GST Rate Cut Stocks to Buy in November 2026: 5 Names on the Watchlist

Marico Rs 878.40. Dabur India Rs 381.65. UltraTech Cement Rs 11,700. Dixon Rs 12,270. TVS Motor Rs 4,303. NSE closing prices, 3 Nov 2026.

The GST rate cut stocks to buy in November 2026 start with five listed names: Marico, Dabur India, UltraTech Cement, Dixon Technologies and TVS Motor Company. GST rate cut stocks are companies in categories where GST rates were lowered from 22 September 2025, such as two-wheelers, cement, televisions and air conditioners, and personal care items like hair oil, shampoo and toothpaste.

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 GST rate cut stocks to buy to a portfolio. All prices are NSE closing prices of 3 November 2026, and financials come from company filings.

Click Here – Get Free Investment Predictions

Which Are the Best GST Rate Cut Stocks to Buy in November 2026?

The best GST rate cut stocks to buy in November 2026 for a watchlist are Marico, Dabur India, UltraTech Cement, Dixon Technologies and TVS Motor Company. 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
Marico	878.40	Rs 1,00,434 crore	51.46	41.85%	0.52%
Dabur India	381.65	Rs 64,040 crore	32.91	16.59%	2.28%
UltraTech Cement	11,700	Rs 3,30,465 crore	37.41	11.96%	2.14%
Dixon Technologies	12,270	Rs 69,496 crore	33.38	30.76%	0.09%
TVS Motor Company	4,303	Rs 2,01,389 crore	50.50	31.56%	0.28%

On valuation, Dixon Technologies trades below the industry P/E; Dabur India sits close to it; Marico, UltraTech Cement and TVS Motor Company carry a premium. Valuation is the first filter for any GST rate cut stocks to buy list, and it is covered again in the risk section.

Why These GST Rate Cut Stocks to Buy Are in Focus

The GST revamp moved most goods to two main slabs of 5% and 18%, with a 40% slab for select items. Lower tax on these categories can make products more affordable, which may support volumes over time. The list covers a hair oil and edible oil brand owner, an ayurveda and personal care company, India’s largest cement company by capacity, an electronics manufacturer making televisions and appliances for brands and a two-wheeler maker. Investors comparing the best GST rate cut stocks in India usually check whether lower prices have turned into higher volumes and stable margins in company results.

Marico: The Coconut Oil and Edible Oil Brand Owner Among GST Rate Cut Stocks to Buy

Marico is the maker of Parachute coconut oil, Saffola and Set Wet. The stock trades at Rs 878.40 with a market capitalisation of Rs 1,00,434 crore and a P/E of 51.46, against an industry P/E of 33.02.

FY26 revenue rose 25.1% to Rs 13,815 crore and net profit rose 9.3% to Rs 1,813 crore. In the June 2026 quarter, revenue grew 22.2% year on year to Rs 4,005 crore, while net profit grew 27.1% to Rs 652 crore.

Return on equity is 41.85%, debt-to-equity is 0.13, and the dividend yield is 0.52%. Promoters hold 58.83%, foreign institutions 22.26% and domestic institutions 13.73% as of September 2026. Domestic institutional holding has risen from 11.99% to 13.73% over the last year.

Dabur India: The Ayurveda-Led Name Among GST Rate Cut Stocks to Buy

Dabur India is an ayurveda and natural products company behind Dabur Chyawanprash, Real juices and Vatika. At Rs 381.65, the stock has a market capitalisation of Rs 64,040 crore and trades at 32.91 times earnings, while the industry P/E is 33.02.

Reported numbers show FY26 revenue of Rs 13,792 crore, up 5.2% year on year, with net profit at Rs 1,869 crore, up 7.4%. The June 2026 quarter added revenue of Rs 3,937 crore (up 10.9%) and net profit of Rs 586 crore (up 15.3%).

Return on equity is 16.59%, debt-to-equity is 0.11, and the dividend yield is 2.28%. Promoters hold 66.25%, foreign institutions 9.61% and domestic institutions 18.35% as of September 2026.

Check GST Rate Cut Stocks Live on the Univest Screener

UltraTech Cement: The Capacity Leader Among GST Rate Cut Stocks to Buy

UltraTech Cement is India’s largest cement company by capacity, with a pan-India plant network. Its market capitalisation is Rs 3,30,465 crore, the share price is Rs 11,700 and the P/E of 37.41 compares with an industry P/E of 30.93.

Over FY26, net profit rose 35.6% to Rs 8,188 crore on revenue of Rs 89,089 crore, which was up 16.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 23,406 crore, up 18.3% year on year, and net profit of Rs 1,501 crore, up 21.3%.

Return on equity is 11.96%, debt-to-equity is 0.40, and the dividend yield is 2.14%. Promoters hold 58.48%, foreign institutions 12.69% and domestic institutions 20.86% as of September 2026. Domestic institutional holding has risen from 16.65% to 20.86% over the last year.

Dixon Technologies: The Electronics Manufacturing Leader Among GST Rate Cut Stocks to Buy

Dixon Technologies is India’s largest electronics manufacturing services company, making televisions, phones and home appliances for brands. The stock trades at Rs 12,270 with a market capitalisation of Rs 69,496 crore and a P/E of 33.38, against an industry P/E of 41.86.

FY26 revenue rose 27.5% to Rs 49,586 crore and net profit rose 33.4% to Rs 1,644 crore. In the June 2026 quarter, revenue grew 25.2% year on year to Rs 16,076 crore, while net profit grew 156.3% to Rs 718 crore.

Return on equity is 30.76%, debt-to-equity is 0.21, and the dividend yield is 0.09%. Promoters hold 28.50%, foreign institutions 18.96% and domestic institutions 28.71% as of September 2026.

TVS Motor Company: The Fast-Growing Two-Wheeler Name Among GST Rate Cut Stocks to Buy

TVS Motor Company is a two-wheeler and three-wheeler maker with a growing export and electric vehicle portfolio. At Rs 4,303, the stock has a market capitalisation of Rs 2,01,389 crore and trades at 50.50 times earnings, while the industry P/E is 23.63.

Reported numbers show FY26 revenue of Rs 56,092 crore, up 27.0% year on year, with net profit at Rs 3,186 crore, up 35.6%. The September 2026 quarter added revenue of Rs 19,572 crore (up 39.4%) and net profit of Rs 1,219 crore (up 46.4%).

Return on equity is 31.56%, debt-to-equity is 3.43, and the dividend yield is 0.28%. Promoters hold 50.27%, foreign institutions 21.39% and domestic institutions 20.29% as of September 2026. Domestic institutional holding has risen from 18.35% to 20.29% over the last year. A point to keep in view: debt is higher than most names on this list.

Download the Univest iOS App or Univest Android App to track these GST rate cut stocks live and get daily stock recommendations.

Growth Snapshot: Latest Full Year and Latest Quarter

The table compares year-on-year growth in revenue and net profit for all five GST rate cut stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Marico	25.1%	9.3%	Jun 2026	22.2%	27.1%
Dabur India	5.2%	7.4%	Jun 2026	10.9%	15.3%
UltraTech Cement	16.2%	35.6%	Sep 2026	18.3%	21.3%
Dixon Technologies	27.5%	33.4%	Jun 2026	25.2%	156.3%
TVS Motor Company	27.0%	35.6%	Sep 2026	39.4%	46.4%

Factors That Move GST Rate Cut Stocks to Buy

Four factors tend to drive GST rate cut stocks, and each one is worth checking before a purchase.

• Affordability: Lower tax can lower shelf prices.
• Volume response: Check whether sales have risen after the change.
• Margins: Companies may pass on or retain part of the cut.
• Valuation: Demand gains may already be in the price.

Risks to Keep in Mind Before Buying GST Rate Cut Stocks

The first risk is that the demand boost from lower rates may already be reflected in prices. The second is that each company reacts differently, since some pass the full benefit to buyers while others protect margins. Confirm the effect in company results.

On the numbers, Marico trades at the highest P/E on this list at 51.46, so its earnings need to keep growing to support the price. GST Rate Cut 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 GST Rate Cut Stocks to Buy

• Check volume growth: Sales should reflect better demand.
• Review margins: Profit should hold up after the change.
• Study category exposure: Know which products got the cut.
• Compare valuations: Look at P/E against the industry.

How to Invest in GST Rate Cut 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

Dabur India offers the lowest P/E on this list at 32.91, Marico has the highest return on equity at 41.85%, and UltraTech Cement posted the fastest net profit growth in its latest full year at 35.6%. Among the best GST rate cut 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 GST rate cut stocks to buy.

Frequently Asked Questions on GST Rate Cut Stocks to Buy

Which are the best GST rate cut stocks to buy in November 2026?

Ans. The five GST rate cut stocks on the November 2026 watchlist are Marico, Dabur India, UltraTech Cement, Dixon Technologies and TVS Motor Company. Dabur India has the lowest P/E at 32.91, Marico has the highest ROE at 41.85%, and UltraTech Cement grew net profit 35.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is UltraTech Cement a good stock to buy from this GST Rate Cut list?

Ans. UltraTech Cement is the largest company on this list with a market capitalisation of Rs 3,30,465 crore and a P/E of 37.41 against an industry P/E of 30.93. Its FY26 revenue rose 16.2% and net profit rose 35.6%, with return on equity at 11.96%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are these GST rate cut stocks expensive right now?

Ans. Valuations vary across the group. Marico trades at a P/E of 51.46, Dabur India trades at a P/E of 32.91, UltraTech Cement trades at a P/E of 37.41, Dixon Technologies trades at a P/E of 33.38, TVS Motor Company trades at a P/E of 50.50, against industry multiples ranging from 23.63 to 41.86. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these GST rate cut stocks pay a dividend?

Ans. Dividend yields on this list are Marico 0.52%, Dabur India 2.28%, UltraTech Cement 2.14%, Dixon Technologies 0.09%, TVS Motor Company 0.28%. 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. Marico has the highest ROE on this list at 41.85%, followed by TVS Motor Company at 31.56% and Dixon Technologies at 30.76%. 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 GST rate cut stocks?

Ans. The main risks are demand gains that are already priced in, uneven pass-through of the tax cut and category-specific cycles. On this list, Marico trades at the highest P/E of 51.46, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in GST rate cut 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.