Under Rs 4650 Stocks to Buy in November 2026: 5 Names on the Watchlist

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 Nifty 50 index and TVS Motor Company is part of the Nifty Auto 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 4650 stocks to buy to a portfolio. All prices are NSE closing prices of 11 November 2026, and financials come from company filings.

Click Here – Get Free Investment Predictions

Which Are the Best Under Rs 4650 Stocks to Buy in November 2026?

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.

Company	CMP (Rs)	Market Cap	P/E	ROE	Dividend Yield
Avenue Supermarts	3,468	Rs 2,07,643 crore	66.65	11.94%	0.00%
HDFC Asset Management Company	2,715	Rs 99,451 crore	33.40	34.56%	2.33%
KEI Industries	4,006	Rs 36,843 crore	34.90	14.66%	0.12%
Larsen and Toubro	4,212	Rs 5,23,536 crore	25.06	15.81%	1.00%
TVS Motor Company	4,560	Rs 2,01,389 crore	50.50	31.56%	0.28%

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.

Why These Under Rs 4650 Stocks to Buy Are in Focus

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.

Avenue Supermarts: The DMart Operator Among Under Rs 4650 Stocks to Buy

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.

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.

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.

HDFC Asset Management Company: The Mutual Fund Leader Among Under Rs 4650 Stocks to Buy

HDFC Asset Management Company is one of India'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.

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%).

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.

Check Under Rs 4650 Stocks Live on the Univest Screener

KEI Industries: The Power Cable Specialist Among Under Rs 4650 Stocks to Buy

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.

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%.

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.

Larsen and Toubro: The Infrastructure Conglomerate Among Under Rs 4650 Stocks to Buy

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.

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.

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.

TVS Motor Company: The Fast-Growing Two-Wheeler Name Among Under Rs 4650 Stocks to Buy

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.

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%).

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.

Download the Univest iOS App or Univest Android App to track these under Rs 4650 stocks live and get daily stock recommendations.

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 4650 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Avenue Supermarts	15.8%	9.7%	Sep 2026	17.7%	8.5%
HDFC Asset Management Company	13.8%	16.2%	Sep 2026	10.5%	4.2%
KEI Industries	21.4%	31.9%	Sep 2026	37.3%	29.0%
Larsen and Toubro	12.2%	8.3%	Sep 2026	16.8%	26.2%
TVS Motor Company	27.0%	35.6%	Sep 2026	39.4%	46.4%

Factors That Move Under Rs 4650 Stocks to Buy

Four factors tend to drive under Rs 4650 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Retail, asset management, cables, engineering and two-wheelers differ.
• Dividends: HDFC Asset Management Company yields about 2.3%.
• Valuation: P/E runs from about 25 to 67.

Risks to Keep in Mind Before Buying Under Rs 4650 Stocks

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.

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.

How to Choose Under Rs 4650 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Larsen and Toubro trades lowest.
• Read ROE: HDFC Asset Management Company leads.
• Diversify: Spread across the five sectors.

How to Invest in Under Rs 4650 Stocks

1. Shortlist two or three companies from this list that match your risk appetite.
2. Open the Univest Screener and compare P/E, ROE and debt for each stock.
3. Check the latest quarterly results and shareholding pattern on NSE or BSE.
4. Decide an amount you can hold for three to five years and split it into two or three purchases.
5. Review the holding after every quarterly result instead of reacting to daily price moves.

Conclusion

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.

Frequently Asked Questions on Under Rs 4650 Stocks to Buy

Which are the best under Rs 4650 stocks to buy in November 2026?

Ans. 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.

Is Larsen and Toubro a good stock to buy from this Under Rs 4650 list?

Ans. 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.

Are these under Rs 4650 stocks expensive right now?

Ans. 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.

Which of these under Rs 4650 stocks pay a dividend?

Ans. 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.

Which stock on this list has the highest return on equity?

Ans. 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.

What are the risks of investing in under Rs 4650 stocks?

Ans. 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.

How can I invest in under Rs 4650 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.