Under Rs 264 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 264 stocks to buy in November 2026 start with five listed names: Dharmaj Crop Guard, Gandhar Oil Refinery, Juniper Hotels, Union Bank of India and Tata Steel. Stocks under Rs 264 include a steel producer, a hotel company, a public sector bank, a crop protection maker and a specialty oils maker, priced from about Rs 188 to Rs 264. Tata Steel is part of the Nifty 50 and Nifty Metal indices.

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 264 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 264 Stocks to Buy in November 2026?

The best under Rs 264 stocks to buy in November 2026 for a watchlist are Dharmaj Crop Guard, Gandhar Oil Refinery, Juniper Hotels, Union Bank of India 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
Dharmaj Crop Guard	240.00	Rs 846 crore	14.06	12.17%	0.00%
Gandhar Oil Refinery	263.59	Rs 2,427 crore	5.24	25.91%	0.30%
Juniper Hotels	203.87	Rs 4,366 crore	26.34	6.05%	0.00%
Union Bank of India	204.40	Rs 1,42,100 crore	6.46	16.05%	2.69%
Tata Steel	188.00	Rs 2,11,596 crore	18.79	10.56%	2.36%

On valuation, Dharmaj Crop Guard, Gandhar Oil Refinery, Juniper Hotels and Union Bank of India trade below the industry P/E; Tata Steel sits close to it. Valuation is the first filter for any under Rs 264 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 264 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 one of the country's largest steel producers, a luxury hotel company, a large public sector bank, a crop protection chemicals maker and a maker of specialty oils, all of which closed below Rs 264 on the NSE on 12 November. Investors searching for the best stocks under Rs 264 in India should check earnings, valuation and debt.

Dharmaj Crop Guard: A Small-Cap Crop Protection Name Among Under Rs 264 Stocks to Buy

Dharmaj Crop Guard is a small-cap maker and marketer of insecticides, fungicides and herbicides sold to farmers across India. The stock trades at Rs 240.00 with a market capitalisation of Rs 846 crore and a P/E of 14.06, against an industry P/E of 22.16.

FY26 revenue rose 20.3% to Rs 1,146 crore and net profit rose 56.9% to Rs 54.6 crore. In the June 2026 quarter, revenue grew 4.2% year on year to Rs 384 crore, while net profit grew 16.9% to Rs 38.1 crore.

Return on equity is 12.17%, debt-to-equity is 0.29, and the dividend yield is negligible. Promoters hold 70.40%, foreign institutions 3.12% and domestic institutions 0.50% as of September 2026.

Gandhar Oil Refinery: The Specialty Oils Maker Among Under Rs 264 Stocks to Buy

Gandhar Oil Refinery is a maker of speciality oils such as white oils and transformer oils. At Rs 263.59, the stock has a market capitalisation of Rs 2,427 crore and trades at 5.24 times earnings, while the industry P/E is 14.94.

Reported numbers show FY26 revenue of Rs 4,255 crore, up 8.8% year on year, with net profit at Rs 137 crore, up 64.3%. The September 2026 quarter added revenue of Rs 1,850 crore (up 72.7%) and net profit of Rs 186 crore (up 368.4%).

Return on equity is 25.91%, debt-to-equity is 0.14, and the dividend yield is 0.30%. Promoters hold 66.65%, foreign institutions 5.47% and domestic institutions 0.29% as of September 2026. Foreign institutional holding has risen from 0.17% to 5.47% over the last year.

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Juniper Hotels: The Luxury Hotel Owner Among Under Rs 264 Stocks to Buy

Juniper Hotels is a luxury hotel owner with Hyatt-branded properties across India. Its market capitalisation is Rs 4,366 crore, the share price is Rs 203.87 and the P/E of 26.34 compares with an industry P/E of 37.59.

Over FY26, net profit rose 98.6% to Rs 142 crore on revenue of Rs 1,069 crore, which was up 9.6%. The latest quarter, the June 2026 quarter, brought revenue of Rs 252 crore, up 11.0% year on year, 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%.

Union Bank of India: The Public Sector Lender Among Under Rs 264 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.

Tata Steel: The Integrated Steel Major Among Under Rs 264 Stocks to Buy

Tata Steel is a large integrated steel producer with operations in India and overseas. At Rs 188.00, the stock has a market capitalisation of Rs 2,11,596 crore and trades at 18.79 times earnings, while the industry P/E is 19.82.

Reported numbers show FY26 revenue of Rs 2,33,542 crore, up 6.1% year on year, with net profit at Rs 10,886 crore, up 243.0%. The June 2026 quarter added revenue of Rs 61,027 crore (up 14.1%) 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 264 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Dharmaj Crop Guard	20.3%	56.9%	Jun 2026	4.2%	16.9%
Gandhar Oil Refinery	8.8%	64.3%	Sep 2026	72.7%	368.4%
Juniper Hotels	9.6%	98.6%	Jun 2026	11.0%	269.6%
Union Bank of India	0.2%	4.8%	Sep 2026	5.4%	30.1%
Tata Steel	6.1%	243.0%	Jun 2026	14.1%	18.8%

Factors That Move Under Rs 264 Stocks to Buy

Four factors tend to drive under Rs 264 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Steel, hotels, banking, agrochemicals and oils differ.
• Dividends: Union Bank of India yields about 2.7%.
• Valuation: P/E runs from about 5 to 26.

Risks to Keep in Mind Before Buying Under Rs 264 Stocks

The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that Juniper Hotels trades at a P/E near 26 while Gandhar Oil Refinery trades near 5, Dharmaj Crop Guard is valued at only about Rs 850 crore, and Tata Steel carries the highest borrowings of the four non-bank companies. Check results every quarter.

On the numbers, Juniper Hotels trades at the highest P/E on this list at 26.34, so its earnings need to keep growing to support the price. Under Rs 264 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 264 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Gandhar Oil Refinery trades lowest.
• Read ROE: Gandhar Oil Refinery leads.
• Diversify: Spread across the five sectors.

How to Invest in Under Rs 264 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

Gandhar Oil Refinery offers both the lowest P/E on this list at 5.24 and the highest return on equity at 25.91%, and Tata Steel posted the fastest net profit growth in its latest full year at 243.0%. Among the best under Rs 264 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 264 stocks to buy.

Frequently Asked Questions on Under Rs 264 Stocks to Buy

Which are the best under Rs 264 stocks to buy in November 2026?

Ans. The five under Rs 264 stocks on the November 2026 watchlist are Dharmaj Crop Guard, Gandhar Oil Refinery, Juniper Hotels, Union Bank of India and Tata Steel. Gandhar Oil Refinery has both the lowest P/E at 5.24 and the highest ROE at 25.91%, 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 264 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 264 stocks expensive right now?

Ans. Valuations vary across the group. Dharmaj Crop Guard trades at a P/E of 14.06, Gandhar Oil Refinery trades at a P/E of 5.24, Juniper Hotels trades at a P/E of 26.34, Union Bank of India trades at a P/E of 6.46, Tata Steel trades at a P/E of 18.79, 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 264 stocks pay a dividend?

Ans. Dividend yields on this list are Gandhar Oil Refinery 0.30%, Union Bank of India 2.69%, 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. Gandhar Oil Refinery has the highest ROE on this list at 25.91%, followed by Union Bank of India at 16.05% and Dharmaj Crop Guard at 12.17%. 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 264 stocks?

Ans. The main risks are low prices that say little about value, steel price swings and thin trading at the smallest company. On this list, Juniper Hotels trades at the highest P/E of 26.34, 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 264 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.