Under Rs 350 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 350 stocks to buy in November 2026 start with five listed names: Mahindra and Mahindra Financial Services, Menon Bearings, Transformers and Rectifiers India, Senco Gold and Federal Bank. Stocks under Rs 350 are lower-priced shares across lending, bearings, transformers, jewellery and banking, 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 350 stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 350 Stocks to Buy in November 2026?

The best under Rs 350 stocks to buy in November 2026 for a watchlist are Mahindra and Mahindra Financial Services, Menon Bearings, Transformers and Rectifiers India, Senco Gold and Federal Bank. 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
Mahindra and Mahindra Financial Services	270.10	Rs 36,812 crore	10.21	13.09%	2.83%
Menon Bearings	319.85	Rs 1,506 crore	34.27	20.64%	0.74%
Transformers and Rectifiers India	317.55	Rs 9,449 crore	30.18	18.42%	0.08%
Senco Gold	311.25	Rs 5,020 crore	8.79	22.85%	0.57%
Federal Bank	335.20	Rs 85,661 crore	15.90	12.60%	0.35%

On valuation, Mahindra and Mahindra Financial Services, Transformers and Rectifiers India and Senco Gold trade below the industry P/E; Menon Bearings sits close to it; Federal Bank carries a premium. Valuation is the first filter for any under Rs 350 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 350 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 rural and semi-urban lender from the Mahindra group, an engine bearings maker, a transformer manufacturer, a jewellery retailer and a private bank from Kerala, all of which closed between about Rs 270 and Rs 335 on the NSE on 4 November. Investors searching for the best stocks under Rs 350 in India should check earnings growth, valuation and debt.

Mahindra and Mahindra Financial Services: The Rural Vehicle Lender Among Under Rs 350 Stocks to Buy

Mahindra and Mahindra Financial Services is a rural and semi-urban lender backed by Mahindra, financing vehicles and tractors. At Rs 270.10, the stock has a market capitalisation of Rs 36,812 crore and trades at 10.21 times earnings, while the industry P/E is 16.15.

Reported numbers show FY26 revenue of Rs 21,087 crore, up 13.8% year on year, with net profit at Rs 2,861 crore, up 26.5%. The September 2026 quarter added revenue of Rs 5,962 crore (up 18.1%) and net profit of Rs 911 crore (up 60.9%).

Return on equity is 13.09%, and the dividend yield is 2.83%. Promoters hold 52.48%, foreign institutions 9.96% and domestic institutions 31.56% as of September 2026.

Menon Bearings: A Small-Cap Engine Bearing Maker Among Under Rs 350 Stocks to Buy

Menon Bearings is a maker of engine bearings, bushes and aluminium die castings, mainly for automakers. Its market capitalisation is Rs 1,506 crore, the share price is Rs 319.85 and the P/E of 34.27 compares with an industry P/E of 36.13.

Over FY26, net profit rose 53.4% to Rs 38.2 crore on revenue of Rs 300 crore, which was up 23.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 94.3 crore, up 37.0% year on year, and net profit of Rs 14.1 crore, up 67.4%.

Return on equity is 20.64%, debt-to-equity is 0.25, and the dividend yield is 0.74%. Promoters hold 66.66%, foreign institutions 0.21% and domestic institutions 2.16% as of September 2026. Domestic institutional holding has risen from 0.00% to 2.16% over the last year.

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Transformers and Rectifiers India: The Transformer Maker Among Under Rs 350 Stocks to Buy

Transformers and Rectifiers India is a transformer manufacturer for utilities and industry. The stock trades at Rs 317.55 with a market capitalisation of Rs 9,449 crore and a P/E of 30.18, against an industry P/E of 41.42.

FY26 revenue rose 25.3% to Rs 2,570 crore and net profit rose 25.8% to Rs 272 crore. In the September 2026 quarter, revenue grew 56.6% year on year to Rs 742 crore, while net profit grew 117.9% to Rs 81.4 crore.

Return on equity is 18.42%, debt-to-equity is 0.35, and the dividend yield is 0.08%. Promoters hold 64.36%, foreign institutions 6.99% and domestic institutions 1.19% as of September 2026.

Senco Gold: The East India Jeweller Among Under Rs 350 Stocks to Buy

Senco Gold is an east India based jewellery retailer and manufacturer with stores across several states. At Rs 311.25, the stock has a market capitalisation of Rs 5,020 crore and trades at 8.79 times earnings, while the industry P/E is 44.29.

Reported numbers show FY26 revenue of Rs 8,510 crore, up 33.3% year on year, with net profit at Rs 574 crore, up 260.5%. The June 2026 quarter added revenue of Rs 3,071 crore (up 66.5%) and net profit of Rs 101 crore (down 3.4%).

Return on equity is 22.85%, debt-to-equity is 1.07, and the dividend yield is 0.57%. Promoters hold 64.46%, foreign institutions 6.30% and domestic institutions 11.45% as of September 2026.

Federal Bank: A Mid-Sized Private Bank Among Under Rs 350 Stocks to Buy

Federal Bank is a Kerala-based private bank with a growing retail, small-business and NRI franchise. Its market capitalisation is Rs 85,661 crore, the share price is Rs 335.20 and the P/E of 15.90 compares with an industry P/E of 11.43.

Over FY26, net profit rose 6.7% to Rs 4,483 crore on revenue of Rs 34,272 crore, which was up 7.0%. The latest quarter, the September 2026 quarter, brought revenue of Rs 9,903 crore, up 19.0% year on year, and net profit of Rs 1,564 crore, up 53.4%.

Return on equity is 12.60%, and the dividend yield is 0.35%. The company has no identified promoter, with foreign institutions holding 28.55% and domestic institutions 49.28% as of September 2026. Foreign institutional holding has risen from 25.54% to 28.55% 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 350 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Mahindra and Mahindra Financial Services	13.8%	26.5%	Sep 2026	18.1%	60.9%
Menon Bearings	23.2%	53.4%	Jun 2026	37.0%	67.4%
Transformers and Rectifiers India	25.3%	25.8%	Sep 2026	56.6%	117.9%
Senco Gold	33.3%	260.5%	Jun 2026	66.5%	-3.4%
Federal Bank	7.0%	6.7%	Sep 2026	19.0%	53.4%

Factors That Move Under Rs 350 Stocks to Buy

Four factors tend to drive under Rs 350 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Borrowings: Lenders and jewellers carry more debt.
• Sector mix: Five sectors follow different cycles.
• Liquidity: Smaller names may trade thinly.

Risks to Keep in Mind Before Buying Under Rs 350 Stocks

The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that smaller companies, such as the bearings maker, can trade in lower volumes. Lenders and jewellery retailers also depend on credit and gold price conditions.

On the numbers, Menon Bearings trades at the highest P/E on this list at 34.27, so its earnings need to keep growing to support the price. Under Rs 350 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 350 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check market size: Market cap shows how established a company is.
• Review debt: Treat lenders separately.
• Spread across sectors: Avoid holding one theme.

How to Invest in Under Rs 350 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

Senco Gold offers both the lowest P/E on this list at 8.79 and the highest return on equity at 22.85%, and Senco Gold posted the fastest net profit growth in its latest full year at 260.5%. Among the best under Rs 350 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 350 stocks to buy.

Frequently Asked Questions on Under Rs 350 Stocks to Buy

Which are the best under Rs 350 stocks to buy in November 2026?

Ans. The five under Rs 350 stocks on the November 2026 watchlist are Mahindra and Mahindra Financial Services, Menon Bearings, Transformers and Rectifiers India, Senco Gold and Federal Bank. Senco Gold has both the lowest P/E at 8.79 and the highest ROE at 22.85%, and Senco Gold grew net profit 260.5% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Federal Bank a good stock to buy from this Under Rs 350 list?

Ans. Federal Bank is the largest company on this list with a market capitalisation of Rs 85,661 crore and a P/E of 15.90 against an industry P/E of 11.43. Its FY26 revenue rose 7.0% and net profit rose 6.7%, with return on equity at 12.60%. 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 350 stocks expensive right now?

Ans. Valuations vary across the group. Mahindra and Mahindra Financial Services trades at a P/E of 10.21, Menon Bearings trades at a P/E of 34.27, Transformers and Rectifiers India trades at a P/E of 30.18, Senco Gold trades at a P/E of 8.79, Federal Bank trades at a P/E of 15.90, against industry multiples ranging from 11.43 to 44.29. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 350 stocks pay a dividend?

Ans. Dividend yields on this list are Mahindra and Mahindra Financial Services 2.83%, Menon Bearings 0.74%, Transformers and Rectifiers India 0.08%, Senco Gold 0.57%, Federal Bank 0.35%. 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. Senco Gold has the highest ROE on this list at 22.85%, followed by Menon Bearings at 20.64% and Transformers and Rectifiers India at 18.42%. 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 350 stocks?

Ans. The main risks are low prices that say little about value, thin trading in smaller names and credit and gold price conditions. On this list, Menon Bearings trades at the highest P/E of 34.27, 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 350 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.