Under Rs 168 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 168 stocks to buy in November 2026 start with five listed names: Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, Inox Green Energy Services, Lemon Tree Hotels and Rashtriya Chemicals and Fertilizers. Stocks under Rs 168 include a port operator, two fertiliser makers, a wind energy services company and a hotel chain, priced from about Rs 108 to Rs 168.

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 168 stocks to buy to a portfolio. All prices are NSE closing prices of 12 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 168 Stocks to Buy in November 2026?

The best under Rs 168 stocks to buy in November 2026 for a watchlist are Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, Inox Green Energy Services, Lemon Tree Hotels and Rashtriya Chemicals and Fertilizers. 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
Gujarat Pipavav Port	167.56	Rs 7,853 crore	14.05	21.57%	6.40%
Gujarat State Fertilizers and Chemicals	147.43	Rs 5,435 crore	7.84	5.48%	3.67%
Inox Green Energy Services	116.69	Rs 4,486 crore	36.86	6.00%	0.00%
Lemon Tree Hotels	120.41	Rs 8,818 crore	29.60	16.32%	0.00%
Rashtriya Chemicals and Fertilizers	107.92	Rs 5,299 crore	11.87	8.35%	2.44%

On valuation, Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, Lemon Tree Hotels and Rashtriya Chemicals and Fertilizers trade below the industry P/E; Inox Green Energy Services sits close to it. Valuation is the first filter for any under Rs 168 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 168 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 port operator on the Gujarat coast, two fertiliser and chemicals makers, a wind turbine operations and maintenance company and a mid-market hotel chain, all of which closed below Rs 168 on the NSE on 12 November. Investors searching for the best stocks under Rs 168 in India should check earnings, valuation and debt.

Gujarat Pipavav Port: The Container Port Operator Among Under Rs 168 Stocks to Buy

Gujarat Pipavav Port is a port operator at Pipavav in Gujarat handling containers and bulk cargo. Its market capitalisation is Rs 7,853 crore, the share price is Rs 167.56 and the P/E of 14.05 compares with an industry P/E of 30.60.

Over FY26, net profit rose 29.8% to Rs 515 crore on revenue of Rs 1,232 crore, which was up 15.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 347 crore, up 28.0% year on year, and net profit of Rs 148 crore, up 41.8%.

Return on equity is 21.57%, debt-to-equity is 0.02, and the dividend yield is 6.40%. Promoters hold 44.01%, foreign institutions 23.23% and domestic institutions 13.09% as of September 2026. Foreign institutional holding has risen from 19.82% to 23.23% over the last year.

Gujarat State Fertilizers and Chemicals: The Gujarat Fertiliser and Chemicals Name Among Under Rs 168 Stocks to Buy

Gujarat State Fertilizers and Chemicals is a Gujarat-based maker of fertilisers and industrial chemicals. The stock trades at Rs 147.43 with a market capitalisation of Rs 5,435 crore and a P/E of 7.84, against an industry P/E of 20.30.

FY26 revenue rose 13.9% to Rs 11,222 crore and net profit rose 13.8% to Rs 673 crore. In the June 2026 quarter, revenue grew 62.5% year on year to Rs 3,617 crore, while net profit grew 14.4% to Rs 159 crore.

Return on equity is 5.48%, debt-to-equity is 0.00, and the dividend yield is 3.67%. Promoters hold 37.84%, foreign institutions 12.52% and domestic institutions 5.83% as of September 2026. A point to keep in view: return on equity is a modest 5.48%.

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Inox Green Energy Services: The Wind Services Name Among Under Rs 168 Stocks to Buy

Inox Green Energy Services is a wind turbine operations and maintenance services company. At Rs 116.69, the stock has a market capitalisation of Rs 4,486 crore and trades at 36.86 times earnings, while the industry P/E is 34.61.

Reported numbers show FY26 revenue of Rs 426 crore, up 69.1% year on year, with net profit at Rs 104 crore, up 189.9%. The June 2026 quarter added revenue of Rs 101 crore (up 3.5%) and net profit of Rs 40.8 crore (up 82.2%).

Return on equity is 6.00%, debt-to-equity is 0.05, and the dividend yield is negligible. Promoters hold 53.70%, foreign institutions 8.18% and domestic institutions 1.93% as of September 2026. A point to keep in view: return on equity is a modest 6.00%.

Lemon Tree Hotels: The Mid-Market Hotel Chain Among Under Rs 168 Stocks to Buy

Lemon Tree Hotels is a mid-market hotel chain with a large pipeline of properties. Its market capitalisation is Rs 8,818 crore, the share price is Rs 120.41 and the P/E of 29.60 compares with an industry P/E of 37.59.

Over FY26, net profit rose 18.6% to Rs 288 crore on revenue of Rs 1,465 crore, which was up 12.8%. The latest quarter, the June 2026 quarter, brought revenue of Rs 347 crore, up 9.2% year on year, 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. A point to keep in view: debt is higher than most names on this list.

Rashtriya Chemicals and Fertilizers: The Government-Owned Fertiliser Maker Among Under Rs 168 Stocks to Buy

Rashtriya Chemicals and Fertilizers is a government-owned producer of urea and complex fertilisers. The stock trades at Rs 107.92 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. A point to keep in view: debt is higher than most names on this list.

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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 168 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Gujarat Pipavav Port	15.2%	29.8%	Jun 2026	28.0%	41.8%
Gujarat State Fertilizers and Chemicals	13.9%	13.8%	Jun 2026	62.5%	14.4%
Inox Green Energy Services	69.1%	189.9%	Jun 2026	3.5%	82.2%
Lemon Tree Hotels	12.8%	18.6%	Jun 2026	9.2%	19.2%
Rashtriya Chemicals and Fertilizers	9.3%	76.3%	Jun 2026	6.2%	35.1%

Factors That Move Under Rs 168 Stocks to Buy

Four factors tend to drive under Rs 168 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Ports, fertilisers, wind services and hotels differ.
• Dividends: Gujarat Pipavav Port yields about 6.4%.
• Valuation: P/E runs from about 8 to 37.

Risks to Keep in Mind Before Buying Under Rs 168 Stocks

The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that Inox Green Energy Services trades at a P/E near 37 while Gujarat State Fertilizers and Chemicals trades near 8, and Lemon Tree Hotels carries the highest borrowings of the five. Check results every quarter.

On the numbers, Inox Green Energy Services trades at the highest P/E on this list at 36.86, so its earnings need to keep growing to support the price. Under Rs 168 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 168 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Gujarat State Fertilizers and Chemicals trades lowest.
• Read ROE: Gujarat Pipavav Port leads.
• Diversify: Spread across the four sectors.

How to Invest in Under Rs 168 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

Gujarat State Fertilizers and Chemicals offers the lowest P/E on this list at 7.84, Gujarat Pipavav Port has the highest return on equity at 21.57%, and Inox Green Energy Services posted the fastest net profit growth in its latest full year at 189.9%. Among the best under Rs 168 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 168 stocks to buy.

Frequently Asked Questions on Under Rs 168 Stocks to Buy

Which are the best under Rs 168 stocks to buy in November 2026?

Ans. The five under Rs 168 stocks on the November 2026 watchlist are Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, Inox Green Energy Services, Lemon Tree Hotels and Rashtriya Chemicals and Fertilizers. Gujarat State Fertilizers and Chemicals has the lowest P/E at 7.84, Gujarat Pipavav Port has the highest ROE at 21.57%, and Inox Green Energy Services grew net profit 189.9% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Lemon Tree Hotels a good stock to buy from this Under Rs 168 list?

Ans. Lemon Tree Hotels is the largest company on this list with a market capitalisation of Rs 8,818 crore and a P/E of 29.60 against an industry P/E of 37.59. Its FY26 revenue rose 12.8% and net profit rose 18.6%, with return on equity at 16.32%. 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 168 stocks expensive right now?

Ans. Valuations vary across the group. Gujarat Pipavav Port trades at a P/E of 14.05, Gujarat State Fertilizers and Chemicals trades at a P/E of 7.84, Inox Green Energy Services trades at a P/E of 36.86, Lemon Tree Hotels trades at a P/E of 29.60, Rashtriya Chemicals and Fertilizers trades at a P/E of 11.87, against industry multiples ranging from 20.30 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 168 stocks pay a dividend?

Ans. Dividend yields on this list are Gujarat Pipavav Port 6.40%, Gujarat State Fertilizers and Chemicals 3.67%, Rashtriya Chemicals and Fertilizers 2.44%. 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. Gujarat Pipavav Port has the highest ROE on this list at 21.57%, followed by Lemon Tree Hotels at 16.32% and Rashtriya Chemicals and Fertilizers at 8.35%. 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 168 stocks?

Ans. The main risks are low prices that say little about value, subsidy timing for fertilisers and thin trading at the smallest company. On this list, Inox Green Energy Services trades at the highest P/E of 36.86, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in under Rs 168 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.