Under Rs 3100 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. Mphasis Rs 2,510. Muthoot Rs 2,839. SRF Rs 2,485. TCS Rs 2,496. NSE closing prices, 5 Nov 2026.
Quick Answer
Five under Rs 3100 stocks to buy on the November 2026 watchlist are HDFC Asset Management Company, Mphasis, Muthoot Finance, SRF and Tata Consultancy Services. All five grew revenue in their latest full year, and all five also grew net profit. Muthoot Finance has the lowest P/E at 8.46, while Tata Consultancy Services leads on return on equity at 43.37%. Check each valuation against your own risk appetite before acting.
The under Rs 3100 stocks to buy in November 2026 start with five listed names: HDFC Asset Management Company, Mphasis, Muthoot Finance, SRF and Tata Consultancy Services. Stocks under Rs 3,100 include a specialty chemicals maker, two IT services companies, an asset management company and a gold loan company, priced from about Rs 2,485 to Rs 2,839. Tata Consultancy Services and Mphasis are part of the Nifty IT index.
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 3100 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 3100 Stocks to Buy in November 2026?
The best under Rs 3100 stocks to buy in November 2026 for a watchlist are HDFC Asset Management Company, Mphasis, Muthoot Finance, SRF and Tata Consultancy Services. 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% |
| Mphasis | 2,510 | Rs 48,565 crore | 25.42 | 17.34% | 2.44% |
| Muthoot Finance | 2,839 | Rs 96,935 crore | 8.46 | 28.01% | 1.24% |
| SRF | 2,485 | Rs 69,630 crore | 30.50 | 14.92% | 0.38% |
| Tata Consultancy Services | 2,496 | Rs 8,89,326 crore | 17.15 | 43.37% | 4.48% |
On valuation, Muthoot Finance trades below the industry P/E; SRF and Tata Consultancy Services sit close to it; HDFC Asset Management Company and Mphasis carry a premium. Valuation is the first filter for any under Rs 3100 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 3100 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 maker of specialty chemicals and packaging films, India’s largest IT services company, a mid sized IT services company, a leading mutual fund house and a gold loan lender, all of which closed below Rs 3,100 on the NSE on 5 November. Investors searching for the best stocks under Rs 3,100 in India should check earnings, valuation and debt.
HDFC Asset Management Company: The Mutual Fund Leader Among Under Rs 3100 Stocks to Buy
HDFC Asset Management Company is one of India’s largest mutual fund managers. At Rs 2,640, the stock has a market capitalisation of Rs 99,451 crore and trades at 33.40 times earnings, while the industry P/E is 16.15.
Reported numbers show FY26 revenue of Rs 4,622 crore, up 13.8% year on year, with net profit at Rs 2,858 crore, up 16.2%. The September 2026 quarter added revenue of Rs 1,241 crore (up 10.5%) 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.
Mphasis: The BFSI-Focused Services Name Among Under Rs 3100 Stocks to Buy
Mphasis is an IT services company focused on banking, financial services and technology clients. Its market capitalisation is Rs 48,565 crore, the share price is Rs 2,510 and the P/E of 25.42 compares with an industry P/E of 18.92.
Over FY26, net profit rose 9.4% to Rs 1,863 crore on revenue of Rs 16,206 crore, which was up 11.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 4,467 crore, up 17.1% year on year, and net profit of Rs 490 crore, up 10.8%.
Return on equity is 17.34%, debt-to-equity is 0.24, and the dividend yield is 2.44%. Promoters hold 30.53%, foreign institutions 19.39% and domestic institutions 45.85% as of September 2026. Domestic institutional holding has risen from 37.07% to 45.85% over the last year.
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Muthoot Finance: The Gold Loan Leader Among Under Rs 3100 Stocks to Buy
Muthoot Finance is India’s largest gold loan non-banking finance company. The stock trades at Rs 2,839 with a market capitalisation of Rs 96,935 crore and a P/E of 8.46, against an industry P/E of 16.13.
FY26 revenue rose 54.3% to Rs 31,263 crore and net profit rose 98.2% to Rs 10,607 crore. In the June 2026 quarter, revenue grew 34.5% year on year to Rs 8,695 crore, while net profit grew 43.1% to Rs 2,825 crore.
Return on equity is 28.01%, and the dividend yield is 1.24%. Promoters hold 73.35%, foreign institutions 9.72% and domestic institutions 11.40% as of September 2026.
SRF: The Diversified Chemicals Major Among Under Rs 3100 Stocks to Buy
SRF is a diversified maker of fluorochemicals, speciality chemicals, packaging films and technical textiles. At Rs 2,485, the stock has a market capitalisation of Rs 69,630 crore and trades at 30.50 times earnings, while the industry P/E is 33.45.
Reported numbers show FY26 revenue of Rs 15,894 crore, up 7.2% year on year, with net profit at Rs 1,835 crore, up 46.7%. The September 2026 quarter added revenue of Rs 4,929 crore (up 34.5%) and net profit of Rs 509 crore (up 31.2%).
Return on equity is 14.92%, debt-to-equity is 0.35, and the dividend yield is 0.38%. Promoters hold 50.26%, foreign institutions 15.20% and domestic institutions 22.51% as of September 2026. Domestic institutional holding has risen from 19.53% to 22.51% over the last year.
Tata Consultancy Services: The IT Services Bellwether Among Under Rs 3100 Stocks to Buy
Tata Consultancy Services is India’s largest IT services company by market capitalisation, with a global client base. Its market capitalisation is Rs 8,89,326 crore, the share price is Rs 2,496 and the P/E of 17.15 compares with an industry P/E of 17.58.
Over FY26, net profit rose 1.3% to Rs 49,454 crore on revenue of Rs 2,71,423 crore, which was up 4.7%. The latest quarter, the September 2026 quarter, brought revenue of Rs 74,525 crore, up 11.8% year on year, and net profit of Rs 13,934 crore, up 14.9%.
Return on equity is 43.37%, debt-to-equity is 0.10, and the dividend yield is 4.48%. Promoters hold 71.77%, foreign institutions 9.01% and domestic institutions 12.46% 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 3100 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% |
| Mphasis | 11.9% | 9.4% | Jun 2026 | 17.1% | 10.8% |
| Muthoot Finance | 54.3% | 98.2% | Jun 2026 | 34.5% | 43.1% |
| SRF | 7.2% | 46.7% | Sep 2026 | 34.5% | 31.2% |
| Tata Consultancy Services | 4.7% | 1.3% | Sep 2026 | 11.8% | 14.9% |
Factors That Move Under Rs 3100 Stocks to Buy
Four factors tend to drive under Rs 3100 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Chemicals, IT, asset management and gold loans differ.
- Dividends: TCS yields about 4.5%.
- Valuation: P/E runs from about 8 to 33.
Risks to Keep in Mind Before Buying Under Rs 3100 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Muthoot Finance carries the highest borrowings as a lender and gold loan earnings follow gold prices, while IT earnings follow overseas spending. Check results every quarter.
On the numbers, HDFC Asset Management Company trades at the highest P/E on this list at 33.40, so its earnings need to keep growing to support the price. Under Rs 3100 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 3100 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Muthoot Finance trades lowest.
- Read ROE: TCS leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 3100 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
Muthoot Finance offers the lowest P/E on this list at 8.46, Tata Consultancy Services has the highest return on equity at 43.37%, and Muthoot Finance posted the fastest net profit growth in its latest full year at 98.2%. Among the best under Rs 3100 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 3100 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 3100 Stocks to Buy
Which are the best under Rs 3100 stocks to buy in November 2026?
Ans. The five under Rs 3100 stocks on the November 2026 watchlist are HDFC Asset Management Company, Mphasis, Muthoot Finance, SRF and Tata Consultancy Services. Muthoot Finance has the lowest P/E at 8.46, Tata Consultancy Services has the highest ROE at 43.37%, and Muthoot Finance grew net profit 98.2% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Tata Consultancy Services a good stock to buy from this Under Rs 3100 list?
Ans. Tata Consultancy Services is the largest company on this list with a market capitalisation of Rs 8,89,326 crore and a P/E of 17.15 against an industry P/E of 17.58. Its FY26 revenue rose 4.7% and net profit rose 1.3%, with return on equity at 43.37%. 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 3100 stocks expensive right now?
Ans. Valuations vary across the group. HDFC Asset Management Company trades at a P/E of 33.40, Mphasis trades at a P/E of 25.42, Muthoot Finance trades at a P/E of 8.46, SRF trades at a P/E of 30.50, Tata Consultancy Services trades at a P/E of 17.15, against industry multiples ranging from 16.13 to 33.45. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 3100 stocks pay a dividend?
Ans. Dividend yields on this list are HDFC Asset Management Company 2.33%, Mphasis 2.44%, Muthoot Finance 1.24%, SRF 0.38%, Tata Consultancy Services 4.48%. 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. Tata Consultancy Services has the highest ROE on this list at 43.37%, followed by HDFC Asset Management Company at 34.56% and Muthoot Finance at 28.01%. 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 3100 stocks?
Ans. The main risks are price levels that say little about value, gold price swings and overseas IT spending. On this list, HDFC Asset Management Company trades at the highest P/E of 33.40, 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 3100 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.
