Under Rs 160 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 5, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Inox Green Rs 120.59. IREDA Rs 106.00. Lemon Tree Rs 115.57. GSFC Rs 140.74. Paradeep Rs 137.21. NSE closing prices, 4 Nov 2026.
Quick Answer
Five under Rs 160 stocks to buy on the November 2026 watchlist are Inox Green Energy Services, IREDA, Lemon Tree Hotels, Gujarat State Fertilizers and Chemicals and Paradeep Phosphates. All five grew revenue in their latest full year, and all five also grew net profit. Gujarat State Fertilizers and Chemicals has the lowest P/E at 7.84, while Lemon Tree Hotels leads on return on equity at 16.32%. Check each valuation against your own risk appetite before acting.
The under Rs 160 stocks to buy in November 2026 start with five listed names: Inox Green Energy Services, IREDA, Lemon Tree Hotels, Gujarat State Fertilizers and Chemicals and Paradeep Phosphates. Stocks under Rs 160 include a wind services company, a renewable energy lender, a hotel chain and two fertiliser makers, priced from about Rs 106 to Rs 141.
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 160 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 160 Stocks to Buy in November 2026?
The best under Rs 160 stocks to buy in November 2026 for a watchlist are Inox Green Energy Services, IREDA, Lemon Tree Hotels, Gujarat State Fertilizers and Chemicals and Paradeep Phosphates. 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 | 120.59 | Rs 4,486 crore | 36.86 | 6.00% | 0.00% |
| IREDA | 106.00 | Rs 28,514 crore | 14.48 | 13.73% | 1.33% |
| Lemon Tree Hotels | 115.57 | Rs 8,818 crore | 29.60 | 16.32% | 0.00% |
| Gujarat State Fertilizers and Chemicals | 140.74 | Rs 5,435 crore | 7.84 | 5.48% | 3.67% |
| Paradeep Phosphates | 137.21 | Rs 14,337 crore | 13.38 | 14.69% | 1.09% |
On valuation, IREDA, Lemon Tree Hotels, Gujarat State Fertilizers and Chemicals and Paradeep Phosphates trade below the industry P/E; Inox Green Energy Services sits close to it. Valuation is the first filter for any under Rs 160 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 160 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 wind turbine operations and maintenance company, a government-owned renewable energy lender, a mid-market hotel chain, a Gujarat fertiliser and chemicals maker and a DAP and NPK fertiliser producer, all of which closed below Rs 160 on the NSE on 4 November. Investors searching for the best stocks under Rs 160 in India should check earnings, valuation and debt.
Inox Green Energy Services: The Wind Services Name Among Under Rs 160 Stocks to Buy
Inox Green Energy Services is a wind turbine operations and maintenance services company. Its market capitalisation is Rs 4,486 crore, the share price is Rs 120.59 and the P/E of 36.86 compares with an industry P/E of 34.61.
Over FY26, net profit rose 189.9% to Rs 104 crore on revenue of Rs 426 crore, which was up 69.1%. The latest quarter, the June 2026 quarter, brought revenue of Rs 101 crore, up 3.5% year on year, 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%.
IREDA: The Green Energy Financier Among Under Rs 160 Stocks to Buy
IREDA is a government-owned lender to renewable energy projects. The stock trades at Rs 106.00 with a market capitalisation of Rs 28,514 crore and a P/E of 14.48, against an industry P/E of 16.15.
FY26 revenue rose 23.4% to Rs 8,339 crore and net profit rose 10.3% to Rs 1,874 crore. In the September 2026 quarter, revenue grew 14.0% year on year to Rs 2,347 crore, while net profit grew 0.5% to Rs 552 crore.
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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Lemon Tree Hotels: The Mid-Market Hotel Chain Among Under Rs 160 Stocks to Buy
Lemon Tree Hotels is a mid-market hotel chain with a large pipeline of properties. At Rs 115.57, the stock has a market capitalisation of Rs 8,818 crore and trades at 29.60 times earnings, while the industry P/E is 37.59.
Reported numbers show FY26 revenue of Rs 1,465 crore, up 12.8% year on year, with net profit at Rs 288 crore, up 18.6%. The June 2026 quarter added revenue of Rs 347 crore (up 9.2%) and net profit of Rs 57.3 crore (up 19.2%).
Return on equity is 16.32%, debt-to-equity is 1.44, and the dividend yield is negligible. Promoters hold 22.32%, foreign institutions 18.26% and domestic institutions 14.80% as of September 2026.
Gujarat State Fertilizers and Chemicals: The Gujarat Fertiliser and Chemicals Name Among Under Rs 160 Stocks to Buy
Gujarat State Fertilizers and Chemicals is a Gujarat-based maker of fertilisers and industrial chemicals. Its market capitalisation is Rs 5,435 crore, the share price is Rs 140.74 and the P/E of 7.84 compares with an industry P/E of 20.30.
Over FY26, net profit rose 13.8% to Rs 673 crore on revenue of Rs 11,222 crore, which was up 13.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 3,617 crore, up 62.5% year on year, and net profit of Rs 159 crore, up 14.4%.
Return on equity is 5.48%, debt-to-equity is 0.00, and the dividend yield is 3.67%. Promoters hold 37.84%, foreign institutions 12.52% and domestic institutions 5.83% as of September 2026. A point to keep in view: return on equity is a modest 5.48%.
Paradeep Phosphates: The Phosphate Fertiliser Producer Among Under Rs 160 Stocks to Buy
Paradeep Phosphates is a DAP and NPK fertiliser producer based in eastern India. The stock trades at Rs 137.21 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.
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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 160 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% |
| IREDA | 23.4% | 10.3% | Sep 2026 | 14.0% | 0.5% |
| Lemon Tree Hotels | 12.8% | 18.6% | Jun 2026 | 9.2% | 19.2% |
| Gujarat State Fertilizers and Chemicals | 13.9% | 13.8% | Jun 2026 | 62.5% | 14.4% |
| Paradeep Phosphates | 28.4% | 50.5% | Jun 2026 | 35.4% | 23.9% |
Factors That Move Under Rs 160 Stocks to Buy
Four factors tend to drive under Rs 160 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Wind, lending, hotels and fertilisers differ.
- Borrowings: The lender and hotel chain carry more debt.
- Liquidity: Check traded volume before buying.
Risks to Keep in Mind Before Buying Under Rs 160 Stocks
The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that fertiliser earnings depend on subsidy policy and hotels on travel demand. Check results every quarter.
On the numbers, Inox Green Energy Services trades at the highest P/E on this list at 36.86, so its earnings need to keep growing to support the price. Under Rs 160 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 160 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check debt: Compare borrowings across names.
- Read dividends: Payouts differ across names.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 160 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
Gujarat State Fertilizers and Chemicals offers the lowest P/E on this list at 7.84, Lemon Tree Hotels has the highest return on equity at 16.32%, and Inox Green Energy Services posted the fastest net profit growth in its latest full year at 189.9%. Among the best under Rs 160 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 160 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 160 Stocks to Buy
Which are the best under Rs 160 stocks to buy in November 2026?
Ans. The five under Rs 160 stocks on the November 2026 watchlist are Inox Green Energy Services, IREDA, Lemon Tree Hotels, Gujarat State Fertilizers and Chemicals and Paradeep Phosphates. Gujarat State Fertilizers and Chemicals has the lowest P/E at 7.84, Lemon Tree Hotels has the highest ROE at 16.32%, 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 IREDA a good stock to buy from this Under Rs 160 list?
Ans. IREDA is the largest company on this list with a market capitalisation of Rs 28,514 crore and a P/E of 14.48 against an industry P/E of 16.15. Its FY26 revenue rose 23.4% and net profit rose 10.3%, with return on equity at 13.73%. 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 160 stocks expensive right now?
Ans. Valuations vary across the group. Inox Green Energy Services trades at a P/E of 36.86, IREDA trades at a P/E of 14.48, Lemon Tree Hotels trades at a P/E of 29.60, Gujarat State Fertilizers and Chemicals trades at a P/E of 7.84, Paradeep Phosphates trades at a P/E of 13.38, against industry multiples ranging from 16.15 to 37.59. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 160 stocks pay a dividend?
Ans. Dividend yields on this list are IREDA 1.33%, Gujarat State Fertilizers and Chemicals 3.67%, Paradeep Phosphates 1.09%. 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. Lemon Tree Hotels has the highest ROE on this list at 16.32%, followed by Paradeep Phosphates at 14.69% and IREDA at 13.73%. 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 160 stocks?
Ans. The main risks are low prices that say little about value, subsidy and travel cycles and borrowings in lending and hotels. On this list, Inox Green Energy Services trades at the highest P/E of 36.86, 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 160 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.
