Under Rs 4800 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 4800 stocks to buy in November 2026 start with five listed names: Avenue Supermarts, HDFC Asset Management Company, Multi Commodity Exchange of India, Muthoot Finance and Power Mech Projects. Stocks under Rs 4,800 include a supermarket chain, a fund house, a commodity exchange, a gold loan lender and a power plant services contractor, priced from about Rs 2,407 to Rs 3,545.

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 4800 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 4800 Stocks to Buy in November 2026?

The best under Rs 4800 stocks to buy in November 2026 for a watchlist are Avenue Supermarts, HDFC Asset Management Company, Multi Commodity Exchange of India, Muthoot Finance and Power Mech Projects. 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	3,467	Rs 2,07,643 crore	66.65	11.94%	0.00%
HDFC Asset Management Company	2,620	Rs 99,451 crore	33.40	34.56%	2.33%
Multi Commodity Exchange of India	3,545	Rs 82,337 crore	53.41	46.75%	0.25%
Muthoot Finance	2,918	Rs 96,935 crore	8.46	28.01%	1.24%
Power Mech Projects	2,406	Rs 6,940 crore	16.51	14.45%	0.07%

On valuation, Muthoot Finance and Power Mech Projects trade below the industry P/E; Avenue Supermarts sits close to it; HDFC Asset Management Company and Multi Commodity Exchange of India carry a premium. Valuation is the first filter for any under Rs 4800 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 4800 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, India's leading commodity exchange, the largest gold loan lender and a power plant services contractor, all of which closed below Rs 4,800 on the NSE on 9 November. Investors searching for the best stocks under Rs 4,800 in India should check earnings, valuation and debt.

Avenue Supermarts: The DMart Operator Among Under Rs 4800 Stocks to Buy

Avenue Supermarts is the owner of DMart supermarkets across India. Its market capitalisation is Rs 2,07,643 crore, the share price is Rs 3,467 and the P/E of 66.65 compares with an industry P/E of 60.81.

Over FY26, net profit rose 9.7% to Rs 2,970 crore on revenue of Rs 68,895 crore, which was up 15.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 19,658 crore, up 17.7% year on year, and net profit of Rs 743 crore, up 8.5%.

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 4800 Stocks to Buy

HDFC Asset Management Company is one of India's largest mutual fund managers. The stock trades at Rs 2,620 with a market capitalisation of Rs 99,451 crore and a P/E of 33.40, against an industry P/E of 16.15.

FY26 revenue rose 13.8% to Rs 4,622 crore and net profit rose 16.2% to Rs 2,858 crore. In the September 2026 quarter, revenue grew 10.5% year on year to Rs 1,241 crore, while net profit grew 4.2% to Rs 749 crore.

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.

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Multi Commodity Exchange of India: The Commodity Exchange Among Under Rs 4800 Stocks to Buy

Multi Commodity Exchange of India is India's leading commodity derivatives exchange. At Rs 3,545, the stock has a market capitalisation of Rs 82,337 crore and trades at 53.41 times earnings, while the industry P/E is 42.66.

Reported numbers show FY26 revenue of Rs 2,429 crore, up 100.9% year on year, with net profit at Rs 1,332 crore, up 137.8%. The June 2026 quarter added revenue of Rs 752 crore (up 85.3%) and net profit of Rs 413 crore (up 103.5%).

Return on equity is 46.75%, and the dividend yield is 0.25%. The company has no identified promoter, with foreign institutions holding 27.07% and domestic institutions 54.17% as of September 2026. Foreign institutional holding has risen from 19.00% to 27.07% over the last year.

Muthoot Finance: The Gold Loan Leader Among Under Rs 4800 Stocks to Buy

Muthoot Finance is India's largest gold loan non-banking finance company. Its market capitalisation is Rs 96,935 crore, the share price is Rs 2,918 and the P/E of 8.46 compares with an industry P/E of 16.13.

Over FY26, net profit rose 98.2% to Rs 10,607 crore on revenue of Rs 31,263 crore, which was up 54.3%. The latest quarter, the June 2026 quarter, brought revenue of Rs 8,695 crore, up 34.5% year on year, and net profit of Rs 2,825 crore, up 43.1%.

Return on equity is 28.01%, and the dividend yield is 1.24%. Promoters hold 73.35%, foreign institutions 9.72% and domestic institutions 11.40% as of September 2026.

Power Mech Projects: The Power Services Contractor Among Under Rs 4800 Stocks to Buy

Power Mech Projects is an engineering services company for power plants and infrastructure. The stock trades at Rs 2,406 with a market capitalisation of Rs 6,940 crore and a P/E of 16.51, against an industry P/E of 21.97.

FY26 revenue rose 15.7% to Rs 6,107 crore and net profit rose 18.5% to Rs 412 crore. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit grew 10.9% to Rs 89.3 crore.

Return on equity is 14.45%, debt-to-equity is 0.26, and the dividend yield is 0.07%. Promoters hold 58.42%, foreign institutions 6.34% and domestic institutions 20.76% 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 4800 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%
Multi Commodity Exchange of India	100.9%	137.8%	Jun 2026	85.3%	103.5%
Muthoot Finance	54.3%	98.2%	Jun 2026	34.5%	43.1%
Power Mech Projects	15.7%	18.5%	Jun 2026	25.1%	10.9%

Factors That Move Under Rs 4800 Stocks to Buy

Four factors tend to drive under Rs 4800 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Retail, asset management, exchanges, gold loans and power services differ.
• Dividends: HDFC Asset Management Company yields about 2.3%.
• Valuation: P/E runs from about 8 to 67.

Risks to Keep in Mind Before Buying Under Rs 4800 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 Muthoot Finance trades near 8, and Muthoot Finance carries the highest borrowings of the five as a lender. 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 4800 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 4800 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Muthoot Finance trades lowest.
• Read ROE: Multi Commodity Exchange of India leads.
• Diversify: Spread across the five sectors.

How to Invest in Under Rs 4800 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

Muthoot Finance offers the lowest P/E on this list at 8.46, Multi Commodity Exchange of India has the highest return on equity at 46.75%, and Multi Commodity Exchange of India posted the fastest net profit growth in its latest full year at 137.8%. Among the best under Rs 4800 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 4800 stocks to buy.

Frequently Asked Questions on Under Rs 4800 Stocks to Buy

Which are the best under Rs 4800 stocks to buy in November 2026?

Ans. The five under Rs 4800 stocks on the November 2026 watchlist are Avenue Supermarts, HDFC Asset Management Company, Multi Commodity Exchange of India, Muthoot Finance and Power Mech Projects. Muthoot Finance has the lowest P/E at 8.46, Multi Commodity Exchange of India has the highest ROE at 46.75%, and Multi Commodity Exchange of India grew net profit 137.8% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Avenue Supermarts a good stock to buy from this Under Rs 4800 list?

Ans. Avenue Supermarts is the largest company on this list 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. Its FY26 revenue rose 15.8% and net profit rose 9.7%, with return on equity at 11.94%. 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 4800 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, Multi Commodity Exchange of India trades at a P/E of 53.41, Muthoot Finance trades at a P/E of 8.46, Power Mech Projects trades at a P/E of 16.51, against industry multiples ranging from 16.13 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 4800 stocks pay a dividend?

Ans. Dividend yields on this list are HDFC Asset Management Company 2.33%, Multi Commodity Exchange of India 0.25%, Muthoot Finance 1.24%, Power Mech Projects 0.07%. 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. Multi Commodity Exchange of India has the highest ROE on this list at 46.75%, followed by HDFC Asset Management Company at 34.56% and Muthoot Finance at 28.01%. 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 4800 stocks?

Ans. The main risks are price levels that say little about value, gold price swings and trading volume changes at the exchange. 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 4800 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.