Under Rs 1610 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 13, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
ICICI Bank Rs 1,590. Infosys Rs 1,151. JSW Steel Rs 1,352. Olectra Rs 1,045. Shriram Finance Rs 1,004. NSE closing prices, 12 Nov 2026.
Quick Answer
Five under Rs 1610 stocks to buy on the November 2026 watchlist are ICICI Bank, Infosys, JSW Steel, Olectra Greentech and Shriram Finance. All five grew revenue in their latest full year, and all five also grew net profit. JSW Steel has the lowest P/E at 9.65, while Infosys leads on return on equity at 31.03%. Check each valuation against your own risk appetite before acting.
The under Rs 1610 stocks to buy in November 2026 start with five listed names: ICICI Bank, Infosys, JSW Steel, Olectra Greentech and Shriram Finance. Stocks under Rs 1,610 include India’s second largest private sector bank, a large IT services company, a steel producer, an electric bus maker and a vehicle finance company, priced from about Rs 1,004 to Rs 1,590. ICICI Bank is part of the Bank Nifty index, Infosys is part of the Nifty 50 and Nifty IT indices and JSW Steel is part of the Nifty 50 and Nifty Metal indices.
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 1610 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 Under Rs 1610 Stocks to Buy in November 2026?
The best under Rs 1610 stocks to buy in November 2026 for a watchlist are ICICI Bank, Infosys, JSW Steel, Olectra Greentech and Shriram 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 |
|---|---|---|---|---|---|
| ICICI Bank | 1,590 | Rs 9,86,882 crore | 15.71 | 15.39% | 0.87% |
| Infosys | 1,151 | Rs 4,55,807 crore | 14.81 | 31.03% | 4.27% |
| JSW Steel | 1,352 | Rs 3,05,975 crore | 9.65 | 11.86% | 0.71% |
| Olectra Greentech | 1,045 | Rs 8,021 crore | 44.52 | 14.46% | 0.06% |
| Shriram Finance | 1,004 | Rs 1,95,730 crore | 15.43 | 11.39% | 1.04% |
On valuation, Infosys and JSW Steel trade below the industry P/E; Shriram Finance sits close to it; ICICI Bank and Olectra Greentech carry a premium. Valuation is the first filter for any under Rs 1610 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 1610 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 a large private sector bank, the country’s second largest IT services company, a large steel producer, a maker of electric buses and a vehicle finance company, all of which closed below Rs 1,610 on the NSE on 12 November. Investors searching for the best stocks under Rs 1,610 in India should check earnings, valuation and debt.
ICICI Bank: The Retail Banking Strong Suit Among Under Rs 1610 Stocks to Buy
ICICI Bank is a large private bank known for retail lending and digital banking. The stock trades at Rs 1,590 with a market capitalisation of Rs 9,86,882 crore and a P/E of 15.71, against an industry P/E of 11.43.
FY26 revenue rose 6.0% to Rs 3,12,118 crore and net profit rose 6.0% to Rs 57,673 crore. In the September 2026 quarter, revenue grew 15.8% year on year to Rs 88,161 crore, while net profit grew 21.4% to Rs 17,312 crore.
Return on equity is 15.39%, and the dividend yield is 0.87%. The company has no identified promoter, with foreign institutions holding 50.44% and domestic institutions 41.78% as of September 2026. Foreign institutional holding has risen from 45.56% to 50.44% over the last year.
Infosys: The Digital Services Major Among Under Rs 1610 Stocks to Buy
Infosys is a global software and digital services exporter with a large annual dividend payout. At Rs 1,151, the stock has a market capitalisation of Rs 4,55,807 crore and trades at 14.81 times earnings, while the industry P/E is 17.58.
Reported numbers show FY26 revenue of Rs 1,82,972 crore, up 9.8% year on year, with net profit at Rs 29,474 crore, up 10.2%. The September 2026 quarter added revenue of Rs 50,092 crore (up 10.2%) and net profit of Rs 7,838 crore (up 6.3%).
Return on equity is 31.03%, debt-to-equity is 0.09, and the dividend yield is 4.27%. Promoters hold 13.90%, foreign institutions 27.44% and domestic institutions 38.98% as of September 2026.
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JSW Steel: The Capacity-Led Steelmaker Among Under Rs 1610 Stocks to Buy
JSW Steel is one of India’s largest steelmakers by capacity, with plants in the south and west. Its market capitalisation is Rs 3,05,975 crore, the share price is Rs 1,352 and the P/E of 9.65 compares with an industry P/E of 19.82.
Over FY26, net profit rose 630.7% to Rs 25,508 crore on revenue of Rs 1,86,718 crore, which was up 10.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 54,927 crore, up 20.9% year on year, and net profit of Rs 5,359 crore, up 225.6%.
Return on equity is 11.86%, debt-to-equity is 0.62, and the dividend yield is 0.71%. Promoters hold 44.30%, foreign institutions 26.23% and domestic institutions 11.34% as of September 2026.
Olectra Greentech: The Electric Bus Maker Among Under Rs 1610 Stocks to Buy
Olectra Greentech is an electric bus manufacturer. The stock trades at Rs 1,045 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.
Shriram Finance: The Commercial Vehicle Lender Among Under Rs 1610 Stocks to Buy
Shriram Finance is a lender focused on commercial vehicle and used-truck financing. At Rs 1,004, the stock has a market capitalisation of Rs 1,95,730 crore and trades at 15.43 times earnings, while the industry P/E is 16.13.
Reported numbers show FY26 revenue of Rs 48,193 crore, up 15.1% year on year, with net profit at Rs 10,004 crore, up 6.2%. The September 2026 quarter added revenue of Rs 13,802 crore (up 15.8%) and net profit of Rs 3,677 crore (up 59.2%).
Return on equity is 11.39%, and the dividend yield is 1.04%. Promoters hold 20.30%, foreign institutions 55.64% and domestic institutions 16.36% as of September 2026. Foreign institutional holding has risen from 47.22% to 55.64% 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 1610 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| ICICI Bank | 6.0% | 6.0% | Sep 2026 | 15.8% | 21.4% |
| Infosys | 9.8% | 10.2% | Sep 2026 | 10.2% | 6.3% |
| JSW Steel | 10.1% | 630.7% | Sep 2026 | 20.9% | 225.6% |
| Olectra Greentech | 28.2% | 29.0% | Jun 2026 | 63.8% | 2.4% |
| Shriram Finance | 15.1% | 6.2% | Sep 2026 | 15.8% | 59.2% |
Factors That Move Under Rs 1610 Stocks to Buy
Four factors tend to drive under Rs 1610 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Banking, IT, steel, electric buses and vehicle finance differ.
- Dividends: Infosys yields about 4.3%.
- Valuation: P/E runs from about 10 to 45.
Risks to Keep in Mind Before Buying Under Rs 1610 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Olectra Greentech trades at a P/E near 45 while JSW Steel trades near 10, Olectra Greentech is valued at only about Rs 8,000 crore, and Shriram Finance carries the highest borrowings of the four non-bank companies as a lender. 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 1610 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 1610 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: JSW Steel trades lowest.
- Read ROE: Infosys leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 1610 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
JSW Steel offers the lowest P/E on this list at 9.65, Infosys has the highest return on equity at 31.03%, and JSW Steel posted the fastest net profit growth in its latest full year at 630.7%. Among the best under Rs 1610 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 1610 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 1610 Stocks to Buy
Which are the best under Rs 1610 stocks to buy in November 2026?
Ans. The five under Rs 1610 stocks on the November 2026 watchlist are ICICI Bank, Infosys, JSW Steel, Olectra Greentech and Shriram Finance. JSW Steel has the lowest P/E at 9.65, Infosys has the highest ROE at 31.03%, and JSW Steel grew net profit 630.7% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is ICICI Bank a good stock to buy from this Under Rs 1610 list?
Ans. ICICI Bank is the largest company on this list with a market capitalisation of Rs 9,86,882 crore and a P/E of 15.71 against an industry P/E of 11.43. Its FY26 revenue rose 6.0% and net profit rose 6.0%, with return on equity at 15.39%. 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 1610 stocks expensive right now?
Ans. Valuations vary across the group. ICICI Bank trades at a P/E of 15.71, Infosys trades at a P/E of 14.81, JSW Steel trades at a P/E of 9.65, Olectra Greentech trades at a P/E of 44.52, Shriram Finance trades at a P/E of 15.43, against industry multiples ranging from 11.43 to 23.77. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 1610 stocks pay a dividend?
Ans. Dividend yields on this list are ICICI Bank 0.87%, Infosys 4.27%, JSW Steel 0.71%, Olectra Greentech 0.06%, Shriram Finance 1.04%. 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. Infosys has the highest ROE on this list at 31.03%, followed by ICICI Bank at 15.39% 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 1610 stocks?
Ans. The main risks are price levels that say little about value, steel price swings and one high valuation at a smaller company. 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 1610 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.
