Under Rs 84 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 13, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Central Bank of India Rs 32.31. Indian Overseas Bank Rs 31.61. NHPC Rs 76.80. NMDC Rs 71.07. NTPC Green Rs 83.56. NSE closing prices, 12 Nov 2026.
Quick Answer
Five under Rs 84 stocks to buy on the November 2026 watchlist are Central Bank of India, Indian Overseas Bank, NHPC, NMDC and NTPC Green Energy. All five grew revenue in their latest full year, and all five also grew net profit. Central Bank of India has the lowest P/E at 5.48, while NMDC leads on return on equity at 21.87%. Check each valuation against your own risk appetite before acting.
The under Rs 84 stocks to buy in November 2026 start with five listed names: Central Bank of India, Indian Overseas Bank, NHPC, NMDC and NTPC Green Energy. Stocks under Rs 84 include two public sector banks, a hydropower producer, an iron ore miner and a renewable power producer, priced from about Rs 32 to Rs 84. NMDC is part of the Nifty Metal 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 84 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 84 Stocks to Buy in November 2026?
The best under Rs 84 stocks to buy in November 2026 for a watchlist are Central Bank of India, Indian Overseas Bank, NHPC, NMDC and NTPC Green Energy. 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 |
|---|---|---|---|---|---|
| Central Bank of India | 32.31 | Rs 26,448 crore | 5.48 | 12.76% | 6.16% |
| Indian Overseas Bank | 31.61 | Rs 56,306 crore | 8.45 | 18.05% | 0.00% |
| NHPC | 76.80 | Rs 77,397 crore | 18.13 | 9.09% | 2.09% |
| NMDC | 71.07 | Rs 59,485 crore | 7.98 | 21.87% | 5.17% |
| NTPC Green Energy | 83.56 | Rs 70,722 crore | 116.57 | 2.76% | 0.00% |
On valuation, Central Bank of India, Indian Overseas Bank and NMDC trade below the industry P/E; NHPC sits close to it; NTPC Green Energy carries a premium. Valuation is the first filter for any under Rs 84 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 84 Stocks to Buy Are in Focus
A low share price does not mean a stock is inexpensive, because value depends on earnings and the number of shares. The list covers two public sector banks, a large hydropower producer, the country’s largest iron ore miner and a renewable power producer, all of which closed below Rs 84 on the NSE on 12 November. Investors searching for the best stocks under Rs 84 in India should check earnings, valuation and debt.
Central Bank of India: The Low-Priced Public Sector Bank Among Under Rs 84 Stocks to Buy
Central Bank of India is a public sector bank with a large branch network in central and eastern India. At Rs 32.31, the stock has a market capitalisation of Rs 26,448 crore and trades at 5.48 times earnings, while the industry P/E is 11.45.
Reported numbers show FY26 revenue of Rs 42,583 crore, up 7.9% year on year, with net profit at Rs 4,531 crore, up 14.9%. The September 2026 quarter added revenue of Rs 11,774 crore (up 14.9%) and net profit of Rs 1,475 crore (up 21.0%).
Return on equity is 12.76%, and the dividend yield is 6.16%. Promoters hold 81.19%, foreign institutions 1.29% and domestic institutions 10.62% as of September 2026. Domestic institutional holding has risen from 4.83% to 10.62% over the last year.
Indian Overseas Bank: The South India Public Sector Bank Among Under Rs 84 Stocks to Buy
Indian Overseas Bank is a public sector bank with a strong presence in south India. Its market capitalisation is Rs 56,306 crore, the share price is Rs 31.61 and the P/E of 8.45 compares with an industry P/E of 11.45.
Over FY26, net profit rose 59.6% to Rs 5,418 crore on revenue of Rs 37,743 crore, which was up 11.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 10,428 crore, up 13.1% year on year, and net profit of Rs 1,912 crore, up 55.7%.
Return on equity is 18.05%, and the dividend yield is negligible. Promoters hold 92.44%, foreign institutions 0.48% and domestic institutions 4.17% as of September 2026. Domestic institutional holding has risen from 2.30% to 4.17% over the last year.
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NHPC: The Hydropower Producer Among Under Rs 84 Stocks to Buy
NHPC is a government-owned hydropower producer. The stock trades at Rs 76.80 with a market capitalisation of Rs 77,397 crore and a P/E of 18.13, against an industry P/E of 19.93.
FY26 revenue rose 9.2% to Rs 12,686 crore and net profit rose 3.3% to Rs 3,237 crore. In the June 2026 quarter, revenue grew 15.0% year on year to Rs 3,960 crore, while net profit grew 4.1% to Rs 1,178 crore.
Return on equity is 9.09%, debt-to-equity is 1.26, and the dividend yield is 2.09%. Promoters hold 61.39%, foreign institutions 13.17% and domestic institutions 14.27% as of September 2026. Domestic institutional holding has risen from 10.55% to 14.27% over the last year.
NMDC: The Iron Ore Miner Among Under Rs 84 Stocks to Buy
NMDC is a government-owned iron ore miner and one of India’s largest. At Rs 71.07, the stock has a market capitalisation of Rs 59,485 crore and trades at 7.98 times earnings, while the industry P/E is 9.52.
Reported numbers show FY26 revenue of Rs 33,559 crore, up 31.6% year on year, with net profit at Rs 7,415 crore, up 13.4%. The June 2026 quarter added revenue of Rs 7,143 crore (up 1.5%) and net profit of Rs 2,006 crore (up 1.9%).
Return on equity is 21.87%, debt-to-equity is 0.19, and the dividend yield is 5.17%. Promoters hold 60.79%, foreign institutions 14.91% and domestic institutions 12.51% as of September 2026. Foreign institutional holding has risen from 13.04% to 14.91% over the last year.
NTPC Green Energy: The Green Power Arm of NTPC Among Under Rs 84 Stocks to Buy
NTPC Green Energy is the renewable energy arm of NTPC, building solar and wind capacity. Its market capitalisation is Rs 70,722 crore, the share price is Rs 83.56 and the P/E of 116.57 compares with an industry P/E of 19.93.
Over FY26, net profit rose 10.0% to Rs 521 crore on revenue of Rs 3,035 crore, which was up 23.1%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,122 crore, up 49.2% year on year, and net profit of Rs 305 crore, up 38.3%.
Return on equity is 2.76%, debt-to-equity is 1.67, and the dividend yield is negligible. Promoters hold 89.01%, foreign institutions 1.58% and domestic institutions 5.29% as of September 2026. A point to keep in view: at a P/E of 116.57, expectations are already high, and return on equity is a modest 2.76%.
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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 84 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Central Bank of India | 7.9% | 14.9% | Sep 2026 | 14.9% | 21.0% |
| Indian Overseas Bank | 11.8% | 59.6% | Sep 2026 | 13.1% | 55.7% |
| NHPC | 9.2% | 3.3% | Jun 2026 | 15.0% | 4.1% |
| NMDC | 31.6% | 13.4% | Jun 2026 | 1.5% | 1.9% |
| NTPC Green Energy | 23.1% | 10.0% | Jun 2026 | 49.2% | 38.3% |
Factors That Move Under Rs 84 Stocks to Buy
Four factors tend to drive under Rs 84 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Banking, hydropower, mining and renewables differ.
- Dividends: Central Bank of India yields about 6.2%.
- Valuation: P/E runs from about 5 to 117.
Risks to Keep in Mind Before Buying Under Rs 84 Stocks
The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that NTPC Green Energy trades at a P/E near 117 while Central Bank of India trades near 5, and NTPC Green Energy carries the highest borrowings of the three non-bank companies. Check results every quarter.
On the numbers, NTPC Green Energy trades at the highest P/E on this list at 116.57, so its earnings need to keep growing to support the price. Under Rs 84 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 84 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Central Bank of India trades lowest.
- Read ROE: NMDC leads.
- Diversify: Spread across the four sectors.
How to Invest in Under Rs 84 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
Central Bank of India offers the lowest P/E on this list at 5.48, NMDC has the highest return on equity at 21.87%, and Indian Overseas Bank posted the fastest net profit growth in its latest full year at 59.6%. Among the best under Rs 84 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 84 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 84 Stocks to Buy
Which are the best under Rs 84 stocks to buy in November 2026?
Ans. The five under Rs 84 stocks on the November 2026 watchlist are Central Bank of India, Indian Overseas Bank, NHPC, NMDC and NTPC Green Energy. Central Bank of India has the lowest P/E at 5.48, NMDC has the highest ROE at 21.87%, and Indian Overseas Bank grew net profit 59.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is NHPC a good stock to buy from this Under Rs 84 list?
Ans. NHPC is the largest company on this list with a market capitalisation of Rs 77,397 crore and a P/E of 18.13 against an industry P/E of 19.93. Its FY26 revenue rose 9.2% and net profit rose 3.3%, with return on equity at 9.09%. 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 84 stocks expensive right now?
Ans. Valuations vary across the group. Central Bank of India trades at a P/E of 5.48, Indian Overseas Bank trades at a P/E of 8.45, NHPC trades at a P/E of 18.13, NMDC trades at a P/E of 7.98, NTPC Green Energy trades at a P/E of 116.57, against industry multiples ranging from 9.52 to 19.93. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 84 stocks pay a dividend?
Ans. Dividend yields on this list are Central Bank of India 6.16%, NHPC 2.09%, NMDC 5.17%. 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. NMDC has the highest ROE on this list at 21.87%, followed by Indian Overseas Bank at 18.05% and Central Bank of India at 12.76%. 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 84 stocks?
Ans. The main risks are low prices that say little about value, one extreme valuation and asset quality at the banks. On this list, NTPC Green Energy trades at the highest P/E of 116.57, 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 84 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.