Under Rs 420 Stocks to Buy in November 2026: 5 Names on the Watchlist

The under Rs 420 stocks to buy in November 2026 start with five listed names: Bharat Electronics, Dabur India, Gandhar Oil Refinery, Federal Bank and Vedanta. Stocks under Rs 420 include a defence electronics maker, an ayurveda products company, a speciality oil maker, a Kerala-based private bank and a natural resources group, priced from about Rs 254 to Rs 395. Bharat Electronics is part of the Nifty 50.

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 420 stocks to buy to a portfolio. All prices are NSE closing prices of 5 November 2026, and financials come from company filings.

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Which Are the Best Under Rs 420 Stocks to Buy in November 2026?

The best under Rs 420 stocks to buy in November 2026 for a watchlist are Bharat Electronics, Dabur India, Gandhar Oil Refinery, Federal Bank and Vedanta. 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
Bharat Electronics	395.10	Rs 2,71,924 crore	44.23	25.27%	0.67%
Dabur India	385.00	Rs 64,040 crore	32.91	16.59%	2.28%
Gandhar Oil Refinery	254.20	Rs 2,427 crore	5.24	25.91%	0.30%
Federal Bank	338.50	Rs 85,661 crore	15.90	12.60%	0.35%
Vedanta	263.80	Rs 91,112 crore	2.91	9.55%	14.59%

On valuation, Gandhar Oil Refinery and Vedanta trade below the industry P/E; Bharat Electronics and Dabur India sit close to it; Federal Bank carries a premium. Valuation is the first filter for any under Rs 420 stocks to buy list, and it is covered again in the risk section.

Why These Under Rs 420 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 defence electronics maker supplying radars and communication systems, an ayurveda and natural products company, a maker of speciality oils such as white oils and transformer oils, a Kerala-based private bank with a growing retail, small-business and NRI franchise and a diversified natural resources company, all of which closed below Rs 420 on the NSE on 5 November. Investors searching for the best stocks under Rs 420 in India should check earnings, valuation and debt.

Bharat Electronics: The Defence Electronics Maker Among Under Rs 420 Stocks to Buy

Bharat Electronics is a defence electronics maker supplying radars, communication and electronic warfare systems. Its market capitalisation is Rs 2,71,924 crore, the share price is Rs 395.10 and the P/E of 44.23 compares with an industry P/E of 46.93.

Over FY26, net profit rose 13.9% to Rs 6,023 crore on revenue of Rs 28,176 crore, which was up 15.0%. The latest quarter, the June 2026 quarter, brought revenue of Rs 5,717 crore, up 24.2% year on year, and net profit of Rs 1,044 crore, up 8.7%.

Return on equity is 25.27%, debt-to-equity is 0.00, and the dividend yield is 0.67%. Promoters hold 51.14%, foreign institutions 16.98% and domestic institutions 21.88% as of September 2026. Domestic institutional holding has risen from 20.88% to 21.88% over the last year.

Dabur India: The Ayurveda-Led Name Among Under Rs 420 Stocks to Buy

Dabur India is an ayurveda and natural products company behind Dabur Chyawanprash, Real juices and Vatika. The stock trades at Rs 385.00 with a market capitalisation of Rs 64,040 crore and a P/E of 32.91, against an industry P/E of 33.02.

FY26 revenue rose 5.2% to Rs 13,792 crore and net profit rose 7.4% to Rs 1,869 crore. In the June 2026 quarter, revenue grew 10.9% year on year to Rs 3,937 crore, while net profit grew 15.3% to Rs 586 crore.

Return on equity is 16.59%, debt-to-equity is 0.11, and the dividend yield is 2.28%. Promoters hold 66.25%, foreign institutions 9.61% and domestic institutions 18.35% as of September 2026.

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Gandhar Oil Refinery: The Specialty Oils Maker Among Under Rs 420 Stocks to Buy

Gandhar Oil Refinery is a maker of speciality oils such as white oils and transformer oils. At Rs 254.20, 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.

Federal Bank: A Mid-Sized Private Bank Among Under Rs 420 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 338.50 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.

Vedanta: The Diversified Metals Group Among Under Rs 420 Stocks to Buy

Vedanta is a diversified natural resources company with zinc, aluminium, oil and gas and other businesses. The stock trades at Rs 263.80 with a market capitalisation of Rs 91,112 crore and a P/E of 2.91, against an industry P/E of 10.98.

FY26 revenue rose 23.9% to Rs 79,987 crore and net profit rose 34.5% to Rs 12,480 crore. In the September 2026 quarter, revenue grew 58.0% year on year to Rs 26,866 crore, while net profit grew 78.3% to Rs 6,202 crore.

Return on equity is 9.55%, debt-to-equity is 0.56, and the dividend yield is 14.59%. Promoters hold 54.72%, foreign institutions 15.78% and domestic institutions 10.69% as of September 2026. Foreign institutional holding has risen from 11.08% to 15.78% 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 420 stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Bharat Electronics	15.0%	13.9%	Jun 2026	24.2%	8.7%
Dabur India	5.2%	7.4%	Jun 2026	10.9%	15.3%
Gandhar Oil Refinery	8.8%	64.3%	Sep 2026	72.7%	368.4%
Federal Bank	7.0%	6.7%	Sep 2026	19.0%	53.4%
Vedanta	23.9%	34.5%	Sep 2026	58.0%	78.3%

Factors That Move Under Rs 420 Stocks to Buy

Four factors tend to drive under Rs 420 stocks, and each one is worth checking before a purchase.

• Earnings growth: Profit should be rising.
• Sector mix: Defence, consumer goods, oils, banking and resources differ.
• Dividends: Vedanta yields about 14.6% on trailing payouts.
• Valuation: P/E runs from about 3 to 44.

Risks to Keep in Mind Before Buying Under Rs 420 Stocks

The first risk is that a low share price says little about value, so earnings and valuation matter more. The second is that Federal Bank follows interest rate and credit cycles, and Vedanta payouts can change from year to year. Check results every quarter.

On the numbers, Bharat Electronics trades at the highest P/E on this list at 44.23, so its earnings need to keep growing to support the price. Under Rs 420 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 420 Stocks to Buy

• Look at earnings: Price alone is not a signal.
• Check P/E: Vedanta trades lowest.
• Read dividends: Vedanta yields the most.
• Diversify: Spread across the five sectors.

How to Invest in Under Rs 420 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

Vedanta offers the lowest P/E on this list at 2.91, Gandhar Oil Refinery has the highest return on equity at 25.91%, and Gandhar Oil Refinery posted the fastest net profit growth in its latest full year at 64.3%. Among the best under Rs 420 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 420 stocks to buy.

Frequently Asked Questions on Under Rs 420 Stocks to Buy

Which are the best under Rs 420 stocks to buy in November 2026?

Ans. The five under Rs 420 stocks on the November 2026 watchlist are Bharat Electronics, Dabur India, Gandhar Oil Refinery, Federal Bank and Vedanta. Vedanta has the lowest P/E at 2.91, Gandhar Oil Refinery has the highest ROE at 25.91%, and Gandhar Oil Refinery grew net profit 64.3% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Bharat Electronics a good stock to buy from this Under Rs 420 list?

Ans. Bharat Electronics is the largest company on this list with a market capitalisation of Rs 2,71,924 crore and a P/E of 44.23 against an industry P/E of 46.93. Its FY26 revenue rose 15.0% and net profit rose 13.9%, with return on equity at 25.27%. 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 420 stocks expensive right now?

Ans. Valuations vary across the group. Bharat Electronics trades at a P/E of 44.23, Dabur India trades at a P/E of 32.91, Gandhar Oil Refinery trades at a P/E of 5.24, Federal Bank trades at a P/E of 15.90, Vedanta trades at a P/E of 2.91, against industry multiples ranging from 10.98 to 46.93. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these under Rs 420 stocks pay a dividend?

Ans. Dividend yields on this list are Bharat Electronics 0.67%, Dabur India 2.28%, Gandhar Oil Refinery 0.30%, Federal Bank 0.35%, Vedanta 14.59%. 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 Bharat Electronics at 25.27% and Dabur India at 16.59%. 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 420 stocks?

Ans. The main risks are low prices that say little about value, interest rate and credit cycles at the bank and changing payouts. On this list, Bharat Electronics trades at the highest P/E of 44.23, 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 420 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.