Under Rs 340 Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 11, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Dharmaj Crop Guard Rs 239.95. Gandhar Oil Refinery Rs 260.97. Genus Power Rs 286.50. Time Techno Rs 187.91. Union Bank Rs 197.00. NSE closing prices, 9 Nov 2026.
Quick Answer
Five under Rs 340 stocks to buy on the November 2026 watchlist are Dharmaj Crop Guard, Gandhar Oil Refinery, Genus Power Infrastructures, Time Technoplast and Union Bank of India. All five grew revenue in their latest full year, and all five also grew net profit. Gandhar Oil Refinery has the lowest P/E at 5.24, while Genus Power Infrastructures leads on return on equity at 26.71%. Check each valuation against your own risk appetite before acting.
The under Rs 340 stocks to buy in November 2026 start with five listed names: Dharmaj Crop Guard, Gandhar Oil Refinery, Genus Power Infrastructures, Time Technoplast and Union Bank of India. Stocks under Rs 340 include a crop protection maker, a lubricants refiner, a smart meter maker, a polymer products maker and a public sector bank, priced from about Rs 188 to Rs 287.
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 340 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 340 Stocks to Buy in November 2026?
The best under Rs 340 stocks to buy in November 2026 for a watchlist are Dharmaj Crop Guard, Gandhar Oil Refinery, Genus Power Infrastructures, Time Technoplast and Union Bank of India. 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 |
|---|---|---|---|---|---|
| Dharmaj Crop Guard | 239.95 | Rs 846 crore | 14.06 | 12.17% | 0.00% |
| Gandhar Oil Refinery | 260.97 | Rs 2,427 crore | 5.24 | 25.91% | 0.30% |
| Genus Power Infrastructures | 286.50 | Rs 8,470 crore | 13.00 | 26.71% | 0.18% |
| Time Technoplast | 187.91 | Rs 8,031 crore | 16.12 | 11.46% | 0.92% |
| Union Bank of India | 197.00 | Rs 1,42,100 crore | 6.46 | 16.05% | 2.69% |
On valuation, Dharmaj Crop Guard, Gandhar Oil Refinery, Genus Power Infrastructures, Time Technoplast and Union Bank of India trade below the industry P/E. Valuation is the first filter for any under Rs 340 stocks to buy list, and it is covered again in the risk section.
Why These Under Rs 340 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 crop protection chemicals maker, a refiner of lubricants and white oils, a maker of smart meters, a polymer products and composite cylinders maker and a large public sector bank, all of which closed below Rs 340 on the NSE on 9 November. Investors searching for the best stocks under Rs 340 in India should check earnings, valuation and debt.
Dharmaj Crop Guard: A Small-Cap Crop Protection Name Among Under Rs 340 Stocks to Buy
Dharmaj Crop Guard is a small-cap maker and marketer of insecticides, fungicides and herbicides sold to farmers across India. Its market capitalisation is Rs 846 crore, the share price is Rs 239.95 and the P/E of 14.06 compares with an industry P/E of 22.16.
Over FY26, net profit rose 56.9% to Rs 54.6 crore on revenue of Rs 1,146 crore, which was up 20.3%. The latest quarter, the June 2026 quarter, brought revenue of Rs 384 crore, up 4.2% year on year, and net profit of Rs 38.1 crore, up 16.9%.
Return on equity is 12.17%, debt-to-equity is 0.29, and the dividend yield is negligible. Promoters hold 70.40%, foreign institutions 3.12% and domestic institutions 0.50% as of September 2026.
Gandhar Oil Refinery: The Specialty Oils Maker Among Under Rs 340 Stocks to Buy
Gandhar Oil Refinery is a maker of speciality oils such as white oils and transformer oils. The stock trades at Rs 260.97 with a market capitalisation of Rs 2,427 crore and a P/E of 5.24, against an industry P/E of 14.94.
FY26 revenue rose 8.8% to Rs 4,255 crore and net profit rose 64.3% to Rs 137 crore. In the September 2026 quarter, revenue grew 72.7% year on year to Rs 1,850 crore, while net profit grew 368.4% to Rs 186 crore.
Return on equity is 25.91%, debt-to-equity is 0.14, and the dividend yield is 0.30%. Promoters hold 66.65%, foreign institutions 5.47% and domestic institutions 0.29% as of September 2026. Foreign institutional holding has risen from 0.17% to 5.47% over the last year.
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Genus Power Infrastructures: The Smart Meter Maker Among Under Rs 340 Stocks to Buy
Genus Power Infrastructures is a smart meter and metering solutions maker. At Rs 286.50, the stock has a market capitalisation of Rs 8,470 crore and trades at 13.00 times earnings, while the industry P/E is 42.51.
Reported numbers show FY26 revenue of Rs 4,821 crore, up 91.0% year on year, with net profit at Rs 565 crore, up 91.7%. The June 2026 quarter added revenue of Rs 1,407 crore (up 46.0%) and net profit of Rs 175 crore (up 35.6%).
Return on equity is 26.71%, debt-to-equity is 1.04, and the dividend yield is 0.18%. Promoters hold 39.34%, foreign institutions 7.43% and domestic institutions 4.74% as of September 2026. Domestic institutional holding has risen from 3.35% to 4.74% over the last year. A point to keep in view: debt is higher than most names on this list.
Time Technoplast: The Industrial Polymer Maker Among Under Rs 340 Stocks to Buy
Time Technoplast is a maker of industrial packaging, composite cylinders and other polymer products. Its market capitalisation is Rs 8,031 crore, the share price is Rs 187.91 and the P/E of 16.12 compares with an industry P/E of 33.18.
Over FY26, net profit rose 20.8% to Rs 477 crore on revenue of Rs 6,114 crore, which was up 11.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,694 crore, up 25.1% year on year, and net profit of Rs 118 crore, up 22.1%.
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.
Union Bank of India: The Public Sector Lender Among Under Rs 340 Stocks to Buy
Union Bank of India is a large public sector bank with a pan-India branch network. The stock trades at Rs 197.00 with a market capitalisation of Rs 1,42,100 crore and a P/E of 6.46, against an industry P/E of 11.45.
FY26 revenue rose 0.2% to Rs 1,28,400 crore and net profit rose 4.8% to Rs 18,781 crore. In the September 2026 quarter, revenue grew 5.4% year on year to Rs 33,471 crore, while net profit grew 30.1% to Rs 5,570 crore.
Return on equity is 16.05%, and the dividend yield is 2.69%. Promoters hold 74.76%, foreign institutions 9.40% and domestic institutions 11.64% as of September 2026. Foreign institutional holding has risen from 7.86% to 9.40% 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 340 stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Dharmaj Crop Guard | 20.3% | 56.9% | Jun 2026 | 4.2% | 16.9% |
| Gandhar Oil Refinery | 8.8% | 64.3% | Sep 2026 | 72.7% | 368.4% |
| Genus Power Infrastructures | 91.0% | 91.7% | Jun 2026 | 46.0% | 35.6% |
| Time Technoplast | 11.9% | 20.8% | Jun 2026 | 25.1% | 22.1% |
| Union Bank of India | 0.2% | 4.8% | Sep 2026 | 5.4% | 30.1% |
Factors That Move Under Rs 340 Stocks to Buy
Four factors tend to drive under Rs 340 stocks, and each one is worth checking before a purchase.
- Earnings growth: Profit should be rising.
- Sector mix: Agro chemicals, refining, meters, polymers and banking differ.
- Dividends: Union Bank of India yields about 2.7%.
- Valuation: P/E runs from about 5 to 16.
Risks to Keep in Mind Before Buying Under Rs 340 Stocks
The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that Dharmaj Crop Guard is valued at under Rs 1,000 crore and Gandhar Oil Refinery at about Rs 2,400 crore, so trading can be thin, and Genus Power carries the highest borrowings of the five. Check results every quarter.
On the numbers, Time Technoplast trades at the highest P/E on this list at 16.12, so its earnings need to keep growing to support the price. Under Rs 340 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 340 Stocks to Buy
- Look at earnings: Price alone is not a signal.
- Check P/E: Gandhar Oil Refinery trades lowest.
- Read ROE: Genus Power Infrastructures leads.
- Diversify: Spread across the five sectors.
How to Invest in Under Rs 340 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
Gandhar Oil Refinery offers the lowest P/E on this list at 5.24, Genus Power Infrastructures has the highest return on equity at 26.71%, and Genus Power Infrastructures posted the fastest net profit growth in its latest full year at 91.7%. Among the best under Rs 340 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 340 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 340 Stocks to Buy
Which are the best under Rs 340 stocks to buy in November 2026?
Ans. The five under Rs 340 stocks on the November 2026 watchlist are Dharmaj Crop Guard, Gandhar Oil Refinery, Genus Power Infrastructures, Time Technoplast and Union Bank of India. Gandhar Oil Refinery has the lowest P/E at 5.24, Genus Power Infrastructures has the highest ROE at 26.71%, and Genus Power Infrastructures grew net profit 91.7% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Union Bank of India a good stock to buy from this Under Rs 340 list?
Ans. Union Bank of India is the largest company on this list with a market capitalisation of Rs 1,42,100 crore and a P/E of 6.46 against an industry P/E of 11.45. Its FY26 revenue rose 0.2% and net profit rose 4.8%, with return on equity at 16.05%. 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 340 stocks expensive right now?
Ans. Valuations vary across the group. Dharmaj Crop Guard trades at a P/E of 14.06, Gandhar Oil Refinery trades at a P/E of 5.24, Genus Power Infrastructures trades at a P/E of 13.00, Time Technoplast trades at a P/E of 16.12, Union Bank of India trades at a P/E of 6.46, against industry multiples ranging from 11.45 to 42.51. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these under Rs 340 stocks pay a dividend?
Ans. Dividend yields on this list are Gandhar Oil Refinery 0.30%, Genus Power Infrastructures 0.18%, Time Technoplast 0.92%, Union Bank of India 2.69%. 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. Genus Power Infrastructures has the highest ROE on this list at 26.71%, followed by Gandhar Oil Refinery at 25.91% and Union Bank of India at 16.05%. 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 340 stocks?
Ans. The main risks are low prices that say little about value, thin trading in two small companies and monsoon-linked demand for crop inputs. On this list, Time Technoplast trades at the highest P/E of 16.12, 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 340 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.