Most shares in India often trade on the Indian stock exchanges at a share price below Rs. 1,000 per share. However, few stocks trade at a price range of thousands of rupees. This makes it difficult for small retail investors to buy such stocks that trade at a very high price range.
It is important to note that the share price of a company may not necessarily be linked to the company’s valuation and may have a relation to the demand and supply situation of the stock. Liquid stocks may lower prices whereas illiquid stocks may command a higher valuation. A company with a share price of Rs. 2,000, for example, may be undervalued as compared to other peer companies.
Most Expensive Share/Stocks in India
Here, we will discuss the most expensive stocks in India, mainly focusing on the companies with the highest stock price in India. We have shortlisted the top 10 expensive stocks based on the current share price quoted on the stock exchanges as on Aug 2021 are
MRF (Rs. 81,198)
Market Capitalisation = Rs. 34,444 Cr
Madras Rubber Factory (MRF) is a well-known tyre manufacturer involved in the business of manufacturing a wide range of tyres. The company specializes in car & bike tyres, trucks/bus tyres, etc.
MRF currently has the highest share price in India among all the companies listed on BSE/NSE. The all-time high share price of MRF is Rs. 96,973. The stock is currently trading at a standalone PE of 26.96.
MRF has never split its share and has a face value of Rs. 10. The stock has risen significantly in its price since it was being traded at a price range of Rs. 10,000 in late 2012.
Honeywell Automation (Rs. 43,193)
Market Capitalisation = Rs. 37,620 Cr
Honeywell Automation India Ltd, a part of Honeywell group, USA is a leader in integrated automation and software solutions. It helps in making aircraft more fuel-efficient and less time-consuming. Apart from aircraft, Honeywell assists in the establishment of plants, buildings, and supply chains for businesses to become smarter and achieve sustainable growth through innovative process solutions.
The company’s stock has provided substantial returns at +235% in the past 5 years. It is currently trading at a PE of 83.43.
Page Industries (Rs. 28,675)
Market Capitalisation = Rs. 37,156 Cr
Page Industries is an Indian manufacturer and distributor of innerwear, loungewear, and socks. The company’s popular brand is Jockey, and it also has an exclusive license for the distribution of Speedo International Ltd.’s products. The company’s stock is a multi-bagger, especially considering its performance in the last few years. It has managed to give returns of over +2,000% in the past ten years alone.
The stock’s PE currently stands at 107.80.
3M India (Rs. 24,625)
Market Capitalisation = Rs. 27,286 Cr
3M India Ltd is the subsidiary of 3M Company USA in India with the parent having a 75% equity stake in the company. It has a diversified portfolio including products such as dental cement, health care, cleaning, etc. Apart from these, it also manufactures adhesives, paint protection films, window films, and signs. Some of the popular brands from 3M include, Scotch Brite, Scotch Tapes, Post Its, Scotchgard glue, etc.
This stock currently has a PE of 185.69.
Shree Cements (Rs. 28,192)
Market Capitalisation = Rs. 1,00,977 Cr
Shree Cement is an Indian cement manufacturer with headquarters in Kolkata and plants across the country. This Indian cement manufacturer was founded in Ajmer district, Rajasthan, in 1979. It is the biggest cement manufacturer in the northern part of India. Some of its well-known brands include Shree Jung Rodhak, Bangur Cement, Rockstrong Cement.
Shree cements is currently trading at a PE of 43.95.
Nestle India (Rs. 18,370)
Market Capitalisation = Rs. 1,72,936 Cr
Nestle India is a market leader in the food processing sector in India. It offers a wide variety of products, some of the popular ones being, Maggi, Kit-Kat, Nescafe, Every day, etc. It is the Indian subsidiary of Nestlé, a Swiss multinational company. The company started its Indian market penetration back in the 1900s but set up a factory in India only in 1961.
This stock is currently trading at a PE of 80.72.
The Yamuna Syndicate Ltd. (Rs. 19,989)
Market Capitalisation = Rs. 614 Cr
The Yamuna Syndicate Limited is involved in the trading & marketing of tractors, industrial lubes, automotive, batteries, electrical, pesticides & fertilizers, sugar, etc. The company also runs petrol pumps in the country. It was incorporated back in 1954 and is currently based in Yamuna Nagar, Haryana, India.
This stock is currently trading at a PE of 70.01.
Abbott India (Rs. 17,933)
Market Capitalisation = Rs. 38,100 Cr
Headquartered in Mumbai, Abbott India Limited, is an American pharma corporation. This publicly listed company has a subsidiary named Abbott Laboratories. The company offers high-quality trusted medicines across various therapeutic categories such as women’s health, gastroenterology, cardiology, metabolic disorders, and primary care.
It is currently trading at a PE of 54.92. The stock has given investors returns in the range of more than 179% in the past 5 years.
Bosch (Rs. 15,005)
Market Capitalisation = Rs. 44,196 Cr
Bosch is a part of the German multinational company Robert Bosch (or simply Bosch), headquartered in Germany. Bosch is a market leader in the automobile ancillaries industry. Some of its businesses include the manufacturing of diesel and gasoline fuel injection systems, car multimedia systems, auto electricals, motors, accessories, etc.
It is currently trading at a PE of 91.90.
Tasty Bite Eatables (Rs. 18,636)
Market Capitalisation = Rs. 4,800 Cr
The company is part of the food processing industry in India with products ranging from tasty bite rice, noodles, entrees, etc. The company offers a wide range of ready-to-serve (RTS) ethnic food products under its brand name Tasty Bite and Frozen Formed Products (FFP). It started its operations back in 1995 in the U.S. Today; it is one of America’s largest Indian food brands having ventured into frozen ready-to-eat foods, gravies, sauces, etc.
It is currently trading at a PE of 121.95.
Many investors may find these highly priced stocks unaffordable to buy, while many seasoned investors stretch their finances to invest in them. Investing in mutual funds may prove to be an easier way of indirectly owning these kinds of expensive stocks even with lower investments like Rs 100.
The above stocks have been selected based on the share price trends and are not exhaustive nor is it a recommendation list. The decision to invest in a stock entirely depends on the investor and also the company information. Therefore, investors must consider investing only after a detailed evaluation of the stock.
- Is a higher priced stock a better investment than a lower priced stock?
- There is no difference between buying more of relatively cheaper stocks and less of a relatively expensive stock. After investing in a stock, there could be a percentage increase (or decrease) in the share price. This results in gains (or losses) and is a fundamental process of investing.
- Are high-priced stocks less volatile?
- High-priced stocks could be less volatile when compared to low priced ones since investors mostly prefer to remain invested in these for the long term.
- How do I choose a stock to buy in India?
- To choose a stock for investment, an investor should know the fundamental aspects like nature of the business, operations, balance sheet, etc. Before buying a share, investors should look at the company’s financial position by reading various research reports of the companies.
- Can I invest Rs. 100 in the stock market?
- There is no minimum amount required to begin investing in the stock market. The amount to be invested depends on the stock price and number of shares to be bought.
- How to start investing in stocks?
- To begin investing in stocks, investors need to reach out to an individual broker or an online broking platform. After setting up a trading and demat account along with completing the KYC formalities, one can begin investing in stocks.