: P/E runs from about 18 to 84.
Risks to Keep in Mind Before Buying Under Rs 4700 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Trent trades at a P/E near 84 and Avenue Supermarts near 67, while Grasim Industries and Mahindra and Mahindra trade near 18, and Grasim Industries carries the highest borrowings of the five. Check results every quarter.
On the numbers, Trent trades at the highest P/E on this list at 84.22, so its earnings need to keep growing to support the price. Under Rs 4700 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 4700 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Grasim Industries and Mahindra and Mahindra trade lowest.
- Read ROE: Trent leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 4700 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, Trent has the highest return on equity at 24.62%, and Grasim Industries posted the fastest net profit growth in its latest full year at 32.8%. Among the best under Rs 4700 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 4700 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 4700 Stocks to Buy
Which are the best under Rs 4700 stocks to buy in November 2026?
Ans. The five under Rs 4700 stocks on the November 2026 watchlist are Avenue Supermarts, Grasim Industries, Larsen and Toubro, Mahindra and Mahindra and Trent. Grasim Industries has the lowest P/E at 17.62, Trent has the highest ROE at 24.62%, 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 4700 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 4700 stocks expensive right now?
Ans. Valuations vary across the group. Avenue Supermarts trades at a P/E of 66.65, Grasim Industries trades at a P/E of 17.62, Larsen and Toubro trades at a P/E of 25.06, Mahindra and Mahindra trades at a P/E of 17.63, Trent trades at a P/E of 84.22, against industry multiples ranging from 21.53 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 4700 stocks pay a dividend?
Ans. Dividend yields on this list are Grasim Industries 0.34%, Larsen and Toubro 1.00%, Mahindra and Mahindra 1.11%, Trent 0.09%. 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. Trent has the highest ROE on this list at 24.62%, followed by Mahindra and Mahindra at 18.37% 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 4700 stocks?
Ans. The main risks are price levels that say little about value, high valuations in retail and borrowings at the cement group. On this list, Trent trades at the highest P/E of 84.22, 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 4700 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.