{"id":344963,"date":"2026-11-12T13:51:22","date_gmt":"2026-11-12T08:21:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344963"},"modified":"2026-11-12T13:51:22","modified_gmt":"2026-11-12T08:21:22","slug":"under-rs-4650-stocks-to-buy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/","title":{"rendered":"Under Rs 4650 Stocks to Buy in November 2026: 5 Names on the Watchlist"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Avenue Rs 3,468. HDFC AMC Rs 2,715. KEI Industries Rs 4,006. L&#038;T Rs 4,212. TVS Motor Rs 4,560. NSE closing prices, 11 Nov 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Five under Rs 4650 stocks to buy on the November 2026 watchlist are Avenue Supermarts, HDFC Asset Management Company, KEI Industries, Larsen and Toubro and TVS Motor Company. All five grew revenue in their latest full year, and all five also grew net profit. Larsen and Toubro has the lowest P\/E at 25.06, while HDFC Asset Management Company leads on return on equity at 34.56%. Check each valuation against your own risk appetite before acting.<\/p>\n<\/p><\/div>\n<p>The under Rs 4650 stocks to buy in November 2026 start with five listed names: Avenue Supermarts, HDFC Asset Management Company, KEI Industries, Larsen and Toubro and TVS Motor Company. Stocks under Rs 4,650 include a supermarket chain, a fund house, a cables maker, an engineering major and a two-wheeler maker, priced from about Rs 2,715 to Rs 4,560. Larsen and Toubro is part of the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> index and TVS Motor Company is part of the <a href=\"https:\/\/univest.in\/indices\/nifty-auto\/nifty-auto-share-price-today\">Nifty Auto<\/a> index.<\/p>\n<p>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 4650 stocks to buy to a portfolio. All prices are NSE closing prices of 11 November 2026, and financials come from company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=under-rs-4650-stocks-to-buy\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Which_Are_the_Best_Under_Rs_4650_Stocks_to_Buy_in_November_2026\" title=\"Which Are the Best Under Rs 4650 Stocks to Buy in November 2026?\">Which Are the Best Under Rs 4650 Stocks to Buy in November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Why_These_Under_Rs_4650_Stocks_to_Buy_Are_in_Focus\" title=\"Why These Under Rs 4650 Stocks to Buy Are in Focus\">Why These Under Rs 4650 Stocks to Buy Are in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Avenue_Supermarts_The_DMart_Operator_Among_Under_Rs_4650_Stocks_to_Buy\" title=\"Avenue Supermarts: The DMart Operator Among Under Rs 4650 Stocks to Buy\">Avenue Supermarts: The DMart Operator Among Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#HDFC_Asset_Management_Company_The_Mutual_Fund_Leader_Among_Under_Rs_4650_Stocks_to_Buy\" title=\"HDFC Asset Management Company: The Mutual Fund Leader Among Under Rs 4650 Stocks to Buy\">HDFC Asset Management Company: The Mutual Fund Leader Among Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#KEI_Industries_The_Power_Cable_Specialist_Among_Under_Rs_4650_Stocks_to_Buy\" title=\"KEI Industries: The Power Cable Specialist Among Under Rs 4650 Stocks to Buy\">KEI Industries: The Power Cable Specialist Among Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Larsen_and_Toubro_The_Infrastructure_Conglomerate_Among_Under_Rs_4650_Stocks_to_Buy\" title=\"Larsen and Toubro: The Infrastructure Conglomerate Among Under Rs 4650 Stocks to Buy\">Larsen and Toubro: The Infrastructure Conglomerate Among Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#TVS_Motor_Company_The_Fast-Growing_Two-Wheeler_Name_Among_Under_Rs_4650_Stocks_to_Buy\" title=\"TVS Motor Company: The Fast-Growing Two-Wheeler Name Among Under Rs 4650 Stocks to Buy\">TVS Motor Company: The Fast-Growing Two-Wheeler Name Among Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Growth_Snapshot_Latest_Full_Year_and_Latest_Quarter\" title=\"Growth Snapshot: Latest Full Year and Latest Quarter\">Growth Snapshot: Latest Full Year and Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Factors_That_Move_Under_Rs_4650_Stocks_to_Buy\" title=\"Factors That Move Under Rs 4650 Stocks to Buy\">Factors That Move Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Risks_to_Keep_in_Mind_Before_Buying_Under_Rs_4650_Stocks\" title=\"Risks to Keep in Mind Before Buying Under Rs 4650 Stocks\">Risks to Keep in Mind Before Buying Under Rs 4650 Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#How_to_Choose_Under_Rs_4650_Stocks_to_Buy\" title=\"How to Choose Under Rs 4650 Stocks to Buy\">How to Choose Under Rs 4650 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#How_to_Invest_in_Under_Rs_4650_Stocks\" title=\"How to Invest in Under Rs 4650 Stocks\">How to Invest in Under Rs 4650 Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Frequently_Asked_Questions_on_Under_Rs_4650_Stocks_to_Buy\" title=\"Frequently Asked Questions on Under Rs 4650 Stocks to Buy\">Frequently Asked Questions on Under Rs 4650 Stocks to Buy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Which_are_the_best_under_Rs_4650_stocks_to_buy_in_November_2026\" title=\"Which are the best under Rs 4650 stocks to buy in November 2026?\">Which are the best under Rs 4650 stocks to buy in November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Is_Larsen_and_Toubro_a_good_stock_to_buy_from_this_Under_Rs_4650_list\" title=\"Is Larsen and Toubro a good stock to buy from this Under Rs 4650 list?\">Is Larsen and Toubro a good stock to buy from this Under Rs 4650 list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Are_these_under_Rs_4650_stocks_expensive_right_now\" title=\"Are these under Rs 4650 stocks expensive right now?\">Are these under Rs 4650 stocks expensive right now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Which_of_these_under_Rs_4650_stocks_pay_a_dividend\" title=\"Which of these under Rs 4650 stocks pay a dividend?\">Which of these under Rs 4650 stocks pay a dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#Which_stock_on_this_list_has_the_highest_return_on_equity\" title=\"Which stock on this list has the highest return on equity?\">Which stock on this list has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#What_are_the_risks_of_investing_in_under_Rs_4650_stocks\" title=\"What are the risks of investing in under Rs 4650 stocks?\">What are the risks of investing in under Rs 4650 stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-4650-stocks-to-buy\/#How_can_I_invest_in_under_Rs_4650_stocks_in_India\" title=\"How can I invest in under Rs 4650 stocks in India?\">How can I invest in under Rs 4650 stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Which_Are_the_Best_Under_Rs_4650_Stocks_to_Buy_in_November_2026\"><\/span><strong>Which Are the Best Under Rs 4650 Stocks to Buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best under Rs 4650 stocks to buy in November 2026 for a watchlist are Avenue Supermarts, HDFC Asset Management Company, KEI Industries, Larsen and Toubro and TVS Motor Company. 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.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>CMP (Rs)<\/th>\n<th>Market Cap<\/th>\n<th>P\/E<\/th>\n<th>ROE<\/th>\n<th>Dividend Yield<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Avenue Supermarts<\/td>\n<td>3,468<\/td>\n<td>Rs 2,07,643 crore<\/td>\n<td>66.65<\/td>\n<td>11.94%<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/hdfcamc\/hdfc-asset-management-company-ltd-share-price-today\">HDFC Asset Management Company<\/a><\/td>\n<td>2,715<\/td>\n<td>Rs 99,451 crore<\/td>\n<td>33.40<\/td>\n<td>34.56%<\/td>\n<td>2.33%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/kei\/kei-industries-ltd-share-price-today\">KEI Industries<\/a><\/td>\n<td>4,006<\/td>\n<td>Rs 36,843 crore<\/td>\n<td>34.90<\/td>\n<td>14.66%<\/td>\n<td>0.12%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/lt\/larsen-and-toubro-ltd-share-price-today\">Larsen and Toubro<\/a><\/td>\n<td>4,212<\/td>\n<td>Rs 5,23,536 crore<\/td>\n<td>25.06<\/td>\n<td>15.81%<\/td>\n<td>1.00%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/tvsmotor\/tvs-motor-company-ltd-share-price-today\">TVS Motor Company<\/a><\/td>\n<td>4,560<\/td>\n<td>Rs 2,01,389 crore<\/td>\n<td>50.50<\/td>\n<td>31.56%<\/td>\n<td>0.28%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On valuation, KEI Industries trades below the industry P\/E; Avenue Supermarts sits close to it; HDFC Asset Management Company, Larsen and Toubro and TVS Motor Company carry a premium. Valuation is the first filter for any under Rs 4650 stocks to buy list, and it is covered again in the risk section.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_Under_Rs_4650_Stocks_to_Buy_Are_in_Focus\"><\/span><strong>Why These Under Rs 4650 Stocks to Buy Are in Focus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A higher share price does not mean a stock is expensive, because value depends on earnings and the number of shares. The list covers the operator of DMart supermarkets, a large mutual fund house, a maker of power cables, the largest engineering and construction group and a maker of motorcycles and scooters, all of which closed below Rs 4,650 on the NSE on 11 November. Investors searching for the best stocks under Rs 4,650 in India should check earnings, valuation and debt.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avenue_Supermarts_The_DMart_Operator_Among_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>Avenue Supermarts: The DMart Operator Among Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Avenue Supermarts is the owner of DMart supermarkets across India. The stock trades at Rs 3,468 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.<\/p>\n<p>FY26 revenue rose 15.8% to Rs 68,895 crore and net profit rose 9.7% to Rs 2,970 crore. In the September 2026 quarter, revenue grew 17.7% year on year to Rs 19,658 crore, while net profit grew 8.5% to Rs 743 crore.<\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HDFC_Asset_Management_Company_The_Mutual_Fund_Leader_Among_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>HDFC Asset Management Company: The Mutual Fund Leader Among Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HDFC Asset Management Company is one of India&#8217;s largest mutual fund managers. At Rs 2,715, the stock has a market capitalisation of Rs 99,451 crore and trades at 33.40 times earnings, while the industry P\/E is 16.15.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 4,622 crore, up 13.8% year on year, with net profit at Rs 2,858 crore, up 16.2%. The September 2026 quarter added revenue of Rs 1,241 crore (up 10.5%) and net profit of Rs 749 crore (up 4.2%).<\/p>\n<p>Return on equity is 34.56%, and the dividend yield is 2.33%. Promoters hold 52.29%, foreign institutions 24.07% and domestic institutions 14.57% as of September 2026.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Under Rs 4650 Stocks Live on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"KEI_Industries_The_Power_Cable_Specialist_Among_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>KEI Industries: The Power Cable Specialist Among Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>KEI Industries is a maker of power cables, including extra-high-voltage cables, along with stainless steel wire. Its market capitalisation is Rs 36,843 crore, the share price is Rs 4,006 and the P\/E of 34.90 compares with an industry P\/E of 39.42.<\/p>\n<p>Over FY26, net profit rose 31.9% to Rs 918 crore on revenue of Rs 11,906 crore, which was up 21.4%. The latest quarter, the September 2026 quarter, brought revenue of Rs 3,801 crore, up 37.3% year on year, and net profit of Rs 262 crore, up 29.0%.<\/p>\n<p>Return on equity is 14.66%, debt-to-equity is 0.05, and the dividend yield is 0.12%. Promoters hold 35.00%, foreign institutions 26.14% and domestic institutions 26.26% as of September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Larsen_and_Toubro_The_Infrastructure_Conglomerate_Among_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>Larsen and Toubro: The Infrastructure Conglomerate Among Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Larsen and Toubro is an engineering and construction conglomerate spanning infrastructure, defence, energy and IT services. The stock trades at Rs 4,212 with a market capitalisation of Rs 5,23,536 crore and a P\/E of 25.06, against an industry P\/E of 21.53.<\/p>\n<p>FY26 revenue rose 12.2% to Rs 2,91,635 crore and net profit rose 8.3% to Rs 19,159 crore. In the September 2026 quarter, revenue grew 16.8% year on year to Rs 81,056 crore, while net profit grew 26.2% to Rs 5,915 crore.<\/p>\n<p>Return on equity is 15.81%, debt-to-equity is 1.24, and the dividend yield is 1.00%. The company has no identified promoter, with foreign institutions holding 19.21% and domestic institutions 42.86% as of September 2026. A point to keep in view: debt is higher than most names on this list.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TVS_Motor_Company_The_Fast-Growing_Two-Wheeler_Name_Among_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>TVS Motor Company: The Fast-Growing Two-Wheeler Name Among Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TVS Motor Company is a two-wheeler and three-wheeler maker with a growing export and electric vehicle portfolio. At Rs 4,560, the stock has a market capitalisation of Rs 2,01,389 crore and trades at 50.50 times earnings, while the industry P\/E is 23.63.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 56,092 crore, up 27.0% year on year, with net profit at Rs 3,186 crore, up 35.6%. The September 2026 quarter added revenue of Rs 19,572 crore (up 39.4%) and net profit of Rs 1,219 crore (up 46.4%).<\/p>\n<p>Return on equity is 31.56%, debt-to-equity is 3.43, and the dividend yield is 0.28%. Promoters hold 50.27%, foreign institutions 21.39% and domestic institutions 20.29% as of September 2026. Domestic institutional holding has risen from 18.35% to 20.29% over the last year. A point to keep in view: debt is higher than most names on this list.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track these under Rs 4650 stocks live and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Growth_Snapshot_Latest_Full_Year_and_Latest_Quarter\"><\/span><strong>Growth Snapshot: Latest Full Year and Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares year-on-year growth in revenue and net profit for all five under Rs 4650 stocks, using filed results.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Full-Year Revenue Growth<\/th>\n<th>Full-Year Profit Growth<\/th>\n<th>Latest Quarter<\/th>\n<th>Quarter Revenue Growth<\/th>\n<th>Quarter Profit Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Avenue Supermarts<\/td>\n<td>15.8%<\/td>\n<td>9.7%<\/td>\n<td>Sep 2026<\/td>\n<td>17.7%<\/td>\n<td>8.5%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Asset Management Company<\/td>\n<td>13.8%<\/td>\n<td>16.2%<\/td>\n<td>Sep 2026<\/td>\n<td>10.5%<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td>KEI Industries<\/td>\n<td>21.4%<\/td>\n<td>31.9%<\/td>\n<td>Sep 2026<\/td>\n<td>37.3%<\/td>\n<td>29.0%<\/td>\n<\/tr>\n<tr>\n<td>Larsen and Toubro<\/td>\n<td>12.2%<\/td>\n<td>8.3%<\/td>\n<td>Sep 2026<\/td>\n<td>16.8%<\/td>\n<td>26.2%<\/td>\n<\/tr>\n<tr>\n<td>TVS Motor Company<\/td>\n<td>27.0%<\/td>\n<td>35.6%<\/td>\n<td>Sep 2026<\/td>\n<td>39.4%<\/td>\n<td>46.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Factors_That_Move_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>Factors That Move Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four factors tend to drive under Rs 4650 stocks, and each one is worth checking before a purchase.<\/p>\n<ul>\n<li><strong>Earnings growth:<\/strong> Profit should be rising.<\/li>\n<li><strong>Sector mix:<\/strong> Retail, asset management, cables, engineering and two-wheelers differ.<\/li>\n<li><strong>Dividends:<\/strong> HDFC Asset Management Company yields about 2.3%.<\/li>\n<li><strong>Valuation:<\/strong> P\/E runs from about 25 to 67.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Keep_in_Mind_Before_Buying_Under_Rs_4650_Stocks\"><\/span><strong>Risks to Keep in Mind Before Buying Under Rs 4650 Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Avenue Supermarts trades at a P\/E near 67 while Larsen and Toubro trades near 25, and TVS Motor Company carries the highest borrowings of the five. Check results every quarter.<\/p>\n<p>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 4650 stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>How to Choose Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Look at earnings:<\/strong> Price alone is not a signal.<\/li>\n<li><strong>Check P\/E:<\/strong> Larsen and Toubro trades lowest.<\/li>\n<li><strong>Read ROE:<\/strong> HDFC Asset Management Company leads.<\/li>\n<li><strong>Diversify:<\/strong> Spread across the five sectors.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Under_Rs_4650_Stocks\"><\/span><strong>How to Invest in Under Rs 4650 Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Shortlist two or three companies from this list that match your risk appetite.<\/li>\n<li>Open the Univest Screener and compare P\/E, ROE and debt for each stock.<\/li>\n<li>Check the latest quarterly results and shareholding pattern on NSE or BSE.<\/li>\n<li>Decide an amount you can hold for three to five years and split it into two or three purchases.<\/li>\n<li>Review the holding after every quarterly result instead of reacting to daily price moves.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Larsen and Toubro offers the lowest P\/E on this list at 25.06, HDFC Asset Management Company has the highest return on equity at 34.56%, and TVS Motor Company posted the fastest net profit growth in its latest full year at 35.6%. Among the best under Rs 4650 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 4650 stocks to buy.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Under_Rs_4650_Stocks_to_Buy\"><\/span><strong>Frequently Asked Questions on Under Rs 4650 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_under_Rs_4650_stocks_to_buy_in_November_2026\"><\/span><strong>Which are the best under Rs 4650 stocks to buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The five under Rs 4650 stocks on the November 2026 watchlist are Avenue Supermarts, HDFC Asset Management Company, KEI Industries, Larsen and Toubro and TVS Motor Company. Larsen and Toubro has the lowest P\/E at 25.06, HDFC Asset Management Company has the highest ROE at 34.56%, and TVS Motor Company grew net profit 35.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Larsen_and_Toubro_a_good_stock_to_buy_from_this_Under_Rs_4650_list\"><\/span><strong>Is Larsen and Toubro a good stock to buy from this Under Rs 4650 list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Larsen and Toubro is the largest company on this list with a market capitalisation of Rs 5,23,536 crore and a P\/E of 25.06 against an industry P\/E of 21.53. Its FY26 revenue rose 12.2% and net profit rose 8.3%, with return on equity at 15.81%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_these_under_Rs_4650_stocks_expensive_right_now\"><\/span><strong>Are these under Rs 4650 stocks expensive right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Valuations vary across the group. Avenue Supermarts trades at a P\/E of 66.65, HDFC Asset Management Company trades at a P\/E of 33.40, KEI Industries trades at a P\/E of 34.90, Larsen and Toubro trades at a P\/E of 25.06, TVS Motor Company trades at a P\/E of 50.50, against industry multiples ranging from 16.15 to 60.81. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_under_Rs_4650_stocks_pay_a_dividend\"><\/span><strong>Which of these under Rs 4650 stocks pay a dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dividend yields on this list are HDFC Asset Management Company 2.33%, KEI Industries 0.12%, Larsen and Toubro 1.00%, TVS Motor Company 0.28%. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_stock_on_this_list_has_the_highest_return_on_equity\"><\/span><strong>Which stock on this list has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HDFC Asset Management Company has the highest ROE on this list at 34.56%, followed by TVS Motor Company at 31.56% and Larsen and Toubro at 15.81%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_under_Rs_4650_stocks\"><\/span><strong>What are the risks of investing in under Rs 4650 stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are price levels that say little about value, one high valuation and a wide spread in sectors. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_under_Rs_4650_stocks_in_India\"><\/span><strong>How can I invest in under Rs 4650 stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best under Rs 4650 stocks to buy in November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The five under Rs 4650 stocks on the November 2026 watchlist are Avenue Supermarts, HDFC Asset Management Company, KEI Industries, Larsen and Toubro and TVS Motor Company. Larsen and Toubro has the lowest P\/E at 25.06, HDFC Asset Management Company has the highest ROE at 34.56%, and TVS Motor Company grew net profit 35.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.\"}},{\"@type\":\"Question\",\"name\":\"Is Larsen and Toubro a good stock to buy from this Under Rs 4650 list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Larsen and Toubro is the largest company on this list with a market capitalisation of Rs 5,23,536 crore and a P\/E of 25.06 against an industry P\/E of 21.53. Its FY26 revenue rose 12.2% and net profit rose 8.3%, with return on equity at 15.81%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.\"}},{\"@type\":\"Question\",\"name\":\"Are these under Rs 4650 stocks expensive right now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Valuations vary across the group. Avenue Supermarts trades at a P\/E of 66.65, HDFC Asset Management Company trades at a P\/E of 33.40, KEI Industries trades at a P\/E of 34.90, Larsen and Toubro trades at a P\/E of 25.06, TVS Motor Company trades at a P\/E of 50.50, against industry multiples ranging from 16.15 to 60.81. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.\"}},{\"@type\":\"Question\",\"name\":\"Which of these under Rs 4650 stocks pay a dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dividend yields on this list are HDFC Asset Management Company 2.33%, KEI Industries 0.12%, Larsen and Toubro 1.00%, TVS Motor Company 0.28%. 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.\"}},{\"@type\":\"Question\",\"name\":\"Which stock on this list has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HDFC Asset Management Company has the highest ROE on this list at 34.56%, followed by TVS Motor Company at 31.56% and Larsen and Toubro at 15.81%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in under Rs 4650 stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are price levels that say little about value, one high valuation and a wide spread in sectors. 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.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in under Rs 4650 stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Five under Rs 4650 stocks on the November 2026 watchlist with FY26 growth, valuation, ROE, shareholding and risks for Avenue, HDFC AMC, KEI Industries, L&#038;T and TVS Motor.<\/p>\n","protected":false},"author":28,"featured_media":344962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21207,153,730,19434,21785,22943],"class_list":["post-344963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-21207","tag-avenue-supermarts","tag-kei-industries","tag-larsen-and-toubro","tag-stocks-under-4","tag-stocks-under-4650"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344962"],"rank_math_title":["Under Rs 4650 Stocks to Buy in Nov 2026: Top 5 Picks"],"rank_math_description":["Under Rs 4650 stocks to buy in November 2026: Avenue, HDFC AMC, KEI Industries, L&amp;T and TVS Motor, with FY26 growth, valuation, ROE and key risks for each."],"rank_math_focus_keyword":["under Rs 4650 stocks to buy"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/under-rs-4650-stocks-to-buy-in-november-2026-5-names-on-the-watchlist.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=344963"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344963\/revisions"}],"predecessor-version":[{"id":344964,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344963\/revisions\/344964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/344962"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=344963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=344963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=344963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}