{"id":319497,"date":"2026-10-21T11:56:54","date_gmt":"2026-10-21T06:26:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=319497"},"modified":"2026-10-21T11:56:54","modified_gmt":"2026-10-21T06:26:54","slug":"stocks-with-pe-between-30-and-40-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/stocks-with-pe-between-30-and-40-to-watch-multibagger-potential\/","title":{"rendered":"4 Top Stocks With PE Between 30 and 40 to Watch for Future Multibagger Potential: Tech Mahindra, Dixon, SRF and Ajanta Pharma"},"content":{"rendered":"

Tech Mahindra Rs 1,779.10. Dixon Rs 12,100. SRF Rs 2,432. Ajanta Pharma Rs 3,298.90. Market caps from Rs 41,525 crore to Rs 1.62 lakh crore. Data as of 20 Oct 2026.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

Tech Mahindra, Dixon, SRF and Ajanta Pharma are the 4 picks in this stocks with PE between 30 and 40 watchlist, with market caps between Rs 41,525 crore and Rs 1.62 lakh crore. Tech Mahindra stands out for the lowest PE of the group at 31.30, while Dixon offers the highest return on equity at 30.76%. PE ratios run from 31.30 to 37.64, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.<\/p>\n<\/p><\/div>\n

Stocks with PE between 30 and 40 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Tech Mahindra, Dixon, SRF and Ajanta Pharma meet that test, with market caps from Rs 41,525 crore to Rs 1.62 lakh crore and Tech Mahindra offering the lowest PE of the group at 31.30. Each of these companies trades at a PE ratio between 30 and 40, and net profit grew in FY26 and in the latest quarter.<\/p>\n

This list covers companies with a PE ratio between 30 and 40, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. The companies here range from midcaps to largecaps in size. Investors screening stocks with PE between 30 and 40 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n