Under Rs 2200 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 5, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
RR Kabel Rs 2,018. Lupin Rs 2,009. Coforge Rs 2,060. Phoenix Rs 2,080. Nilkamal Rs 1,989. NSE closing prices, 4 Nov 2026.
Quick Answer
Five under Rs 2200 stocks to buy on the November 2026 watchlist are RR Kabel, Lupin, Coforge, Phoenix Mills and Nilkamal. All five grew revenue in their latest full year, and all five also grew net profit. Lupin has both the lowest P/E at 16.46 and the highest return on equity at 23.76%. Check each valuation against your own risk appetite before acting.
The under Rs 2200 stocks to buy in November 2026 start with five listed names: RR Kabel, Lupin, Coforge, Phoenix Mills and Nilkamal. Stocks under Rs 2,200 include a cables maker, a pharma company, an IT services company, a mall developer and a plastic furniture maker, priced from about Rs 1,989 to Rs 2,080.
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 2200 stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 2200 Stocks to Buy in November 2026?
The best under Rs 2200 stocks to buy in November 2026 for a watchlist are RR Kabel, Lupin, Coforge, Phoenix Mills and Nilkamal. 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 |
|---|---|---|---|---|---|
| RR Kabel | 2,018 | Rs 24,951 crore | 41.06 | 19.12% | 0.43% |
| Lupin | 2,009 | Rs 91,367 crore | 16.46 | 23.76% | 0.90% |
| Coforge | 2,060 | Rs 86,836 crore | 41.36 | 9.80% | 0.61% |
| Phoenix Mills | 2,080 | Rs 70,465 crore | 43.23 | 11.14% | 0.13% |
| Nilkamal | 1,989 | Rs 2,983 crore | 18.73 | 8.05% | 1.00% |
On valuation, Lupin and Nilkamal trade below the industry P/E; RR Kabel sits close to it; Coforge and Phoenix Mills carry a premium. Valuation is the first filter for any under Rs 2200 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 2200 Stocks to Buy Are in Focus
Shares around Rs 2,000 sit in a price band with a tight spread, so the list compares easily. The list covers a wires and cables maker with fans and lighting, a global generics and specialty pharma company, a digital engineering and IT services company, a retail-led mall developer and a plastic furniture and storage products maker. Investors searching for the best stocks under Rs 2,200 in India should check earnings, valuation and debt.
RR Kabel: A Cables Name With Consumer Reach Among Under Rs 2200 Stocks to Buy
RR Kabel is a wires and cables maker that also sells fans, lighting and other consumer electricals. Its market capitalisation is Rs 24,951 crore, the share price is Rs 2,018 and the P/E of 41.06 compares with an industry P/E of 39.42.
Over FY26, net profit rose 58.0% to Rs 492 crore on revenue of Rs 9,779 crore, which was up 27.5%. The latest quarter, the September 2026 quarter, brought revenue of Rs 3,303 crore, up 51.5% year on year, and net profit of Rs 181 crore, up 55.3%.
Return on equity is 19.12%, debt-to-equity is 0.13, and the dividend yield is 0.43%. Promoters hold 59.32%, foreign institutions 12.51% and domestic institutions 10.25% as of September 2026. Foreign institutional holding has risen from 8.18% to 12.51% over the last year.
Lupin: The Global Generics Player Among Under Rs 2200 Stocks to Buy
Lupin is a global generics and specialty pharma company with strong respiratory, cardiac and anti-diabetic products. The stock trades at Rs 2,009 with a market capitalisation of Rs 91,367 crore and a P/E of 16.46, against an industry P/E of 37.65.
FY26 revenue rose 26.8% to Rs 29,039 crore and net profit rose 62.0% to Rs 5,355 crore. In the June 2026 quarter, revenue grew 32.5% year on year to Rs 8,407 crore, while net profit grew 16.0% to Rs 1,417 crore.
Return on equity is 23.76%, debt-to-equity is 0.29, and the dividend yield is 0.90%. Promoters hold 46.84%, foreign institutions 23.28% and domestic institutions 23.78% as of September 2026. Foreign institutional holding has risen from 20.49% to 23.28% over the last year.
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Coforge: The Mid-Cap Growth Story Among Under Rs 2200 Stocks to Buy
Coforge is a digital engineering and IT services company serving travel, banking and insurance clients. At Rs 2,060, the stock has a market capitalisation of Rs 86,836 crore and trades at 41.36 times earnings, while the industry P/E is 18.92.
Reported numbers show FY26 revenue of Rs 16,476 crore, up 34.6% year on year, with net profit at Rs 1,674 crore, up 73.8%. The September 2026 quarter added revenue of Rs 6,195 crore (up 53.8%) and net profit of Rs 605 crore (up 42.2%).
Return on equity is 9.80%, debt-to-equity is 0.27, and the dividend yield is 0.61%. The company has no identified promoter, with foreign institutions holding 24.76% and domestic institutions 43.78% as of September 2026.
Phoenix Mills: The Mall Owner Among Under Rs 2200 Stocks to Buy
Phoenix Mills is a retail-led developer that owns and operates large malls. Its market capitalisation is Rs 70,465 crore, the share price is Rs 2,080 and the P/E of 43.23 compares with an industry P/E of 31.04.
Over FY26, net profit rose 19.6% to Rs 1,557 crore on revenue of Rs 4,594 crore, which was up 15.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,115 crore, up 13.3% year on year, and net profit of Rs 394 crore, up 23.0%.
Return on equity is 11.14%, debt-to-equity is 0.48, and the dividend yield is 0.13%. Promoters hold 47.24%, foreign institutions 31.62% and domestic institutions 17.31% as of September 2026. Domestic institutional holding has risen from 15.47% to 17.31% over the last year.
Nilkamal: The Plastic Furniture Maker Among Under Rs 2200 Stocks to Buy
Nilkamal is a maker of plastic furniture and storage products. The stock trades at Rs 1,989 with a market capitalisation of Rs 2,983 crore and a P/E of 18.73, against an industry P/E of 33.18.
FY26 revenue rose 14.1% to Rs 3,792 crore and net profit rose 8.7% to Rs 116 crore. In the September 2026 quarter, revenue grew 16.3% year on year to Rs 1,129 crore, while net profit grew 101.5% to Rs 67.8 crore.
Return on equity is 8.05%, debt-to-equity is 0.27, and the dividend yield is 1.00%. Promoters hold 64.54%, foreign institutions 1.02% and domestic institutions 7.90% 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 2200 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| RR Kabel | 27.5% | 58.0% | Sep 2026 | 51.5% | 55.3% |
| Lupin | 26.8% | 62.0% | Jun 2026 | 32.5% | 16.0% |
| Coforge | 34.6% | 73.8% | Sep 2026 | 53.8% | 42.2% |
| Phoenix Mills | 15.9% | 19.6% | Jun 2026 | 13.3% | 23.0% |
| Nilkamal | 14.1% | 8.7% | Sep 2026 | 16.3% | 101.5% |
Factors That Move Under Rs 2200 Stocks to Buy
Four factors tend to drive under Rs 2200 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Cables, pharma, IT, malls and furniture differ.
- Valuation: Premium names need steady growth.
- Debt: The mall developer carries more of it.
Risks to Keep in Mind Before Buying Under Rs 2200 Stocks
The first risk is valuation, since several of these names trade at premium multiples. The second is that malls depend on consumer footfall and pharma on regulation in export markets. Check results every quarter.
On the numbers, Phoenix Mills trades at the highest P/E on this list at 43.23, so its earnings need to keep growing to support the price. Under Rs 2200 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 2200 Stocks to Buy
- Check growth: Look at revenue and profit trends.
- Study ROE: Returns show efficiency.
- Review P/E: Compare with the industry.
- Diversify: Mix defensive and cyclical names.
How to Invest in Under Rs 2200 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
Lupin offers both the lowest P/E on this list at 16.46 and the highest return on equity at 23.76%, and Coforge posted the fastest net profit growth in its latest full year at 73.8%. Among the best under Rs 2200 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 2200 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 2200 Stocks to Buy
Which are the best under Rs 2200 stocks to buy in November 2026?
Ans. The five under Rs 2200 stocks on the November 2026 watchlist are RR Kabel, Lupin, Coforge, Phoenix Mills and Nilkamal. Lupin has both the lowest P/E at 16.46 and the highest ROE at 23.76%, and Coforge grew net profit 73.8% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Lupin a good stock to buy from this Under Rs 2200 list?
Ans. Lupin is the largest company on this list with a market capitalisation of Rs 91,367 crore and a P/E of 16.46 against an industry P/E of 37.65. Its FY26 revenue rose 26.8% and net profit rose 62.0%, with return on equity at 23.76%. 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 2200 stocks expensive right now?
Ans. Valuations vary across the group. RR Kabel trades at a P/E of 41.06, Lupin trades at a P/E of 16.46, Coforge trades at a P/E of 41.36, Phoenix Mills trades at a P/E of 43.23, Nilkamal trades at a P/E of 18.73, against industry multiples ranging from 18.92 to 39.42. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 2200 stocks pay a dividend?
Ans. Dividend yields on this list are RR Kabel 0.43%, Lupin 0.90%, Coforge 0.61%, Phoenix Mills 0.13%, Nilkamal 1.00%. 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. Lupin has the highest ROE on this list at 23.76%, followed by RR Kabel at 19.12% and Phoenix Mills at 11.14%. 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 2200 stocks?
Ans. The main risks are premium valuations, footfall-linked mall income and export market regulation. On this list, Phoenix Mills trades at the highest P/E of 43.23, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in under Rs 2200 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.
