Hello aspirant,
With an AIR of 1,20,525 and an SC category rank of 4,832, you have a decent chance of getting an MBBS seat under the SC quota, especially through state quota counselling. In many states, SC cutoffs for government MBBS colleges go up to ranks between 1.1 to 1.3 lakh, depending on the competition and number of seats.

Chances are better in your home state, especially if you are from states like Rajasthan, Madhya Pradesh, Bihar, Chhattisgarh, or Odisha, where SC cutoffs tend to be relatively more favorable. Participate actively in both AIQ and state counselling, and keep options open for MBBS in deemed or private colleges with SC quota as a backup.