Under Rs 3950 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 13, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
BSE Rs 3,909. Endurance Rs 2,520. MCX Rs 3,625. Power Mech Rs 2,395. TCS Rs 2,442. NSE closing prices, 12 Nov 2026.
Quick Answer
Five under Rs 3950 stocks to buy on the November 2026 watchlist are BSE, Endurance Technologies, Multi Commodity Exchange of India, Power Mech Projects and Tata Consultancy Services. All five grew revenue in their latest full year, and all five also grew net profit. Power Mech Projects has the lowest P/E at 16.51, while Multi Commodity Exchange of India leads on return on equity at 46.75%. Check each valuation against your own risk appetite before acting.
The under Rs 3950 stocks to buy in November 2026 start with five listed names: BSE, Endurance Technologies, Multi Commodity Exchange of India, Power Mech Projects and Tata Consultancy Services. Stocks under Rs 3,950 include two exchanges, an auto components maker, a power infrastructure services company and India’s largest IT services company, priced from about Rs 2,395 to Rs 3,909. Tata Consultancy Services is part of the Nifty 50 and Nifty IT 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 3950 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 3950 Stocks to Buy in November 2026?
The best under Rs 3950 stocks to buy in November 2026 for a watchlist are BSE, Endurance Technologies, Multi Commodity Exchange of India, Power Mech Projects 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 |
|---|---|---|---|---|---|
| BSE | 3,909 | Rs 1,42,841 crore | 50.62 | 37.42% | 0.29% |
| Endurance Technologies | 2,520 | Rs 32,395 crore | 33.40 | 13.91% | 0.50% |
| Multi Commodity Exchange of India | 3,625 | Rs 82,337 crore | 53.41 | 46.75% | 0.25% |
| Power Mech Projects | 2,395 | Rs 6,940 crore | 16.51 | 14.45% | 0.07% |
| Tata Consultancy Services | 2,442 | Rs 8,89,326 crore | 17.15 | 43.37% | 4.48% |
On valuation, Power Mech Projects trades below the industry P/E; Endurance Technologies and Tata Consultancy Services sit close to it; BSE and Multi Commodity Exchange of India carry a premium. Valuation is the first filter for any under Rs 3950 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 3950 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 country’s oldest stock exchange, a maker of braking and suspension systems, the leading commodity exchange, a power infrastructure services company and the largest IT services company, all of which closed below Rs 3,950 on the NSE on 12 November. Investors searching for the best stocks under Rs 3,950 in India should check earnings, valuation and debt.
BSE: The Exchange Operator Among Under Rs 3950 Stocks to Buy
BSE is the stock exchange operator, with equity, derivatives and index businesses. The stock trades at Rs 3,909 with a market capitalisation of Rs 1,42,841 crore and a P/E of 50.62, against an industry P/E of 42.66.
FY26 revenue rose 59.1% to Rs 5,148 crore and net profit rose 87.9% to Rs 2,475 crore. In the June 2026 quarter, revenue grew 63.4% year on year to Rs 1,707 crore, while net profit grew 62.2% to Rs 873 crore.
Return on equity is 37.42%, and the dividend yield is 0.29%. The company has no identified promoter, with foreign institutions holding 17.10% and domestic institutions 25.89% as of September 2026. Domestic institutional holding has risen from 19.43% to 25.89% over the last year.
Endurance Technologies: The Two-Wheeler Parts Specialist Among Under Rs 3950 Stocks to Buy
Endurance Technologies is a maker of suspension, braking and casting parts for two-wheelers and cars, with a European subsidiary. At Rs 2,520, the stock has a market capitalisation of Rs 32,395 crore and trades at 33.40 times earnings, while the industry P/E is 36.13.
Reported numbers show FY26 revenue of Rs 14,720 crore, up 26.1% year on year, with net profit at Rs 952 crore, up 13.8%. The June 2026 quarter added revenue of Rs 4,348 crore (up 29.6%) and net profit of Rs 245 crore (up 8.0%).
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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Multi Commodity Exchange of India: The Commodity Exchange Among Under Rs 3950 Stocks to Buy
Multi Commodity Exchange of India is India’s leading commodity derivatives exchange. Its market capitalisation is Rs 82,337 crore, the share price is Rs 3,625 and the P/E of 53.41 compares with an industry P/E of 42.66.
Over FY26, net profit rose 137.8% to Rs 1,332 crore on revenue of Rs 2,429 crore, which was up 100.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 752 crore, up 85.3% year on year, and net profit of Rs 413 crore, up 103.5%.
Return on equity is 46.75%, and the dividend yield is 0.25%. The company has no identified promoter, with foreign institutions holding 27.07% and domestic institutions 54.17% as of September 2026. Foreign institutional holding has risen from 19.00% to 27.07% over the last year.
Power Mech Projects: The Power Services Contractor Among Under Rs 3950 Stocks to Buy
Power Mech Projects is an engineering services company for power plants and infrastructure. The stock trades at Rs 2,395 with a market capitalisation of Rs 6,940 crore and a P/E of 16.51, against an industry P/E of 21.97.
FY26 revenue rose 15.7% to Rs 6,107 crore and net profit rose 18.5% to Rs 412 crore. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit grew 10.9% to Rs 89.3 crore.
Return on equity is 14.45%, debt-to-equity is 0.26, and the dividend yield is 0.07%. Promoters hold 58.42%, foreign institutions 6.34% and domestic institutions 20.76% as of September 2026.
Tata Consultancy Services: The IT Services Bellwether Among Under Rs 3950 Stocks to Buy
Tata Consultancy Services is India’s largest IT services company by market capitalisation, with a global client base. At Rs 2,442, the stock has a market capitalisation of Rs 8,89,326 crore and trades at 17.15 times earnings, while the industry P/E is 17.58.
Reported numbers show FY26 revenue of Rs 2,71,423 crore, up 4.7% year on year, with net profit at Rs 49,454 crore, up 1.3%. The September 2026 quarter added revenue of Rs 74,525 crore (up 11.8%) 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 3950 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| BSE | 59.1% | 87.9% | Jun 2026 | 63.4% | 62.2% |
| Endurance Technologies | 26.1% | 13.8% | Jun 2026 | 29.6% | 8.0% |
| Multi Commodity Exchange of India | 100.9% | 137.8% | Jun 2026 | 85.3% | 103.5% |
| Power Mech Projects | 15.7% | 18.5% | Jun 2026 | 25.1% | 10.9% |
| Tata Consultancy Services | 4.7% | 1.3% | Sep 2026 | 11.8% | 14.9% |
Factors That Move Under Rs 3950 Stocks to Buy
Four factors tend to drive under Rs 3950 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Exchanges, auto parts, power services and IT differ.
- Dividends: Tata Consultancy Services yields about 4.5%.
- Valuation: P/E runs from about 17 to 53.
Risks to Keep in Mind Before Buying Under Rs 3950 Stocks
The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Multi Commodity Exchange of India trades at a P/E near 53 and BSE near 51, while Power Mech Projects trades near 17, Power Mech Projects is valued at only about Rs 6,900 crore, and exchange earnings follow trading volumes. Check results every quarter.
On the numbers, Multi Commodity Exchange of India trades at the highest P/E on this list at 53.41, so its earnings need to keep growing to support the price. Under Rs 3950 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 3950 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Power Mech Projects trades lowest.
- Read ROE: Multi Commodity Exchange of India leads.
- Diversify: Spread across the four sectors.
How to Invest in Under Rs 3950 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
Power Mech Projects offers the lowest P/E on this list at 16.51, Multi Commodity Exchange of India has the highest return on equity at 46.75%, and Multi Commodity Exchange of India posted the fastest net profit growth in its latest full year at 137.8%. Among the best under Rs 3950 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 3950 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 3950 Stocks to Buy
Which are the best under Rs 3950 stocks to buy in November 2026?
Ans. The five under Rs 3950 stocks on the November 2026 watchlist are BSE, Endurance Technologies, Multi Commodity Exchange of India, Power Mech Projects and Tata Consultancy Services. Power Mech Projects has the lowest P/E at 16.51, Multi Commodity Exchange of India has the highest ROE at 46.75%, and Multi Commodity Exchange of India grew net profit 137.8% 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 3950 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 3950 stocks expensive right now?
Ans. Valuations vary across the group. BSE trades at a P/E of 50.62, Endurance Technologies trades at a P/E of 33.40, Multi Commodity Exchange of India trades at a P/E of 53.41, Power Mech Projects trades at a P/E of 16.51, Tata Consultancy Services trades at a P/E of 17.15, against industry multiples ranging from 17.58 to 42.66. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 3950 stocks pay a dividend?
Ans. Dividend yields on this list are BSE 0.29%, Endurance Technologies 0.50%, Multi Commodity Exchange of India 0.25%, Power Mech Projects 0.07%, 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. Multi Commodity Exchange of India has the highest ROE on this list at 46.75%, followed by Tata Consultancy Services at 43.37% and BSE at 37.42%. 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 3950 stocks?
Ans. The main risks are price levels that say little about value, trading volume swings at the exchanges and thin trading at the smallest company. On this list, Multi Commodity Exchange of India trades at the highest P/E of 53.41, 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 3950 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.
