4 Largecap Stocks Under Rs 1,000 to Watch for Future Multibagger Potential: HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
HDFC Bank Rs 692.80. Bajaj Finance Rs 928.95. Hindustan Zinc Rs 496. Varun Beverages Rs 395.10. Market caps from Rs 1.49 lakh crore to Rs 11.23 lakh crore. Data as of 23 Oct 2026.
Quick Answer
HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages are the 4 picks in this stocks under Rs 1,000 watchlist, with market caps between Rs 1.49 lakh crore and Rs 11.23 lakh crore. HDFC Bank stands out for the largest market cap at Rs 11,22,628 crore, while Bajaj Finance offers 19.09% revenue growth in FY26. PE ratios run from 13.12 to 43.83, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Stocks under Rs 1,000 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages meet that test, with market caps from Rs 1.49 lakh crore to Rs 11.23 lakh crore and HDFC Bank offering the largest market cap at Rs 11,22,628 crore. Each of these companies has a share price below Rs 1,000 and a return on equity above 12 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a share price below Rs 1,000 and a return on equity above 12 per cent, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks under Rs 1,000 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks Under Rs 1,000 and Why Do They Attract Multibagger Interest?
Stocks under Rs 1,000 are shares of large companies that trade below Rs 1,000 each, which keeps the entry ticket modest. The four here cover private banking, consumer finance, zinc and beverages.
Share price is only the entry ticket, so judge each company on growth and returns. For stocks under Rs 1,000, both FY26 and the latest quarter showed growth. Investors researching stocks under Rs 1,000 get a fuller picture by reading growth and valuation together. The table below lines up stocks under Rs 1,000 on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use stocks under Rs 1,000 as a starting point for your own research.
Stocks Under Rs 1,000 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 23 October 2026. Hindustan Zinc combines the lowest PE of the group, 13.12, with the highest return on equity, 61.13%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| HDFC Bank | 692.80 | 11,22,628 | 13.61 | 11.94 | 13.14% | 1.87 | 681.90 to 1,020.50 |
| Bajaj Finance | 928.95 | 6,02,984 | 29.21 | 17.68 | 16.68% | 5.29 | 787.90 to 1,176.40 |
| Hindustan Zinc | 496 | 2,23,984 | 13.12 | 12.27 | 61.13% | 9.90 | 412.25 to 609.05 |
| Varun Beverages | 395.10 | 1,49,439 | 43.83 | 34.68 | 15.51% | 7.63 | 381.00 to 555.80 |
HDFC Bank: 20.04% Profit CAGR Since FY22
HDFC Bank is India’s largest private sector bank by assets and serves retail, business and corporate customers through a wide branch and digital network. It reported FY26 total income of Rs 4,95,462.81 crore, up 5.21% year on year, and net profit of Rs 79,219.46 crore, up 7.87%. Net profit has compounded at 20.04% a year since FY22, while total income has grown 31.11% a year.
In the September 2026 quarter, total income rose 9.11% to Rs 1,29,358.69 crore and net profit grew 5.76% to Rs 21,537.09 crore. Domestic institutions raised their holding from 36.26% in September 2025 to 43.63% in September 2026. The stock trades at a PE of 13.61 against an industry PE of 11.94, with a return on equity of 13.14%. The dividend yield is 2.13%.
Bajaj Finance: 28.78% Profit CAGR Since FY22
Bajaj Finance is a large NBFC offering consumer, SME, commercial and mortgage loans along with deposits and payment services. It reported FY26 total income of Rs 81,989.50 crore, up 19.09% year on year, and net profit of Rs 19,332.36 crore, up 15.21%. Net profit has compounded at 28.78% a year since FY22, while total income has grown 26.88% a year.
The stock trades at a PE of 29.21 against an industry PE of 17.68, with a return on equity of 16.68%. In the June 2026 quarter, total income rose 18.63% to Rs 23,166.42 crore and net profit grew 27.60% to Rs 6,080.60 crore. Domestic institutions raised their holding from 14.47% in September 2025 to 17.05% in September 2026.
Hindustan Zinc: Return on Equity of 61.13%
Hindustan Zinc is among the world’s largest integrated zinc producers and also produces lead and silver. It reported FY26 revenue of Rs 41,934 crore, up 19.59% year on year, and net profit of Rs 13,832 crore, up 33.60%. Net profit has compounded at 9.48% a year since FY22, while revenue has grown 8.15% a year. Operating margin was 56.75% in FY26. The debt-to-equity ratio is 0.39.
In the June 2026 quarter, revenue rose 74.70% to Rs 14,063 crore and net profit grew 144.81% to Rs 5,469 crore. Foreign investors raised their holding from 1.31% in September 2025 to 2.36% in September 2026. The stock trades at a PE of 13.12 against an industry PE of 12.27, with a return on equity of 61.13%. The dividend yield is 1.89%.
Varun Beverages: 42.33% Profit CAGR Since CY21
Varun Beverages is among the largest PepsiCo franchisees outside the United States, bottling and distributing beverages in India and abroad. It reported CY25 revenue of Rs 22,037.73 crore, up 9.48% year on year, and net profit of Rs 3,062.04 crore, up 16.24%. Net profit has compounded at 42.33% a year since CY21, while revenue has grown 25.47% a year. Operating margin was 24.40% in CY25. The debt-to-equity ratio is 0.13, which keeps interest costs low.
The stock trades at a PE of 43.83 against an industry PE of 34.68, with a return on equity of 15.51%. In the June 2026 quarter, revenue rose 20.92% to Rs 8,754.95 crore and net profit grew 15.08% to Rs 1,525.36 crore. The share price has gained 257.59% over five years. Domestic institutions raised their holding from 11.79% in September 2025 to 16.34% in September 2026.
Stocks Under Rs 1,000: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks under Rs 1,000. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| HDFC Bank | 4,95,462.81 | 79,219.46 | 5.21% | 31.11% | 20.04% |
| Bajaj Finance | 81,989.50 | 19,332.36 | 19.09% | 26.88% | 28.78% |
| Hindustan Zinc | 41,934 | 13,832 | 19.59% | 8.15% | 9.48% |
| Varun Beverages | 22,037.73 (CY25) | 3,062.04 (CY25) | 9.48% | 25.47% | 42.33% |
Check the Univest Screener for live data on these stocks under Rs 1,000
Institutional Holding in HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages
Institutional holding shows who is backing these stocks under Rs 1,000 alongside the promoter. The table uses the latest reported quarter for each. HDFC Bank has the deepest institutional backing, with FII and DII together holding 83.03% as of September 2026. Domestic institutions increased their holding over the past year in HDFC Bank (from 36.26% to 43.63%), Bajaj Finance (from 14.47% to 17.05%) and Varun Beverages (from 11.79% to 16.34%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| HDFC Bank | Nil | 39.40% | 43.63% | 16.97% | September 2026 |
| Bajaj Finance | 54.67% | 19.79% | 17.05% | 8.49% | September 2026 |
| Hindustan Zinc | 60.71% | 2.36% | 4.85% | 32.07% | September 2026 |
| Varun Beverages | 59.43% | 17.53% | 16.34% | 6.70% | September 2026 |
Risks to Weigh in Stocks Under Rs 1,000
Being careful with stocks under Rs 1,000 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Bajaj Finance trades at a PE of 29.21 against an industry PE of 17.68, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks Under Rs 1,000
Picking from stocks under Rs 1,000 comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (11.94 to 34.68) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages live prices.
Conclusion
Among stocks under Rs 1,000, HDFC Bank stands out for the largest market cap at Rs 11,22,628 crore, Bajaj Finance for 19.09% revenue growth in FY26, Hindustan Zinc for the highest return on equity at 61.13% and Varun Beverages for the fastest profit growth, 42.33% a year since CY21. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing stocks under Rs 1,000 should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
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 Stocks Under Rs 1,000 to Watch
Which are the best stocks under Rs 1,000 to watch for multibagger potential?
Ans. HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages are the 4 names this list highlights, with market caps of Rs 11,22,628 crore, Rs 6,02,984 crore, Rs 2,23,984 crore and Rs 1,49,439 crore respectively. HDFC Bank is notable for the largest market cap at Rs 11,22,628 crore. Bajaj Finance stands out for 19.09% revenue growth in FY26. Hindustan Zinc offers the highest return on equity at 61.13%. Varun Beverages brings the fastest profit growth, 42.33% a year since CY21. These are watchlist names for stocks under Rs 1,000, not recommendations, so match each one to your own risk profile and time horizon.
Is Hindustan Zinc a good stock for long-term investors?
Ans. Hindustan Zinc has a return on equity of 61.13%, a PE of 13.12 against an industry PE of 12.27 and a market cap of Rs 2,23,984 crore. Net profit has compounded at 9.48% a year since FY22, and FY26 revenue rose 19.59% while June 2026 quarter net profit grew 144.81%. Long-term returns in stocks under Rs 1,000 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Varun Beverages become a multibagger from here?
Ans. Varun Beverages has already gained 257.59% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks under Rs 1,000 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 42.33% a year since CY21, and CY25 revenue rose 9.48%. At a PE of 43.83 against an industry PE of 34.68, valuation should be checked against that growth before investing.
What is the market cap of HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages?
Ans. As of 23 October 2026, HDFC Bank has a market cap of Rs 11,22,628 crore, Bajaj Finance has a market cap of Rs 6,02,984 crore, Hindustan Zinc has a market cap of Rs 2,23,984 crore and Varun Beverages has a market cap of Rs 1,49,439 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks under Rs 1,000.
What are the risks of investing in stocks under Rs 1,000?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Bajaj Finance trades at a PE of 29.21 against an industry PE of 17.68, so earnings growth needs to hold up.
Why is Bajaj Finance trading at a PE of 29.21?
Ans. Bajaj Finance’s PE of 29.21 compares with an industry PE of 17.68. The market is paying a premium for a return on equity of 16.68%, profit growth of 28.78% a year since FY22 and latest-quarter profit growth of 27.60%, which also means the stock is more sensitive if growth slows. Investors in stocks under Rs 1,000 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in HDFC Bank, Bajaj Finance, Hindustan Zinc and Varun Beverages?
Ans. As of the latest reported quarter, FII and DII together hold 83.03% of HDFC Bank (39.40% and 43.63%), 36.84% of Bajaj Finance (19.79% and 17.05%), 7.21% of Hindustan Zinc (2.36% and 4.85%) and 33.87% of Varun Beverages (17.53% and 16.34%). Rising institutional holding is a useful signal in stocks under Rs 1,000, though it should be read with earnings trends rather than on its own.
