Under Rs 4200 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 6, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Schaeffler India Rs 3,561. Avenue Rs 3,420. BSE Rs 3,790. Ajanta Pharma Rs 3,282. MCX Rs 3,366. NSE closing prices, 5 Nov 2026.
Quick Answer
Five under Rs 4200 stocks to buy on the November 2026 watchlist are Schaeffler India, Avenue Supermarts, BSE, Ajanta Pharma and Multi Commodity Exchange of India. All five grew revenue in their latest full year, and all five also grew net profit. Ajanta Pharma has the lowest P/E at 38.10, 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 4200 stocks to buy in November 2026 start with five listed names: Schaeffler India, Avenue Supermarts, BSE, Ajanta Pharma and Multi Commodity Exchange of India. Stocks under Rs 4,200 include a bearings supplier, a supermarket chain, two exchange operators and a pharma company, priced from about Rs 3,282 to Rs 3,790.
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 4200 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 4200 Stocks to Buy in November 2026?
The best under Rs 4200 stocks to buy in November 2026 for a watchlist are Schaeffler India, Avenue Supermarts, BSE, Ajanta Pharma and Multi Commodity Exchange of India. 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 |
|---|---|---|---|---|---|
| Schaeffler India | 3,561 | Rs 56,806 crore | 43.26 | 20.39% | 0.96% |
| Avenue Supermarts | 3,420 | Rs 2,07,643 crore | 66.65 | 11.94% | 0.00% |
| BSE | 3,790 | Rs 1,42,841 crore | 50.62 | 37.42% | 0.29% |
| Ajanta Pharma | 3,282 | Rs 43,234 crore | 38.10 | 23.33% | 0.81% |
| Multi Commodity Exchange of India | 3,366 | Rs 82,337 crore | 53.41 | 46.75% | 0.25% |
On valuation, Schaeffler India, Avenue Supermarts and Ajanta Pharma sit close to it; BSE and Multi Commodity Exchange of India carry a premium. Valuation is the first filter for any under Rs 4200 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 4200 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 a supplier of bearings, clutch and engine parts, the owner of DMart supermarkets, the stock exchange operator BSE, a branded generics pharma company and India’s leading commodity derivatives exchange, all of which closed below Rs 4,200 on the NSE on 5 November. Investors searching for the best stocks under Rs 4,200 in India should check earnings, valuation and debt.
Schaeffler India: The Global-Backed Bearing Name Among Under Rs 4200 Stocks to Buy
Schaeffler India is a supplier of bearings, clutch and engine parts to automotive and industrial customers, part of the German Schaeffler group. At Rs 3,561, the stock has a market capitalisation of Rs 56,806 crore and trades at 43.26 times earnings, while the industry P/E is 42.17.
Reported numbers show CY2025 revenue of Rs 9,834 crore, up 17.8% year on year, with net profit at Rs 1,150 crore, up 22.5%. The September 2026 quarter added revenue of Rs 3,122 crore (up 26.8%) and net profit of Rs 349 crore (up 20.7%).
Return on equity is 20.39%, debt-to-equity is 0.01, and the dividend yield is 0.96%. Promoters hold 74.13%, foreign institutions 4.29% and domestic institutions 16.13% as of September 2026.
Avenue Supermarts: The DMart Operator Among Under Rs 4200 Stocks to Buy
Avenue Supermarts is the owner of DMart supermarkets across India. Its market capitalisation is Rs 2,07,643 crore, the share price is Rs 3,420 and the P/E of 66.65 compares with an industry P/E of 60.81.
Over FY26, net profit rose 9.7% to Rs 2,970 crore on revenue of Rs 68,895 crore, which was up 15.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 19,658 crore, up 17.7% year on year, and net profit of Rs 743 crore, up 8.5%.
Return on equity is 11.94%, debt-to-equity is 0.16, and the dividend yield is negligible. Promoters hold 74.48%, foreign institutions 8.49% and domestic institutions 7.83% as of September 2026. A point to keep in view: at a P/E of 66.65, expectations are already high.
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BSE: The Exchange Operator Among Under Rs 4200 Stocks to Buy
BSE is the stock exchange operator, with equity, derivatives and index businesses. The stock trades at Rs 3,790 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.
Ajanta Pharma: The Branded Generics Specialist Among Under Rs 4200 Stocks to Buy
Ajanta Pharma is a branded generics company with a strong presence in dermatology, ophthalmology and cardiology in India, Africa and Asia. At Rs 3,282, the stock has a market capitalisation of Rs 43,234 crore and trades at 38.10 times earnings, while the industry P/E is 37.65.
Reported numbers show FY26 revenue of Rs 5,625 crore, up 18.6% year on year, with net profit at Rs 1,056 crore, up 14.7%. The June 2026 quarter added revenue of Rs 1,697 crore (up 27.7%) and net profit of Rs 334 crore (up 30.9%).
Return on equity is 23.33%, debt-to-equity is 0.06, and the dividend yield is 0.81%. Promoters hold 63.47%, foreign institutions 7.63% and domestic institutions 21.94% as of September 2026. Domestic institutional holding has risen from 17.90% to 21.94% over the last year.
Multi Commodity Exchange of India: The Commodity Exchange Among Under Rs 4200 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 3,366 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.
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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 4200 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Schaeffler India | 17.8% | 22.5% | Sep 2026 | 26.8% | 20.7% |
| Avenue Supermarts | 15.8% | 9.7% | Sep 2026 | 17.7% | 8.5% |
| BSE | 59.1% | 87.9% | Jun 2026 | 63.4% | 62.2% |
| Ajanta Pharma | 18.6% | 14.7% | Jun 2026 | 27.7% | 30.9% |
| Multi Commodity Exchange of India | 100.9% | 137.8% | Jun 2026 | 85.3% | 103.5% |
Factors That Move Under Rs 4200 Stocks to Buy
Four factors tend to drive under Rs 4200 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Auto parts, retail, exchanges and pharma differ.
- Return on equity: MCX leads at about 47%.
- Debt: All five carry almost no debt.
Risks to Keep in Mind Before Buying Under Rs 4200 Stocks
The first risk is that a share price says little about value, so earnings and valuation matter more. The second is that all five trade at a P/E above 38, and the two exchanges depend on trading volumes. Check results every quarter.
On the numbers, Avenue Supermarts trades at the highest P/E on this list at 66.65, so its earnings need to keep growing to support the price. Under Rs 4200 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 4200 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Ajanta Pharma trades lowest.
- Read dividends: Schaeffler India yields the most.
- Diversify: Spread across the four sectors.
How to Invest in Under Rs 4200 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
Ajanta Pharma offers the lowest P/E on this list at 38.10, 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 4200 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 4200 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 4200 Stocks to Buy
Which are the best under Rs 4200 stocks to buy in November 2026?
Ans. The five under Rs 4200 stocks on the November 2026 watchlist are Schaeffler India, Avenue Supermarts, BSE, Ajanta Pharma and Multi Commodity Exchange of India. Ajanta Pharma has the lowest P/E at 38.10, 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 Avenue Supermarts a good stock to buy from this Under Rs 4200 list?
Ans. Avenue Supermarts is the largest company on this list with a market capitalisation of Rs 2,07,643 crore and a P/E of 66.65 against an industry P/E of 60.81. Its FY26 revenue rose 15.8% and net profit rose 9.7%, with return on equity at 11.94%. 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 4200 stocks expensive right now?
Ans. Valuations vary across the group. Schaeffler India trades at a P/E of 43.26, Avenue Supermarts trades at a P/E of 66.65, BSE trades at a P/E of 50.62, Ajanta Pharma trades at a P/E of 38.10, Multi Commodity Exchange of India trades at a P/E of 53.41, against industry multiples ranging from 37.65 to 60.81. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 4200 stocks pay a dividend?
Ans. Dividend yields on this list are Schaeffler India 0.96%, BSE 0.29%, Ajanta Pharma 0.81%, Multi Commodity Exchange of India 0.25%. 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. Multi Commodity Exchange of India has the highest ROE on this list at 46.75%, followed by BSE at 37.42% and Ajanta Pharma at 23.33%. 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 4200 stocks?
Ans. The main risks are high valuations across the list, trading volume cycles at the exchanges and auto demand. On this list, Avenue Supermarts trades at the highest P/E of 66.65, 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 4200 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.