Under Rs 170 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 12, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
CESC Rs 131.10. IREDA Rs 120.20. Paradeep Rs 143.91. RCF Rs 108.91. Vishal Mega Mart Rs 96.79. NSE closing prices, 11 Nov 2026.
Quick Answer
Five under Rs 170 stocks to buy on the November 2026 watchlist are CESC, IREDA, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers and Vishal Mega Mart. All five grew revenue in their latest full year, and all five also grew net profit. CESC has the lowest P/E at 10.41, while Paradeep Phosphates leads on return on equity at 14.69%. Check each valuation against your own risk appetite before acting.
The under Rs 170 stocks to buy in November 2026 start with five listed names: CESC, IREDA, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers and Vishal Mega Mart. Stocks under Rs 170 include a power utility, a renewable energy lender, two fertiliser makers and a retail chain, priced from about Rs 97 to Rs 144.
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 170 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 170 Stocks to Buy in November 2026?
The best under Rs 170 stocks to buy in November 2026 for a watchlist are CESC, IREDA, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers and Vishal Mega Mart. 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 |
|---|---|---|---|---|---|
| CESC | 131.10 | Rs 16,981 crore | 10.41 | 12.31% | 4.71% |
| IREDA | 120.20 | Rs 28,514 crore | 14.48 | 13.73% | 1.33% |
| Paradeep Phosphates | 143.91 | Rs 14,337 crore | 13.38 | 14.69% | 1.09% |
| Rashtriya Chemicals and Fertilizers | 108.91 | Rs 5,299 crore | 11.87 | 8.35% | 2.44% |
| Vishal Mega Mart | 96.79 | Rs 40,617 crore | 45.16 | 11.37% | 0.00% |
On valuation, CESC, IREDA, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers and Vishal Mega Mart trade below the industry P/E. Valuation is the first filter for any under Rs 170 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 170 Stocks to Buy Are in Focus
A low share price does not mean a stock is inexpensive, because value depends on earnings and the number of shares. The list covers a Kolkata power utility, a lender to renewable energy projects, two fertiliser makers and a value fashion retail chain, all of which closed below Rs 170 on the NSE on 11 November. Investors searching for the best stocks under Rs 170 in India should check earnings, valuation and debt.
CESC: The Kolkata Power Utility Among Under Rs 170 Stocks to Buy
CESC is a power utility with generation and distribution operations in Kolkata, part of the RP-Sanjiv Goenka Group. At Rs 131.10, the stock has a market capitalisation of Rs 16,981 crore and trades at 10.41 times earnings, while the industry P/E is 19.93.
Reported numbers show FY26 revenue of Rs 18,927 crore, up 8.9% year on year, with net profit at Rs 1,618 crore, up 13.2%. The June 2026 quarter added revenue of Rs 5,559 crore (up 5.2%) and net profit of Rs 419 crore (up 3.7%).
Return on equity is 12.31%, debt-to-equity is 1.73, and the dividend yield is 4.71%. Promoters hold 52.11%, foreign institutions 11.49% and domestic institutions 24.94% as of September 2026. A point to keep in view: debt is higher than most names on this list.
IREDA: The Green Energy Financier Among Under Rs 170 Stocks to Buy
IREDA is a government-owned lender to renewable energy projects. Its market capitalisation is Rs 28,514 crore, the share price is Rs 120.20 and the P/E of 14.48 compares with an industry P/E of 16.15.
Over FY26, net profit rose 10.3% to Rs 1,874 crore on revenue of Rs 8,339 crore, which was up 23.4%. The latest quarter, the September 2026 quarter, brought revenue of Rs 2,347 crore, up 14.0% year on year, and net profit of Rs 552 crore, up 0.5%.
Return on equity is 13.73%, and the dividend yield is 1.33%. Promoters hold 71.76%, foreign institutions 2.57% and domestic institutions 2.53% as of September 2026.
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Paradeep Phosphates: The Phosphate Fertiliser Producer Among Under Rs 170 Stocks to Buy
Paradeep Phosphates is a DAP and NPK fertiliser producer based in eastern India. The stock trades at Rs 143.91 with a market capitalisation of Rs 14,337 crore and a P/E of 13.38, against an industry P/E of 20.30.
FY26 revenue rose 28.4% to Rs 21,973 crore and net profit rose 50.5% to Rs 996 crore. In the June 2026 quarter, revenue grew 35.4% year on year to Rs 6,146 crore, while net profit grew 23.9% to Rs 393 crore.
Return on equity is 14.69%, debt-to-equity is 1.02, and the dividend yield is 1.09%. Promoters hold 57.85%, foreign institutions 4.79% and domestic institutions 20.26% as of September 2026. Domestic institutional holding has risen from 12.99% to 20.26% over the last year.
Rashtriya Chemicals and Fertilizers: The Government-Owned Fertiliser Maker Among Under Rs 170 Stocks to Buy
Rashtriya Chemicals and Fertilizers is a government-owned producer of urea and complex fertilisers. At Rs 108.91, the stock has a market capitalisation of Rs 5,299 crore and trades at 11.87 times earnings, while the industry P/E is 20.30.
Reported numbers show FY26 revenue of Rs 18,691 crore, up 9.3% year on year, with net profit at Rs 427 crore, up 76.3%. The June 2026 quarter added revenue of Rs 3,621 crore (up 6.2%) and net profit of Rs 73.5 crore (up 35.1%).
Return on equity is 8.35%, debt-to-equity is 0.81, and the dividend yield is 2.44%. Promoters hold 75.00%, foreign institutions 1.40% and domestic institutions 0.32% as of September 2026.
Vishal Mega Mart: The Value Retail Chain Among Under Rs 170 Stocks to Buy
Vishal Mega Mart is a value retail chain selling apparel, general merchandise and FMCG across small and mid-sized cities. Its market capitalisation is Rs 40,617 crore, the share price is Rs 96.79 and the P/E of 45.16 compares with an industry P/E of 60.81.
Over FY26, net profit rose 32.8% to Rs 839 crore on revenue of Rs 12,993 crore, which was up 20.6%. The latest quarter, the September 2026 quarter, brought revenue of Rs 3,437 crore, up 14.5% year on year, and net profit of Rs 158 crore, up 3.7%.
Return on equity is 11.37%, debt-to-equity is 0.27, and the dividend yield is negligible. Promoters hold 40.02%, foreign institutions 18.75% and domestic institutions 36.45% as of September 2026. Domestic institutional holding has risen from 25.42% to 36.45% 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 170 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| CESC | 8.9% | 13.2% | Jun 2026 | 5.2% | 3.7% |
| IREDA | 23.4% | 10.3% | Sep 2026 | 14.0% | 0.5% |
| Paradeep Phosphates | 28.4% | 50.5% | Jun 2026 | 35.4% | 23.9% |
| Rashtriya Chemicals and Fertilizers | 9.3% | 76.3% | Jun 2026 | 6.2% | 35.1% |
| Vishal Mega Mart | 20.6% | 32.8% | Sep 2026 | 14.5% | 3.7% |
Factors That Move Under Rs 170 Stocks to Buy
Four factors tend to drive under Rs 170 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Power, renewable finance, fertilisers and retail differ.
- Dividends: CESC yields about 4.7%.
- Valuation: P/E runs from about 10 to 45.
Risks to Keep in Mind Before Buying Under Rs 170 Stocks
The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that Vishal Mega Mart trades at a P/E near 45 while CESC trades near 10, and IREDA carries the highest borrowings of the five as a lender. Check results every quarter.
On the numbers, Vishal Mega Mart trades at the highest P/E on this list at 45.16, so its earnings need to keep growing to support the price. Under Rs 170 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 170 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: CESC trades lowest.
- Read dividends: CESC yields the most.
- Diversify: Spread across the four sectors.
How to Invest in Under Rs 170 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
CESC offers the lowest P/E on this list at 10.41, Paradeep Phosphates has the highest return on equity at 14.69%, and Rashtriya Chemicals and Fertilizers posted the fastest net profit growth in its latest full year at 76.3%. Among the best under Rs 170 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 170 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 170 Stocks to Buy
Which are the best under Rs 170 stocks to buy in November 2026?
Ans. The five under Rs 170 stocks on the November 2026 watchlist are CESC, IREDA, Paradeep Phosphates, Rashtriya Chemicals and Fertilizers and Vishal Mega Mart. CESC has the lowest P/E at 10.41, Paradeep Phosphates has the highest ROE at 14.69%, and Rashtriya Chemicals and Fertilizers grew net profit 76.3% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Vishal Mega Mart a good stock to buy from this Under Rs 170 list?
Ans. Vishal Mega Mart is the largest company on this list with a market capitalisation of Rs 40,617 crore and a P/E of 45.16 against an industry P/E of 60.81. Its FY26 revenue rose 20.6% and net profit rose 32.8%, with return on equity at 11.37%. 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 170 stocks expensive right now?
Ans. Valuations vary across the group. CESC trades at a P/E of 10.41, IREDA trades at a P/E of 14.48, Paradeep Phosphates trades at a P/E of 13.38, Rashtriya Chemicals and Fertilizers trades at a P/E of 11.87, Vishal Mega Mart trades at a P/E of 45.16, against industry multiples ranging from 16.15 to 60.81. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 170 stocks pay a dividend?
Ans. Dividend yields on this list are CESC 4.71%, IREDA 1.33%, Paradeep Phosphates 1.09%, Rashtriya Chemicals and Fertilizers 2.44%. 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. Paradeep Phosphates has the highest ROE on this list at 14.69%, followed by IREDA at 13.73% and CESC at 12.31%. 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 170 stocks?
Ans. The main risks are low prices that say little about value, subsidy timing for fertilisers and borrowings at the renewable lender. On this list, Vishal Mega Mart trades at the highest P/E of 45.16, 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 170 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.