Most Expensive Share In India

There are more than 7000 stocks in the share market. Each of them is traded at a specific price. Now some of them are cheap like penny stocks, while others come with high value. So, what are these stocks or, in simple terms, the most expensive share in India?

This article will focus on the list of costliest shares and why they are being traded at such a high value.

As an outsider or a newbie in the industry, one might think that companies like Tata, Maruti, ICICI, HDFC, etc. are the most expensive stocks, but that is not the case. 

Shocking, right?

Hold on to your hats because your mind gets blown by the end of this article.

Most Expensive Share Price in India

The top 12 most expensive stocks in India are as follows

1. MRF Limited

Current Market Price: ₹86,302
Stock Price in 1993: ₹1563

MRF stands for Madras Rubber Factory. It started as a small unit for toy manufacturing in the backyard of Mr. K. M. Mammen Mappillai, in the erstwhile Madras. 

The company was founded in 1946 with a small capital of ₹14,000 as a rubber balloon factory, and by 1949, this unit was still making balloons, contraceptives, and toys.

Today, this small manufacturing unit for toys has grown to be an MNC with expertise in tires. It is India’s largest tire manufacturer and the fourteenth largest manufacturer globally. 

Before the mid-1930s, India’s tire industry was entirely dependent on imports, and domestic production was nil. With the arrival of the mid-decade in the 1930s, companies started emerging and growing.

MRF has not only taken the tire industry to new highs but also brought a variety of technological advancements in the field.

The brand has grown into a company with contributions in the automobile industry, paint industry, sports accessory industry, defense sector, and toy manufacturing.

It is one of the most expensive shares in the company. Thinking why MRF share price is high?

Well! the major reason is the strong fundamental of the company and secondly the company has not gone with the stock split since the day it got listed. This increases the value of per share and hence makes it the most expensive stock in India.

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    2. Honeywell Automation India Limited

Current Market Price: ₹40,727 per share
Stock Price in 2000: ₹392

Honeywell automation is a subsidiary of Honeywell, which is an MNC. This company is headquartered in California, USA, and has nine office spaces in India – Mumbai, Chennai, Kolkata, Jamshedpur, Pune, Baroda, Hyderabad, Bengaluru, and Gurgaon.

They work with the belief – when you can create the future, why wait for it? The company was a joint venture of Tata Group and Honeywell, formerly known as Tata Honeywell.

The venture ended in 2004. The company is known for its automated, technologically advanced solutions in software and provides building solutions.

It has vast experience working globally in environmental and combustion controls, integrated automation, software solutions, and sensing & control.

It is a $350mn+ company that is in the Fortune India 500 companies. It is listed on NSE and BSE for public investors. Now these companies, want to keep shares of their company away from speculators and other kinds of market manipulators. This is the reason why these companies have not split their shares and is therefore currently trading at the market price of ₹40,727 per share.

In the last 22 years, the stock has provided a return of 10,000% to its investors. So, if you are looking for a high return from the high-quality stock then this is the one you can go for.

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  3. Page Industries Limited

Current Market Price: ₹49,222
Stock Price in 2007: ₹342

Page Industries is famous for Jockey. It is the licensee for Jockey International (USA) in India and Speedo in Sri Lanka. The Genomal family founded this company in 1994.

Page Industries got listed on NSE and BSE on 29 July 2007. When it became a public company, the shares were at ₹600, and today, the price of one share has risen to heights that add it to the list of most expensive shares in India – ₹49,222.

It is a manufacturer, marketer, and distributor for Jockey leisurewear and innerwear for men and women in India, Bangladesh, Sri Lanka, UAE, and Nepal.

In 2021,  Jockey had more than 1000 exclusive stores. It is also the exclusive and sole licensee for manufacturing, marketing, and distributing Speedo products in India. Speedo is a company expert in manufacturing swimwear.

Speedo has the vision to inspire people to swim with Speedo.

Speedo dominates the swimwear market both in terms of shares and market share. In six years of operations, Speedo has 1286 stores in 86 cities across India. It also has 18 exclusive brand stores in Mumbai, Chennai, Delhi, Gurgaon, Noida, Pune, Ahmedabad, and Bengaluru.

Page Industries’ partnership with these two prominent brands speaks volumes about the company. 

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4. 3M India Limited

Current Market Price: ₹22,922 per share
Stock Price in 2000: ₹591

3M India was formerly known as Minnesota Mining and Manufacturing Company, which is an American Multinational Conglomerate. The tagline of 3M India reads – Science Applied to Life. 

The company is into diversified sectors and is majorly known for manufacturing and trading products for the healthcare, consumer, safety and graphics, industrial, and energy markets.

It has products for businesses and individual consumers too.

It has a wide range of products. The most popular products you’ll find relatable with are Scotch Brite, Scotch Tapes, Scotchguard Glue, Post Its, etc.

The products range for businesses is adhesives, surgical solutions to dental products, paint protection films, signs, window films, etc.

One share of this company is ₹22,952 and is the third most expensive share in India. 

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  5. Shree Cement Limited

Current Market Price: ₹20,947 per share
Stock Price in 2000: ₹1270

Shree Cement was incorporated in 1979 and is a listed company (BSE and NSE). It was founded in Ajmer but is currently headquartered in Kolkata.

In the approximately four decades of its existence, the company has grown exponentially. It is in the top three companies in the cement industry in terms of cement capacity.

Further, it has been in the top 50 companies in terms of market capitalization, owns an enormous waste heat recovery-based plant, and acquired a cement company from UAE, Union Cement Company.

It has many brands in the market, namely – Shree Jung Rodhak Cement, Bangur Cement, and Rockstrong Cement. This company is also active in the energy sector.

It produces and sells power under the brand of Shree Power and Shree Mega Power.

Its major plants are in North India and East India. It has one plant in South India too.

With the Indian Government’s push for infrastructural development, the Cement Industry has been flourishing and has immense scope in the months to come.

The company has withstood the impact of Covid in 2020 when the share price dropped to around ₹15,224 from ₹24,908. However, post this the stock price soon recorded a new high at ₹32,058 in February 2021.

However, the stock price has seen a major downfall in the last year shifting it from third to fourth most expensive stock in India. It is currently trading at and is currently trading at ₹20,910. 

 

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 6. Abbott India

Current Market Price: ₹20,543
Stock Price in 2000: ₹422

Abbott is an American pharmaceutical company with Abbott India as its subsidiary. It was founded in 1944 & has headquarters in Mumbai.

The company focuses on producing the best health products for the Indian population with a great combination of global and local solutions.

It is sincerely dedicated to building a healthy India. Its products are clinically proven and scientifically advanced. Abbott is into making products for categories like:

• Women’s Health
• Science-based Nutritional Products
• Gastroenterology
• Metabolic Disorders
• Diagnostic Tools
• Vascular Devices
• Cardiology
• Neuroscience
• Branded Generic Pharmaceuticals
• Vaccines and others

Abbott aims to cater to everyone’s needs and produce high-quality and reliable products to enhance customer support and expert clinical support.

The company is also into biomedical waste management. Annually, it handles thousands of kilograms of biomedical waste. It has a wide range of scientific products that make it one of the high-priced companies on the Indian Stock Market.

Currently, the company has the sixth most expensive stock in India, priced at ₹20,543.

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 7. Nestle India

Current Market Price: ₹19,255
Stock Price in 2000: ₹291

You certainly are living in a cave to not know Nestle India. Okay, we’ll name one product, and you’ll know. Maggi!

You know it, right?

Let’s brief you a bit about this famous brand. Nestle was introduced in India in 1912 as an Anglo-Swiss Condensed Milk Company. Back then, it used to import and sell milk products in the Indian Market. 

In 1947, after India’s independence, the imports were reduced, and thus, Nestle came up with a plant in Moga, Punjab. The plant helped the farmers enhance their output and introduce best practices to the milk economy in India.

In the past century, Nestle has contributed to the development of the country. It employs more than a million people indirectly and directly. The company focuses on producing products that help in the betterment of the Nutrition, Health, Taste, and Wellness of the Indian population.

Over the years, Nestle India launched a wide range of products that gained the limelight and stayed there since. Some of the most famous ones are KitKat, Maggi, Milo, Nescafe, Milkybar, Nestea, Bar One, etc.

The current share price is around ₹19,255. This stock is exceptional to the impact of Covid in 2020. When other stocks are falling drastically and recording new lows, the stock of this company dropped down by a few percent and also soon recorded a new high within a time span of one month. 

This directly gives an idea of how strong the company is at the fundamental level.

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     8. Bosch Limited

Current Market Price: ₹17,649
Stock Price in 2000: ₹4,748

Bosch Limited is a company belonging to the sector of Auto Ancillaries. Its parent company is Robert Bosch, headquartered in Germany.

It was incorporated in 1886 in Germany, but the Indian unit was founded in 1951. Today, Bosch Limited has over 195bn sales revenue and 31,000+ associates. Further, the Indian subsidiary is the largest development centre, next to only Germany.

It is a major supplier of technology and services in Industrial Technology, Mobility Solutions, Consumer Goods, and Energy and Building Technology.

Bosch Limited has seven development and application centres and 18 manufacturing sites across India. Bosch operates across India via 13 companies that segregate the contents of the variety of products into a well-defined structure.

The company aims to ease the everyday lives of its customers by providing them with advanced technological solutions. 

One share of Bosch Limited can cost around₹17,649. This share price has made the company rank eighth in the most expensive stock in India.

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     9. Procter And Gamble Hygiene And Health Care Limited

Current Market Price: ₹14,617
Stock Price in 2000: ₹4,630

You must be very aware of this company. We bet on that! No?

Probably you don’t recognize it because of the full form. The company is popularly known as P&G.

Ahh! Now you know.

P&G has been an integral part of our lives from the very beginning. It was founded in 1964 to provide personal care products in India. Today, these products have become an inseparable part of our lives, and almost every household is a customer.

Some well-known products by P&G are:

• Gillette
• Pampers
• Whisper
• Tide
• Ariel
• Pantene
• Head & Shoulders
• Ambi Pur
• Oral-B
• Old Spice
• Olay
• Wella

And many such brands.

It is the manufacturer, distributor, and marketer of all the brands and is one of India’s fastest-growing consumer goods companies. To diversify their product range, they also offer ayurvedic products.

The company believes in innovating the products and should get inspired by the local culture. P&G’s share price has risen to ₹14,617, making it the eleventh most expensive stock in India. 

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    10. Bombay Oxygen Investments Ltd.

Current Market Price: ₹12,768
Stock Price in 2000: ₹1,891

Bombay Oxygen Investments, formerly known as Bombay Oxygen Corporation Limited, was incorporated on 3rd October 1960. It initially was into the Chemicals sector. It was a manufacturer, dealer, and supplier of chemical gases like Oxygen, Nitrogen, Argon, and Carbon Dioxide.

The company’s principal income source was its financial holdings in shares, mutual funds, stocks, and other financial instruments. The income from these securities accounted for more than 50% of the revenue generated by the company.

Thus, on 3rd October 2018, the company’s name was changed to Bombay Oxygen Investments Ltd. One share of Bombay Oxygen Investments costs ₹12,768. Therefore, this company has the tenth most expensive stock in India.

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     11. Tasty Bite Eatables

Current Market Price: ₹11,617
Stock Price in 2000: ₹4,630

Tasty Bite Eatables is a company that was corporated in the USA back in 1995. It is a manufacturer of delicious ready-to-make Indian foods. 2 decades later, it has become America’s biggest prepared Indian food manufacturer of Indian meals, Asian meals, and noodles.

Its products are widely available across the USA, Canada, Australia, New Zealand, Japan, and the United Kingdom. The Indian arm of Tasty Bite Eatables was launched in 2006 under the name – Tasty Bite Food Service Business (TBS).

The manufacturing factory is located near Pune, Maharashtra, a rich agricultural region of the Western Region.

The company also ventures into the arena of frozen ready-to-eat foods, sauces, gravies, and many more products. The current price of Tasty Bite Eatables share in India is ₹11,617, making it the ninth most expensive stock in India.

 

Having learned about the most expensive stock in India, you must be wondering what company tops the list on respective stock exchanges. Let’s answer this question too.

Tabulating the above information, it is as follows:

 

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Conclusion

It is a general notion that investors stay away from expensive stocks as they require higher investment. But often tend to ignore the benefits of the high-priced company stocks. The most significant advantage of investing in an expensive stock is the reduced risk.

We know that investing your capital in the stock market is very risky, and we search for ways and methods to minimize the risk involved. Investing in expensive stocks secures your money as such a company has strong fundamentals and superb future growth potential.

When a company has the potential to grow, an investment in the long term might not disappoint you. mrfOn the other hand, one significant disadvantage of investing in expensive stocks is that a massive capital is locked. You can’t access it for the investment period.

We all have this simple query about which is the most expensive stock in India. This query has led you to search for an answer. We hope it has been sorted out.

Thank you for reading.

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