Under Rs 230 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 230 stocks to buy in November 2026 start with five listed names: Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, ITC Hotels, Juniper Hotels and Tata Steel. Stocks under Rs 230 include a port operator, a fertiliser maker, two hotel companies and a large steel producer, priced from about Rs 142 to Rs 207. Tata Steel is part of the Nifty Metal index.

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 230 stocks to buy to a portfolio. All prices are NSE closing prices of 9 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 230 Stocks to Buy in November 2026?

The best under Rs 230 stocks to buy in November 2026 for a watchlist are Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, ITC Hotels, Juniper Hotels and Tata Steel. 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	170.58	Rs 7,853 crore	14.05	21.57%	6.40%
Gujarat State Fertilizers and Chemicals	142.20	Rs 5,435 crore	7.84	5.48%	3.67%
ITC Hotels	176.90	Rs 34,414 crore	36.63	7.94%	0.61%
Juniper Hotels	207.24	Rs 4,366 crore	26.34	6.05%	0.00%
Tata Steel	184.85	Rs 2,11,596 crore	18.79	10.56%	2.36%

On valuation, Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals and Juniper Hotels trade below the industry P/E; ITC Hotels and Tata Steel sit close to it. Valuation is the first filter for any under Rs 230 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 230 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, a fertiliser and chemicals maker, the hotel arm of ITC, a hotel owner in north India and one of the country's largest steel producers, all of which closed below Rs 230 on the NSE on 9 November. Investors searching for the best stocks under Rs 230 in India should check earnings, valuation and debt.

Gujarat Pipavav Port: The Container Port Operator Among Under Rs 230 Stocks to Buy

Gujarat Pipavav Port is a port operator at Pipavav in Gujarat handling containers and bulk cargo. At Rs 170.58, the stock has a market capitalisation of Rs 7,853 crore and trades at 14.05 times earnings, while the industry P/E is 30.60.

Reported numbers show FY26 revenue of Rs 1,232 crore, up 15.2% year on year, with net profit at Rs 515 crore, up 29.8%. The June 2026 quarter added revenue of Rs 347 crore (up 28.0%) 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 230 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 142.20 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%.

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ITC Hotels: The ITC Hotels Chain Among Under Rs 230 Stocks to Buy

ITC Hotels is the hotel arm of ITC, with premium brands such as ITC Hotels and Welcomhotel. The stock trades at Rs 176.90 with a market capitalisation of Rs 34,414 crore and a P/E of 36.63, against an industry P/E of 37.68.

FY26 revenue rose 19.4% to Rs 4,331 crore and net profit rose 28.8% to Rs 821 crore. In the September 2026 quarter, revenue grew 25.0% year on year to Rs 1,106 crore, while net profit grew 52.0% to Rs 203 crore.

Return on equity is 7.94%, debt-to-equity is 0.01, and the dividend yield is 0.61%. Promoters hold 39.85%, foreign institutions 11.63% and domestic institutions 17.88% as of September 2026. A point to keep in view: return on equity is a modest 7.94%.

Juniper Hotels: The Luxury Hotel Owner Among Under Rs 230 Stocks to Buy

Juniper Hotels is a luxury hotel owner with Hyatt-branded properties across India. At Rs 207.24, the stock has a market capitalisation of Rs 4,366 crore and trades at 26.34 times earnings, while the industry P/E is 37.59.

Reported numbers show FY26 revenue of Rs 1,069 crore, up 9.6% year on year, with net profit at Rs 142 crore, up 98.6%. The June 2026 quarter added revenue of Rs 252 crore (up 11.0%) and net profit of Rs 33.3 crore (up 269.6%).

Return on equity is 6.05%, debt-to-equity is 0.42, and the dividend yield is negligible. Promoters hold 77.53%, foreign institutions 4.64% and domestic institutions 10.63% as of September 2026. A point to keep in view: return on equity is a modest 6.05%.

Tata Steel: The Integrated Steel Major Among Under Rs 230 Stocks to Buy

Tata Steel is a large integrated steel producer with operations in India and overseas. Its market capitalisation is Rs 2,11,596 crore, the share price is Rs 184.85 and the P/E of 18.79 compares with an industry P/E of 19.82.

Over FY26, net profit rose 243.0% to Rs 10,886 crore on revenue of Rs 2,33,542 crore, which was up 6.1%. The latest quarter, the June 2026 quarter, brought revenue of Rs 61,027 crore, up 14.1% year on year, and net profit of Rs 2,385 crore, up 18.8%.

Return on equity is 10.56%, debt-to-equity is 0.90, and the dividend yield is 2.36%. Promoters hold 32.95%, foreign institutions 17.72% and domestic institutions 25.18% 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 230 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%
ITC Hotels	19.4%	28.8%	Sep 2026	25.0%	52.0%
Juniper Hotels	9.6%	98.6%	Jun 2026	11.0%	269.6%
Tata Steel	6.1%	243.0%	Jun 2026	14.1%	18.8%

Factors That Move Under Rs 230 Stocks to Buy

Four factors tend to drive under Rs 230 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Ports, fertilisers, hotels and steel 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 230 Stocks

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

On the numbers, ITC Hotels trades at the highest P/E on this list at 36.63, so its earnings need to keep growing to support the price. Under Rs 230 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 230 Stocks to Buy

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

How to Invest in Under Rs 230 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 Tata Steel posted the fastest net profit growth in its latest full year at 243.0%. Among the best under Rs 230 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 230 stocks to buy.

Frequently Asked Questions on Under Rs 230 Stocks to Buy

Which are the best under Rs 230 stocks to buy in November 2026?

Ans. The five under Rs 230 stocks on the November 2026 watchlist are Gujarat Pipavav Port, Gujarat State Fertilizers and Chemicals, ITC Hotels, Juniper Hotels and Tata Steel. Gujarat State Fertilizers and Chemicals has the lowest P/E at 7.84, Gujarat Pipavav Port has the highest ROE at 21.57%, and Tata Steel grew net profit 243.0% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Tata Steel a good stock to buy from this Under Rs 230 list?

Ans. Tata Steel is the largest company on this list with a market capitalisation of Rs 2,11,596 crore and a P/E of 18.79 against an industry P/E of 19.82. Its FY26 revenue rose 6.1% and net profit rose 243.0%, with return on equity at 10.56%. 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 230 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, ITC Hotels trades at a P/E of 36.63, Juniper Hotels trades at a P/E of 26.34, Tata Steel trades at a P/E of 18.79, against industry multiples ranging from 19.82 to 37.68. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 230 stocks pay a dividend?

Ans. Dividend yields on this list are Gujarat Pipavav Port 6.40%, Gujarat State Fertilizers and Chemicals 3.67%, ITC Hotels 0.61%, Tata Steel 2.36%. 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 Tata Steel at 10.56% and ITC Hotels at 7.94%. 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 230 stocks?

Ans. The main risks are low prices that say little about value, steel price swings and farm input demand. On this list, ITC Hotels trades at the highest P/E of 36.63, 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 230 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.