Under Rs 1230 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 13, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Info Edge Rs 1,190. Lodha Rs 1,226. PNB Housing Rs 1,135. State Bank of India Rs 1,086. Sundram Rs 1,073. NSE closing prices, 12 Nov 2026.
Quick Answer
Five under Rs 1230 stocks to buy on the November 2026 watchlist are Info Edge India, Lodha Developers, PNB Housing Finance, State Bank of India and Sundram Fasteners. All five grew revenue in their latest full year, and all five also grew net profit. State Bank of India has the lowest P/E at 10.09, while Lodha Developers leads on return on equity at 14.72%. Check each valuation against your own risk appetite before acting.
The under Rs 1230 stocks to buy in November 2026 start with five listed names: Info Edge India, Lodha Developers, PNB Housing Finance, State Bank of India and Sundram Fasteners. Stocks under Rs 1,230 include an internet platform company, a real estate developer, a housing finance company, the country’s largest public sector bank and an auto fasteners maker, priced from about Rs 1,073 to Rs 1,226. State Bank of India is part of the Bank Nifty, Nifty 50 and Sensex 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 1230 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 1230 Stocks to Buy in November 2026?
The best under Rs 1230 stocks to buy in November 2026 for a watchlist are Info Edge India, Lodha Developers, PNB Housing Finance, State Bank of India and Sundram Fasteners. 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 |
|---|---|---|---|---|---|
| Info Edge India | 1,190 | Rs 75,979 crore | 34.34 | 3.82% | 0.72% |
| Lodha Developers | 1,226 | Rs 1,03,892 crore | 25.16 | 14.72% | 0.41% |
| PNB Housing Finance | 1,135 | Rs 28,897 crore | 12.30 | 11.61% | 0.72% |
| State Bank of India | 1,086 | Rs 9,04,615 crore | 10.09 | 14.29% | 1.77% |
| Sundram Fasteners | 1,073 | Rs 22,652 crore | 36.92 | 13.83% | 0.74% |
On valuation, Info Edge India, Lodha Developers, PNB Housing Finance and State Bank of India trade below the industry P/E; Sundram Fasteners sits close to it. Valuation is the first filter for any under Rs 1230 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 1230 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 the Naukri jobs platform, a large real estate developer, a housing finance company, the country’s largest public sector bank and a maker of auto fasteners, all of which closed below Rs 1,230 on the NSE on 12 November. Investors searching for the best stocks under Rs 1,230 in India should check earnings, valuation and debt.
Info Edge India: The Online Classifieds Leader Among Under Rs 1230 Stocks to Buy
Info Edge India is the owner of Naukri, 99acres and other online classifieds platforms. At Rs 1,190, the stock has a market capitalisation of Rs 75,979 crore and trades at 34.34 times earnings, while the industry P/E is 116.33.
Reported numbers show FY26 revenue of Rs 4,343 crore, up 10.7% year on year, with net profit at Rs 1,763 crore, up 34.6%. The September 2026 quarter added revenue of Rs 1,332 crore (up 37.7%) and net profit of Rs 650 crore (up 87.0%).
Return on equity is 3.82%, debt-to-equity is 0.01, and the dividend yield is 0.72%. Promoters hold 37.19%, foreign institutions 25.46% and domestic institutions 24.31% as of September 2026. Domestic institutional holding has risen from 21.67% to 24.31% over the last year. A point to keep in view: return on equity is a modest 3.82%.
Lodha Developers: The Mumbai Housing Developer Among Under Rs 1230 Stocks to Buy
Lodha Developers is a Mumbai-focused residential developer with a growing presence in other cities. Its market capitalisation is Rs 1,03,892 crore, the share price is Rs 1,226 and the P/E of 25.16 compares with an industry P/E of 31.04.
Over FY26, net profit rose 24.0% to Rs 3,431 crore on revenue of Rs 17,120 crore, which was up 20.8%. The latest quarter, the June 2026 quarter, brought revenue of Rs 5,097 crore, up 40.6% year on year, and net profit of Rs 1,373 crore, up 103.4%.
Return on equity is 14.72%, debt-to-equity is 0.42, and the dividend yield is 0.41%. Promoters hold 70.29%, foreign institutions 25.33% and domestic institutions 2.55% as of September 2026. Foreign institutional holding has risen from 24.11% to 25.33% over the last year.
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PNB Housing Finance: The Home Loan Specialist Among Under Rs 1230 Stocks to Buy
PNB Housing Finance is a housing finance company focused on home loans. The stock trades at Rs 1,135 with a market capitalisation of Rs 28,897 crore and a P/E of 12.30, against an industry P/E of 16.15.
FY26 revenue rose 10.6% to Rs 8,505 crore and net profit rose 18.3% to Rs 2,291 crore. In the September 2026 quarter, revenue grew 13.8% year on year to Rs 2,424 crore, while net profit grew 6.0% to Rs 617 crore.
Return on equity is 11.61%, and the dividend yield is 0.72%. Promoters hold 28.01%, foreign institutions 14.19% and domestic institutions 49.29% as of September 2026. Domestic institutional holding has risen from 40.69% to 49.29% over the last year.
State Bank of India: The Public Sector Anchor Among Under Rs 1230 Stocks to Buy
State Bank of India is India’s largest public sector bank, with the widest branch network in the country. At Rs 1,086, the stock has a market capitalisation of Rs 9,04,615 crore and trades at 10.09 times earnings, while the industry P/E is 11.45.
Reported numbers show FY26 revenue of Rs 7,12,644 crore, up 7.4% year on year, with net profit at Rs 85,168 crore, up 7.8%. The June 2026 quarter added revenue of Rs 1,80,062 crore (up 7.8%) and net profit of Rs 24,579 crore (up 13.7%).
Return on equity is 14.29%, and the dividend yield is 1.77%. Promoters hold 55.45%, foreign institutions 11.07% and domestic institutions 26.34% as of September 2026. Foreign institutional holding has risen from 9.57% to 11.07% over the last year.
Sundram Fasteners: The Fasteners Leader Among Under Rs 1230 Stocks to Buy
Sundram Fasteners is a maker of high-tensile fasteners, powertrain parts and wind-energy components. Its market capitalisation is Rs 22,652 crore, the share price is Rs 1,073 and the P/E of 36.92 compares with an industry P/E of 36.13.
Over FY26, net profit rose 9.4% to Rs 593 crore on revenue of Rs 6,368 crore, which was up 6.4%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,996 crore, up 29.5% year on year, and net profit of Rs 173 crore, up 13.0%.
Return on equity is 13.83%, debt-to-equity is 0.15, and the dividend yield is 0.74%. Promoters hold 46.95%, foreign institutions 11.03% and domestic institutions 22.61% 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 1230 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Info Edge India | 10.7% | 34.6% | Sep 2026 | 37.7% | 87.0% |
| Lodha Developers | 20.8% | 24.0% | Jun 2026 | 40.6% | 103.4% |
| PNB Housing Finance | 10.6% | 18.3% | Sep 2026 | 13.8% | 6.0% |
| State Bank of India | 7.4% | 7.8% | Jun 2026 | 7.8% | 13.7% |
| Sundram Fasteners | 6.4% | 9.4% | Sep 2026 | 29.5% | 13.0% |
Factors That Move Under Rs 1230 Stocks to Buy
Four factors tend to drive under Rs 1230 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Internet, real estate, housing finance, banking and fasteners differ.
- Dividends: State Bank of India yields about 1.8%.
- Valuation: P/E runs from about 10 to 37.
Risks to Keep in Mind Before Buying Under Rs 1230 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Sundram Fasteners trades at a P/E near 37 and Info Edge India near 34 while State Bank of India trades near 10, and PNB Housing Finance carries the highest borrowings of the five as a lender. Check results every quarter.
On the numbers, Sundram Fasteners trades at the highest P/E on this list at 36.92, so its earnings need to keep growing to support the price. Under Rs 1230 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 1230 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: State Bank of India trades lowest.
- Read ROE: Lodha Developers leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 1230 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
State Bank of India offers the lowest P/E on this list at 10.09, Lodha Developers has the highest return on equity at 14.72%, and Info Edge India posted the fastest net profit growth in its latest full year at 34.6%. Among the best under Rs 1230 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 1230 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 1230 Stocks to Buy
Which are the best under Rs 1230 stocks to buy in November 2026?
Ans. The five under Rs 1230 stocks on the November 2026 watchlist are Info Edge India, Lodha Developers, PNB Housing Finance, State Bank of India and Sundram Fasteners. State Bank of India has the lowest P/E at 10.09, Lodha Developers has the highest ROE at 14.72%, and Info Edge India grew net profit 34.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is State Bank of India a good stock to buy from this Under Rs 1230 list?
Ans. State Bank of India is the largest company on this list with a market capitalisation of Rs 9,04,615 crore and a P/E of 10.09 against an industry P/E of 11.45. Its FY26 revenue rose 7.4% and net profit rose 7.8%, with return on equity at 14.29%. 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 1230 stocks expensive right now?
Ans. Valuations vary across the group. Info Edge India trades at a P/E of 34.34, Lodha Developers trades at a P/E of 25.16, PNB Housing Finance trades at a P/E of 12.30, State Bank of India trades at a P/E of 10.09, Sundram Fasteners trades at a P/E of 36.92, against industry multiples ranging from 11.45 to 116.33. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 1230 stocks pay a dividend?
Ans. Dividend yields on this list are Info Edge India 0.72%, Lodha Developers 0.41%, PNB Housing Finance 0.72%, State Bank of India 1.77%, Sundram Fasteners 0.74%. 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. Lodha Developers has the highest ROE on this list at 14.72%, followed by State Bank of India at 14.29% and Sundram Fasteners at 13.83%. 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 1230 stocks?
Ans. The main risks are price levels that say little about value, borrowings at the housing lender and asset quality at the bank. On this list, Sundram Fasteners trades at the highest P/E of 36.92, 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 1230 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.
