Under Rs 850 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 6, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Adani Total Gas Rs 581.60. Allied Blenders Rs 699.05. Intellect Design Rs 534.65. Jindal Stainless Rs 685.85. Zensar Rs 565.75. NSE closing prices, 5 Nov 2026.
Quick Answer
Five under Rs 850 stocks to buy on the November 2026 watchlist are Adani Total Gas, Allied Blenders and Distillers, Intellect Design Arena, Jindal Stainless and Zensar Technologies. All five grew revenue in their latest full year, and all five also grew net profit. Zensar Technologies has both the lowest P/E at 14.58 and the highest return on equity at 16.41%. Check each valuation against your own risk appetite before acting.
The under Rs 850 stocks to buy in November 2026 start with five listed names: Adani Total Gas, Allied Blenders and Distillers, Intellect Design Arena, Jindal Stainless and Zensar Technologies. Stocks under Rs 850 include a banking software company, an IT services company, a city gas distributor, a stainless steel producer and a liquor maker, priced from about Rs 535 to Rs 699.
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 850 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 850 Stocks to Buy in November 2026?
The best under Rs 850 stocks to buy in November 2026 for a watchlist are Adani Total Gas, Allied Blenders and Distillers, Intellect Design Arena, Jindal Stainless and Zensar Technologies. 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 |
|---|---|---|---|---|---|
| Adani Total Gas | 581.60 | Rs 60,160 crore | 93.66 | 12.40% | 0.05% |
| Allied Blenders and Distillers | 699.05 | Rs 19,657 crore | 91.03 | 13.90% | 0.77% |
| Intellect Design Arena | 534.65 | Rs 8,349 crore | 23.76 | 10.90% | 1.17% |
| Jindal Stainless | 685.85 | Rs 56,316 crore | 16.92 | 15.70% | 0.59% |
| Zensar Technologies | 565.75 | Rs 11,320 crore | 14.58 | 16.41% | 3.00% |
On valuation, Jindal Stainless and Zensar Technologies trade below the industry P/E; Adani Total Gas, Allied Blenders and Distillers and Intellect Design Arena carry a premium. Valuation is the first filter for any under Rs 850 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 850 Stocks to Buy Are in Focus
A mid-range share price does not mean a stock is inexpensive, because value depends on earnings and the number of shares. The list covers a maker of software for banks and insurers, a mid sized IT services company, a city gas distribution company, a stainless steel producer and a maker of Indian whisky and other spirits, all of which closed below Rs 850 on the NSE on 5 November. Investors searching for the best stocks under Rs 850 in India should check earnings, valuation and debt.
Adani Total Gas: The City Gas Distributor Among Under Rs 850 Stocks to Buy
Adani Total Gas is a city gas distribution company, a joint venture between Adani and TotalEnergies. Its market capitalisation is Rs 60,160 crore, the share price is Rs 581.60 and the P/E of 93.66 compares with an industry P/E of 13.88.
Over FY26, net profit rose 0.2% to Rs 656 crore on revenue of Rs 5,932 crore, which was up 17.9%. The latest quarter, the September 2026 quarter, brought revenue of Rs 2,124 crore, up 34.0% year on year, and net profit of Rs 173 crore, up 6.0%.
Return on equity is 12.40%, debt-to-equity is 0.47, and the dividend yield is 0.05%. Promoters hold 74.80%, foreign institutions 12.84% and domestic institutions 6.38% as of September 2026. A point to keep in view: at a P/E of 93.66, expectations are already high.
Allied Blenders and Distillers: The Volume Whisky Player Among Under Rs 850 Stocks to Buy
Allied Blenders and Distillers is the maker of Officer’s Choice, one of the highest-selling whisky brands in the country by volume. The stock trades at Rs 699.05 with a market capitalisation of Rs 19,657 crore and a P/E of 91.03, against an industry P/E of 49.38.
FY26 revenue rose 11.5% to Rs 3,949 crore and net profit rose 13.0% to Rs 220 crore. In the September 2026 quarter, revenue grew 6.7% year on year to Rs 2,089 crore, while net profit grew 9.7% to Rs 69.0 crore.
Return on equity is 13.90%, debt-to-equity is 0.85, and the dividend yield is 0.77%. Promoters hold 78.95%, foreign institutions 4.40% and domestic institutions 6.64% as of September 2026. Domestic institutional holding has risen from 4.56% to 6.64% over the last year. A point to keep in view: at a P/E of 91.03, expectations are already high, and debt is higher than most names on this list.
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Intellect Design Arena: A Fintech Product Company Among Under Rs 850 Stocks to Buy
Intellect Design Arena is a financial technology products company serving banks and insurers with core banking and cloud-native platforms. At Rs 534.65, the stock has a market capitalisation of Rs 8,349 crore and trades at 23.76 times earnings, while the industry P/E is 17.58.
Reported numbers show FY26 revenue of Rs 3,161 crore, up 22.7% year on year, with net profit at Rs 343 crore, up 2.6%. The June 2026 quarter added revenue of Rs 873 crore (up 18.9%) and net profit of Rs 102 crore (up 8.7%).
Return on equity is 10.90%, debt-to-equity is 0.05, and the dividend yield is 1.17%. Promoters hold 29.56%, foreign institutions 21.40% and domestic institutions 7.54% as of September 2026.
Jindal Stainless: The Stainless Steel Leader Among Under Rs 850 Stocks to Buy
Jindal Stainless is India’s largest stainless steel producer. Its market capitalisation is Rs 56,316 crore, the share price is Rs 685.85 and the P/E of 16.92 compares with an industry P/E of 19.82.
Over FY26, net profit rose 27.4% to Rs 3,185 crore on revenue of Rs 43,385 crore, which was up 9.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 13,008 crore, up 18.4% year on year, and net profit of Rs 898 crore, up 11.1%.
Return on equity is 15.70%, debt-to-equity is 0.36, and the dividend yield is 0.59%. Promoters hold 62.55%, foreign institutions 20.07% and domestic institutions 7.74% as of September 2026.
Zensar Technologies: A Value-Priced Digital Services Name Among Under Rs 850 Stocks to Buy
Zensar Technologies is a digital and technology services company in the RPG Group, working on cloud, data and AI-enabled engineering. The stock trades at Rs 565.75 with a market capitalisation of Rs 11,320 crore and a P/E of 14.58, against an industry P/E of 17.58.
FY26 revenue rose 8.8% to Rs 5,921 crore and net profit rose 19.2% to Rs 775 crore. In the September 2026 quarter, revenue grew 10.7% year on year to Rs 1,628 crore, while net profit grew 4.4% to Rs 190 crore.
Return on equity is 16.41%, debt-to-equity is 0.02, and the dividend yield is 3.00%. Promoters hold 48.98%, foreign institutions 10.21% and domestic institutions 21.71% 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 850 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Adani Total Gas | 17.9% | 0.2% | Sep 2026 | 34.0% | 6.0% |
| Allied Blenders and Distillers | 11.5% | 13.0% | Sep 2026 | 6.7% | 9.7% |
| Intellect Design Arena | 22.7% | 2.6% | Jun 2026 | 18.9% | 8.7% |
| Jindal Stainless | 9.1% | 27.4% | Sep 2026 | 18.4% | 11.1% |
| Zensar Technologies | 8.8% | 19.2% | Sep 2026 | 10.7% | 4.4% |
Factors That Move Under Rs 850 Stocks to Buy
Four factors tend to drive under Rs 850 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Software, IT services, gas, steel and spirits differ.
- Dividends: Zensar Technologies yields about 3.0%.
- Valuation: P/E runs from about 15 to 94.
Risks to Keep in Mind Before Buying Under Rs 850 Stocks
The first risk is that a mid-range share price says little about value, so earnings and valuation matter more. The second is that Adani Total Gas and Allied Blenders and Distillers trade at a P/E above 90 while Zensar Technologies trades near 15, a wide gap. Check results every quarter.
On the numbers, Adani Total Gas trades at the highest P/E on this list at 93.66, so its earnings need to keep growing to support the price. Under Rs 850 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 850 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Zensar Technologies trades lowest.
- Read dividends: Zensar Technologies yields the most.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 850 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
Zensar Technologies offers both the lowest P/E on this list at 14.58 and the highest return on equity at 16.41%, and Jindal Stainless posted the fastest net profit growth in its latest full year at 27.4%. Among the best under Rs 850 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 850 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 850 Stocks to Buy
Which are the best under Rs 850 stocks to buy in November 2026?
Ans. The five under Rs 850 stocks on the November 2026 watchlist are Adani Total Gas, Allied Blenders and Distillers, Intellect Design Arena, Jindal Stainless and Zensar Technologies. Zensar Technologies has both the lowest P/E at 14.58 and the highest ROE at 16.41%, and Jindal Stainless grew net profit 27.4% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Adani Total Gas a good stock to buy from this Under Rs 850 list?
Ans. Adani Total Gas is the largest company on this list with a market capitalisation of Rs 60,160 crore and a P/E of 93.66 against an industry P/E of 13.88. Its FY26 revenue rose 17.9% and net profit rose 0.2%, with return on equity at 12.40%. 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 850 stocks expensive right now?
Ans. Valuations vary across the group. Adani Total Gas trades at a P/E of 93.66, Allied Blenders and Distillers trades at a P/E of 91.03, Intellect Design Arena trades at a P/E of 23.76, Jindal Stainless trades at a P/E of 16.92, Zensar Technologies trades at a P/E of 14.58, against industry multiples ranging from 13.88 to 49.38. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 850 stocks pay a dividend?
Ans. Dividend yields on this list are Adani Total Gas 0.05%, Allied Blenders and Distillers 0.77%, Intellect Design Arena 1.17%, Jindal Stainless 0.59%, Zensar Technologies 3.00%. 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. Zensar Technologies has the highest ROE on this list at 16.41%, followed by Jindal Stainless at 15.70% and Allied Blenders and Distillers at 13.90%. 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 850 stocks?
Ans. The main risks are mid-range prices that say little about value, a wide spread in valuations and overseas IT spending. On this list, Adani Total Gas trades at the highest P/E of 93.66, 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 850 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.
