Under Rs 3400 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 10, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Avalon Rs 1,856. Endurance Rs 2,486. Lupin Rs 2,025. Phoenix Rs 2,147. TCS Rs 2,475. NSE closing prices, 9 Nov 2026.
Quick Answer
Five under Rs 3400 stocks to buy on the November 2026 watchlist are Avalon Technologies, Endurance Technologies, Lupin, Phoenix Mills and Tata Consultancy Services. All five grew revenue in their latest full year, and all five also grew net profit. Lupin has the lowest P/E at 16.46, 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 3400 stocks to buy in November 2026 start with five listed names: Avalon Technologies, Endurance Technologies, Lupin, Phoenix Mills and Tata Consultancy Services. Stocks under Rs 3,400 include an electronics manufacturer, a pharma company, a mall developer, India’s largest IT company and an auto components maker, priced from about Rs 1,856 to Rs 2,486. Tata Consultancy Services is part of the Nifty IT index and Lupin is part of the Nifty Pharma 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 3400 stocks to buy to a portfolio. All prices are NSE closing prices of 9 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 3400 Stocks to Buy in November 2026?
The best under Rs 3400 stocks to buy in November 2026 for a watchlist are Avalon Technologies, Endurance Technologies, Lupin, Phoenix Mills 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 |
|---|---|---|---|---|---|
| Avalon Technologies | 1,856 | Rs 13,719 crore | 102.66 | 15.65% | 0.00% |
| Endurance Technologies | 2,486 | Rs 32,395 crore | 33.40 | 13.91% | 0.50% |
| Lupin | 2,025 | Rs 91,367 crore | 16.46 | 23.76% | 0.90% |
| Phoenix Mills | 2,147 | Rs 70,465 crore | 43.23 | 11.14% | 0.13% |
| Tata Consultancy Services | 2,475 | Rs 8,89,326 crore | 17.15 | 43.37% | 4.48% |
On valuation, Lupin trades below the industry P/E; Endurance Technologies and Tata Consultancy Services sit close to it; Avalon Technologies and Phoenix Mills carry a premium. Valuation is the first filter for any under Rs 3400 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 3400 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 an electronics manufacturing services company, a global generics and specialty pharma company, a developer of retail malls, India’s largest IT services company and a maker of auto components, all of which closed below Rs 3,400 on the NSE on 9 November. Investors searching for the best stocks under Rs 3,400 in India should check earnings, valuation and debt.
Avalon Technologies: The Export-Led EMS Name Among Under Rs 3400 Stocks to Buy
Avalon Technologies is an electronics manufacturing services company for industrial, clean energy, mobility and medical clients. Its market capitalisation is Rs 13,719 crore, the share price is Rs 1,856 and the P/E of 102.66 compares with an industry P/E of 41.86.
Over FY26, net profit rose 78.0% to Rs 113 crore on revenue of Rs 1,632 crore, which was up 46.3%. The latest quarter, the June 2026 quarter, brought revenue of Rs 487 crore, up 49.9% year on year, and net profit of Rs 34.9 crore, up 145.4%.
Return on equity is 15.65%, debt-to-equity is 0.29, and the dividend yield is negligible. Promoters hold 40.35%, foreign institutions 11.13% and domestic institutions 19.96% as of September 2026. Foreign institutional holding has risen from 10.04% to 11.13% over the last year. A point to keep in view: at a P/E of 102.66, expectations are already high.
Endurance Technologies: The Two-Wheeler Parts Specialist Among Under Rs 3400 Stocks to Buy
Endurance Technologies is a maker of suspension, braking and casting parts for two-wheelers and cars, with a European subsidiary. The stock trades at Rs 2,486 with a market capitalisation of Rs 32,395 crore and a P/E of 33.40, against an industry P/E of 36.13.
FY26 revenue rose 26.1% to Rs 14,720 crore and net profit rose 13.8% to Rs 952 crore. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit grew 8.0% to Rs 245 crore.
Return on equity is 13.91%, debt-to-equity is 0.19, and the dividend yield is 0.50%. Promoters hold 75.00%, foreign institutions 12.07% and domestic institutions 10.48% as of September 2026. Domestic institutional holding has risen from 9.06% to 10.48% over the last year.
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Lupin: The Global Generics Player Among Under Rs 3400 Stocks to Buy
Lupin is a global generics and specialty pharma company with strong respiratory, cardiac and anti-diabetic products. At Rs 2,025, the stock has a market capitalisation of Rs 91,367 crore and trades at 16.46 times earnings, while the industry P/E is 37.65.
Reported numbers show FY26 revenue of Rs 29,039 crore, up 26.8% year on year, with net profit at Rs 5,355 crore, up 62.0%. The June 2026 quarter added revenue of Rs 8,407 crore (up 32.5%) and net profit of Rs 1,417 crore (up 16.0%).
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.
Phoenix Mills: The Mall Owner Among Under Rs 3400 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 2,147 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.
Tata Consultancy Services: The IT Services Bellwether Among Under Rs 3400 Stocks to Buy
Tata Consultancy Services is India’s largest IT services company by market capitalisation, with a global client base. The stock trades at Rs 2,475 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.
FY26 revenue rose 4.7% to Rs 2,71,423 crore and net profit rose 1.3% to Rs 49,454 crore. In the September 2026 quarter, revenue grew 11.8% year on year to Rs 74,525 crore, while net profit grew 14.9% to Rs 13,934 crore.
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 3400 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Avalon Technologies | 46.3% | 78.0% | Jun 2026 | 49.9% | 145.4% |
| Endurance Technologies | 26.1% | 13.8% | Jun 2026 | 29.6% | 8.0% |
| Lupin | 26.8% | 62.0% | Jun 2026 | 32.5% | 16.0% |
| Phoenix Mills | 15.9% | 19.6% | Jun 2026 | 13.3% | 23.0% |
| Tata Consultancy Services | 4.7% | 1.3% | Sep 2026 | 11.8% | 14.9% |
Factors That Move Under Rs 3400 Stocks to Buy
Four factors tend to drive under Rs 3400 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Electronics, pharma, malls, IT and auto parts differ.
- Dividends: TCS yields about 4.5%.
- Valuation: P/E runs from about 16 to 103.
Risks to Keep in Mind Before Buying Under Rs 3400 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Avalon Technologies trades at a P/E above 100 while Lupin trades near 16, and mall earnings follow consumer footfall. Check results every quarter.
On the numbers, Avalon Technologies trades at the highest P/E on this list at 102.66, so its earnings need to keep growing to support the price. Under Rs 3400 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 3400 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Lupin trades lowest.
- Read ROE: TCS leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 3400 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 the lowest P/E on this list at 16.46, Tata Consultancy Services has the highest return on equity at 43.37%, and Avalon Technologies posted the fastest net profit growth in its latest full year at 78.0%. Among the best under Rs 3400 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 3400 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 3400 Stocks to Buy
Which are the best under Rs 3400 stocks to buy in November 2026?
Ans. The five under Rs 3400 stocks on the November 2026 watchlist are Avalon Technologies, Endurance Technologies, Lupin, Phoenix Mills and Tata Consultancy Services. Lupin has the lowest P/E at 16.46, Tata Consultancy Services has the highest ROE at 43.37%, and Avalon Technologies grew net profit 78.0% 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 3400 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 3400 stocks expensive right now?
Ans. Valuations vary across the group. Avalon Technologies trades at a P/E of 102.66, Endurance Technologies trades at a P/E of 33.40, Lupin trades at a P/E of 16.46, Phoenix Mills trades at a P/E of 43.23, Tata Consultancy Services trades at a P/E of 17.15, against industry multiples ranging from 17.58 to 41.86. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 3400 stocks pay a dividend?
Ans. Dividend yields on this list are Endurance Technologies 0.50%, Lupin 0.90%, Phoenix Mills 0.13%, 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 Lupin at 23.76% and Avalon Technologies at 15.65%. 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 3400 stocks?
Ans. The main risks are price levels that say little about value, a very wide spread in valuations and consumer footfall at malls. On this list, Avalon Technologies trades at the highest P/E of 102.66, 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 3400 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.