{"id":341585,"date":"2026-11-06T11:06:26","date_gmt":"2026-11-06T05:36:26","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=341585"},"modified":"2026-11-06T11:06:26","modified_gmt":"2026-11-06T05:36:26","slug":"under-rs-2300-stocks-to-buy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/","title":{"rendered":"Under Rs 2300 Stocks to Buy in November 2026: 5 Names on the Watchlist"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Adani Ports Rs 1,885. Nilkamal Rs 2,024. Lupin Rs 1,988. Happy Forgings Rs 1,883. Dr Lal Rs 1,967. NSE closing prices, 5 Nov 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Five under Rs 2300 stocks to buy on the November 2026 watchlist are Adani Ports and Special Economic Zone, Nilkamal, Lupin, Happy Forgings and Dr Lal PathLabs. All five grew revenue in their latest full year, and all five also grew net profit. Lupin has both the lowest P\/E at 16.46 and the highest return on equity at 23.76%. Check each valuation against your own risk appetite before acting.<\/p>\n<\/p><\/div>\n<p>The under Rs 2300 stocks to buy in November 2026 start with five listed names: Adani Ports and Special Economic Zone, Nilkamal, Lupin, Happy Forgings and Dr Lal PathLabs. Stocks under Rs 2,300 include a port operator, a plastic furniture maker, a global pharma company, a forgings maker and a diagnostics chain, priced from about Rs 1,883 to Rs 2,024.<\/p>\n<p>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 2300 stocks to buy to a portfolio. All prices are NSE closing prices of 5 November 2026, and financials come from company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=under-rs-2300-stocks-to-buy\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Which_Are_the_Best_Under_Rs_2300_Stocks_to_Buy_in_November_2026\" title=\"Which Are the Best Under Rs 2300 Stocks to Buy in November 2026?\">Which Are the Best Under Rs 2300 Stocks to Buy in November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Why_These_Under_Rs_2300_Stocks_to_Buy_Are_in_Focus\" title=\"Why These Under Rs 2300 Stocks to Buy Are in Focus\">Why These Under Rs 2300 Stocks to Buy Are in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Adani_Ports_and_Special_Economic_Zone_The_Port_Operator_Among_Under_Rs_2300_Stocks_to_Buy\" title=\"Adani Ports and Special Economic Zone: The Port Operator Among Under Rs 2300 Stocks to Buy\">Adani Ports and Special Economic Zone: The Port Operator Among Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Nilkamal_The_Plastic_Furniture_Maker_Among_Under_Rs_2300_Stocks_to_Buy\" title=\"Nilkamal: The Plastic Furniture Maker Among Under Rs 2300 Stocks to Buy\">Nilkamal: The Plastic Furniture Maker Among Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Lupin_The_Global_Generics_Player_Among_Under_Rs_2300_Stocks_to_Buy\" title=\"Lupin: The Global Generics Player Among Under Rs 2300 Stocks to Buy\">Lupin: The Global Generics Player Among Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Happy_Forgings_The_Precision_Forging_Specialist_Among_Under_Rs_2300_Stocks_to_Buy\" title=\"Happy Forgings: The Precision Forging Specialist Among Under Rs 2300 Stocks to Buy\">Happy Forgings: The Precision Forging Specialist Among Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Dr_Lal_PathLabs_The_Diagnostics_Leader_Among_Under_Rs_2300_Stocks_to_Buy\" title=\"Dr Lal PathLabs: The Diagnostics Leader Among Under Rs 2300 Stocks to Buy\">Dr Lal PathLabs: The Diagnostics Leader Among Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Growth_Snapshot_Latest_Full_Year_and_Latest_Quarter\" title=\"Growth Snapshot: Latest Full Year and Latest Quarter\">Growth Snapshot: Latest Full Year and Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Factors_That_Move_Under_Rs_2300_Stocks_to_Buy\" title=\"Factors That Move Under Rs 2300 Stocks to Buy\">Factors That Move Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Risks_to_Keep_in_Mind_Before_Buying_Under_Rs_2300_Stocks\" title=\"Risks to Keep in Mind Before Buying Under Rs 2300 Stocks\">Risks to Keep in Mind Before Buying Under Rs 2300 Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#How_to_Choose_Under_Rs_2300_Stocks_to_Buy\" title=\"How to Choose Under Rs 2300 Stocks to Buy\">How to Choose Under Rs 2300 Stocks to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#How_to_Invest_in_Under_Rs_2300_Stocks\" title=\"How to Invest in Under Rs 2300 Stocks\">How to Invest in Under Rs 2300 Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Frequently_Asked_Questions_on_Under_Rs_2300_Stocks_to_Buy\" title=\"Frequently Asked Questions on Under Rs 2300 Stocks to Buy\">Frequently Asked Questions on Under Rs 2300 Stocks to Buy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Which_are_the_best_under_Rs_2300_stocks_to_buy_in_November_2026\" title=\"Which are the best under Rs 2300 stocks to buy in November 2026?\">Which are the best under Rs 2300 stocks to buy in November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Is_Adani_Ports_and_Special_Economic_Zone_a_good_stock_to_buy_from_this_Under_Rs_2300_list\" title=\"Is Adani Ports and Special Economic Zone a good stock to buy from this Under Rs 2300 list?\">Is Adani Ports and Special Economic Zone a good stock to buy from this Under Rs 2300 list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Are_these_under_Rs_2300_stocks_expensive_right_now\" title=\"Are these under Rs 2300 stocks expensive right now?\">Are these under Rs 2300 stocks expensive right now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Which_of_these_under_Rs_2300_stocks_pay_a_dividend\" title=\"Which of these under Rs 2300 stocks pay a dividend?\">Which of these under Rs 2300 stocks pay a dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#Which_stock_on_this_list_has_the_highest_return_on_equity\" title=\"Which stock on this list has the highest return on equity?\">Which stock on this list has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#What_are_the_risks_of_investing_in_under_Rs_2300_stocks\" title=\"What are the risks of investing in under Rs 2300 stocks?\">What are the risks of investing in under Rs 2300 stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/under-rs-2300-stocks-to-buy\/#How_can_I_invest_in_under_Rs_2300_stocks_in_India\" title=\"How can I invest in under Rs 2300 stocks in India?\">How can I invest in under Rs 2300 stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Which_Are_the_Best_Under_Rs_2300_Stocks_to_Buy_in_November_2026\"><\/span><strong>Which Are the Best Under Rs 2300 Stocks to Buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best under Rs 2300 stocks to buy in November 2026 for a watchlist are Adani Ports and Special Economic Zone, Nilkamal, Lupin, Happy Forgings and Dr Lal PathLabs. 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.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>CMP (Rs)<\/th>\n<th>Market Cap<\/th>\n<th>P\/E<\/th>\n<th>ROE<\/th>\n<th>Dividend Yield<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/adaniports\/adani-ports-and-special-economic-zone-ltd-share-price-today\">Adani Ports and Special Economic Zone<\/a><\/td>\n<td>1,885<\/td>\n<td>Rs 4,26,232 crore<\/td>\n<td>31.15<\/td>\n<td>13.33%<\/td>\n<td>0.41%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/nilkamal\/nilkamal-ltd-share-price-today\">Nilkamal<\/a><\/td>\n<td>2,024<\/td>\n<td>Rs 2,983 crore<\/td>\n<td>18.73<\/td>\n<td>8.05%<\/td>\n<td>1.00%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/lupin\/lupin-ltd-share-price-today\">Lupin<\/a><\/td>\n<td>1,988<\/td>\n<td>Rs 91,367 crore<\/td>\n<td>16.46<\/td>\n<td>23.76%<\/td>\n<td>0.90%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/happyforge\/happy-forgings-ltd-share-price-today\">Happy Forgings<\/a><\/td>\n<td>1,883<\/td>\n<td>Rs 16,943 crore<\/td>\n<td>51.75<\/td>\n<td>14.17%<\/td>\n<td>0.22%<\/td>\n<\/tr>\n<tr>\n<td>Dr Lal PathLabs<\/td>\n<td>1,967<\/td>\n<td>Rs 32,115 crore<\/td>\n<td>58.78<\/td>\n<td>20.13%<\/td>\n<td>1.07%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On valuation, Nilkamal and Lupin trade below the industry P\/E; Adani Ports and Special Economic Zone, Happy Forgings and Dr Lal PathLabs sit close to it. Valuation is the first filter for any under Rs 2300 stocks to buy list, and it is covered again in the risk section.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_Under_Rs_2300_Stocks_to_Buy_Are_in_Focus\"><\/span><strong>Why These Under Rs 2300 Stocks to Buy Are in Focus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A higher share price does not make a stock better or worse value, because value depends on earnings and the number of shares. The list covers India&#8217;s largest port operator, a maker of plastic furniture and storage products, a global generics and specialty pharma company, a maker of precision forged and machined components and one of India&#8217;s largest diagnostic chains, all of which closed below Rs 2,300 on the NSE on 5 November. Investors searching for the best stocks under Rs 2,300 in India should check earnings, valuation and debt.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Ports_and_Special_Economic_Zone_The_Port_Operator_Among_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Adani Ports and Special Economic Zone: The Port Operator Among Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Adani Ports and Special Economic Zone is India&#8217;s largest port operator, with ports and logistics services. At Rs 1,885, the stock has a market capitalisation of Rs 4,26,232 crore and trades at 31.15 times earnings, while the industry P\/E is 30.60.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 40,854 crore, up 26.2% year on year, with net profit at Rs 12,782 crore, up 15.6%. The September 2026 quarter added revenue of Rs 11,610 crore (up 16.1%) and net profit of Rs 3,682 crore (up 18.0%).<\/p>\n<p>Return on equity is 13.33%, debt-to-equity is 0.65, and the dividend yield is 0.41%. Promoters hold 66.03%, foreign institutions 15.95% and domestic institutions 13.25% as of September 2026. Foreign institutional holding has risen from 13.61% to 15.95% over the last year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nilkamal_The_Plastic_Furniture_Maker_Among_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Nilkamal: The Plastic Furniture Maker Among Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nilkamal is a maker of plastic furniture and storage products. Its market capitalisation is Rs 2,983 crore, the share price is Rs 2,024 and the P\/E of 18.73 compares with an industry P\/E of 33.18.<\/p>\n<p>Over FY26, net profit rose 8.7% to Rs 116 crore on revenue of Rs 3,792 crore, which was up 14.1%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,129 crore, up 16.3% year on year, and net profit of Rs 67.8 crore, up 101.5%.<\/p>\n<p>Return on equity is 8.05%, debt-to-equity is 0.27, and the dividend yield is 1.00%. Promoters hold 64.54%, foreign institutions 1.02% and domestic institutions 7.90% as of September 2026.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Under Rs 2300 Stocks Live on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lupin_The_Global_Generics_Player_Among_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Lupin: The Global Generics Player Among Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lupin is a global generics and specialty pharma company with strong respiratory, cardiac and anti-diabetic products. The stock trades at Rs 1,988 with a market capitalisation of Rs 91,367 crore and a P\/E of 16.46, against an industry P\/E of 37.65.<\/p>\n<p>FY26 revenue rose 26.8% to Rs 29,039 crore and net profit rose 62.0% to Rs 5,355 crore. In the June 2026 quarter, revenue grew 32.5% year on year to Rs 8,407 crore, while net profit grew 16.0% to Rs 1,417 crore.<\/p>\n<p>Return on equity is 23.76%, debt-to-equity is 0.29, and the dividend yield is 0.90%. Promoters hold 46.84%, foreign institutions 23.28% and domestic institutions 23.78% as of September 2026. Foreign institutional holding has risen from 20.49% to 23.28% over the last year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Happy_Forgings_The_Precision_Forging_Specialist_Among_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Happy Forgings: The Precision Forging Specialist Among Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Happy Forgings is a maker of precision forged and machined components for auto, industrial and renewable customers. At Rs 1,883, the stock has a market capitalisation of Rs 16,943 crore and trades at 51.75 times earnings, while the industry P\/E is 48.76.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 1,577 crore, up 9.0% year on year, with net profit at Rs 302 crore, up 12.8%. The June 2026 quarter added revenue of Rs 460 crore (up 26.5%) and net profit of Rs 91.5 crore (up 39.2%).<\/p>\n<p>Return on equity is 14.17%, debt-to-equity is 0.15, and the dividend yield is 0.22%. Promoters hold 78.44%, foreign institutions 2.37% and domestic institutions 14.93% as of September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dr_Lal_PathLabs_The_Diagnostics_Leader_Among_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Dr Lal PathLabs: The Diagnostics Leader Among Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dr Lal PathLabs is one of India&#8217;s largest diagnostic chains, with a national network of labs and collection centres. Its market capitalisation is Rs 32,115 crore, the share price is Rs 1,967 and the P\/E of 58.78 compares with an industry P\/E of 61.50.<\/p>\n<p>Over FY26, net profit rose 3.6% to Rs 510 crore on revenue of Rs 2,864 crore, which was up 12.1%. The latest quarter, the June 2026 quarter, brought revenue of Rs 830 crore, up 18.9% year on year, and net profit of Rs 170 crore, up 27.2%.<\/p>\n<p>Return on equity is 20.13%, debt-to-equity is 0.08, and the dividend yield is 1.07%. Promoters hold 52.93%, foreign institutions 18.73% and domestic institutions 21.58% as of September 2026. Domestic institutional holding has risen from 18.49% to 21.58% over the last year.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track these under Rs 2300 stocks live and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Growth_Snapshot_Latest_Full_Year_and_Latest_Quarter\"><\/span><strong>Growth Snapshot: Latest Full Year and Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares year-on-year growth in revenue and net profit for all five under Rs 2300 stocks, using filed results.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Full-Year Revenue Growth<\/th>\n<th>Full-Year Profit Growth<\/th>\n<th>Latest Quarter<\/th>\n<th>Quarter Revenue Growth<\/th>\n<th>Quarter Profit Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Adani Ports and Special Economic Zone<\/td>\n<td>26.2%<\/td>\n<td>15.6%<\/td>\n<td>Sep 2026<\/td>\n<td>16.1%<\/td>\n<td>18.0%<\/td>\n<\/tr>\n<tr>\n<td>Nilkamal<\/td>\n<td>14.1%<\/td>\n<td>8.7%<\/td>\n<td>Sep 2026<\/td>\n<td>16.3%<\/td>\n<td>101.5%<\/td>\n<\/tr>\n<tr>\n<td>Lupin<\/td>\n<td>26.8%<\/td>\n<td>62.0%<\/td>\n<td>Jun 2026<\/td>\n<td>32.5%<\/td>\n<td>16.0%<\/td>\n<\/tr>\n<tr>\n<td>Happy Forgings<\/td>\n<td>9.0%<\/td>\n<td>12.8%<\/td>\n<td>Jun 2026<\/td>\n<td>26.5%<\/td>\n<td>39.2%<\/td>\n<\/tr>\n<tr>\n<td>Dr Lal PathLabs<\/td>\n<td>12.1%<\/td>\n<td>3.6%<\/td>\n<td>Jun 2026<\/td>\n<td>18.9%<\/td>\n<td>27.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Factors_That_Move_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Factors That Move Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four factors tend to drive under Rs 2300 stocks, and each one is worth checking before a purchase.<\/p>\n<ul>\n<li><strong>Earnings growth:<\/strong> Profit should be rising.<\/li>\n<li><strong>Sector mix:<\/strong> Ports, furniture, pharma, forgings and diagnostics differ.<\/li>\n<li><strong>Return on equity:<\/strong> Lupin leads at about 24%.<\/li>\n<li><strong>Valuation:<\/strong> P\/E runs from about 16 to 59.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Keep_in_Mind_Before_Buying_Under_Rs_2300_Stocks\"><\/span><strong>Risks to Keep in Mind Before Buying Under Rs 2300 Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first risk is that a share price says little about value, so earnings and valuation matter more. The second is that Dr Lal PathLabs and Happy Forgings trade at a P\/E above 50, so expectations are high. Check results every quarter.<\/p>\n<p>On the numbers, Dr Lal PathLabs trades at the highest P\/E on this list at 58.78, so its earnings need to keep growing to support the price. Under Rs 2300 stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>How to Choose Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Look at earnings:<\/strong> Price alone is not a signal.<\/li>\n<li><strong>Check P\/E:<\/strong> Lupin trades lowest.<\/li>\n<li><strong>Read dividends:<\/strong> Dr Lal PathLabs yields the most.<\/li>\n<li><strong>Diversify:<\/strong> Spread across the five sectors.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Under_Rs_2300_Stocks\"><\/span><strong>How to Invest in Under Rs 2300 Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Shortlist two or three companies from this list that match your risk appetite.<\/li>\n<li>Open the Univest Screener and compare P\/E, ROE and debt for each stock.<\/li>\n<li>Check the latest quarterly results and shareholding pattern on NSE or BSE.<\/li>\n<li>Decide an amount you can hold for three to five years and split it into two or three purchases.<\/li>\n<li>Review the holding after every quarterly result instead of reacting to daily price moves.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lupin offers both the lowest P\/E on this list at 16.46 and the highest return on equity at 23.76%, and Lupin posted the fastest net profit growth in its latest full year at 62.0%. Among the best under Rs 2300 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 2300 stocks to buy.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Under_Rs_2300_Stocks_to_Buy\"><\/span><strong>Frequently Asked Questions on Under Rs 2300 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_under_Rs_2300_stocks_to_buy_in_November_2026\"><\/span><strong>Which are the best under Rs 2300 stocks to buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The five under Rs 2300 stocks on the November 2026 watchlist are Adani Ports and Special Economic Zone, Nilkamal, Lupin, Happy Forgings and Dr Lal PathLabs. Lupin has both the lowest P\/E at 16.46 and the highest ROE at 23.76%, and Lupin grew net profit 62.0% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Adani_Ports_and_Special_Economic_Zone_a_good_stock_to_buy_from_this_Under_Rs_2300_list\"><\/span><strong>Is Adani Ports and Special Economic Zone a good stock to buy from this Under Rs 2300 list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Adani Ports and Special Economic Zone is the largest company on this list with a market capitalisation of Rs 4,26,232 crore and a P\/E of 31.15 against an industry P\/E of 30.60. Its FY26 revenue rose 26.2% and net profit rose 15.6%, with return on equity at 13.33%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_these_under_Rs_2300_stocks_expensive_right_now\"><\/span><strong>Are these under Rs 2300 stocks expensive right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Valuations vary across the group. Adani Ports and Special Economic Zone trades at a P\/E of 31.15, Nilkamal trades at a P\/E of 18.73, Lupin trades at a P\/E of 16.46, Happy Forgings trades at a P\/E of 51.75, Dr Lal PathLabs trades at a P\/E of 58.78, against industry multiples ranging from 30.60 to 61.50. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_under_Rs_2300_stocks_pay_a_dividend\"><\/span><strong>Which of these under Rs 2300 stocks pay a dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dividend yields on this list are Adani Ports and Special Economic Zone 0.41%, Nilkamal 1.00%, Lupin 0.90%, Happy Forgings 0.22%, Dr Lal PathLabs 1.07%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_stock_on_this_list_has_the_highest_return_on_equity\"><\/span><strong>Which stock on this list has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lupin has the highest ROE on this list at 23.76%, followed by Dr Lal PathLabs at 20.13% and Happy Forgings at 14.17%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_under_Rs_2300_stocks\"><\/span><strong>What are the risks of investing in under Rs 2300 stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are high valuations at two names, export and regulatory exposure in pharma and cargo volume cycles at the port. On this list, Dr Lal PathLabs trades at the highest P\/E of 58.78, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_under_Rs_2300_stocks_in_India\"><\/span><strong>How can I invest in under Rs 2300 stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best under Rs 2300 stocks to buy in November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The five under Rs 2300 stocks on the November 2026 watchlist are Adani Ports and Special Economic Zone, Nilkamal, Lupin, Happy Forgings and Dr Lal PathLabs. Lupin has both the lowest P\/E at 16.46 and the highest ROE at 23.76%, and Lupin grew net profit 62.0% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.\"}},{\"@type\":\"Question\",\"name\":\"Is Adani Ports and Special Economic Zone a good stock to buy from this Under Rs 2300 list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Adani Ports and Special Economic Zone is the largest company on this list with a market capitalisation of Rs 4,26,232 crore and a P\/E of 31.15 against an industry P\/E of 30.60. Its FY26 revenue rose 26.2% and net profit rose 15.6%, with return on equity at 13.33%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.\"}},{\"@type\":\"Question\",\"name\":\"Are these under Rs 2300 stocks expensive right now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Valuations vary across the group. Adani Ports and Special Economic Zone trades at a P\/E of 31.15, Nilkamal trades at a P\/E of 18.73, Lupin trades at a P\/E of 16.46, Happy Forgings trades at a P\/E of 51.75, Dr Lal PathLabs trades at a P\/E of 58.78, against industry multiples ranging from 30.60 to 61.50. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.\"}},{\"@type\":\"Question\",\"name\":\"Which of these under Rs 2300 stocks pay a dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dividend yields on this list are Adani Ports and Special Economic Zone 0.41%, Nilkamal 1.00%, Lupin 0.90%, Happy Forgings 0.22%, Dr Lal PathLabs 1.07%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.\"}},{\"@type\":\"Question\",\"name\":\"Which stock on this list has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lupin has the highest ROE on this list at 23.76%, followed by Dr Lal PathLabs at 20.13% and Happy Forgings at 14.17%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in under Rs 2300 stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are high valuations at two names, export and regulatory exposure in pharma and cargo volume cycles at the port. On this list, Dr Lal PathLabs trades at the highest P\/E of 58.78, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in under Rs 2300 stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Five under Rs 2300 stocks on the November 2026 watchlist with FY26 growth, valuation, ROE, shareholding and risks for Adani Ports, Nilkamal, Lupin, Happy Forgings and Dr Lal.<\/p>\n","protected":false},"author":29,"featured_media":341584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[747,7536,20388,13958,21123],"class_list":["post-341585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-adani-ports","tag-dr-lal-pathlabs","tag-higher-priced-stocks","tag-lupin","tag-stocks-under-2300"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["341584"],"rank_math_title":["Under Rs 2300 Stocks to Buy in Nov 2026: Top 5 Picks"],"rank_math_description":["Under Rs 2300 stocks to buy in November 2026: Adani Ports, Nilkamal, Lupin, Happy Forgings and Dr Lal, with FY26 growth, valuation, ROE and key risks for each."],"rank_math_focus_keyword":["under Rs 2300 stocks to buy"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/under-rs-2300-stocks-to-buy-in-november-2026-5-names-on-the-watchlist.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/341585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=341585"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/341585\/revisions"}],"predecessor-version":[{"id":341586,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/341585\/revisions\/341586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/341584"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=341585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=341585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=341585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}