Under Rs 1600 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 5, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Syrma SGS Rs 1,513. Astral Rs 1,424. Gravita India Rs 1,475. Global Health Rs 1,402. Bombay Burmah Rs 1,274. NSE closing prices, 4 Nov 2026.
Quick Answer
Five under Rs 1600 stocks to buy on the November 2026 watchlist are Syrma SGS Technology, Astral, Gravita India, Global Health and Bombay Burmah Trading Corporation. All five grew revenue in their latest full year, and all five also grew net profit. Bombay Burmah Trading Corporation has both the lowest P/E at 3.19 and the highest return on equity at 17.65%. Check each valuation against your own risk appetite before acting.
The under Rs 1600 stocks to buy in November 2026 start with five listed names: Syrma SGS Technology, Astral, Gravita India, Global Health and Bombay Burmah Trading Corporation. Stocks under Rs 1,600 include an electronics manufacturer, a pipes maker, a metal recycler, a hospital operator and a plantation and healthcare group, priced from about Rs 1,274 to Rs 1,513.
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 1600 stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 1600 Stocks to Buy in November 2026?
The best under Rs 1600 stocks to buy in November 2026 for a watchlist are Syrma SGS Technology, Astral, Gravita India, Global Health and Bombay Burmah Trading Corporation. 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 |
|---|---|---|---|---|---|
| Syrma SGS Technology | 1,513 | Rs 30,193 crore | 75.17 | 11.10% | 0.10% |
| Astral | 1,424 | Rs 36,614 crore | 63.60 | 13.18% | 0.18% |
| Gravita India | 1,475 | Rs 10,440 crore | 26.25 | 15.05% | 0.45% |
| Global Health | 1,402 | Rs 34,933 crore | 63.25 | 14.05% | 0.04% |
| Bombay Burmah Trading Corporation | 1,274 | Rs 8,236 crore | 3.19 | 17.65% | 1.44% |
On valuation, Bombay Burmah Trading Corporation trades below the industry P/E; Syrma SGS Technology and Global Health sit close to it; Astral and Gravita India carry a premium. Valuation is the first filter for any under Rs 1600 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 1600 Stocks to Buy Are in Focus
Shares between Rs 1,250 and Rs 1,550 cover industrial, healthcare and electronics businesses. The list covers an electronics manufacturing services company, a pipes and fittings maker, a metal recycler, the company behind Medanta hospitals and a diversified plantation and healthcare group. Investors searching for the best stocks under Rs 1,600 in India should check earnings, valuation and debt.
Syrma SGS Technology: The Diversified EMS Name Among Under Rs 1600 Stocks to Buy
Syrma SGS Technology is an electronics manufacturing services company serving industrial, automotive and healthcare customers. The stock trades at Rs 1,513 with a market capitalisation of Rs 30,193 crore and a P/E of 75.17, against an industry P/E of 72.49.
FY26 revenue rose 26.6% to Rs 4,857 crore and net profit rose 87.5% to Rs 346 crore. In the June 2026 quarter, revenue grew 67.0% year on year to Rs 1,604 crore, while net profit grew 111.7% to Rs 106 crore.
Return on equity is 11.10%, debt-to-equity is 0.14, and the dividend yield is 0.10%. Promoters hold 41.63%, foreign institutions 9.51% and domestic institutions 13.54% as of September 2026. Foreign institutional holding has risen from 7.02% to 9.51% over the last year. A point to keep in view: at a P/E of 75.17, expectations are already high.
Astral: The Pipes and Fittings Leader Among Under Rs 1600 Stocks to Buy
Astral is a pipes and fittings maker with a growing adhesives and paints business. At Rs 1,424, the stock has a market capitalisation of Rs 36,614 crore and trades at 63.60 times earnings, while the industry P/E is 33.18.
Reported numbers show FY26 revenue of Rs 6,616 crore, up 12.6% year on year, with net profit at Rs 535 crore, up 3.0%. The June 2026 quarter added revenue of Rs 1,591 crore (up 16.1%) and net profit of Rs 120 crore (up 51.8%).
Return on equity is 13.18%, debt-to-equity is 0.06, and the dividend yield is 0.18%. Promoters hold 54.22%, foreign institutions 11.09% and domestic institutions 22.62% as of September 2026. Domestic institutional holding has risen from 17.79% to 22.62% over the last year. A point to keep in view: at a P/E of 63.60, expectations are already high.
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Gravita India: The Metal Recycler Among Under Rs 1600 Stocks to Buy
Gravita India is a metal recycler that makes lead, aluminium and plastic products from scrap. Its market capitalisation is Rs 10,440 crore, the share price is Rs 1,475 and the P/E of 26.25 compares with an industry P/E of 9.96.
Over FY26, net profit rose 20.9% to Rs 378 crore on revenue of Rs 4,342 crore, which was up 9.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,445 crore, up 36.1% year on year, and net profit of Rs 102 crore, up 6.3%.
Return on equity is 15.05%, debt-to-equity is 0.33, and the dividend yield is 0.45%. Promoters hold 55.88%, foreign institutions 11.78% and domestic institutions 4.90% as of September 2026.
Global Health: The Medanta Operator Among Under Rs 1600 Stocks to Buy
Global Health is the company behind Medanta hospitals, with large multi-speciality hospitals in north India. The stock trades at Rs 1,402 with a market capitalisation of Rs 34,933 crore and a P/E of 63.25, against an industry P/E of 61.50.
FY26 revenue rose 19.6% to Rs 4,509 crore and net profit rose 15.1% to Rs 554 crore. In the June 2026 quarter, revenue grew 26.1% year on year to Rs 1,326 crore, while net profit eased 1.1% to Rs 157 crore.
Return on equity is 14.05%, debt-to-equity is 0.30, and the dividend yield is 0.04%. Promoters hold 33.00%, foreign institutions 9.91% and domestic institutions 17.01% as of September 2026. Domestic institutional holding has risen from 12.98% to 17.01% over the last year. A point to keep in view: at a P/E of 63.25, expectations are already high.
Bombay Burmah Trading Corporation: The Holding and Plantation Name Among Under Rs 1600 Stocks to Buy
Bombay Burmah Trading Corporation is a diversified company with plantation, healthcare and other businesses and holdings in other listed companies. At Rs 1,274, the stock has a market capitalisation of Rs 8,236 crore and trades at 3.19 times earnings, while the industry P/E is 36.13.
Reported numbers show FY26 revenue of Rs 19,853 crore, up 6.9% year on year, with net profit at Rs 2,499 crore, up 13.6%. The June 2026 quarter added revenue of Rs 5,157 crore (up 7.8%) and net profit of Rs 583 crore (up 17.1%).
Return on equity is 17.65%, debt-to-equity is 0.23, and the dividend yield is 1.44%. Promoters hold 74.05%, foreign institutions 9.61% and domestic institutions 0.76% 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 1600 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Syrma SGS Technology | 26.6% | 87.5% | Jun 2026 | 67.0% | 111.7% |
| Astral | 12.6% | 3.0% | Jun 2026 | 16.1% | 51.8% |
| Gravita India | 9.1% | 20.9% | Sep 2026 | 36.1% | 6.3% |
| Global Health | 19.6% | 15.1% | Jun 2026 | 26.1% | -1.1% |
| Bombay Burmah Trading Corporation | 6.9% | 13.6% | Jun 2026 | 7.8% | 17.1% |
Factors That Move Under Rs 1600 Stocks to Buy
Four factors tend to drive under Rs 1600 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Electronics, pipes, recycling, hospitals and plantations differ.
- Valuation: Several trade at high multiples.
- Demand link: Pipes follow housing and farm demand.
Risks to Keep in Mind Before Buying Under Rs 1600 Stocks
The first risk is valuation, since the electronics manufacturer, the pipes maker and the hospital operator trade at high multiples. The second is that recycling earnings follow metal prices. Check results every quarter.
On the numbers, Syrma SGS Technology trades at the highest P/E on this list at 75.17, so its earnings need to keep growing to support the price. Under Rs 1600 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 1600 Stocks to Buy
- Check growth: Look at revenue and profit trends.
- Review P/E: One name trades very low.
- Study ROE: Returns differ across sectors.
- Diversify: Spread across the five businesses.
How to Invest in Under Rs 1600 Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Bombay Burmah Trading Corporation offers both the lowest P/E on this list at 3.19 and the highest return on equity at 17.65%, and Syrma SGS Technology posted the fastest net profit growth in its latest full year at 87.5%. Among the best under Rs 1600 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 1600 stocks to buy.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Under Rs 1600 Stocks to Buy
Which are the best under Rs 1600 stocks to buy in November 2026?
Ans. The five under Rs 1600 stocks on the November 2026 watchlist are Syrma SGS Technology, Astral, Gravita India, Global Health and Bombay Burmah Trading Corporation. Bombay Burmah Trading Corporation has both the lowest P/E at 3.19 and the highest ROE at 17.65%, and Syrma SGS Technology grew net profit 87.5% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Astral a good stock to buy from this Under Rs 1600 list?
Ans. Astral is the largest company on this list with a market capitalisation of Rs 36,614 crore and a P/E of 63.60 against an industry P/E of 33.18. Its FY26 revenue rose 12.6% and net profit rose 3.0%, with return on equity at 13.18%. 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 1600 stocks expensive right now?
Ans. Valuations vary across the group. Syrma SGS Technology trades at a P/E of 75.17, Astral trades at a P/E of 63.60, Gravita India trades at a P/E of 26.25, Global Health trades at a P/E of 63.25, Bombay Burmah Trading Corporation trades at a P/E of 3.19, against industry multiples ranging from 9.96 to 72.49. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 1600 stocks pay a dividend?
Ans. Dividend yields on this list are Syrma SGS Technology 0.10%, Astral 0.18%, Gravita India 0.45%, Global Health 0.04%, Bombay Burmah Trading Corporation 1.44%. 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. Bombay Burmah Trading Corporation has the highest ROE on this list at 17.65%, followed by Gravita India at 15.05% and Global Health at 14.05%. 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 1600 stocks?
Ans. The main risks are high valuations in some names, metal price swings and housing and farm demand cycles. On this list, Syrma SGS Technology trades at the highest P/E of 75.17, 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 1600 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.