{"id":343826,"date":"2026-11-11T13:25:36","date_gmt":"2026-11-11T07:55:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343826"},"modified":"2026-11-11T13:25:36","modified_gmt":"2026-11-11T07:55:36","slug":"under-rs-940-stocks-to-buy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/under-rs-940-stocks-to-buy\/","title":{"rendered":"Under Rs 940 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 Total Gas Rs 574.95. CG Power Rs 800.00. Globus Spirits Rs 700.10. JBM Auto Rs 501.90. Metro Brands Rs 827.75. NSE closing prices, 9 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 940 stocks to buy on the November 2026 watchlist are Adani Total Gas, CG Power and Industrial Solutions, Globus Spirits, JBM Auto and Metro Brands. All five grew revenue in their latest full year, and all five also grew net profit. Globus Spirits has the lowest P\/E at 23.28, while Metro Brands leads on return on equity at 19.82%. Check each valuation against your own risk appetite before acting.<\/p>\n<\/p><\/div>\n<p>The under Rs 940 stocks to buy in November 2026 start with five listed names: Adani Total Gas, CG Power and Industrial Solutions, Globus Spirits, JBM Auto and Metro Brands. Stocks under Rs 940 include a city gas distributor, an electrical equipment maker, a spirits and ethanol company, an auto components and bus maker and a footwear retailer, priced from about Rs 502 to Rs 828.<\/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 940 stocks to buy to a portfolio. All prices are NSE closing prices of 9 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-940-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-940-stocks-to-buy\/#Which_Are_the_Best_Under_Rs_940_Stocks_to_Buy_in_November_2026\" title=\"Which Are the Best Under Rs 940 Stocks to Buy in November 2026?\">Which Are the Best Under Rs 940 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-940-stocks-to-buy\/#Why_These_Under_Rs_940_Stocks_to_Buy_Are_in_Focus\" title=\"Why These Under Rs 940 Stocks to Buy Are in Focus\">Why These Under Rs 940 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-940-stocks-to-buy\/#Adani_Total_Gas_The_City_Gas_Distributor_Among_Under_Rs_940_Stocks_to_Buy\" title=\"Adani Total Gas: The City Gas Distributor Among Under Rs 940 Stocks to Buy\">Adani Total Gas: The City Gas Distributor Among Under Rs 940 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-940-stocks-to-buy\/#CG_Power_and_Industrial_Solutions_The_Power_Equipment_Maker_Among_Under_Rs_940_Stocks_to_Buy\" title=\"CG Power and Industrial Solutions: The Power Equipment Maker Among Under Rs 940 Stocks to Buy\">CG Power and Industrial Solutions: The Power Equipment Maker Among Under Rs 940 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-940-stocks-to-buy\/#Globus_Spirits_A_Distillery_With_Ethanol_Exposure_Among_Under_Rs_940_Stocks_to_Buy\" title=\"Globus Spirits: A Distillery With Ethanol Exposure Among Under Rs 940 Stocks to Buy\">Globus Spirits: A Distillery With Ethanol Exposure Among Under Rs 940 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-940-stocks-to-buy\/#JBM_Auto_The_Components_and_Bus_Maker_Among_Under_Rs_940_Stocks_to_Buy\" title=\"JBM Auto: The Components and Bus Maker Among Under Rs 940 Stocks to Buy\">JBM Auto: The Components and Bus Maker Among Under Rs 940 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-940-stocks-to-buy\/#Metro_Brands_The_Footwear_Retailer_Among_Under_Rs_940_Stocks_to_Buy\" title=\"Metro Brands: The Footwear Retailer Among Under Rs 940 Stocks to Buy\">Metro Brands: The Footwear Retailer Among Under Rs 940 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-940-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-940-stocks-to-buy\/#Factors_That_Move_Under_Rs_940_Stocks_to_Buy\" title=\"Factors That Move Under Rs 940 Stocks to Buy\">Factors That Move Under Rs 940 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-940-stocks-to-buy\/#Risks_to_Keep_in_Mind_Before_Buying_Under_Rs_940_Stocks\" title=\"Risks to Keep in Mind Before Buying Under Rs 940 Stocks\">Risks to Keep in Mind Before Buying Under Rs 940 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-940-stocks-to-buy\/#How_to_Choose_Under_Rs_940_Stocks_to_Buy\" title=\"How to Choose Under Rs 940 Stocks to Buy\">How to Choose Under Rs 940 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-940-stocks-to-buy\/#How_to_Invest_in_Under_Rs_940_Stocks\" title=\"How to Invest in Under Rs 940 Stocks\">How to Invest in Under Rs 940 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-940-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-940-stocks-to-buy\/#Frequently_Asked_Questions_on_Under_Rs_940_Stocks_to_Buy\" title=\"Frequently Asked Questions on Under Rs 940 Stocks to Buy\">Frequently Asked Questions on Under Rs 940 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-940-stocks-to-buy\/#Which_are_the_best_under_Rs_940_stocks_to_buy_in_November_2026\" title=\"Which are the best under Rs 940 stocks to buy in November 2026?\">Which are the best under Rs 940 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-940-stocks-to-buy\/#Is_CG_Power_and_Industrial_Solutions_a_good_stock_to_buy_from_this_Under_Rs_940_list\" title=\"Is CG Power and Industrial Solutions a good stock to buy from this Under Rs 940 list?\">Is CG Power and Industrial Solutions a good stock to buy from this Under Rs 940 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-940-stocks-to-buy\/#Are_these_under_Rs_940_stocks_expensive_right_now\" title=\"Are these under Rs 940 stocks expensive right now?\">Are these under Rs 940 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-940-stocks-to-buy\/#Which_of_these_under_Rs_940_stocks_pay_a_dividend\" title=\"Which of these under Rs 940 stocks pay a dividend?\">Which of these under Rs 940 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-940-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-940-stocks-to-buy\/#What_are_the_risks_of_investing_in_under_Rs_940_stocks\" title=\"What are the risks of investing in under Rs 940 stocks?\">What are the risks of investing in under Rs 940 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-940-stocks-to-buy\/#How_can_I_invest_in_under_Rs_940_stocks_in_India\" title=\"How can I invest in under Rs 940 stocks in India?\">How can I invest in under Rs 940 stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Which_Are_the_Best_Under_Rs_940_Stocks_to_Buy_in_November_2026\"><\/span><strong>Which Are the Best Under Rs 940 Stocks to Buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best under Rs 940 stocks to buy in November 2026 for a watchlist are Adani Total Gas, CG Power and Industrial Solutions, Globus Spirits, JBM Auto and Metro Brands. 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\/atgl\/adani-total-gas-ltd-share-price-today\">Adani Total Gas<\/a><\/td>\n<td>574.95<\/td>\n<td>Rs 60,160 crore<\/td>\n<td>93.66<\/td>\n<td>12.40%<\/td>\n<td>0.05%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/cgpower\/cg-power-and-industrial-solutions-ltd-share-price-today\">CG Power and Industrial Solutions<\/a><\/td>\n<td>800.00<\/td>\n<td>Rs 1,31,221 crore<\/td>\n<td>96.18<\/td>\n<td>15.74%<\/td>\n<td>0.16%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/globusspr\/globus-spirits-ltd-share-price-today\">Globus Spirits<\/a><\/td>\n<td>700.10<\/td>\n<td>Rs 2,324 crore<\/td>\n<td>23.28<\/td>\n<td>8.41%<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/jbma\/jbm-auto-ltd-share-price-today\">JBM Auto<\/a><\/td>\n<td>501.90<\/td>\n<td>Rs 11,549 crore<\/td>\n<td>46.33<\/td>\n<td>14.21%<\/td>\n<td>0.17%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/metrobrand\/metro-brands-ltd-share-price-today\">Metro Brands<\/a><\/td>\n<td>827.75<\/td>\n<td>Rs 22,392 crore<\/td>\n<td>53.23<\/td>\n<td>19.82%<\/td>\n<td>0.73%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On valuation, Globus Spirits trades below the industry P\/E; Adani Total Gas, CG Power and Industrial Solutions, JBM Auto and Metro Brands carry a premium. Valuation is the first filter for any under Rs 940 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_940_Stocks_to_Buy_Are_in_Focus\"><\/span><strong>Why These Under Rs 940 Stocks to Buy Are in Focus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A mid-range share price does not mean a stock is inexpensive, because value depends on earnings and the number of shares. The list covers a city gas distributor, an electrical equipment maker, a maker of spirits and ethanol, an auto components and bus manufacturer and a footwear retailer, all of which closed below Rs 940 on the NSE on 9 November. Investors searching for the best stocks under Rs 940 in India should check earnings, valuation and debt.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Total_Gas_The_City_Gas_Distributor_Among_Under_Rs_940_Stocks_to_Buy\"><\/span><strong>Adani Total Gas: The City Gas Distributor Among Under Rs 940 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Adani Total Gas is a city gas distribution company, a joint venture between Adani and TotalEnergies. Its market capitalisation is Rs 60,160 crore, the share price is Rs 574.95 and the P\/E of 93.66 compares with an industry P\/E of 13.88.<\/p>\n<p>Over FY26, net profit rose 0.2% to Rs 656 crore on revenue of Rs 5,932 crore, which was up 17.9%. The latest quarter, the September 2026 quarter, brought revenue of Rs 2,124 crore, up 34.0% year on year, and net profit of Rs 173 crore, up 6.0%.<\/p>\n<p>Return on equity is 12.40%, debt-to-equity is 0.47, and the dividend yield is 0.05%. Promoters hold 74.80%, foreign institutions 12.84% and domestic institutions 6.38% as of September 2026. A point to keep in view: at a P\/E of 93.66, expectations are already high.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CG_Power_and_Industrial_Solutions_The_Power_Equipment_Maker_Among_Under_Rs_940_Stocks_to_Buy\"><\/span><strong>CG Power and Industrial Solutions: The Power Equipment Maker Among Under Rs 940 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CG Power and Industrial Solutions is a maker of transformers, motors and power systems in the Murugappa Group. The stock trades at Rs 800.00 with a market capitalisation of Rs 1,31,221 crore and a P\/E of 96.18, against an industry P\/E of 41.42.<\/p>\n<p>FY26 revenue rose 25.7% to Rs 12,662 crore and net profit rose 23.0% to Rs 1,197 crore. In the September 2026 quarter, revenue grew 29.9% year on year to Rs 3,883 crore, while net profit grew 43.8% to Rs 409 crore.<\/p>\n<p>Return on equity is 15.74%, debt-to-equity is 0.02, and the dividend yield is 0.16%. Promoters hold 56.34%, foreign institutions 11.08% and domestic institutions 19.02% as of September 2026. Domestic institutional holding has risen from 16.26% to 19.02% over the last year. A point to keep in view: at a P\/E of 96.18, expectations are already high.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Under Rs 940 Stocks Live on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Globus_Spirits_A_Distillery_With_Ethanol_Exposure_Among_Under_Rs_940_Stocks_to_Buy\"><\/span><strong>Globus Spirits: A Distillery With Ethanol Exposure Among Under Rs 940 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Globus Spirits is a distiller producing grain-based neutral spirits, bottled brands and ethanol. At Rs 700.10, the stock has a market capitalisation of Rs 2,324 crore and trades at 23.28 times earnings, while the industry P\/E is 49.38.<\/p>\n<p>Reported numbers show FY26 revenue of Rs 2,723 crore, up 6.9% year on year, with net profit at Rs 91.0 crore, up 315.4%. The June 2026 quarter added revenue of Rs 1,154 crore (up 20.9%) and net profit of Rs 27.3 crore (up 50.7%).<\/p>\n<p>Return on equity is 8.41%, debt-to-equity is 0.48, and the dividend yield is negligible. Promoters hold 46.74%, foreign institutions 13.58% and domestic institutions 8.58% as of September 2026. Foreign institutional holding has risen from 6.47% to 13.58% over the last year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"JBM_Auto_The_Components_and_Bus_Maker_Among_Under_Rs_940_Stocks_to_Buy\"><\/span><strong>JBM Auto: The Components and Bus Maker Among Under Rs 940 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>JBM Auto is a maker of auto components and buses, including electric buses. Its market capitalisation is Rs 11,549 crore, the share price is Rs 501.90 and the P\/E of 46.33 compares with an industry P\/E of 36.71.<\/p>\n<p>Over FY26, net profit rose 10.9% to Rs 238 crore on revenue of Rs 6,227 crore, which was up 12.7%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,667 crore, up 18.4% year on year, and net profit of Rs 61.3 crore, up 11.0%.<\/p>\n<p>Return on equity is 14.21%, debt-to-equity is 1.78, and the dividend yield is 0.17%. Promoters hold 67.53%, foreign institutions 1.93% and domestic institutions 0.13% as of September 2026. A point to keep in view: debt is higher than most names on this list.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Metro_Brands_The_Footwear_Retailer_Among_Under_Rs_940_Stocks_to_Buy\"><\/span><strong>Metro Brands: The Footwear Retailer Among Under Rs 940 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Metro Brands is a footwear retailer with Metro, Mochi and Walkway stores. The stock trades at Rs 827.75 with a market capitalisation of Rs 22,392 crore and a P\/E of 53.23, against an industry P\/E of 36.24.<\/p>\n<p>FY26 revenue rose 14.1% to Rs 2,968 crore and net profit rose 17.3% to Rs 416 crore. In the September 2026 quarter, revenue grew 10.9% year on year to Rs 753 crore, while net profit grew 12.0% to Rs 77.3 crore.<\/p>\n<p>Return on equity is 19.82%, debt-to-equity is 0.76, and the dividend yield is 0.73%. Promoters hold 71.78%, foreign institutions 2.76% and domestic institutions 8.66% as of September 2026. Domestic institutional holding has risen from 7.36% to 8.66% 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 940 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 940 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 Total Gas<\/td>\n<td>17.9%<\/td>\n<td>0.2%<\/td>\n<td>Sep 2026<\/td>\n<td>34.0%<\/td>\n<td>6.0%<\/td>\n<\/tr>\n<tr>\n<td>CG Power and Industrial Solutions<\/td>\n<td>25.7%<\/td>\n<td>23.0%<\/td>\n<td>Sep 2026<\/td>\n<td>29.9%<\/td>\n<td>43.8%<\/td>\n<\/tr>\n<tr>\n<td>Globus Spirits<\/td>\n<td>6.9%<\/td>\n<td>315.4%<\/td>\n<td>Jun 2026<\/td>\n<td>20.9%<\/td>\n<td>50.7%<\/td>\n<\/tr>\n<tr>\n<td>JBM Auto<\/td>\n<td>12.7%<\/td>\n<td>10.9%<\/td>\n<td>Sep 2026<\/td>\n<td>18.4%<\/td>\n<td>11.0%<\/td>\n<\/tr>\n<tr>\n<td>Metro Brands<\/td>\n<td>14.1%<\/td>\n<td>17.3%<\/td>\n<td>Sep 2026<\/td>\n<td>10.9%<\/td>\n<td>12.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Factors_That_Move_Under_Rs_940_Stocks_to_Buy\"><\/span><strong>Factors That Move Under Rs 940 Stocks to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four factors tend to drive under Rs 940 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> Gas, electricals, spirits, auto parts and footwear differ.<\/li>\n<li><strong>Dividends:<\/strong> Metro Brands yields about 0.7%.<\/li>\n<li><strong>Valuation:<\/strong> P\/E runs from about 23 to 96.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Keep_in_Mind_Before_Buying_Under_Rs_940_Stocks\"><\/span><strong>Risks to Keep in Mind Before Buying Under Rs 940 Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first risk is that a mid-range share price says little about value, so earnings and valuation matter more. The second is that CG Power and Industrial Solutions trades at a P\/E near 96 and Adani Total Gas near 94, while Globus Spirits trades near 23 and is valued at only about Rs 2,300 crore. Check results every quarter.<\/p>\n<p>On the numbers, CG Power and Industrial Solutions trades at the highest P\/E on this list at 96.18, so its earnings need to keep growing to support the price. Under Rs 940 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_940_Stocks_to_Buy\"><\/span><strong>How to Choose Under Rs 940 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> Globus Spirits trades lowest.<\/li>\n<li><strong>Read ROE:<\/strong> Metro Brands leads.<\/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_940_Stocks\"><\/span><strong>How to Invest in Under Rs 940 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>Globus Spirits offers the lowest P\/E on this list at 23.28, Metro Brands has the highest return on equity at 19.82%, and Globus Spirits posted the fastest net profit growth in its latest full year at 315.4%. Among the best under Rs 940 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 940 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_940_Stocks_to_Buy\"><\/span><strong>Frequently Asked Questions on Under Rs 940 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_940_stocks_to_buy_in_November_2026\"><\/span><strong>Which are the best under Rs 940 stocks to buy in November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The five under Rs 940 stocks on the November 2026 watchlist are Adani Total Gas, CG Power and Industrial Solutions, Globus Spirits, JBM Auto and Metro Brands. Globus Spirits has the lowest P\/E at 23.28, Metro Brands has the highest ROE at 19.82%, and Globus Spirits grew net profit 315.4% 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_CG_Power_and_Industrial_Solutions_a_good_stock_to_buy_from_this_Under_Rs_940_list\"><\/span><strong>Is CG Power and Industrial Solutions a good stock to buy from this Under Rs 940 list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CG Power and Industrial Solutions is the largest company on this list with a market capitalisation of Rs 1,31,221 crore and a P\/E of 96.18 against an industry P\/E of 41.42. Its FY26 revenue rose 25.7% and net profit rose 23.0%, with return on equity at 15.74%. 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_940_stocks_expensive_right_now\"><\/span><strong>Are these under Rs 940 stocks expensive right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Valuations vary across the group. Adani Total Gas trades at a P\/E of 93.66, CG Power and Industrial Solutions trades at a P\/E of 96.18, Globus Spirits trades at a P\/E of 23.28, JBM Auto trades at a P\/E of 46.33, Metro Brands trades at a P\/E of 53.23, against industry multiples ranging from 13.88 to 49.38. 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_940_stocks_pay_a_dividend\"><\/span><strong>Which of these under Rs 940 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 Total Gas 0.05%, CG Power and Industrial Solutions 0.16%, JBM Auto 0.17%, Metro Brands 0.73%. 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> Metro Brands has the highest ROE on this list at 19.82%, followed by CG Power and Industrial Solutions at 15.74% and JBM Auto at 14.21%. 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_940_stocks\"><\/span><strong>What are the risks of investing in under Rs 940 stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are mid-range prices that say little about value, very high valuations at two names and borrowings at the bus maker. On this list, CG Power and Industrial Solutions trades at the highest P\/E of 96.18, 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_940_stocks_in_India\"><\/span><strong>How can I invest in under Rs 940 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 940 stocks to buy in November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The five under Rs 940 stocks on the November 2026 watchlist are Adani Total Gas, CG Power and Industrial Solutions, Globus Spirits, JBM Auto and Metro Brands. Globus Spirits has the lowest P\/E at 23.28, Metro Brands has the highest ROE at 19.82%, and Globus Spirits grew net profit 315.4% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.\"}},{\"@type\":\"Question\",\"name\":\"Is CG Power and Industrial Solutions a good stock to buy from this Under Rs 940 list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"CG Power and Industrial Solutions is the largest company on this list with a market capitalisation of Rs 1,31,221 crore and a P\/E of 96.18 against an industry P\/E of 41.42. Its FY26 revenue rose 25.7% and net profit rose 23.0%, with return on equity at 15.74%. 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 940 stocks expensive right now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Valuations vary across the group. Adani Total Gas trades at a P\/E of 93.66, CG Power and Industrial Solutions trades at a P\/E of 96.18, Globus Spirits trades at a P\/E of 23.28, JBM Auto trades at a P\/E of 46.33, Metro Brands trades at a P\/E of 53.23, against industry multiples ranging from 13.88 to 49.38. 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 940 stocks pay a dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dividend yields on this list are Adani Total Gas 0.05%, CG Power and Industrial Solutions 0.16%, JBM Auto 0.17%, Metro Brands 0.73%. 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\":\"Metro Brands has the highest ROE on this list at 19.82%, followed by CG Power and Industrial Solutions at 15.74% and JBM Auto at 14.21%. 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 940 stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are mid-range prices that say little about value, very high valuations at two names and borrowings at the bus maker. On this list, CG Power and Industrial Solutions trades at the highest P\/E of 96.18, 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 940 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 940 stocks on the November 2026 watchlist with FY26 growth, valuation, ROE, shareholding and risks for Adani Total Gas, CG Power, Globus Spirits, JBM Auto and Metro Brands.<\/p>\n","protected":false},"author":34,"featured_media":343825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[6178,7046,7225,19452,22241],"class_list":["post-343826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-adani-total-gas","tag-cg-power","tag-metro-brands","tag-mid-priced-stocks","tag-stocks-under-940"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343825"],"rank_math_title":["Under Rs 940 Stocks to Buy in Nov 2026: Top 5 Picks"],"rank_math_description":["Under Rs 940 stocks to buy in November 2026: Adani Total Gas, CG Power, Globus Spirits and JBM Auto, with FY26 growth, valuation, ROE and key risks for each."],"rank_math_focus_keyword":["under Rs 940 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-940-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\/343826","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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=343826"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343826\/revisions"}],"predecessor-version":[{"id":343827,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343826\/revisions\/343827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/343825"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=343826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=343826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=343826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}