Under Rs 130 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 12, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Inox Green Rs 118.28. NHPC Rs 77.90. NMDC Rs 71.70. NTPC Green Rs 83.50. RCF Rs 108.91. NSE closing prices, 11 Nov 2026.
Quick Answer
Five under Rs 130 stocks to buy on the November 2026 watchlist are Inox Green Energy Services, NHPC, NMDC, NTPC Green Energy and Rashtriya Chemicals and Fertilizers. All five grew revenue in their latest full year, and all five also grew net profit. NMDC has both the lowest P/E at 7.98 and the highest return on equity at 21.87%. Check each valuation against your own risk appetite before acting.
The under Rs 130 stocks to buy in November 2026 start with five listed names: Inox Green Energy Services, NHPC, NMDC, NTPC Green Energy and Rashtriya Chemicals and Fertilizers. Stocks under Rs 130 include a wind turbine services company, a hydropower producer, an iron ore miner, a renewable power producer and a fertiliser maker, priced from about Rs 72 to Rs 118. NMDC 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 130 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 130 Stocks to Buy in November 2026?
The best under Rs 130 stocks to buy in November 2026 for a watchlist are Inox Green Energy Services, NHPC, NMDC, NTPC Green Energy and Rashtriya Chemicals and Fertilizers. 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 |
|---|---|---|---|---|---|
| Inox Green Energy Services | 118.28 | Rs 4,486 crore | 36.86 | 6.00% | 0.00% |
| NHPC | 77.90 | Rs 77,397 crore | 18.13 | 9.09% | 2.09% |
| NMDC | 71.70 | Rs 59,485 crore | 7.98 | 21.87% | 5.17% |
| NTPC Green Energy | 83.50 | Rs 70,722 crore | 116.57 | 2.76% | 0.00% |
| Rashtriya Chemicals and Fertilizers | 108.91 | Rs 5,299 crore | 11.87 | 8.35% | 2.44% |
On valuation, NMDC and Rashtriya Chemicals and Fertilizers trade below the industry P/E; Inox Green Energy Services and NHPC sit close to it; NTPC Green Energy carries a premium. Valuation is the first filter for any under Rs 130 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 130 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 an operation and maintenance services company for wind turbines, a hydropower producer, the country’s largest iron ore miner, a renewable power producer and a fertiliser and chemicals maker, all of which closed below Rs 130 on the NSE on 11 November. Investors searching for the best stocks under Rs 130 in India should check earnings, valuation and debt.
Inox Green Energy Services: The Wind Services Name Among Under Rs 130 Stocks to Buy
Inox Green Energy Services is a wind turbine operations and maintenance services company. At Rs 118.28, the stock has a market capitalisation of Rs 4,486 crore and trades at 36.86 times earnings, while the industry P/E is 34.61.
Reported numbers show FY26 revenue of Rs 426 crore, up 69.1% year on year, with net profit at Rs 104 crore, up 189.9%. The June 2026 quarter added revenue of Rs 101 crore (up 3.5%) and net profit of Rs 40.8 crore (up 82.2%).
Return on equity is 6.00%, debt-to-equity is 0.05, and the dividend yield is negligible. Promoters hold 53.70%, foreign institutions 8.18% and domestic institutions 1.93% as of September 2026. A point to keep in view: return on equity is a modest 6.00%.
NHPC: The Hydropower Producer Among Under Rs 130 Stocks to Buy
NHPC is a government-owned hydropower producer. Its market capitalisation is Rs 77,397 crore, the share price is Rs 77.90 and the P/E of 18.13 compares with an industry P/E of 19.93.
Over FY26, net profit rose 3.3% to Rs 3,237 crore on revenue of Rs 12,686 crore, which was up 9.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 3,960 crore, up 15.0% year on year, and net profit of Rs 1,178 crore, up 4.1%.
Return on equity is 9.09%, debt-to-equity is 1.26, and the dividend yield is 2.09%. Promoters hold 61.39%, foreign institutions 13.17% and domestic institutions 14.27% as of September 2026. Domestic institutional holding has risen from 10.55% to 14.27% over the last year. A point to keep in view: debt is higher than most names on this list.
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NMDC: The Iron Ore Miner Among Under Rs 130 Stocks to Buy
NMDC is a government-owned iron ore miner and one of India’s largest. The stock trades at Rs 71.70 with a market capitalisation of Rs 59,485 crore and a P/E of 7.98, against an industry P/E of 9.52.
FY26 revenue rose 31.6% to Rs 33,559 crore and net profit rose 13.4% to Rs 7,415 crore. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 7,143 crore, while net profit grew 1.9% to Rs 2,006 crore.
Return on equity is 21.87%, debt-to-equity is 0.19, and the dividend yield is 5.17%. Promoters hold 60.79%, foreign institutions 14.91% and domestic institutions 12.51% as of September 2026. Foreign institutional holding has risen from 13.04% to 14.91% over the last year.
NTPC Green Energy: The Green Power Arm of NTPC Among Under Rs 130 Stocks to Buy
NTPC Green Energy is the renewable energy arm of NTPC, building solar and wind capacity. At Rs 83.50, the stock has a market capitalisation of Rs 70,722 crore and trades at 116.57 times earnings, while the industry P/E is 19.93.
Reported numbers show FY26 revenue of Rs 3,035 crore, up 23.1% year on year, with net profit at Rs 521 crore, up 10.0%. The June 2026 quarter added revenue of Rs 1,122 crore (up 49.2%) and net profit of Rs 305 crore (up 38.3%).
Return on equity is 2.76%, debt-to-equity is 1.67, and the dividend yield is negligible. Promoters hold 89.01%, foreign institutions 1.58% and domestic institutions 5.29% as of September 2026. A point to keep in view: at a P/E of 116.57, expectations are already high, and debt is higher than most names on this list.
Rashtriya Chemicals and Fertilizers: The Government-Owned Fertiliser Maker Among Under Rs 130 Stocks to Buy
Rashtriya Chemicals and Fertilizers is a government-owned producer of urea and complex fertilisers. Its market capitalisation is Rs 5,299 crore, the share price is Rs 108.91 and the P/E of 11.87 compares with an industry P/E of 20.30.
Over FY26, net profit rose 76.3% to Rs 427 crore on revenue of Rs 18,691 crore, which was up 9.3%. The latest quarter, the June 2026 quarter, brought revenue of Rs 3,621 crore, up 6.2% year on year, 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.
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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 130 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Inox Green Energy Services | 69.1% | 189.9% | Jun 2026 | 3.5% | 82.2% |
| NHPC | 9.2% | 3.3% | Jun 2026 | 15.0% | 4.1% |
| NMDC | 31.6% | 13.4% | Jun 2026 | 1.5% | 1.9% |
| NTPC Green Energy | 23.1% | 10.0% | Jun 2026 | 49.2% | 38.3% |
| Rashtriya Chemicals and Fertilizers | 9.3% | 76.3% | Jun 2026 | 6.2% | 35.1% |
Factors That Move Under Rs 130 Stocks to Buy
Four factors tend to drive under Rs 130 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Wind services, hydropower, mining, renewables and fertilisers differ.
- Dividends: NMDC yields about 5.2%.
- Valuation: P/E runs from about 8 to 117.
Risks to Keep in Mind Before Buying Under Rs 130 Stocks
The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that NTPC Green Energy trades at a P/E near 117 while NMDC trades near 8, Inox Green Energy Services is valued at only about Rs 4,500 crore, and NTPC Green Energy carries the highest borrowings of the five. Check results every quarter.
On the numbers, NTPC Green Energy trades at the highest P/E on this list at 116.57, so its earnings need to keep growing to support the price. Under Rs 130 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 130 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: NMDC trades lowest.
- Read ROE: NMDC leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 130 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
NMDC offers both the lowest P/E on this list at 7.98 and the highest return on equity at 21.87%, and Inox Green Energy Services posted the fastest net profit growth in its latest full year at 189.9%. Among the best under Rs 130 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 130 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 130 Stocks to Buy
Which are the best under Rs 130 stocks to buy in November 2026?
Ans. The five under Rs 130 stocks on the November 2026 watchlist are Inox Green Energy Services, NHPC, NMDC, NTPC Green Energy and Rashtriya Chemicals and Fertilizers. NMDC has both the lowest P/E at 7.98 and the highest ROE at 21.87%, and Inox Green Energy Services grew net profit 189.9% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is NHPC a good stock to buy from this Under Rs 130 list?
Ans. NHPC is the largest company on this list with a market capitalisation of Rs 77,397 crore and a P/E of 18.13 against an industry P/E of 19.93. Its FY26 revenue rose 9.2% and net profit rose 3.3%, with return on equity at 9.09%. 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 130 stocks expensive right now?
Ans. Valuations vary across the group. Inox Green Energy Services trades at a P/E of 36.86, NHPC trades at a P/E of 18.13, NMDC trades at a P/E of 7.98, NTPC Green Energy trades at a P/E of 116.57, Rashtriya Chemicals and Fertilizers trades at a P/E of 11.87, against industry multiples ranging from 9.52 to 34.61. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 130 stocks pay a dividend?
Ans. Dividend yields on this list are NHPC 2.09%, NMDC 5.17%, 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. NMDC has the highest ROE on this list at 21.87%, followed by NHPC at 9.09% and Rashtriya Chemicals and Fertilizers at 8.35%. 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 130 stocks?
Ans. The main risks are low prices that say little about value, an extreme valuation at one name and iron ore price swings. On this list, NTPC Green Energy trades at the highest P/E of 116.57, 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 130 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.