Under Rs 4850 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 4850 stocks to buy in November 2026 start with five listed names: Endurance Technologies, Gujarat Fluorochemicals, Larsen and Toubro, Mahindra and Mahindra and Power Mech Projects. Stocks under Rs 4,850 include an auto components maker, a fluorochemicals company, an engineering major, a vehicle and tractor maker and a power infrastructure services company, priced from about Rs 2,395 to Rs 4,814. Larsen and Toubro and Mahindra and Mahindra are part of the Nifty 50 index and Mahindra and Mahindra 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 4850 stocks to buy to a portfolio. All prices are NSE closing prices of 12 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 4850 Stocks to Buy in November 2026?

The best under Rs 4850 stocks to buy in November 2026 for a watchlist are Endurance Technologies, Gujarat Fluorochemicals, Larsen and Toubro, Mahindra and Mahindra 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
Endurance Technologies	2,520	Rs 32,395 crore	33.40	13.91%	0.50%
Gujarat Fluorochemicals	4,814	Rs 46,777 crore	77.96	7.13%	0.07%
Larsen and Toubro	4,159	Rs 5,23,536 crore	25.06	15.81%	1.00%
Mahindra and Mahindra	3,399	Rs 3,56,893 crore	17.63	18.37%	1.11%
Power Mech Projects	2,395	Rs 6,940 crore	16.51	14.45%	0.07%

On valuation, Mahindra and Mahindra and Power Mech Projects trade below the industry P/E; Endurance Technologies sits close to it; Gujarat Fluorochemicals and Larsen and Toubro carry a premium. Valuation is the first filter for any under Rs 4850 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 4850 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 a maker of braking and suspension systems, a fluorochemicals and refrigerants maker, the largest engineering and construction group, a vehicle and tractor maker and a power infrastructure services company, all of which closed below Rs 4,850 on the NSE on 12 November. Investors searching for the best stocks under Rs 4,850 in India should check earnings, valuation and debt.

Endurance Technologies: The Two-Wheeler Parts Specialist Among Under Rs 4850 Stocks to Buy

Endurance Technologies is a maker of suspension, braking and casting parts for two-wheelers and cars, with a European subsidiary. The stock trades at Rs 2,520 with a market capitalisation of Rs 32,395 crore and a P/E of 33.40, against an industry P/E of 36.13.

FY26 revenue rose 26.1% to Rs 14,720 crore and net profit rose 13.8% to Rs 952 crore. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit grew 8.0% to Rs 245 crore.

Return on equity is 13.91%, debt-to-equity is 0.19, and the dividend yield is 0.50%. Promoters hold 75.00%, foreign institutions 12.07% and domestic institutions 10.48% as of September 2026. Domestic institutional holding has risen from 9.06% to 10.48% over the last year.

Gujarat Fluorochemicals: The Fluoropolymer Maker Among Under Rs 4850 Stocks to Buy

Gujarat Fluorochemicals is a maker of fluoropolymers, refrigerants and battery chemicals. At Rs 4,814, the stock has a market capitalisation of Rs 46,777 crore and trades at 77.96 times earnings, while the industry P/E is 33.45.

Reported numbers show FY26 revenue of Rs 5,126 crore, up 5.6% year on year, with net profit at Rs 574 crore, up 5.1%. The June 2026 quarter added revenue of Rs 1,600 crore (up 22.7%) and net profit of Rs 219 crore (up 20.3%).

Return on equity is 7.13%, debt-to-equity is 0.29, and the dividend yield is 0.07%. Promoters hold 61.39%, foreign institutions 4.53% and domestic institutions 13.32% as of September 2026. A point to keep in view: at a P/E of 77.96, expectations are already high, and return on equity is a modest 7.13%.

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Larsen and Toubro: The Infrastructure Conglomerate Among Under Rs 4850 Stocks to Buy

Larsen and Toubro is an engineering and construction conglomerate spanning infrastructure, defence, energy and IT services. Its market capitalisation is Rs 5,23,536 crore, the share price is Rs 4,159 and the P/E of 25.06 compares with an industry P/E of 21.53.

Over FY26, net profit rose 8.3% to Rs 19,159 crore on revenue of Rs 2,91,635 crore, which was up 12.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 81,056 crore, up 16.8% year on year, and net profit of Rs 5,915 crore, up 26.2%.

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.

Mahindra and Mahindra: The SUV and Tractor Leader Among Under Rs 4850 Stocks to Buy

Mahindra and Mahindra is India's leading SUV and tractor maker, with farm equipment, commercial vehicles and services arms. The stock trades at Rs 3,399 with a market capitalisation of Rs 3,56,893 crore and a P/E of 17.63, against an industry P/E of 23.63.

FY26 revenue rose 25.2% to Rs 2,02,084 crore and net profit rose 32.3% to Rs 18,622 crore. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit grew 37.0% to Rs 5,998 crore.

Return on equity is 18.37%, debt-to-equity is 1.44, and the dividend yield is 1.11%. Promoters hold 18.39%, foreign institutions 33.35% and domestic institutions 34.24% as of September 2026. Domestic institutional holding has risen from 29.96% to 34.24% over the last year. A point to keep in view: debt is higher than most names on this list.

Power Mech Projects: The Power Services Contractor Among Under Rs 4850 Stocks to Buy

Power Mech Projects is an engineering services company for power plants and infrastructure. At Rs 2,395, the stock has a market capitalisation of Rs 6,940 crore and trades at 16.51 times earnings, while the industry P/E is 21.97.

Reported numbers show FY26 revenue of Rs 6,107 crore, up 15.7% year on year, with net profit at Rs 412 crore, up 18.5%. The June 2026 quarter added revenue of Rs 1,632 crore (up 25.1%) and net profit of Rs 89.3 crore (up 10.9%).

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 4850 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Endurance Technologies	26.1%	13.8%	Jun 2026	29.6%	8.0%
Gujarat Fluorochemicals	5.6%	5.1%	Jun 2026	22.7%	20.3%
Larsen and Toubro	12.2%	8.3%	Sep 2026	16.8%	26.2%
Mahindra and Mahindra	25.2%	32.3%	Jun 2026	27.5%	37.0%
Power Mech Projects	15.7%	18.5%	Jun 2026	25.1%	10.9%

Factors That Move Under Rs 4850 Stocks to Buy

Four factors tend to drive under Rs 4850 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Auto parts, chemicals, engineering, vehicles and power services differ.
• Dividends: Mahindra and Mahindra yields about 1.1%.
• Valuation: P/E runs from about 17 to 78.

Risks to Keep in Mind Before Buying Under Rs 4850 Stocks

The first risk is that a higher share price says little about value, so earnings and valuation matter more. The second is that Gujarat Fluorochemicals trades at a P/E near 78 while Power Mech Projects trades near 17, Power Mech Projects is valued at only about Rs 6,900 crore, and Mahindra and Mahindra carries the highest borrowings of the five. Check results every quarter.

On the numbers, Gujarat Fluorochemicals trades at the highest P/E on this list at 77.96, so its earnings need to keep growing to support the price. Under Rs 4850 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 4850 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Power Mech Projects trades lowest.
• Read ROE: Mahindra and Mahindra leads.
• Diversify: Spread across the five sectors.

How to Invest in Under Rs 4850 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

Power Mech Projects offers the lowest P/E on this list at 16.51, Mahindra and Mahindra has the highest return on equity at 18.37%, and Mahindra and Mahindra posted the fastest net profit growth in its latest full year at 32.3%. Among the best under Rs 4850 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 4850 stocks to buy.

Frequently Asked Questions on Under Rs 4850 Stocks to Buy

Which are the best under Rs 4850 stocks to buy in November 2026?

Ans. The five under Rs 4850 stocks on the November 2026 watchlist are Endurance Technologies, Gujarat Fluorochemicals, Larsen and Toubro, Mahindra and Mahindra and Power Mech Projects. Power Mech Projects has the lowest P/E at 16.51, Mahindra and Mahindra has the highest ROE at 18.37%, and Mahindra and Mahindra grew net profit 32.3% 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 4850 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 4850 stocks expensive right now?

Ans. Valuations vary across the group. Endurance Technologies trades at a P/E of 33.40, Gujarat Fluorochemicals trades at a P/E of 77.96, Larsen and Toubro trades at a P/E of 25.06, Mahindra and Mahindra trades at a P/E of 17.63, Power Mech Projects trades at a P/E of 16.51, against industry multiples ranging from 21.53 to 36.13. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 4850 stocks pay a dividend?

Ans. Dividend yields on this list are Endurance Technologies 0.50%, Gujarat Fluorochemicals 0.07%, Larsen and Toubro 1.00%, Mahindra and Mahindra 1.11%, Power Mech Projects 0.07%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.

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

Ans. Mahindra and Mahindra has the highest ROE on this list at 18.37%, followed by Larsen and Toubro at 15.81% and Power Mech Projects at 14.45%. 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 4850 stocks?

Ans. The main risks are price levels that say little about value, one high valuation and thin trading at the smallest company. On this list, Gujarat Fluorochemicals trades at the highest P/E of 77.96, 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 4850 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.