Under Rs 860 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 10, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Elgi Equipments Rs 553.90. Globus Spirits Rs 700.10. HDFC Bank Rs 798.15. Intellect Design Rs 510.30. PN Gadgil Jewellers Rs 612.00. NSE closing prices, 9 Nov 2026.
Quick Answer
Five under Rs 860 stocks to buy on the November 2026 watchlist are Elgi Equipments, Globus Spirits, HDFC Bank, Intellect Design Arena and PN Gadgil Jewellers. All five grew revenue in their latest full year, and all five also grew net profit. HDFC Bank has the lowest P/E at 12.65, while PN Gadgil Jewellers leads on return on equity at 20.88%. Check each valuation against your own risk appetite before acting.
The under Rs 860 stocks to buy in November 2026 start with five listed names: Elgi Equipments, Globus Spirits, HDFC Bank, Intellect Design Arena and PN Gadgil Jewellers. Stocks under Rs 860 include a banking software company, an air compressor maker, a jewellery retailer, a spirits maker and India’s largest private bank, priced from about Rs 510 to Rs 798. HDFC Bank is part of the Bank Nifty 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 860 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 860 Stocks to Buy in November 2026?
The best under Rs 860 stocks to buy in November 2026 for a watchlist are Elgi Equipments, Globus Spirits, HDFC Bank, Intellect Design Arena and PN Gadgil Jewellers. 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 |
|---|---|---|---|---|---|
| Elgi Equipments | 553.90 | Rs 16,281 crore | 36.36 | 19.28% | 0.53% |
| Globus Spirits | 700.10 | Rs 2,324 crore | 23.28 | 8.41% | 0.00% |
| HDFC Bank | 798.15 | Rs 10,58,188 crore | 12.65 | 13.27% | 2.25% |
| Intellect Design Arena | 510.30 | Rs 8,349 crore | 23.76 | 10.90% | 1.17% |
| PN Gadgil Jewellers | 612.00 | Rs 8,434 crore | 18.92 | 20.88% | 0.00% |
On valuation, Elgi Equipments, Globus Spirits and PN Gadgil Jewellers trade below the industry P/E; HDFC Bank and Intellect Design Arena carry a premium. Valuation is the first filter for any under Rs 860 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 860 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 maker of air and gas compressors, a regional jewellery retailer, a maker of spirits and ethanol and the country’s largest private sector bank, all of which closed below Rs 860 on the NSE on 9 November. Investors searching for the best stocks under Rs 860 in India should check earnings, valuation and debt.
Elgi Equipments: The Air Compressor Specialist Among Under Rs 860 Stocks to Buy
Elgi Equipments is an air compressor maker with a large international business. At Rs 553.90, the stock has a market capitalisation of Rs 16,281 crore and trades at 36.36 times earnings, while the industry P/E is 42.61.
Reported numbers show FY26 revenue of Rs 4,068 crore, up 14.0% year on year, with net profit at Rs 430 crore, up 22.8%. The June 2026 quarter added revenue of Rs 1,083 crore (up 22.1%) and net profit of Rs 103 crore (up 20.7%).
Return on equity is 19.28%, debt-to-equity is 0.24, and the dividend yield is 0.53%. Promoters hold 31.19%, foreign institutions 20.20% and domestic institutions 11.47% as of September 2026. Domestic institutional holding has risen from 6.25% to 11.47% over the last year.
Globus Spirits: A Distillery With Ethanol Exposure Among Under Rs 860 Stocks to Buy
Globus Spirits is a distiller producing grain-based neutral spirits, bottled brands and ethanol. Its market capitalisation is Rs 2,324 crore, the share price is Rs 700.10 and the P/E of 23.28 compares with an industry P/E of 49.38.
Over FY26, net profit rose 315.4% to Rs 91.0 crore on revenue of Rs 2,723 crore, which was up 6.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,154 crore, up 20.9% year on year, and net profit of Rs 27.3 crore, up 50.7%.
Return on equity is 8.41%, debt-to-equity is 0.48, and the dividend yield is negligible. Promoters hold 46.74%, foreign institutions 13.58% and domestic institutions 8.58% as of September 2026. Foreign institutional holding has risen from 6.47% to 13.58% over the last year.
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HDFC Bank: The Private Sector Heavyweight Among Under Rs 860 Stocks to Buy
HDFC Bank is India’s largest private sector bank by assets, with a nationwide retail and corporate franchise. The stock trades at Rs 798.15 with a market capitalisation of Rs 10,58,188 crore and a P/E of 12.65, against an industry P/E of 11.43.
FY26 revenue rose 5.2% to Rs 4,95,463 crore and net profit rose 7.9% to Rs 79,219 crore. In the September 2026 quarter, revenue grew 9.1% year on year to Rs 1,29,359 crore, while net profit grew 5.8% to Rs 21,537 crore.
Return on equity is 13.27%, and the dividend yield is 2.25%. The company has no identified promoter, with foreign institutions holding 39.40% and domestic institutions 43.63% as of September 2026. Domestic institutional holding has risen from 36.26% to 43.63% over the last year.
Intellect Design Arena: A Fintech Product Company Among Under Rs 860 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 510.30, 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.
PN Gadgil Jewellers: The Maharashtra Retailer Among Under Rs 860 Stocks to Buy
PN Gadgil Jewellers is a Pune-based jewellery retailer with a large store network in Maharashtra. Its market capitalisation is Rs 8,434 crore, the share price is Rs 612.00 and the P/E of 18.92 compares with an industry P/E of 44.29.
Over FY26, net profit rose 87.8% to Rs 410 crore on revenue of Rs 10,827 crore, which was up 40.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 2,423 crore, up 40.3% year on year, and net profit of Rs 105 crore, up 51.9%.
Return on equity is 20.88%, debt-to-equity is 0.89, and the dividend yield is negligible. Promoters hold 76.62%, foreign institutions 3.82% and domestic institutions 7.05% as of September 2026. Domestic institutional holding has risen from 4.80% to 7.05% over the last year. A point to keep in view: debt is higher than most names on this list.
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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 860 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Elgi Equipments | 14.0% | 22.8% | Jun 2026 | 22.1% | 20.7% |
| Globus Spirits | 6.9% | 315.4% | Jun 2026 | 20.9% | 50.7% |
| HDFC Bank | 5.2% | 7.9% | Sep 2026 | 9.1% | 5.8% |
| Intellect Design Arena | 22.7% | 2.6% | Jun 2026 | 18.9% | 8.7% |
| PN Gadgil Jewellers | 40.2% | 87.8% | Jun 2026 | 40.3% | 51.9% |
Factors That Move Under Rs 860 Stocks to Buy
Four factors tend to drive under Rs 860 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Software, machinery, jewellery, spirits and banking differ.
- Dividends: HDFC Bank yields about 2.3%.
- Valuation: P/E runs from about 13 to 36.
Risks to Keep in Mind Before Buying Under Rs 860 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 Globus Spirits is valued at only about Rs 2,300 crore, so trading can be thin, and jewellery earnings follow gold prices. Check results every quarter.
On the numbers, Elgi Equipments trades at the highest P/E on this list at 36.36, so its earnings need to keep growing to support the price. Under Rs 860 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 860 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: HDFC Bank trades lowest.
- Read ROE: PN Gadgil Jewellers leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 860 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
HDFC Bank offers the lowest P/E on this list at 12.65, PN Gadgil Jewellers has the highest return on equity at 20.88%, and Globus Spirits posted the fastest net profit growth in its latest full year at 315.4%. Among the best under Rs 860 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 860 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 860 Stocks to Buy
Which are the best under Rs 860 stocks to buy in November 2026?
Ans. The five under Rs 860 stocks on the November 2026 watchlist are Elgi Equipments, Globus Spirits, HDFC Bank, Intellect Design Arena and PN Gadgil Jewellers. HDFC Bank has the lowest P/E at 12.65, PN Gadgil Jewellers has the highest ROE at 20.88%, and Globus Spirits grew net profit 315.4% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is HDFC Bank a good stock to buy from this Under Rs 860 list?
Ans. HDFC Bank is the largest company on this list with a market capitalisation of Rs 10,58,188 crore and a P/E of 12.65 against an industry P/E of 11.43. Its FY26 revenue rose 5.2% and net profit rose 7.9%, with return on equity at 13.27%. 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 860 stocks expensive right now?
Ans. Valuations vary across the group. Elgi Equipments trades at a P/E of 36.36, Globus Spirits trades at a P/E of 23.28, HDFC Bank trades at a P/E of 12.65, Intellect Design Arena trades at a P/E of 23.76, PN Gadgil Jewellers trades at a P/E of 18.92, against industry multiples ranging from 11.43 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 860 stocks pay a dividend?
Ans. Dividend yields on this list are Elgi Equipments 0.53%, HDFC Bank 2.25%, Intellect Design Arena 1.17%. 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. PN Gadgil Jewellers has the highest ROE on this list at 20.88%, followed by Elgi Equipments at 19.28% and HDFC Bank at 13.27%. 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 860 stocks?
Ans. The main risks are mid-range prices that say little about value, gold price swings and thin trading in one small company. On this list, Elgi Equipments trades at the highest P/E of 36.36, 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 860 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.
