Under Rs 2850 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 6, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
HDFC AMC Rs 2,640. RR Kabel Rs 2,014. Syrma SGS Rs 1,515. Tech M Rs 1,823. Adani Energy Solutions Rs 1,447. NSE closing prices, 5 Nov 2026.
Quick Answer
Five under Rs 2850 stocks to buy on the November 2026 watchlist are HDFC Asset Management Company, RR Kabel, Syrma SGS Technology, Tech Mahindra and Adani Energy Solutions. All five grew revenue in their latest full year, and all five also grew net profit. Tech Mahindra has the lowest P/E at 31.15, while HDFC Asset Management Company leads on return on equity at 34.56%. Check each valuation against your own risk appetite before acting.
The under Rs 2850 stocks to buy in November 2026 start with five listed names: HDFC Asset Management Company, RR Kabel, Syrma SGS Technology, Tech Mahindra and Adani Energy Solutions. Stocks under Rs 2,850 include a mutual fund manager, a wires and cables maker, an electronics manufacturer, an IT services company and a power transmission company, priced from about Rs 1,447 to Rs 2,640.
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 2850 stocks to buy to a portfolio. All prices are NSE closing prices of 5 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 2850 Stocks to Buy in November 2026?
The best under Rs 2850 stocks to buy in November 2026 for a watchlist are HDFC Asset Management Company, RR Kabel, Syrma SGS Technology, Tech Mahindra and Adani Energy Solutions. 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 |
|---|---|---|---|---|---|
| HDFC Asset Management Company | 2,640 | Rs 99,451 crore | 33.40 | 34.56% | 2.33% |
| RR Kabel | 2,014 | Rs 24,951 crore | 41.06 | 19.12% | 0.43% |
| Syrma SGS Technology | 1,515 | Rs 30,193 crore | 75.17 | 11.10% | 0.10% |
| Tech Mahindra | 1,823 | Rs 1,73,545 crore | 31.15 | 18.62% | 2.88% |
| Adani Energy Solutions | 1,447 | Rs 1,66,444 crore | 42.70 | 11.85% | 0.00% |
On valuation, RR Kabel and Syrma SGS Technology sit close to it; HDFC Asset Management Company, Tech Mahindra and Adani Energy Solutions carry a premium. Valuation is the first filter for any under Rs 2850 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 2850 Stocks to Buy Are in Focus
A higher share price does not make a stock better or worse value, because value depends on earnings and the number of shares. The list covers one of India’s largest mutual fund managers, a wires and cables maker that also sells fans and lighting, an electronics manufacturing services company, a global IT services company and a power transmission and distribution company, all of which closed below Rs 2,850 on the NSE on 5 November. Investors searching for the best stocks under Rs 2,850 in India should check earnings, valuation and debt.
HDFC Asset Management Company: The Mutual Fund Leader Among Under Rs 2850 Stocks to Buy
HDFC Asset Management Company is one of India’s largest mutual fund managers. Its market capitalisation is Rs 99,451 crore, the share price is Rs 2,640 and the P/E of 33.40 compares with an industry P/E of 16.15.
Over FY26, net profit rose 16.2% to Rs 2,858 crore on revenue of Rs 4,622 crore, which was up 13.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,241 crore, up 10.5% year on year, and net profit of Rs 749 crore, up 4.2%.
Return on equity is 34.56%, and the dividend yield is 2.33%. Promoters hold 52.29%, foreign institutions 24.07% and domestic institutions 14.57% as of September 2026.
RR Kabel: A Cables Name With Consumer Reach Among Under Rs 2850 Stocks to Buy
RR Kabel is a wires and cables maker that also sells fans, lighting and other consumer electricals. The stock trades at Rs 2,014 with a market capitalisation of Rs 24,951 crore and a P/E of 41.06, against an industry P/E of 39.42.
FY26 revenue rose 27.5% to Rs 9,779 crore and net profit rose 58.0% to Rs 492 crore. In the September 2026 quarter, revenue grew 51.5% year on year to Rs 3,303 crore, while net profit grew 55.3% to Rs 181 crore.
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.
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Syrma SGS Technology: The Diversified EMS Name Among Under Rs 2850 Stocks to Buy
Syrma SGS Technology is an electronics manufacturing services company serving industrial, automotive and healthcare customers. At Rs 1,515, the stock has a market capitalisation of Rs 30,193 crore and trades at 75.17 times earnings, while the industry P/E is 72.49.
Reported numbers show FY26 revenue of Rs 4,857 crore, up 26.6% year on year, with net profit at Rs 346 crore, up 87.5%. The June 2026 quarter added revenue of Rs 1,604 crore (up 67.0%) and net profit of Rs 106 crore (up 111.7%).
Return on equity is 11.10%, debt-to-equity is 0.14, and the dividend yield is 0.10%. Promoters hold 41.63%, foreign institutions 9.51% and domestic institutions 13.54% as of September 2026. Foreign institutional holding has risen from 7.02% to 9.51% over the last year. A point to keep in view: at a P/E of 75.17, expectations are already high.
Tech Mahindra: The Telecom-Focused Services Name Among Under Rs 2850 Stocks to Buy
Tech Mahindra is a global IT services company with a strong telecom client base. Its market capitalisation is Rs 1,73,545 crore, the share price is Rs 1,823 and the P/E of 31.15 compares with an industry P/E of 18.92.
Over FY26, net profit rose 13.0% to Rs 4,806 crore on revenue of Rs 56,847 crore, which was up 5.6%. The latest quarter, the September 2026 quarter, brought revenue of Rs 16,173 crore, up 15.2% year on year, and net profit of Rs 1,610 crore, up 34.0%.
Return on equity is 18.62%, debt-to-equity is 0.07, and the dividend yield is 2.88%. Promoters hold 34.96%, foreign institutions 20.77% and domestic institutions 35.68% as of September 2026. Domestic institutional holding has risen from 34.64% to 35.68% over the last year.
Adani Energy Solutions: The Group Transmission Arm Among Under Rs 2850 Stocks to Buy
Adani Energy Solutions is a power transmission and distribution company in the Adani Group. The stock trades at Rs 1,447 with a market capitalisation of Rs 1,66,444 crore and a P/E of 42.70, against an industry P/E of 19.93.
FY26 revenue rose 15.9% to Rs 28,325 crore and net profit rose 159.6% to Rs 2,393 crore. In the September 2026 quarter, revenue grew 51.3% year on year to Rs 10,239 crore, while net profit grew 144.8% to Rs 1,364 crore.
Return on equity is 11.85%, debt-to-equity is 1.65, and the dividend yield is negligible. Promoters hold 73.39%, foreign institutions 9.56% and domestic institutions 13.61% as of September 2026. Domestic institutional holding has risen from 10.14% to 13.61% over the last year. A point to keep in view: debt is higher than most names on this list.
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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 2850 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| HDFC Asset Management Company | 13.8% | 16.2% | Sep 2026 | 10.5% | 4.2% |
| RR Kabel | 27.5% | 58.0% | Sep 2026 | 51.5% | 55.3% |
| Syrma SGS Technology | 26.6% | 87.5% | Jun 2026 | 67.0% | 111.7% |
| Tech Mahindra | 5.6% | 13.0% | Sep 2026 | 15.2% | 34.0% |
| Adani Energy Solutions | 15.9% | 159.6% | Sep 2026 | 51.3% | 144.8% |
Factors That Move Under Rs 2850 Stocks to Buy
Four factors tend to drive under Rs 2850 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Asset management, cables, electronics, IT and power differ.
- Return on equity: HDFC AMC leads at about 35%.
- Dividends: Tech Mahindra yields about 2.9%.
Risks to Keep in Mind Before Buying Under Rs 2850 Stocks
The first risk is that a share price says little about value, so earnings and valuation matter more. The second is that Syrma SGS trades at a P/E above 75 and Adani Energy Solutions carries the highest borrowings. Check results every quarter.
On the numbers, Syrma SGS Technology trades at the highest P/E on this list at 75.17, so its earnings need to keep growing to support the price. Under Rs 2850 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 2850 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Tech Mahindra trades lowest.
- Read dividends: Tech Mahindra yields the most.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 2850 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
Tech Mahindra offers the lowest P/E on this list at 31.15, HDFC Asset Management Company has the highest return on equity at 34.56%, and Adani Energy Solutions posted the fastest net profit growth in its latest full year at 159.6%. Among the best under Rs 2850 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 2850 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 2850 Stocks to Buy
Which are the best under Rs 2850 stocks to buy in November 2026?
Ans. The five under Rs 2850 stocks on the November 2026 watchlist are HDFC Asset Management Company, RR Kabel, Syrma SGS Technology, Tech Mahindra and Adani Energy Solutions. Tech Mahindra has the lowest P/E at 31.15, HDFC Asset Management Company has the highest ROE at 34.56%, and Adani Energy Solutions grew net profit 159.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Tech Mahindra a good stock to buy from this Under Rs 2850 list?
Ans. Tech Mahindra is the largest company on this list with a market capitalisation of Rs 1,73,545 crore and a P/E of 31.15 against an industry P/E of 18.92. Its FY26 revenue rose 5.6% and net profit rose 13.0%, with return on equity at 18.62%. 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 2850 stocks expensive right now?
Ans. Valuations vary across the group. HDFC Asset Management Company trades at a P/E of 33.40, RR Kabel trades at a P/E of 41.06, Syrma SGS Technology trades at a P/E of 75.17, Tech Mahindra trades at a P/E of 31.15, Adani Energy Solutions trades at a P/E of 42.70, against industry multiples ranging from 16.15 to 72.49. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 2850 stocks pay a dividend?
Ans. Dividend yields on this list are HDFC Asset Management Company 2.33%, RR Kabel 0.43%, Syrma SGS Technology 0.10%, Tech Mahindra 2.88%. 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. HDFC Asset Management Company has the highest ROE on this list at 34.56%, followed by RR Kabel at 19.12% and Tech Mahindra at 18.62%. 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 2850 stocks?
Ans. The main risks are high valuations at several names, market-linked income at the fund manager and borrowings at the power company. On this list, Syrma SGS Technology trades at the highest P/E of 75.17, 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 2850 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.
