Under Rs 720 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 11, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Elgi Equipments Rs 553.90. Hindustan Zinc Rs 575.95. JSW Energy Rs 523.15. PN Gadgil Jewellers Rs 612.00. Patanjali Foods Rs 429.45. NSE closing prices, 9 Nov 2026.
Quick Answer
Five under Rs 720 stocks to buy on the November 2026 watchlist are Elgi Equipments, Hindustan Zinc, JSW Energy, PN Gadgil Jewellers and Patanjali Foods. All five grew revenue in their latest full year, and all five also grew net profit. Hindustan Zinc has both the lowest P/E at 10.29 and the highest return on equity at 69.51%. Check each valuation against your own risk appetite before acting.
The under Rs 720 stocks to buy in November 2026 start with five listed names: Elgi Equipments, Hindustan Zinc, JSW Energy, PN Gadgil Jewellers and Patanjali Foods. Stocks under Rs 720 include an air compressor maker, a zinc producer, a power producer, a jewellery retailer and a packaged foods company, priced from about Rs 429 to Rs 612. Hindustan Zinc is part of the Nifty Metal index.
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 720 stocks to buy to a portfolio. All prices are NSE closing prices of 9 November 2026, and financials come from company filings.
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Which Are the Best Under Rs 720 Stocks to Buy in November 2026?
The best under Rs 720 stocks to buy in November 2026 for a watchlist are Elgi Equipments, Hindustan Zinc, JSW Energy, PN Gadgil Jewellers and Patanjali Foods. 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 |
|---|---|---|---|---|---|
| Elgi Equipments | 553.90 | Rs 16,281 crore | 36.36 | 19.28% | 0.53% |
| Hindustan Zinc | 575.95 | Rs 2,14,435 crore | 10.29 | 69.51% | 1.97% |
| JSW Energy | 523.15 | Rs 93,508 crore | 33.69 | 6.32% | 0.38% |
| PN Gadgil Jewellers | 612.00 | Rs 8,434 crore | 18.92 | 20.88% | 0.00% |
| Patanjali Foods | 429.45 | Rs 40,554 crore | 20.59 | 15.37% | 1.01% |
On valuation, Elgi Equipments, PN Gadgil Jewellers and Patanjali Foods trade below the industry P/E; Hindustan Zinc sits close to it; JSW Energy carries a premium. Valuation is the first filter for any under Rs 720 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 720 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 air and gas compressors, India’s largest zinc producer, a power generation company, a regional jewellery retailer and a packaged foods and edible oil company, all of which closed below Rs 720 on the NSE on 9 November. Investors searching for the best stocks under Rs 720 in India should check earnings, valuation and debt.
Elgi Equipments: The Air Compressor Specialist Among Under Rs 720 Stocks to Buy
Elgi Equipments is an air compressor maker with a large international business. At Rs 553.90, the stock has a market capitalisation of Rs 16,281 crore and trades at 36.36 times earnings, while the industry P/E is 42.61.
Reported numbers show FY26 revenue of Rs 4,068 crore, up 14.0% year on year, with net profit at Rs 430 crore, up 22.8%. The June 2026 quarter added revenue of Rs 1,083 crore (up 22.1%) and net profit of Rs 103 crore (up 20.7%).
Return on equity is 19.28%, debt-to-equity is 0.24, and the dividend yield is 0.53%. Promoters hold 31.19%, foreign institutions 20.20% and domestic institutions 11.47% as of September 2026. Domestic institutional holding has risen from 6.25% to 11.47% over the last year.
Hindustan Zinc: The Zinc Producer Among Under Rs 720 Stocks to Buy
Hindustan Zinc is one of the world’s largest integrated zinc producers, majority-owned by Vedanta. Its market capitalisation is Rs 2,14,435 crore, the share price is Rs 575.95 and the P/E of 10.29 compares with an industry P/E of 10.98.
Over FY26, net profit rose 33.6% to Rs 13,832 crore on revenue of Rs 41,934 crore, which was up 19.6%. The latest quarter, the September 2026 quarter, brought revenue of Rs 15,467 crore, up 76.0% year on year, and net profit of Rs 6,412 crore, up 142.1%.
Return on equity is 69.51%, debt-to-equity is 0.22, and the dividend yield is 1.97%. Promoters hold 60.71%, foreign institutions 2.36% and domestic institutions 4.85% as of September 2026. Foreign institutional holding has risen from 1.31% to 2.36% over the last year.
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JSW Energy: The Growing Power Producer Among Under Rs 720 Stocks to Buy
JSW Energy is a power producer building thermal, hydro and renewable capacity. The stock trades at Rs 523.15 with a market capitalisation of Rs 93,508 crore and a P/E of 33.69, against an industry P/E of 19.93.
FY26 revenue rose 57.3% to Rs 19,878 crore and net profit rose 39.3% to Rs 2,762 crore. In the September 2026 quarter, revenue grew 24.2% year on year to Rs 6,658 crore, while net profit grew 38.4% to Rs 1,141 crore.
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%.
PN Gadgil Jewellers: The Maharashtra Retailer Among Under Rs 720 Stocks to Buy
PN Gadgil Jewellers is a Pune-based jewellery retailer with a large store network in Maharashtra. At Rs 612.00, the stock has a market capitalisation of Rs 8,434 crore and trades at 18.92 times earnings, while the industry P/E is 44.29.
Reported numbers show FY26 revenue of Rs 10,827 crore, up 40.2% year on year, with net profit at Rs 410 crore, up 87.8%. The June 2026 quarter added revenue of Rs 2,423 crore (up 40.3%) and net profit of Rs 105 crore (up 51.9%).
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. A point to keep in view: debt is higher than most names on this list.
Patanjali Foods: The Agri-Processing Name Among Under Rs 720 Stocks to Buy
Patanjali Foods is a food and FMCG company that processes edible oils and farm commodities such as palm, soybean and sunflower, alongside a packaged foods range. Its market capitalisation is Rs 40,554 crore, the share price is Rs 429.45 and the P/E of 20.59 compares with an industry P/E of 33.02.
Over FY26, net profit rose 39.5% to Rs 1,814 crore on revenue of Rs 40,348 crore, which was up 19.1%. The latest quarter, the June 2026 quarter, brought revenue of Rs 11,342 crore, up 29.2% year on year, and net profit of Rs 336 crore, up 86.1%.
Return on equity is 15.37%, debt-to-equity is 0.21, and the dividend yield is 1.01%. Promoters hold 68.25%, foreign institutions 7.24% and domestic institutions 12.51% 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 720 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Elgi Equipments | 14.0% | 22.8% | Jun 2026 | 22.1% | 20.7% |
| Hindustan Zinc | 19.6% | 33.6% | Sep 2026 | 76.0% | 142.1% |
| JSW Energy | 57.3% | 39.3% | Sep 2026 | 24.2% | 38.4% |
| PN Gadgil Jewellers | 40.2% | 87.8% | Jun 2026 | 40.3% | 51.9% |
| Patanjali Foods | 19.1% | 39.5% | Jun 2026 | 29.2% | 86.1% |
Factors That Move Under Rs 720 Stocks to Buy
Four factors tend to drive under Rs 720 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Machinery, zinc, power, jewellery and foods differ.
- Dividends: Hindustan Zinc yields about 2.0%.
- Valuation: P/E runs from about 10 to 36.
Risks to Keep in Mind Before Buying Under Rs 720 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 JSW Energy carries the highest borrowings of the five as it adds power capacity, while zinc earnings follow metal prices. Check results every quarter.
On the numbers, Elgi Equipments trades at the highest P/E on this list at 36.36, so its earnings need to keep growing to support the price. Under Rs 720 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 720 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Hindustan Zinc trades lowest.
- Read ROE: Hindustan Zinc leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 720 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
Hindustan Zinc offers both the lowest P/E on this list at 10.29 and the highest return on equity at 69.51%, and PN Gadgil Jewellers posted the fastest net profit growth in its latest full year at 87.8%. Among the best under Rs 720 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 720 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 720 Stocks to Buy
Which are the best under Rs 720 stocks to buy in November 2026?
Ans. The five under Rs 720 stocks on the November 2026 watchlist are Elgi Equipments, Hindustan Zinc, JSW Energy, PN Gadgil Jewellers and Patanjali Foods. Hindustan Zinc has both the lowest P/E at 10.29 and the highest ROE at 69.51%, 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 Hindustan Zinc a good stock to buy from this Under Rs 720 list?
Ans. Hindustan Zinc is the largest company on this list with a market capitalisation of Rs 2,14,435 crore and a P/E of 10.29 against an industry P/E of 10.98. Its FY26 revenue rose 19.6% and net profit rose 33.6%, with return on equity at 69.51%. 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 720 stocks expensive right now?
Ans. Valuations vary across the group. Elgi Equipments trades at a P/E of 36.36, Hindustan Zinc trades at a P/E of 10.29, JSW Energy trades at a P/E of 33.69, PN Gadgil Jewellers trades at a P/E of 18.92, Patanjali Foods trades at a P/E of 20.59, against industry multiples ranging from 10.98 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 720 stocks pay a dividend?
Ans. Dividend yields on this list are Elgi Equipments 0.53%, Hindustan Zinc 1.97%, JSW Energy 0.38%, Patanjali Foods 1.01%. 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. Hindustan Zinc has the highest ROE on this list at 69.51%, followed by PN Gadgil Jewellers at 20.88% and Elgi Equipments at 19.28%. 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 720 stocks?
Ans. The main risks are mid-range prices that say little about value, zinc price swings and borrowings at the power producer. On this list, Elgi Equipments trades at the highest P/E of 36.36, 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 720 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.
