Under Rs 240 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 12, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Pipavav Rs 166.83. ITC Hotels Rs 173.19. Juniper Hotels Rs 207.50. SAIL Rs 175.48. Time Techno Rs 196.67. NSE closing prices, 11 Nov 2026.
Quick Answer
Five under Rs 240 stocks to buy on the November 2026 watchlist are Gujarat Pipavav Port, ITC Hotels, Juniper Hotels, Steel Authority of India and Time Technoplast. All five grew revenue in their latest full year, and all five also grew net profit. Steel Authority of India has the lowest P/E at 11.88, while Gujarat Pipavav Port leads on return on equity at 21.57%. Check each valuation against your own risk appetite before acting.
The under Rs 240 stocks to buy in November 2026 start with five listed names: Gujarat Pipavav Port, ITC Hotels, Juniper Hotels, Steel Authority of India and Time Technoplast. Stocks under Rs 240 include a port operator, two hotel companies, a steel producer and a plastic products maker, priced from about Rs 167 to Rs 208. Steel Authority of India 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 240 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 240 Stocks to Buy in November 2026?
The best under Rs 240 stocks to buy in November 2026 for a watchlist are Gujarat Pipavav Port, ITC Hotels, Juniper Hotels, Steel Authority of India and Time Technoplast. 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 |
|---|---|---|---|---|---|
| Gujarat Pipavav Port | 166.83 | Rs 7,853 crore | 14.05 | 21.57% | 6.40% |
| ITC Hotels | 173.19 | Rs 34,414 crore | 36.63 | 7.94% | 0.61% |
| Juniper Hotels | 207.50 | Rs 4,366 crore | 26.34 | 6.05% | 0.00% |
| Steel Authority of India | 175.48 | Rs 66,584 crore | 11.88 | 8.96% | 1.46% |
| Time Technoplast | 196.67 | Rs 8,031 crore | 16.12 | 11.46% | 0.92% |
On valuation, Gujarat Pipavav Port, Juniper Hotels, Steel Authority of India and Time Technoplast trade below the industry P/E; ITC Hotels sits close to it. Valuation is the first filter for any under Rs 240 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 240 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 port operator on the Gujarat coast, the hotel arm of ITC, a hotel owner in north India, a large state-owned steel producer and a maker of moulded plastic and packaging products, all of which closed below Rs 240 on the NSE on 11 November. Investors searching for the best stocks under Rs 240 in India should check earnings, valuation and debt.
Gujarat Pipavav Port: The Container Port Operator Among Under Rs 240 Stocks to Buy
Gujarat Pipavav Port is a port operator at Pipavav in Gujarat handling containers and bulk cargo. Its market capitalisation is Rs 7,853 crore, the share price is Rs 166.83 and the P/E of 14.05 compares with an industry P/E of 30.60.
Over FY26, net profit rose 29.8% to Rs 515 crore on revenue of Rs 1,232 crore, which was up 15.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 347 crore, up 28.0% year on year, and net profit of Rs 148 crore, up 41.8%.
Return on equity is 21.57%, debt-to-equity is 0.02, and the dividend yield is 6.40%. Promoters hold 44.01%, foreign institutions 23.23% and domestic institutions 13.09% as of September 2026. Foreign institutional holding has risen from 19.82% to 23.23% over the last year.
ITC Hotels: The ITC Hotels Chain Among Under Rs 240 Stocks to Buy
ITC Hotels is the hotel arm of ITC, with premium brands such as ITC Hotels and Welcomhotel. The stock trades at Rs 173.19 with a market capitalisation of Rs 34,414 crore and a P/E of 36.63, against an industry P/E of 37.68.
FY26 revenue rose 19.4% to Rs 4,331 crore and net profit rose 28.8% to Rs 821 crore. In the September 2026 quarter, revenue grew 25.0% year on year to Rs 1,106 crore, while net profit grew 52.0% to Rs 203 crore.
Return on equity is 7.94%, debt-to-equity is 0.01, and the dividend yield is 0.61%. Promoters hold 39.85%, foreign institutions 11.63% and domestic institutions 17.88% as of September 2026. A point to keep in view: return on equity is a modest 7.94%.
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Juniper Hotels: The Luxury Hotel Owner Among Under Rs 240 Stocks to Buy
Juniper Hotels is a luxury hotel owner with Hyatt-branded properties across India. At Rs 207.50, the stock has a market capitalisation of Rs 4,366 crore and trades at 26.34 times earnings, while the industry P/E is 37.59.
Reported numbers show FY26 revenue of Rs 1,069 crore, up 9.6% year on year, with net profit at Rs 142 crore, up 98.6%. The June 2026 quarter added revenue of Rs 252 crore (up 11.0%) and net profit of Rs 33.3 crore (up 269.6%).
Return on equity is 6.05%, debt-to-equity is 0.42, and the dividend yield is negligible. Promoters hold 77.53%, foreign institutions 4.64% and domestic institutions 10.63% as of September 2026. A point to keep in view: return on equity is a modest 6.05%.
Steel Authority of India: The Public Sector Steelmaker Among Under Rs 240 Stocks to Buy
Steel Authority of India is a government-owned integrated steel producer. Its market capitalisation is Rs 66,584 crore, the share price is Rs 175.48 and the P/E of 11.88 compares with an industry P/E of 19.82.
Over FY26, net profit rose 42.2% to Rs 3,373 crore on revenue of Rs 1,11,705 crore, which was up 8.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 32,230 crore, up 19.8% year on year, and net profit of Rs 1,750 crore, up 318.1%.
Return on equity is 8.96%, debt-to-equity is 0.50, and the dividend yield is 1.46%. Promoters hold 65.00%, foreign institutions 7.31% and domestic institutions 16.49% as of September 2026. Foreign institutional holding has risen from 3.76% to 7.31% over the last year.
Time Technoplast: The Industrial Polymer Maker Among Under Rs 240 Stocks to Buy
Time Technoplast is a maker of industrial packaging, composite cylinders and other polymer products. The stock trades at Rs 196.67 with a market capitalisation of Rs 8,031 crore and a P/E of 16.12, against an industry P/E of 33.18.
FY26 revenue rose 11.9% to Rs 6,114 crore and net profit rose 20.8% to Rs 477 crore. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,694 crore, while net profit grew 22.1% to Rs 118 crore.
Return on equity is 11.46%, debt-to-equity is 0.18, and the dividend yield is 0.92%. Promoters hold 47.47%, foreign institutions 9.16% and domestic institutions 17.85% as of September 2026. Domestic institutional holding has risen from 16.63% to 17.85% 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 240 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Gujarat Pipavav Port | 15.2% | 29.8% | Jun 2026 | 28.0% | 41.8% |
| ITC Hotels | 19.4% | 28.8% | Sep 2026 | 25.0% | 52.0% |
| Juniper Hotels | 9.6% | 98.6% | Jun 2026 | 11.0% | 269.6% |
| Steel Authority of India | 8.1% | 42.2% | Sep 2026 | 19.8% | 318.1% |
| Time Technoplast | 11.9% | 20.8% | Jun 2026 | 25.1% | 22.1% |
Factors That Move Under Rs 240 Stocks to Buy
Four factors tend to drive under Rs 240 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Ports, hotels, steel and plastics differ.
- Dividends: Gujarat Pipavav Port yields about 6.4%.
- Valuation: P/E runs from about 12 to 37.
Risks to Keep in Mind Before Buying Under Rs 240 Stocks
The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that ITC Hotels trades at a P/E near 37 while Steel Authority of India trades near 12, and steel earnings follow global prices. Check results every quarter.
On the numbers, ITC Hotels trades at the highest P/E on this list at 36.63, so its earnings need to keep growing to support the price. Under Rs 240 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 240 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Steel Authority of India trades lowest.
- Read dividends: Gujarat Pipavav Port yields the most.
- Diversify: Spread across the four sectors.
How to Invest in Under Rs 240 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
Steel Authority of India offers the lowest P/E on this list at 11.88, Gujarat Pipavav Port has the highest return on equity at 21.57%, and Juniper Hotels posted the fastest net profit growth in its latest full year at 98.6%. Among the best under Rs 240 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 240 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 240 Stocks to Buy
Which are the best under Rs 240 stocks to buy in November 2026?
Ans. The five under Rs 240 stocks on the November 2026 watchlist are Gujarat Pipavav Port, ITC Hotels, Juniper Hotels, Steel Authority of India and Time Technoplast. Steel Authority of India has the lowest P/E at 11.88, Gujarat Pipavav Port has the highest ROE at 21.57%, and Juniper Hotels grew net profit 98.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Steel Authority of India a good stock to buy from this Under Rs 240 list?
Ans. Steel Authority of India is the largest company on this list with a market capitalisation of Rs 66,584 crore and a P/E of 11.88 against an industry P/E of 19.82. Its FY26 revenue rose 8.1% and net profit rose 42.2%, with return on equity at 8.96%. 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 240 stocks expensive right now?
Ans. Valuations vary across the group. Gujarat Pipavav Port trades at a P/E of 14.05, ITC Hotels trades at a P/E of 36.63, Juniper Hotels trades at a P/E of 26.34, Steel Authority of India trades at a P/E of 11.88, Time Technoplast trades at a P/E of 16.12, against industry multiples ranging from 19.82 to 37.68. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 240 stocks pay a dividend?
Ans. Dividend yields on this list are Gujarat Pipavav Port 6.40%, ITC Hotels 0.61%, Steel Authority of India 1.46%, Time Technoplast 0.92%. 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. Gujarat Pipavav Port has the highest ROE on this list at 21.57%, followed by Time Technoplast at 11.46% and Steel Authority of India at 8.96%. 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 240 stocks?
Ans. The main risks are low prices that say little about value, steel price swings and travel demand for the hotel names. On this list, ITC Hotels trades at the highest P/E of 36.63, 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 240 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.