Most Expensive Stock: The stock market has more than 7000 stocks. Each of them has a set price at which it is traded. Some are now affordable, like penny stocks, while others have a high value. So what are these stocks, or to put it simply, what is India’s most expensive share?
The article will concentrate on the list of the most expensive shares and the factors that contribute to their high trading prices.
One would believe that organizations like Tata, Maruti, ICICI, HDFC, etc., have the most costly stocks if they were outsiders or newcomers to the market cap. However, this is false.
- 1 Most Expensive Stocks
- 2 List Of Most Expensive Stocks In India
- 3 1:- MRF Limited
- 4 2:- Page Industries
- 5 3:- Honeywell Automation
- 6 4:- 3M India
- 7 5:- Shree Cements
- 8 6:- Nestle India
- 9 7:- Abbott India
- 10 8:- Bosch Limited
- 11 9:- P&G
- 12 10:- Yamuna Syndicate Ltd
- 13 11:- Bombay Oxygen Investment Ltd.
- 14 12:- Tasty Bite Eatables
- 15 Conclusion
- 16 Frequently Asked Questions
- 17 Is buying a more expensive stock preferable to buying a less expensive one?
- 18 How do I decide which Indian stock to purchase?
- 19 Which Indian stock has the highest price?
- 20 Is Tata Power a good investment?
- 21 Why is the MRF share high?
Most Expensive Stocks
On Indian stock exchanges, most shares commonly trade for less than Rs. 1,000 per share. Few shares, however, are traded at prices that range in the thousands of rupees. Due to this, it is challenging for small retail investors to purchase such stocks because of their wide price range.
Thus, do pricey stocks represent a company’s valuation? No, not always. A company’s share price may be influenced by factors other than its value, such as the supply and demand for its stock’s price.
List Of Most Expensive Stocks In India
- Page Industries
- Honeywell Automation
- 3M India
- Shree Cements
- Nestle India
- Abbott India
- The Yamuna Syndicate Ltd.
- Bombay Oxygen Investment Ltd.
- Tasty Bite Eatables
Here, we’ll talk about India’s best and most expensive stocks, concentrating especially on the businesses with the highest priced stocks there.(venture capital) Based on the current share price posted on the stock exchanges as of 2022, we have filtered down the top 10 most expensive stocks.
1:- MRF Limited
- Current Stock Price: ₹98,599
- Stock Price in 1993: ₹1563
The Madras Rubber Factory is known as MRF. It began as a smaller toy manufacturing plant in the former Madras backyard of Mr. K. M. Mammen Mappillai. As a rubber balloon factory, the business was established in 1946 with a small capital of Rs.14,000. By 1949, this division was still producing toys, contraception, and balloons.
Today, this once-small toy factory has developed into an MNC specializing in tires. It is the largest tire maker in India and the 14th largest manufacturer worldwide.
Before the middle of the 1930s, India’s tire business depended on imports, with zero domestic output. In the 1930s, businesses began to appear and expand with the coming of the mid-decade.
In addition to pushing the tire business to new heights, MRF has also introduced several technological developments. (market risks) The name has developed into a business that produces toys, car paint, sports equipment for athletes, and accessories for the defense industry. It is one of the company’s most costly shares. So why is MRF’s stock price so high?
2:- Page Industries
- Current Stock Price: ₹Rs. 50,041
- Stock Price in 2007: ₹342
Jockey is a popular product made by Page Industries. It is licensed to sell Jockey International (USA) products in India and Speedo products in Sri Lanka. In 1994, members of the Genomal family started this business.
Page Industries started trading on the NSE and BSE on July 29, 2007. When it went public, each share cost 600. Today, one share costs 50,041, making it one of the most expensive in India.
It makes, markets, and sells men’s and women’s Jockey sportswear and underwear in India, Bangladesh, Sri Lanka, the United Arab Emirates, and Nepal.
In 2021, more than 1000 stores only sold Jockey products. It also has the only license to make, sell, and distribute Speedo products in India. Speedo is a company that makes swimsuits well. Speedo wants to encourage people to swim with Speedo.
3:- Honeywell Automation
- Current Stock Price: ₹43,018
- Stock Price in 2000: ₹392
Honeywell automation is a division of the multinational corporation Honeywell. This company is based in California, USA, and has nine offices in India: Mumbai, Chennai, Kolkata, Jamshedpur, Pune, Baroda, Hyderabad, Bengaluru, and Gurgaon.
They work on the idea that if you can make the future, there’s no reason to wait for it. So Tata Group and Honeywell worked together to make the company, which was previously called Tata Honeywell.
It is a Fortune India 500 company worth more than $350 million. It is listed on the NSE and BSE, so anyone can buy shares. (company competitors) Now, these companies want to keep traders and other types of market tricksters from buying their shares. (highest stock price) This is why these companies haven’t split their shares, and it’s also why each share is currently worth Rs. 43,018 on the market cap.
In the last 22 years, the stock has given its investors a return of 10,000%. So, this is the choice if you want to make a lot of money from a high-quality stock.
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4:- 3M India
- Current Stock Price: ₹23,257 per share
- Stock Price in 2000: ₹591
The American multinational conglomerate 3M India was earlier known as Minnesota Mining and Manufacturing Company. Science Applied to Life is the slogan of 3M India.
Although the business operates in several different industries, it is best recognized for producing and distributing goods for the energy, safety and graphics, healthcare, and consumer market value. Both corporations and private customers can buy its items.
Its product selection is large. The most well-known items comparable to one another are Scotch Brite, Scotch Tapes, Scotchguard Glue, Post Its, etc. Examples of business products are adhesives, dental and surgical supplies, paint protection films, signage, and window films.
The fourth most expensive share in India is one in this corporation, which costs 23,257.
5:- Shree Cements
- Current Stock Price: ₹21,622 per share
- Stock Price in 2000: ₹1270
Shree Cement is a listed firm founded in 1979 (BSE and NSE). Although it was established in Ajmer, its current headquarters are in Kolkata.
The company has experienced exponential growth during its roughly forty-year history. In terms of cement capacity, it is one of the top three enterprises in the cement sector.
In addition, it has consistently ranked among the top 50 corporations in market value, operates a sizable waste heat recovery facility, and recently purchased Union Cement Company, a cement producer in the United Arab Emirates.
Shree Jung Rodhak Cement, Bangur Cement, and Rockstrong Cement are just a few of the many brands available in the market value. This business is also involved in the energy industry.
Under the names Shree Power and Shree Mega Power, it generates and market value electricity. East and North India are home to their main plants. It also operates one plant in South India.
6:- Nestle India
- Current Stock Price: ₹19,600
- Stock Price in 2000: ₹291
In India’s food processing industry, Nestle India is a market leader. It provides a wide range of goods, some of the more well-known ones including Maggi, Kit-Kat, Nescafe, every day, etc. It is a Nestlé subsidiary in India, a multinational corporation based in Switzerland. (highest stock price) Although starting to enter the Indian market in the early 1900s, the company didn’t establish a facility until 1961.
The stock has solid fundamentals, demonstrated by its performance during the Covid-19 pandemic.
At this time, the PE of this stock is 90.
7:- Abbott India
- Current Stock Price: ₹19,066
- Stock Price in 2000: ₹422
American pharmaceutical manufacturer Abbott has a subsidiary in India. Its head office is in Mumbai, where it was established in 1944.
The business is dedicated to creating the best health goods for the Indian populace using a superb blend of international and local solutions.
It genuinely cares about creating a healthy India. Its items have been clinically tested and are cutting-edge in science. Abbott produces goods in the following categories:
- Women’s Wellness
- Scientifically based nutritional goods
- Metabolic conditions
- Diagnostic Equipment
- Vascular Equipment
- Branded Generic Medicines
Abbott wants to meet everyone’s demands and create dependable, high-quality products to improve customer service and professional healthcare treatment.
The business also manages biological waste. It manages thousands of kilograms of biomedical waste each year. (highest price stock in India) It is one of the more expensive corporations on the Indian Stock Market due to the large variety of scientific products it offers.
The business currently trades for 19,066, making it the sixth-most expensive stock in India.
8:- Bosch Limited
- Current Stock Price: ₹17,685
- Stock Price in 2000: ₹4,748
The company Bosch Limited is in the automotive ancillaries industry. Germany-based Robert Bosch is its major company.
Although the German branch was established in 1886, the Indian branch was not until 1951. Bosch Limited now employs over 31,000 people and generates over 195 billion in revenue. In addition, the Indian subsidiary is the biggest development hub after Germany.
It is a significant provider of products and services in industrial technology, mobility solutions, consumer goods, and building and energy technology.
Bosch Limited operates 18 manufacturing facilities in India and seven application and development centers. (stock market) Bosch has 13 organizations spread out over India that work together to organize the contents of their wide range of products into a clear structure.
The price of one Bosch Limited share is approximately Rs.17,685. The company is India’s 8th most expensive stock with this share price.
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- Current Stock Price: ₹14,665
- Stock Price in 2000: ₹4,630
In India, P&G is a well-known and long-standing manufacturer of personal care products. Most of the company’s items are standard fare in most Indian homes. Whisper, Gillette, Ariel, Oral-B, Olay, and more brands are a few of them.
One of India’s fastest-growing consumer goods enterprises, the business makes and distributes these goods. In addition, the business has entered the market for ayurvedic products.
The PE at which it is now trading is 81.28.
10:- Yamuna Syndicate Ltd
Current Stock Price: ₹13,770
The business sells and exchanges a variety of goods. In 1955, the business was founded. Yamunanagar-135-001, Radaur Road, across from Saraswati Sugar Mill (Haryana).
The business has specialized in agrochemicals, industrial and consumer electronics, and auto parts.The business started selling tractors in 1957 and has offices in Punjab, Himachal Pradesh, Haryana, and the United States.
11:- Bombay Oxygen Investment Ltd.
- Current Stock Price: ₹12,768
- Stock Price in 2000: ₹1,891
On October 3rd, 1960, Bombay Oxygen Investments, formerly Bombay Oxygen Corporation Limited, was established. At first, it was in the Chemicals industry. This company produced, sold, and supplied chemical gases, including oxygen, nitrogen, argon, and carbon dioxide.
The company’s financial holdings in stocks, mutual fund, shares, and other financial instruments served as its main source of income. (company’s stock price) More than half of the company’s revenue was derived from the income from these securities market.
12:- Tasty Bite Eatables
- Current Stock Price: ₹11,617
- Stock Price in 2000: ₹4,630
In 1995, Tasty Bite Eatables became a legally recognized business entity in the USA. It produces delicious Indian meals that are ready to eat. (mutual fund) After two decades, it has surpassed all other producers of cooked noodles and Asian and Indian meals in the United States.
Its goods can be found widely throughout the USA, Canada, Australia, New Zealand, Japan, and the UK. In addition, the Tasty Bite Food Service Business division of Tasty Bite Eatables was established in India in 2006. (TBS).
A prosperous agricultural sector in the Western Region, Pune, Maharashtra, is close to the manufacturing factory.
The business also makes forays into the markets of sauces, gravies, many other items, and frozen ready-to-eat dishes. (highest priced stocks) The most expensive stock in India is Tasty Bite Eatables, whose share price is currently 11,617 in India.
Investors generally avoid pricey stocks because they need a larger initial investment. However, people frequently overlook the advantages of buying expensive firm shares. The reduced risk is the main benefit of purchasing pricey stocks.
The above list of stocks is neither definitive nor a recommendation; it was chosen based on share price movements. (stock market) Furthermore, investors choose to invest in stock completely depending on their business research. Therefore, investors should only consider investing after thoroughly analyzing the stock.
Frequently Asked Questions
Is buying a more expensive stock preferable to buying a less expensive one?
Buying more shares that are comparably less expensive and buying less of a comparable, more expensive stock have no difference. The share price of a stock may increase (or decrease) by a certain amount after investing in it. A fundamental step in investing results in gains (or losses).
How do I decide which Indian stock to purchase?
An investor should be aware of the fundamental components, such as the nature of the business, operations, balance sheet, etc., before selecting a stock for investment.
Which Indian stock has the highest price?
Of all the firms listed on the BSE/NSE, MRF MRF currently has the highest priced stock in India. MRF’s share price has never been higher than Rs. 98,599.
Is Tata Power a good investment?
In the same quarter of 2021–2022, the power generating company reported a net profit of Rs. 465.69 crores. However, with a target price of Rs 212, CLSA has maintained its “sell” rating on Tata Power because it believes that the company is being valued excessively in the face of high coal prices.
MRF has the highest price-earnings ratio among stocks listed on Indian stock markets. The reason is related to the company’s sustained high growth rate, stable net solid profit margins, and returns on equity ratios.