23 Percent Quarterly Revenue Growth Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 13, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Bajaj Finance Rs 1,115. BoM Rs 91.79. BEL Rs 404.80. ITC Hotels Rs 175.39. JSW Energy Rs 519.65. NSE closing prices, 12 Nov 2026.
Quick Answer
Five 23 percent quarterly revenue growth stocks to buy on the November 2026 watchlist are Bajaj Finance, Bank of Maharashtra, Bharat Electronics, ITC Hotels and JSW Energy. All five grew revenue in their latest full year, and all five also grew net profit. Bank of Maharashtra has the lowest P/E at 7.77, while Bharat Electronics leads on return on equity at 25.27%. Check each valuation against your own risk appetite before acting.
The 23 percent quarterly revenue growth stocks to buy in November 2026 start with five listed names: Bajaj Finance, Bank of Maharashtra, Bharat Electronics, ITC Hotels and JSW Energy. These five companies each grew revenue by about 22% to 25% in the latest reported quarter compared with a year earlier. Bajaj Finance and Bharat Electronics are part of the Nifty 50 index and Bajaj Finance is part of the Nifty Fin Service 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 23 percent quarterly revenue growth stocks to buy to a portfolio. All prices are NSE closing prices of 12 November 2026, and financials come from company filings.
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Which Are the Best 23 Percent Quarterly Revenue Growth Stocks to Buy in November 2026?
The best 23 percent quarterly revenue growth stocks to buy in November 2026 for a watchlist are Bajaj Finance, Bank of Maharashtra, Bharat Electronics, ITC Hotels and JSW Energy. 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 |
|---|---|---|---|---|---|
| Bajaj Finance | 1,115 | Rs 5,71,076 crore | 25.88 | 17.61% | 0.65% |
| Bank of Maharashtra | 91.79 | Rs 62,225 crore | 7.77 | 22.53% | 1.48% |
| Bharat Electronics | 404.80 | Rs 2,71,924 crore | 44.23 | 25.27% | 0.67% |
| ITC Hotels | 175.39 | Rs 34,414 crore | 36.63 | 7.94% | 0.61% |
| JSW Energy | 519.65 | Rs 93,508 crore | 33.69 | 6.32% | 0.38% |
On valuation, Bank of Maharashtra trades below the industry P/E; Bharat Electronics and ITC Hotels sit close to it; Bajaj Finance and JSW Energy carry a premium. Valuation is the first filter for any 23 percent quarterly revenue growth stocks to buy list, and it is covered again in the risk section.
Why These 23 Percent Quarterly Revenue Growth Stocks to Buy Are in Focus
In this list, FY26 net profit and revenue both grew for every company, and quarterly profit in the latest reported quarter was higher than a year earlier for all five. The list covers a large non-bank lender, a public sector bank, a state-owned defence electronics maker, the hotel arm of ITC and a power producer. Investors comparing the best stocks with 23 percent quarterly revenue growth in India usually check whether sales growth turns into profit, how the shares are valued and how much debt the company carries.
Bajaj Finance: The NBFC Leader Among 23 Percent Quarterly Revenue Growth 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 1,115 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.
Bank of Maharashtra: The Growing Public Sector Bank Among 23 Percent Quarterly Revenue Growth Stocks to Buy
Bank of Maharashtra is a public sector bank with a strong presence in Maharashtra and a growing loan book. At Rs 91.79, the stock has a market capitalisation of Rs 62,225 crore and trades at 7.77 times earnings, while the industry P/E is 11.45.
Reported numbers show FY26 revenue of Rs 32,824 crore, up 15.6% year on year, with net profit at Rs 7,017 crore, up 26.6%. The September 2026 quarter added revenue of Rs 9,736 crore (up 22.1%) and net profit of Rs 2,310 crore (up 41.4%).
Return on equity is 22.53%, and the dividend yield is 1.48%. Promoters hold 73.60%, foreign institutions 6.51% and domestic institutions 13.77% as of September 2026. Domestic institutional holding has risen from 10.05% to 13.77% over the last year.
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Bharat Electronics: The Defence Electronics Maker Among 23 Percent Quarterly Revenue Growth Stocks to Buy
Bharat Electronics is a defence electronics maker supplying radars, communication and electronic warfare systems. Its market capitalisation is Rs 2,71,924 crore, the share price is Rs 404.80 and the P/E of 44.23 compares with an industry P/E of 46.93.
Over FY26, net profit rose 13.9% to Rs 6,023 crore on revenue of Rs 28,176 crore, which was up 15.0%. The latest quarter, the June 2026 quarter, brought revenue of Rs 5,717 crore, up 24.2% year on year, and net profit of Rs 1,044 crore, up 8.7%.
Return on equity is 25.27%, debt-to-equity is 0.00, and the dividend yield is 0.67%. Promoters hold 51.14%, foreign institutions 16.98% and domestic institutions 21.88% as of September 2026. Domestic institutional holding has risen from 20.88% to 21.88% over the last year.
ITC Hotels: The ITC Hotels Chain Among 23 Percent Quarterly Revenue Growth Stocks to Buy
ITC Hotels is the hotel arm of ITC, with premium brands such as ITC Hotels and Welcomhotel. The stock trades at Rs 175.39 with a market capitalisation of Rs 34,414 crore and a P/E of 36.63, against an industry P/E of 37.68.
FY26 revenue rose 19.4% to Rs 4,331 crore and net profit rose 28.8% to Rs 821 crore. In the September 2026 quarter, revenue grew 25.0% year on year to Rs 1,106 crore, while net profit grew 52.0% to Rs 203 crore.
Return on equity is 7.94%, debt-to-equity is 0.01, and the dividend yield is 0.61%. Promoters hold 39.85%, foreign institutions 11.63% and domestic institutions 17.88% as of September 2026. A point to keep in view: return on equity is a modest 7.94%.
JSW Energy: The Growing Power Producer Among 23 Percent Quarterly Revenue Growth Stocks to Buy
JSW Energy is a power producer building thermal, hydro and renewable capacity. At Rs 519.65, the stock has a market capitalisation of Rs 93,508 crore and trades at 33.69 times earnings, while the industry P/E is 19.93.
Reported numbers show FY26 revenue of Rs 19,878 crore, up 57.3% year on year, with net profit at Rs 2,762 crore, up 39.3%. The September 2026 quarter added revenue of Rs 6,658 crore (up 24.2%) and net profit of Rs 1,141 crore (up 38.4%).
Return on equity is 6.32%, debt-to-equity is 2.25, and the dividend yield is 0.38%. Promoters hold 66.53%, foreign institutions 10.91% and domestic institutions 16.71% as of September 2026. Domestic institutional holding has risen from 14.43% to 16.71% over the last year. A point to keep in view: return on equity is a modest 6.32%.
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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 23 percent quarterly revenue growth stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Bajaj Finance | 19.1% | 15.2% | Sep 2026 | 22.9% | 28.7% |
| Bank of Maharashtra | 15.6% | 26.6% | Sep 2026 | 22.1% | 41.4% |
| Bharat Electronics | 15.0% | 13.9% | Jun 2026 | 24.2% | 8.7% |
| ITC Hotels | 19.4% | 28.8% | Sep 2026 | 25.0% | 52.0% |
| JSW Energy | 57.3% | 39.3% | Sep 2026 | 24.2% | 38.4% |
Factors That Move 23 Percent Quarterly Revenue Growth Stocks to Buy
Four factors tend to drive 23 percent quarterly revenue growth stocks, and each one is worth checking before a purchase.
- Quarterly growth: Revenue rose about 22% to 25% year on year.
- Dividends: Bank of Maharashtra yields about 1.5%.
- Return on equity: Bharat Electronics leads at about 25%.
- Valuation: P/E runs from about 8 to 44.
Risks to Keep in Mind Before Buying 23 Percent Quarterly Revenue Growth Stocks
The first risk is that Bharat Electronics trades at a P/E near 44 and ITC Hotels near 37, while Bank of Maharashtra trades near 8, so expectations differ widely. The second is that Bajaj Finance carries the highest borrowings of the five as a lender and bank earnings follow asset quality. Check results every quarter.
On the numbers, Bharat Electronics trades at the highest P/E on this list at 44.23, so its earnings need to keep growing to support the price. 23 Percent Quarterly Revenue Growth 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 23 Percent Quarterly Revenue Growth Stocks to Buy
- Compare growth: JSW Energy grew FY26 profit most, by about 39%.
- Check P/E: Bank of Maharashtra trades lowest.
- Read the yield: Bank of Maharashtra pays the most.
- Spread sectors: Mix lending, banking, defence electronics, hotels and power.
How to Invest in 23 Percent Quarterly Revenue Growth 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
Bank of Maharashtra offers the lowest P/E on this list at 7.77, Bharat Electronics has the highest return on equity at 25.27%, and JSW Energy posted the fastest net profit growth in its latest full year at 39.3%. Among the best 23 percent quarterly revenue growth 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 23 percent quarterly revenue growth 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 23 Percent Quarterly Revenue Growth Stocks to Buy
Which are the best 23 percent quarterly revenue growth stocks to buy in November 2026?
Ans. The five 23 percent quarterly revenue growth stocks on the November 2026 watchlist are Bajaj Finance, Bank of Maharashtra, Bharat Electronics, ITC Hotels and JSW Energy. Bank of Maharashtra has the lowest P/E at 7.77, Bharat Electronics has the highest ROE at 25.27%, and JSW Energy grew net profit 39.3% 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 23 Percent Quarterly Revenue Growth 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 23 percent quarterly revenue growth stocks expensive right now?
Ans. Valuations vary across the group. Bajaj Finance trades at a P/E of 25.88, Bank of Maharashtra trades at a P/E of 7.77, Bharat Electronics trades at a P/E of 44.23, ITC Hotels trades at a P/E of 36.63, JSW Energy trades at a P/E of 33.69, against industry multiples ranging from 11.45 to 46.93. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these 23 percent quarterly revenue growth stocks pay a dividend?
Ans. Dividend yields on this list are Bajaj Finance 0.65%, Bank of Maharashtra 1.48%, Bharat Electronics 0.67%, ITC Hotels 0.61%, JSW Energy 0.38%. 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. Bharat Electronics has the highest ROE on this list at 25.27%, followed by Bank of Maharashtra at 22.53% and Bajaj Finance at 17.61%. 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 23 percent quarterly revenue growth stocks?
Ans. The main risks are high valuations at two names, borrowings at the lender and asset quality at the bank. On this list, Bharat Electronics trades at the highest P/E of 44.23, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in 23 percent quarterly revenue growth 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.
