Under Rs 840 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 840 stocks to buy in November 2026 start with five listed names: Allied Blenders and Distillers, CG Power and Industrial Solutions, Fortis Healthcare, HDFC Bank and Metro Brands. Stocks under Rs 840 include a spirits maker, an electrical equipment maker, a hospital chain, India's largest private sector bank and a footwear retailer, priced from about Rs 758 to Rs 836. HDFC Bank is part of the Bank Nifty, Nifty 50 and Sensex indices.

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 840 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 840 Stocks to Buy in November 2026?

The best under Rs 840 stocks to buy in November 2026 for a watchlist are Allied Blenders and Distillers, CG Power and Industrial Solutions, Fortis Healthcare, HDFC Bank and Metro Brands. 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
Allied Blenders and Distillers	758.00	Rs 19,657 crore	91.03	13.90%	0.77%
CG Power and Industrial Solutions	821.75	Rs 1,31,221 crore	96.18	15.74%	0.16%
Fortis Healthcare	760.00	Rs 56,890 crore	53.14	10.53%	0.13%
HDFC Bank	812.30	Rs 10,58,188 crore	12.65	13.27%	2.25%
Metro Brands	836.00	Rs 22,392 crore	53.23	19.82%	0.73%

On valuation, Fortis Healthcare trades below the industry P/E; Allied Blenders and Distillers, CG Power and Industrial Solutions, HDFC Bank and Metro Brands carry a premium. Valuation is the first filter for any under Rs 840 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 840 Stocks to Buy Are in Focus

A mid-range share price does not mean a stock is inexpensive, because value depends on earnings and the number of shares. The list covers a maker of whisky and other spirits, a maker of power and industrial electrical equipment, a hospital chain, the country's largest private sector bank and a footwear retailer, all of which closed below Rs 840 on the NSE on 12 November. Investors searching for the best stocks under Rs 840 in India should check earnings, valuation and debt.

Allied Blenders and Distillers: The Volume Whisky Player Among Under Rs 840 Stocks to Buy

Allied Blenders and Distillers is the maker of Officer's Choice, one of the highest-selling whisky brands in the country by volume. Its market capitalisation is Rs 19,657 crore, the share price is Rs 758.00 and the P/E of 91.03 compares with an industry P/E of 49.38.

Over FY26, net profit rose 13.0% to Rs 220 crore on revenue of Rs 3,949 crore, which was up 11.5%. The latest quarter, the September 2026 quarter, brought revenue of Rs 2,089 crore, up 6.7% year on year, and net profit of Rs 69.0 crore, up 9.7%.

Return on equity is 13.90%, debt-to-equity is 0.85, and the dividend yield is 0.77%. Promoters hold 78.95%, foreign institutions 4.40% and domestic institutions 6.64% as of September 2026. Domestic institutional holding has risen from 4.56% to 6.64% over the last year. A point to keep in view: at a P/E of 91.03, expectations are already high.

CG Power and Industrial Solutions: The Power Equipment Maker Among Under Rs 840 Stocks to Buy

CG Power and Industrial Solutions is a maker of transformers, motors and power systems in the Murugappa Group. The stock trades at Rs 821.75 with a market capitalisation of Rs 1,31,221 crore and a P/E of 96.18, against an industry P/E of 41.42.

FY26 revenue rose 25.7% to Rs 12,662 crore and net profit rose 23.0% to Rs 1,197 crore. In the September 2026 quarter, revenue grew 29.9% year on year to Rs 3,883 crore, while net profit grew 43.8% to Rs 409 crore.

Return on equity is 15.74%, debt-to-equity is 0.02, and the dividend yield is 0.16%. Promoters hold 56.34%, foreign institutions 11.08% and domestic institutions 19.02% as of September 2026. Domestic institutional holding has risen from 16.26% to 19.02% over the last year. A point to keep in view: at a P/E of 96.18, expectations are already high.

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Fortis Healthcare: The Multi-City Hospital Network Among Under Rs 840 Stocks to Buy

Fortis Healthcare is a hospital and diagnostics network with large facilities across the country. At Rs 760.00, the stock has a market capitalisation of Rs 56,890 crore and trades at 53.14 times earnings, while the industry P/E is 61.50.

Reported numbers show FY26 revenue of Rs 9,178 crore, up 16.9% year on year, with net profit at Rs 1,064 crore, up 31.5%. The June 2026 quarter added revenue of Rs 2,560 crore (up 17.3%) and net profit of Rs 273 crore (up 2.3%).

Return on equity is 10.53%, debt-to-equity is 0.35, and the dividend yield is 0.13%. Promoters hold 31.17%, foreign institutions 23.19% and domestic institutions 34.46% as of September 2026. Domestic institutional holding has risen from 29.14% to 34.46% over the last year.

HDFC Bank: The Private Sector Heavyweight Among Under Rs 840 Stocks to Buy

HDFC Bank is India's largest private sector bank by assets, with a nationwide retail and corporate franchise. Its market capitalisation is Rs 10,58,188 crore, the share price is Rs 812.30 and the P/E of 12.65 compares with an industry P/E of 11.43.

Over FY26, net profit rose 7.9% to Rs 79,219 crore on revenue of Rs 4,95,463 crore, which was up 5.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,29,359 crore, up 9.1% year on year, and net profit of Rs 21,537 crore, up 5.8%.

Return on equity is 13.27%, and the dividend yield is 2.25%. The company has no identified promoter, with foreign institutions holding 39.40% and domestic institutions 43.63% as of September 2026. Domestic institutional holding has risen from 36.26% to 43.63% over the last year.

Metro Brands: The Footwear Retailer Among Under Rs 840 Stocks to Buy

Metro Brands is a footwear retailer with Metro, Mochi and Walkway stores. The stock trades at Rs 836.00 with a market capitalisation of Rs 22,392 crore and a P/E of 53.23, against an industry P/E of 36.24.

FY26 revenue rose 14.1% to Rs 2,968 crore and net profit rose 17.3% to Rs 416 crore. In the September 2026 quarter, revenue grew 10.9% year on year to Rs 753 crore, while net profit grew 12.0% to Rs 77.3 crore.

Return on equity is 19.82%, debt-to-equity is 0.76, and the dividend yield is 0.73%. Promoters hold 71.78%, foreign institutions 2.76% and domestic institutions 8.66% as of September 2026. Domestic institutional holding has risen from 7.36% to 8.66% over the last year.

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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 840 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Allied Blenders and Distillers	11.5%	13.0%	Sep 2026	6.7%	9.7%
CG Power and Industrial Solutions	25.7%	23.0%	Sep 2026	29.9%	43.8%
Fortis Healthcare	16.9%	31.5%	Jun 2026	17.3%	2.3%
HDFC Bank	5.2%	7.9%	Sep 2026	9.1%	5.8%
Metro Brands	14.1%	17.3%	Sep 2026	10.9%	12.0%

Factors That Move Under Rs 840 Stocks to Buy

Four factors tend to drive under Rs 840 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Spirits, electricals, hospitals, banking and footwear differ.
• Dividends: HDFC Bank yields about 2.3%.
• Valuation: P/E runs from about 13 to 96.

Risks to Keep in Mind Before Buying Under Rs 840 Stocks

The first risk is that a mid-range share price says little about value, so earnings and valuation matter more. The second is that CG Power and Industrial Solutions trades at a P/E near 96 and Allied Blenders and Distillers near 91 while HDFC Bank trades near 13, and Allied Blenders and Distillers carries the highest borrowings of the four non-bank companies. Check results every quarter.

On the numbers, CG Power and Industrial Solutions trades at the highest P/E on this list at 96.18, so its earnings need to keep growing to support the price. Under Rs 840 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 840 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: HDFC Bank trades lowest.
• Read ROE: Metro Brands leads.
• Diversify: Spread across the five sectors.

How to Invest in Under Rs 840 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

HDFC Bank offers the lowest P/E on this list at 12.65, Metro Brands has the highest return on equity at 19.82%, and Fortis Healthcare posted the fastest net profit growth in its latest full year at 31.5%. Among the best under Rs 840 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 840 stocks to buy.

Frequently Asked Questions on Under Rs 840 Stocks to Buy

Which are the best under Rs 840 stocks to buy in November 2026?

Ans. The five under Rs 840 stocks on the November 2026 watchlist are Allied Blenders and Distillers, CG Power and Industrial Solutions, Fortis Healthcare, HDFC Bank and Metro Brands. HDFC Bank has the lowest P/E at 12.65, Metro Brands has the highest ROE at 19.82%, and Fortis Healthcare grew net profit 31.5% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is HDFC Bank a good stock to buy from this Under Rs 840 list?

Ans. HDFC Bank is the largest company on this list with a market capitalisation of Rs 10,58,188 crore and a P/E of 12.65 against an industry P/E of 11.43. Its FY26 revenue rose 5.2% and net profit rose 7.9%, with return on equity at 13.27%. 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 840 stocks expensive right now?

Ans. Valuations vary across the group. Allied Blenders and Distillers trades at a P/E of 91.03, CG Power and Industrial Solutions trades at a P/E of 96.18, Fortis Healthcare trades at a P/E of 53.14, HDFC Bank trades at a P/E of 12.65, Metro Brands trades at a P/E of 53.23, against industry multiples ranging from 11.43 to 61.50. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 840 stocks pay a dividend?

Ans. Dividend yields on this list are Allied Blenders and Distillers 0.77%, CG Power and Industrial Solutions 0.16%, Fortis Healthcare 0.13%, HDFC Bank 2.25%, Metro Brands 0.73%. 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. Metro Brands has the highest ROE on this list at 19.82%, followed by CG Power and Industrial Solutions at 15.74% and Allied Blenders and Distillers at 13.90%. 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 840 stocks?

Ans. The main risks are mid-range prices that say little about value, very high valuations at two names and borrowings at the spirits maker. On this list, CG Power and Industrial Solutions trades at the highest P/E of 96.18, 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 840 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.