Under Rs 150 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 150 stocks to buy in November 2026 start with five listed names: Bank of Maharashtra, Indian Overseas Bank, Rashtriya Chemicals and Fertilizers, Lemon Tree Hotels and Paradeep Phosphates. Stocks under Rs 150 are lower-priced shares across public sector banks, fertilisers and hotels, which let investors buy more shares for a given amount.

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 150 stocks to buy to a portfolio. All prices are NSE closing prices of 3 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 150 Stocks to Buy in November 2026?

The best under Rs 150 stocks to buy in November 2026 for a watchlist are Bank of Maharashtra, Indian Overseas Bank, Rashtriya Chemicals and Fertilizers, Lemon Tree Hotels 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
Bank of Maharashtra	80.60	Rs 62,225 crore	7.77	22.53%	1.48%
Indian Overseas Bank	29.32	Rs 56,306 crore	8.45	18.05%	0.00%
Rashtriya Chemicals and Fertilizers	97.37	Rs 5,299 crore	11.87	8.35%	2.44%
Lemon Tree Hotels	114.26	Rs 8,818 crore	29.60	16.32%	0.00%
Paradeep Phosphates	133.85	Rs 14,337 crore	13.38	14.69%	1.09%

On valuation, Bank of Maharashtra, Indian Overseas Bank, Rashtriya Chemicals and Fertilizers, Lemon Tree Hotels and Paradeep Phosphates trade below the industry P/E. Valuation is the first filter for any under Rs 150 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 150 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 two public sector banks, two fertiliser makers and a mid-market hotel chain, all of which closed below Rs 150 on the NSE on 3 November. Investors searching for the best stocks under Rs 150 in India should check earnings growth, valuation and liquidity.

Bank of Maharashtra: The Growing Public Sector Bank Among Under Rs 150 Stocks to Buy

Bank of Maharashtra is a public sector bank with a strong presence in Maharashtra and a growing loan book. At Rs 80.60, the stock has a market capitalisation of Rs 62,225 crore and trades at 7.77 times earnings, while the industry P/E is 11.45.

Reported numbers show FY26 revenue of Rs 32,824 crore, up 15.6% year on year, with net profit at Rs 7,017 crore, up 26.6%. The September 2026 quarter added revenue of Rs 9,736 crore (up 22.1%) and net profit of Rs 2,310 crore (up 41.4%).

Return on equity is 22.53%, and the dividend yield is 1.48%. Promoters hold 73.60%, foreign institutions 6.51% and domestic institutions 13.77% as of September 2026. Domestic institutional holding has risen from 10.05% to 13.77% over the last year.

Indian Overseas Bank: The South India Public Sector Bank Among Under Rs 150 Stocks to Buy

Indian Overseas Bank is a public sector bank with a strong presence in south India. Its market capitalisation is Rs 56,306 crore, the share price is Rs 29.32 and the P/E of 8.45 compares with an industry P/E of 11.45.

Over FY26, net profit rose 59.6% to Rs 5,418 crore on revenue of Rs 37,743 crore, which was up 11.8%. The latest quarter, the September 2026 quarter, brought revenue of Rs 10,428 crore, up 13.1% year on year, and net profit of Rs 1,912 crore, up 55.7%.

Return on equity is 18.05%, and the dividend yield is negligible. Promoters hold 92.44%, foreign institutions 0.48% and domestic institutions 4.17% as of September 2026. Domestic institutional holding has risen from 2.30% to 4.17% over the last year.

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Rashtriya Chemicals and Fertilizers: The Government-Owned Fertiliser Maker Among Under Rs 150 Stocks to Buy

Rashtriya Chemicals and Fertilizers is a government-owned producer of urea and complex fertilisers. The stock trades at Rs 97.37 with a market capitalisation of Rs 5,299 crore and a P/E of 11.87, against an industry P/E of 20.30.

FY26 revenue rose 9.3% to Rs 18,691 crore and net profit rose 76.3% to Rs 427 crore. In the June 2026 quarter, revenue grew 6.2% year on year to Rs 3,621 crore, while net profit grew 35.1% to Rs 73.5 crore.

Return on equity is 8.35%, debt-to-equity is 0.81, and the dividend yield is 2.44%. Promoters hold 75.00%, foreign institutions 1.40% and domestic institutions 0.32% as of September 2026.

Lemon Tree Hotels: The Mid-Market Hotel Chain Among Under Rs 150 Stocks to Buy

Lemon Tree Hotels is a mid-market hotel chain with a large pipeline of properties. At Rs 114.26, 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.

Paradeep Phosphates: The Phosphate Fertiliser Producer Among Under Rs 150 Stocks to Buy

Paradeep Phosphates is a DAP and NPK fertiliser producer based in eastern India. Its market capitalisation is Rs 14,337 crore, the share price is Rs 133.85 and the P/E of 13.38 compares with an industry P/E of 20.30.

Over FY26, net profit rose 50.5% to Rs 996 crore on revenue of Rs 21,973 crore, which was up 28.4%. The latest quarter, the June 2026 quarter, brought revenue of Rs 6,146 crore, up 35.4% year on year, and net profit of Rs 393 crore, up 23.9%.

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 150 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Bank of Maharashtra	15.6%	26.6%	Sep 2026	22.1%	41.4%
Indian Overseas Bank	11.8%	59.6%	Sep 2026	13.1%	55.7%
Rashtriya Chemicals and Fertilizers	9.3%	76.3%	Jun 2026	6.2%	35.1%
Lemon Tree Hotels	12.8%	18.6%	Jun 2026	9.2%	19.2%
Paradeep Phosphates	28.4%	50.5%	Jun 2026	35.4%	23.9%

Factors That Move Under Rs 150 Stocks to Buy

Four factors tend to drive under Rs 150 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Valuation: Compare P/E and P/B, not only price.
• Sector cycles: Banks, fertilisers and hotels follow different drivers.
• Liquidity: Check traded volume before buying.

Risks to Keep in Mind Before Buying Under Rs 150 Stocks

The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that banks, fertilisers and hotels follow different cycles, including loan quality, subsidy timing and travel demand. Check results every quarter.

On the numbers, Lemon Tree Hotels trades at the highest P/E on this list at 29.60, so its earnings need to keep growing to support the price. Under Rs 150 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 150 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Study return ratios: Higher ROE shows efficiency.
• Review sector drivers: Know what moves each business.
• Diversify across sectors: Mix banks, fertilisers and hotels.

How to Invest in Under Rs 150 Stocks

1. Shortlist two or three companies from this list that match your risk appetite.
2. Open the Univest Screener and compare P/E, ROE and debt for each stock.
3. Check the latest quarterly results and shareholding pattern on NSE or BSE.
4. Decide an amount you can hold for three to five years and split it into two or three purchases.
5. Review the holding after every quarterly result instead of reacting to daily price moves.

Conclusion

Bank of Maharashtra offers both the lowest P/E on this list at 7.77 and the highest return on equity at 22.53%, and Rashtriya Chemicals and Fertilizers posted the fastest net profit growth in its latest full year at 76.3%. Among the best under Rs 150 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 150 stocks to buy.

Frequently Asked Questions on Under Rs 150 Stocks to Buy

Which are the best under Rs 150 stocks to buy in November 2026?

Ans. The five under Rs 150 stocks on the November 2026 watchlist are Bank of Maharashtra, Indian Overseas Bank, Rashtriya Chemicals and Fertilizers, Lemon Tree Hotels and Paradeep Phosphates. Bank of Maharashtra has both the lowest P/E at 7.77 and the highest ROE at 22.53%, and Rashtriya Chemicals and Fertilizers grew net profit 76.3% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Bank of Maharashtra a good stock to buy from this Under Rs 150 list?

Ans. Bank of Maharashtra is the largest company on this list with a market capitalisation of Rs 62,225 crore and a P/E of 7.77 against an industry P/E of 11.45. Its FY26 revenue rose 15.6% and net profit rose 26.6%, with return on equity at 22.53%. 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 150 stocks expensive right now?

Ans. Valuations vary across the group. Bank of Maharashtra trades at a P/E of 7.77, Indian Overseas Bank trades at a P/E of 8.45, Rashtriya Chemicals and Fertilizers trades at a P/E of 11.87, Lemon Tree Hotels trades at a P/E of 29.60, Paradeep Phosphates trades at a P/E of 13.38, against industry multiples ranging from 11.45 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 150 stocks pay a dividend?

Ans. Dividend yields on this list are Bank of Maharashtra 1.48%, Rashtriya Chemicals and Fertilizers 2.44%, 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. Bank of Maharashtra has the highest ROE on this list at 22.53%, followed by Indian Overseas Bank at 18.05% and Lemon Tree Hotels at 16.32%. 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 150 stocks?

Ans. The main risks are low prices that say little about value, sector cycles and liquidity gaps. On this list, Lemon Tree Hotels trades at the highest P/E of 29.60, 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 150 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.