Under Rs 920 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 920 stocks to buy in November 2026 start with five listed names: Aarti Industries, HDFC Bank, JSW Energy, Metro Brands and PN Gadgil Jewellers. Stocks under Rs 920 include a specialty chemicals maker, India's largest private sector bank, a power producer, a footwear retailer and a jewellery retailer, priced from about Rs 483 to Rs 838. 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 920 stocks to buy to a portfolio. All prices are NSE closing prices of 11 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 920 Stocks to Buy in November 2026?

The best under Rs 920 stocks to buy in November 2026 for a watchlist are Aarti Industries, HDFC Bank, JSW Energy, Metro Brands and PN Gadgil Jewellers. 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
Aarti Industries	483.25	Rs 15,863 crore	29.87	7.04%	0.23%
HDFC Bank	806.60	Rs 10,58,188 crore	12.65	13.27%	2.25%
JSW Energy	519.50	Rs 93,508 crore	33.69	6.32%	0.38%
Metro Brands	838.05	Rs 22,392 crore	53.23	19.82%	0.73%
PN Gadgil Jewellers	629.45	Rs 8,434 crore	18.92	20.88%	0.00%

On valuation, Aarti Industries and PN Gadgil Jewellers trade below the industry P/E; HDFC Bank, JSW Energy and Metro Brands carry a premium. Valuation is the first filter for any under Rs 920 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 920 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 specialty chemicals maker, the country's largest private sector bank, a power producer, a footwear retailer and a regional jewellery retailer, all of which closed below Rs 920 on the NSE on 11 November. Investors searching for the best stocks under Rs 920 in India should check earnings, valuation and debt.

Aarti Industries: The Intermediates Maker Among Under Rs 920 Stocks to Buy

Aarti Industries is a benzene-based speciality chemicals and intermediates maker. Its market capitalisation is Rs 15,863 crore, the share price is Rs 483.25 and the P/E of 29.87 compares with an industry P/E of 33.45.

Over FY26, net profit rose 26.7% to Rs 419 crore on revenue of Rs 8,291 crore, which was up 13.8%. The latest quarter, the June 2026 quarter, brought revenue of Rs 2,630 crore, up 40.6% year on year, and net profit of Rs 155 crore, up 260.5%.

Return on equity is 7.04%, debt-to-equity is 0.83, and the dividend yield is 0.23%. Promoters hold 41.82%, foreign institutions 6.96% and domestic institutions 20.89% as of September 2026. Domestic institutional holding has risen from 18.21% to 20.89% over the last year. A point to keep in view: return on equity is a modest 7.04%.

HDFC Bank: The Private Sector Heavyweight Among Under Rs 920 Stocks to Buy

HDFC Bank is India's largest private sector bank by assets, with a nationwide retail and corporate franchise. The stock trades at Rs 806.60 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.

FY26 revenue rose 5.2% to Rs 4,95,463 crore and net profit rose 7.9% to Rs 79,219 crore. In the September 2026 quarter, revenue grew 9.1% year on year to Rs 1,29,359 crore, while net profit grew 5.8% to Rs 21,537 crore.

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.

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JSW Energy: The Growing Power Producer Among Under Rs 920 Stocks to Buy

JSW Energy is a power producer building thermal, hydro and renewable capacity. At Rs 519.50, the stock has a market capitalisation of Rs 93,508 crore and trades at 33.69 times earnings, while the industry P/E is 19.93.

Reported numbers show FY26 revenue of Rs 19,878 crore, up 57.3% year on year, with net profit at Rs 2,762 crore, up 39.3%. The September 2026 quarter added revenue of Rs 6,658 crore (up 24.2%) and net profit of Rs 1,141 crore (up 38.4%).

Return on equity is 6.32%, debt-to-equity is 2.25, and the dividend yield is 0.38%. Promoters hold 66.53%, foreign institutions 10.91% and domestic institutions 16.71% as of September 2026. Domestic institutional holding has risen from 14.43% to 16.71% over the last year. A point to keep in view: debt is higher than most names on this list, and return on equity is a modest 6.32%.

Metro Brands: The Footwear Retailer Among Under Rs 920 Stocks to Buy

Metro Brands is a footwear retailer with Metro, Mochi and Walkway stores. Its market capitalisation is Rs 22,392 crore, the share price is Rs 838.05 and the P/E of 53.23 compares with an industry P/E of 36.24.

Over FY26, net profit rose 17.3% to Rs 416 crore on revenue of Rs 2,968 crore, which was up 14.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 753 crore, up 10.9% year on year, and net profit of Rs 77.3 crore, up 12.0%.

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.

PN Gadgil Jewellers: The Maharashtra Retailer Among Under Rs 920 Stocks to Buy

PN Gadgil Jewellers is a Pune-based jewellery retailer with a large store network in Maharashtra. The stock trades at Rs 629.45 with a market capitalisation of Rs 8,434 crore and a P/E of 18.92, against an industry P/E of 44.29.

FY26 revenue rose 40.2% to Rs 10,827 crore and net profit rose 87.8% to Rs 410 crore. In the June 2026 quarter, revenue grew 40.3% year on year to Rs 2,423 crore, while net profit grew 51.9% to Rs 105 crore.

Return on equity is 20.88%, debt-to-equity is 0.89, and the dividend yield is negligible. Promoters hold 76.62%, foreign institutions 3.82% and domestic institutions 7.05% as of September 2026. Domestic institutional holding has risen from 4.80% to 7.05% 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 920 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Aarti Industries	13.8%	26.7%	Jun 2026	40.6%	260.5%
HDFC Bank	5.2%	7.9%	Sep 2026	9.1%	5.8%
JSW Energy	57.3%	39.3%	Sep 2026	24.2%	38.4%
Metro Brands	14.1%	17.3%	Sep 2026	10.9%	12.0%
PN Gadgil Jewellers	40.2%	87.8%	Jun 2026	40.3%	51.9%

Factors That Move Under Rs 920 Stocks to Buy

Four factors tend to drive under Rs 920 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Chemicals, banking, power, footwear and jewellery differ.
• Dividends: HDFC Bank yields about 2.3%.
• Valuation: P/E runs from about 13 to 53.

Risks to Keep in Mind Before Buying Under Rs 920 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 Metro Brands trades at a P/E near 53 while HDFC Bank trades near 13, and JSW Energy carries the highest borrowings of the four non-bank companies. Check results every quarter.

On the numbers, Metro Brands trades at the highest P/E on this list at 53.23, so its earnings need to keep growing to support the price. Under Rs 920 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 920 Stocks to Buy

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

How to Invest in Under Rs 920 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, PN Gadgil Jewellers has the highest return on equity at 20.88%, and PN Gadgil Jewellers posted the fastest net profit growth in its latest full year at 87.8%. Among the best under Rs 920 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 920 stocks to buy.

Frequently Asked Questions on Under Rs 920 Stocks to Buy

Which are the best under Rs 920 stocks to buy in November 2026?

Ans. The five under Rs 920 stocks on the November 2026 watchlist are Aarti Industries, HDFC Bank, JSW Energy, Metro Brands and PN Gadgil Jewellers. HDFC Bank has the lowest P/E at 12.65, PN Gadgil Jewellers has the highest ROE at 20.88%, and PN Gadgil Jewellers grew net profit 87.8% 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 920 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 920 stocks expensive right now?

Ans. Valuations vary across the group. Aarti Industries trades at a P/E of 29.87, HDFC Bank trades at a P/E of 12.65, JSW Energy trades at a P/E of 33.69, Metro Brands trades at a P/E of 53.23, PN Gadgil Jewellers trades at a P/E of 18.92, against industry multiples ranging from 11.43 to 44.29. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 920 stocks pay a dividend?

Ans. Dividend yields on this list are Aarti Industries 0.23%, HDFC Bank 2.25%, JSW Energy 0.38%, 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. PN Gadgil Jewellers has the highest ROE on this list at 20.88%, followed by Metro Brands at 19.82% and HDFC Bank at 13.27%. 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 920 stocks?

Ans. The main risks are mid-range prices that say little about value, gold price swings and borrowings at the power producer. On this list, Metro Brands trades at the highest P/E of 53.23, 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 920 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.