More than 2000 stocks are listed in the Indian share market. These shares are ranging from below one to lakhs. Here, we are talking about the top 10 most expensive stocks in India. Before diving into the ocean of shares, let’s see the power of the share market.
Imagine having Rs. 1,18,00,000 in your trading account!
How?
If you Buy 100 shares of MRF in 2002 when they were around Rs. 700. Today, each share is trading at approximately Rs. 1,18,000.
| Company | Sector | CMP(In Rs.) |
|---|---|---|
| MRF | Automotiv/Tyre | 1,31,400 |
| Honeywell Automation | Industrial Automation | 37,396 |
| Page Industries | Textiles/Apparels | 34,449 |
| 3M India | Diversified Industrial | 30,728 |
| Bosch India | Automotive/industrial Technology | 30,178 |
| Abbott India | Automotive/Industrial Technology | 27,067 |
| Nestle India | FMCG | 26,635 |
| Shree Cement | Cement | 25,361 |
| Yamuna Syndicate Ltd. | Trading | 24,500 |
| P&G(Procter & Gamble Hygiene and Health Care Ltd) | FMCG | 16,441 |
1.) MRF Ltd.
MRF or Madras Rubber Factory, established in 1946 as a small rubber ballon factory is one of the most reputed and valuable companies in India. MRF share is considered the most expensive share in India. It is the first company whose share crosses one lakh Rupee.
The main reason for its high value is the brand image and constant profit growth. It is considered one of the best tire manufacturers in India. MRF also produces treads, tube conveyor belts, paints, and toys. The company’s business is spread over 65 companies.
MRF has a market cap of more than 50,000 crores making it one of the most profitable companies in India
2.) Honeywell Automation Ltd.
Honeywell is the leading Automation solution provider in India and one of the most expensive shares listed in the Indian market. Honeywell Automation is part of Honeywell Group, USA. Company has constantly given strong financial results indicating its robust revenue growth and profitability.
The company mostly focuses on automation and control technologies, which makes it the leading company in the Automation sector. The evolution of technology and constant demand for automation make its share the most valuable and expensive. Honeywell shares have given around 1400% returns in the last 10 years.
3.) Page Industries
Have you heard about Jockey?
Page Industries is responsible for manufacturing and marketing jockey products in India. It is considered one of the Most Expensive stocks in India.
It was registered in 1994 with the name of Page Apparel Manufacturing Private Limited which was further changed to Page Industries Private Limited. The company has a sustained Growth rate of 30% which makes it the leading company in its sector.
4.) 3M India
3M India Ltd. was Founded in 1987 and is a subsidiary of 3M group, USA. The range of products in 3M includes medical devices, consumer goods, tamper-evident labels, adhesives, automotive fillers, and coatings.
3M operated in multiple countries adds its exposure in various markets and strengthens its share price. The company has a record of solid financial growth and is constantly increasing. The company has given 1000% returns in the last 10 years multiplying investors’ money up to 10 times.
5.) Bosch India
Bosch Limited is the global technology and engineering company of the bosch group. The company established itself in India in 1951. It operates in various sectors in India, including mobility solutions, industrial technology, consumer goods, and energy and building technology.
With a strong global brand reputation for its quality, reliability, and advanced engineering, it became a leading technology and service provider in India. Bosch’s strong position particularly in automotive technology contributes to its share price.
Technology advancement, Innovation, and research made it one of the most expensive shares in India. The company has delivered more than 120% returns in the last three years.
6.) Abbott India Ltd.
Abbott India is a subsidiary of Abbott Laboratories, one of the most prominent players in the pharmaceutical sector and healthcare Industry. It offers a wide range of pharmaceuticals, nutritional products, and healthcare solutions, providing a multi-dimensional presence in the healthcare market.
The company Invests its major portion in research and development to produce new advanced healthcare solutions. With the increasing healthcare and wellness demand, Abbott India is showing a great growth potential which boosts the confidence of investors. India’s demographics and evolving healthcare needs offer opportunities for Abbott India to expand its product offerings and capitalize on the growing market.
7.) Nestle India Ltd.
Whenever we want to cook something in 5 minutes, we try Maggie.
Whenever we do some hectic work, we all need a sip of Nescafe.
Do you know which company owned it?
It is Nestle, a Swiss multinational company.
Nestle India is a subsidiary of Nestle, a global food and beverage giant. There are many popular brands owned by Nestle: Maggie, Nescafe, KitKat Chocolate, and Nestle Milkmaid.
FMCG is growing rapidly in India. Market expansion and Increased consumer demand are beneficial for Nestle. Due to Its innovation and outstanding marketing strategies, Nestle became one of the most expensive shares in India. In the last 10 years, Nestle has given around 500% returns to its investors.
8.) Shree Cement
Do you know the Owners of CSK(Chennai Super Kings)?
Yes, Shree Cement Ltd owns CSK.
Shree Cement is the leading cement manufacturer in India with headquarters in Kolkata and manufacturing units in six states. The Company owns three brand names Shree Ultra Jung Rodhak Cement, Bangur Cement, and Tuff Cemento.
Shree Cements is famous for its lower production costs and higher profitability. The company has maintained a strong balance sheet throughout the years. The company is expanding its projects in various regions and meeting the increasing cement demand in India.
The government is continuously boosting the Infrastructure sector and it is going to touch the market of 300 billion dollars in the future which will be directly profitable for Shree Cement Ltd.
9.) Yamuna Syndicate
Yamuna Syndicate is involved in the trading and marketing of various products. The company started its business in 1955 by trading tractors with dealerships for prestigious companies in India. It trades in batteries, lubricants, petrol pumps, electrical goods, agriculture products, electrical goods and automotive lubes. The Company’s segments include Batteries, Oil and Lubricants, Agriculture Products, and other segments.
Yamuna Syndicate has been listed in the Stock market since 2018. Since then, it has given massive 1100% returns to its investors.
10.) P&G
P&G is a renowned multinational company that showed its significant presence in sectors such as beauty, grooming, health care, fabric and home care, and baby, feminine, and family care products.P&G established its presence in India in 1964. The company boasts a long 180-year history, originating from its establishment in America in 1837.
It has a diverse portfolio trusted by consumers globally. The company invests a heavy amount in its research. According to a report, P&G has invested around 2 Billion Dollars in research and development. Each year, it invests at least another US$400 million in various foundational consumer research to find opportunities for innovation.
Due to its constant financial growth and revenue performance, it became one of the most expensive shares in India. In the last 10 years, It has given more than 800% returns to its investors.
Why are some shares so expensive?
If I ask a question, which is the biggest company in India?
You will say Reliance, TCS, and Infosys. Let’s see the comparison by market cap in Indian Currency.
- Market cap of Reliance: 17 Lakh Crores+
- Market Cap of MRF: 50 thousand Crores+
- Share Price of Reliance: 2500+
- Share Price of MRF: 1,15,000+
Then Why the share of MRF is more expensive than Reliance?
Let’s understand with an example. You have 10 chocolates for 100 rupees and your friend has the same chocolate for 10 rupees.
The quantity that made a difference in the price. Reliance has more than 675 Crore shares open for buying and selling whereas MRF has a mere 42 Lakh. The answer lies in the number of outstanding shares. The more outstanding shares, the less the share price.
When a stock price goes up a lot, the company may decide to split the stock. This means they divide each share into smaller parts. For instance, if you had 100 shares worth Rs. 5000 each, after the split you would have double the shares, but the price of each share would be cut in half. Despite this change, the total value of your investment stays the same.
What is the reason for the company to do this?
To make prices affordable for retail investors.
When the price is high, the majority of people cannot afford to purchase even a single share. Buying a reliance’s share of 2500 is more easy than buying a MRF’s share of 1,15,000. MRF and most of the above(Move to table) listing companies don’t split their shares.
