Under Rs 220 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 220 stocks to buy in November 2026 start with five listed names: Gujarat State Fertilizers and Chemicals, Lemon Tree Hotels, Rashtriya Chemicals and Fertilizers, Time Technoplast and Union Bank of India. Stocks under Rs 220 include two fertiliser makers, a hotel company, a plastic products maker and a public sector bank, priced from about Rs 108 to Rs 204.

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 220 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 220 Stocks to Buy in November 2026?

The best under Rs 220 stocks to buy in November 2026 for a watchlist are Gujarat State Fertilizers and Chemicals, Lemon Tree Hotels, Rashtriya Chemicals and Fertilizers, Time Technoplast and Union Bank of India. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.

Company	CMP (Rs)	Market Cap	P/E	ROE	Dividend Yield
Gujarat State Fertilizers and Chemicals	147.43	Rs 5,435 crore	7.84	5.48%	3.67%
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%
Time Technoplast	193.60	Rs 8,031 crore	16.12	11.46%	0.92%
Union Bank of India	204.40	Rs 1,42,100 crore	6.46	16.05%	2.69%

On valuation, Gujarat State Fertilizers and Chemicals, Lemon Tree Hotels, Rashtriya Chemicals and Fertilizers, Time Technoplast and Union Bank of India trade below the industry P/E. Valuation is the first filter for any under Rs 220 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 220 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 fertiliser and chemicals makers, a mid-priced hotel chain, a maker of polymer and composite products and a large public sector bank, all of which closed below Rs 220 on the NSE on 12 November. Investors searching for the best stocks under Rs 220 in India should check earnings, valuation and debt.

Gujarat State Fertilizers and Chemicals: The Gujarat Fertiliser and Chemicals Name Among Under Rs 220 Stocks to Buy

Gujarat State Fertilizers and Chemicals is a Gujarat-based maker of fertilisers and industrial chemicals. Its market capitalisation is Rs 5,435 crore, the share price is Rs 147.43 and the P/E of 7.84 compares with an industry P/E of 20.30.

Over FY26, net profit rose 13.8% to Rs 673 crore on revenue of Rs 11,222 crore, which was up 13.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 3,617 crore, up 62.5% year on year, and net profit of Rs 159 crore, up 14.4%.

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%.

Lemon Tree Hotels: The Mid-Market Hotel Chain Among Under Rs 220 Stocks to Buy

Lemon Tree Hotels is a mid-market hotel chain with a large pipeline of properties. The stock trades at Rs 120.41 with a market capitalisation of Rs 8,818 crore and a P/E of 29.60, against an industry P/E of 37.59.

FY26 revenue rose 12.8% to Rs 1,465 crore and net profit rose 18.6% to Rs 288 crore. In the June 2026 quarter, revenue grew 9.2% year on year to Rs 347 crore, while net profit grew 19.2% to Rs 57.3 crore.

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.

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Rashtriya Chemicals and Fertilizers: The Government-Owned Fertiliser Maker Among Under Rs 220 Stocks to Buy

Rashtriya Chemicals and Fertilizers is a government-owned producer of urea and complex fertilisers. At Rs 107.92, the stock has a market capitalisation of Rs 5,299 crore and trades at 11.87 times earnings, while the industry P/E is 20.30.

Reported numbers show FY26 revenue of Rs 18,691 crore, up 9.3% year on year, with net profit at Rs 427 crore, up 76.3%. The June 2026 quarter added revenue of Rs 3,621 crore (up 6.2%) and net profit of Rs 73.5 crore (up 35.1%).

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.

Time Technoplast: The Industrial Polymer Maker Among Under Rs 220 Stocks to Buy

Time Technoplast is a maker of industrial packaging, composite cylinders and other polymer products. Its market capitalisation is Rs 8,031 crore, the share price is Rs 193.60 and the P/E of 16.12 compares with an industry P/E of 33.18.

Over FY26, net profit rose 20.8% to Rs 477 crore on revenue of Rs 6,114 crore, which was up 11.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,694 crore, up 25.1% year on year, and net profit of Rs 118 crore, up 22.1%.

Return on equity is 11.46%, debt-to-equity is 0.18, and the dividend yield is 0.92%. Promoters hold 47.47%, foreign institutions 9.16% and domestic institutions 17.85% as of September 2026. Domestic institutional holding has risen from 16.63% to 17.85% over the last year.

Union Bank of India: The Public Sector Lender Among Under Rs 220 Stocks to Buy

Union Bank of India is a large public sector bank with a pan-India branch network. The stock trades at Rs 204.40 with a market capitalisation of Rs 1,42,100 crore and a P/E of 6.46, against an industry P/E of 11.45.

FY26 revenue rose 0.2% to Rs 1,28,400 crore and net profit rose 4.8% to Rs 18,781 crore. In the September 2026 quarter, revenue grew 5.4% year on year to Rs 33,471 crore, while net profit grew 30.1% to Rs 5,570 crore.

Return on equity is 16.05%, and the dividend yield is 2.69%. Promoters hold 74.76%, foreign institutions 9.40% and domestic institutions 11.64% as of September 2026. Foreign institutional holding has risen from 7.86% to 9.40% over the last year.

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Growth Snapshot: Latest Full Year and Latest Quarter

The table compares year-on-year growth in revenue and net profit for all five under Rs 220 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Gujarat State Fertilizers and Chemicals	13.9%	13.8%	Jun 2026	62.5%	14.4%
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%
Time Technoplast	11.9%	20.8%	Jun 2026	25.1%	22.1%
Union Bank of India	0.2%	4.8%	Sep 2026	5.4%	30.1%

Factors That Move Under Rs 220 Stocks to Buy

Four factors tend to drive under Rs 220 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Fertilisers, hotels, plastics and banking differ.
• Dividends: Gujarat State Fertilizers and Chemicals yields about 3.7%.
• Valuation: P/E runs from about 6 to 30.

Risks to Keep in Mind Before Buying Under Rs 220 Stocks

The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that Lemon Tree Hotels trades at a P/E near 30 while Union Bank of India trades near 6, Lemon Tree Hotels carries the highest borrowings of the four non-bank companies, and bank earnings follow asset quality. 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 220 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 220 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Union Bank of India trades lowest.
• Read ROE: Lemon Tree Hotels leads.
• Diversify: Spread across the four sectors.

How to Invest in Under Rs 220 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

Union Bank of India offers the lowest P/E on this list at 6.46, Lemon Tree Hotels has the highest return on equity at 16.32%, and Rashtriya Chemicals and Fertilizers posted the fastest net profit growth in its latest full year at 76.3%. Among the best under Rs 220 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 220 stocks to buy.

Frequently Asked Questions on Under Rs 220 Stocks to Buy

Which are the best under Rs 220 stocks to buy in November 2026?

Ans. The five under Rs 220 stocks on the November 2026 watchlist are Gujarat State Fertilizers and Chemicals, Lemon Tree Hotels, Rashtriya Chemicals and Fertilizers, Time Technoplast and Union Bank of India. Union Bank of India has the lowest P/E at 6.46, Lemon Tree Hotels has the highest ROE at 16.32%, 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 Union Bank of India a good stock to buy from this Under Rs 220 list?

Ans. Union Bank of India is the largest company on this list with a market capitalisation of Rs 1,42,100 crore and a P/E of 6.46 against an industry P/E of 11.45. Its FY26 revenue rose 0.2% and net profit rose 4.8%, with return on equity at 16.05%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are these under Rs 220 stocks expensive right now?

Ans. Valuations vary across the group. Gujarat State Fertilizers and Chemicals trades at a P/E of 7.84, Lemon Tree Hotels trades at a P/E of 29.60, Rashtriya Chemicals and Fertilizers trades at a P/E of 11.87, Time Technoplast trades at a P/E of 16.12, Union Bank of India trades at a P/E of 6.46, against industry multiples ranging from 11.45 to 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 220 stocks pay a dividend?

Ans. Dividend yields on this list are Gujarat State Fertilizers and Chemicals 3.67%, Rashtriya Chemicals and Fertilizers 2.44%, Time Technoplast 0.92%, Union Bank of India 2.69%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.

Which stock on this list has the highest return on equity?

Ans. Lemon Tree Hotels has the highest ROE on this list at 16.32%, followed by Union Bank of India at 16.05% and Time Technoplast at 11.46%. 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 220 stocks?

Ans. The main risks are low prices that say little about value, subsidy timing for fertilisers and asset quality at the bank. 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 220 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.