Top 10 Most Expensive Stocks in India 2023: When investing in the stock market, most investors, especially beginners, keep an eye on stock prices. However, stock value is more important than price. Most investors prefer stocks with lower prices and ignore those with higher prices. But here’s the thing: cheap stocks are more vulnerable to risks than expensive stocks. Most investors prefer lower priced stocks because they fit into any budget and allow them to buy more in a limited amount.
Over 7,400 stocks are listed on the BSE and NSE (NSE count is quite less at 2,011). Most stocks in India trade for less than ₹1,000 per share. Furthermore, approximately 3,700 Indian stock exchange companies have share prices of less than ₹500 per share.
Why Invest in a High-Priced Share in India?
If you bought some good stocks based solely on their high price, you may have made a huge mistake. Although these stocks cannot be purchased in bulk due to their high price, they do provide several benefits to investors. It is not the quantity of shares that is important, but rather their value and ability to generate profit. Enough with the examples, here are some of the best benefits of investing in high-priced stocks:
- To begin with, expensive stocks are much less vulnerable to market risks than cheaper stocks. The reason for this is simple: in the case of expensive stocks, shareholding is distributed among a small number of investors. Most of these few investors are long-term institutional investors, making stock price manipulation extremely difficult. So, in this case, a lack of liquidity is a hidden blessing.
- Investing in expensive stocks encourages investors to conduct extensive research and analysis because they only must buy a couple of stocks for say Rs. 1 lakh.
- Most companies do not split their stocks, which reduces the supply of shares and makes them more expensive.
List of Top 10 Most Expensive Stocks in India 2023
There are a few stocks, however, that trade in multiples of thousands of rupees. A high stock price is determined by a variety of factors such as the company’s financial performance, share split, future plans, investor confidence, and many others.
In this section, we will discuss the most expensive stocks in India, with a particular emphasis on the companies with the highest stock price in India. Based on the current share price quoted on stock exchanges as of August 2022, we have the below mentioned companies:
1 – MRF (₹86,009.95)
Madras Rubber Factory (MRF) is a well-known tyre manufacturer that produces a diverse range of tyres. The company specialises in car and bike tyres, truck, and bus tyres, and so on.
MRF has the highest share price in India among all companies listed on the BSE/NSE now. MRF’s all-time high share price is Rs. 86,009.95. The stock currently has a P/E ratio of 58.71.
The stock’s price has risen significantly since it was only Rs. 10,000 in late 2012. The stock price of MRF is so high because the company has never split its shares and has strong fundamentals.
2 – Page Industries (₹47,499.95)
Page Industries is a manufacturer and distributor of innerwear, loungewear, and socks based in India. Jockey is the company’s most well-known brand, and it also has an exclusive licence to distribute Speedo International Ltd. products. The company’s stock is a multibagger, especially considering its initial listing price of Rs. 600 in 2007 vs. today’s price of nearly Rs. 47,499.95.
The stock price reflects the company’s strong fundamentals and the support of two very strong brands. The stock’s PE is currently 75.35.
3 – HAIL (Honeywell Automation India Ltd) (₹38,430.50)
Honeywell Automation, or Hail, began in 1987 as a joint venture between Honeywell and Tata Group. After more than two and a half decades, Hail purchased all of Tata Group’s stakes and became an independent company in 2004. They now work in industries such as oil and gas, power generation, electronics hardware, paper and printing, fire detection systems, programming and software development, and so on.
With over 120000 employees in over 100 countries around the world, they have one of the most expensive share prices in India.
4 – 3M India Limited (₹23,577.10)
3M is a life science application corporation founded in 1987. At the moment, the company offers a diverse range of products such as commercial solutions, automotive, healthcare, transportation, electronics, and so on. They have a share price of 23,577.10, placing them fourth on the list of the highest share prices in India.
5 – Shree Cement Private Limited (₹22,757.25)
If you’re a fan of the IPL (Indian Premier League), you’ve probably heard of Shree Cements. They are the owners of the legendary Chennai Super Kings, for those who are unaware (CSK). They are regarded as one of India’s most reputable cement manufacturers. Their manufacturing facilities are in six Indian states. Shree Cement’s share price is Rs. 30305.40, with a market capitalization of Rs. 1 trillion.
6 – Abbott India Pvt. Ltd. (₹19,201)
Abbott is a multinational pharmaceutical company that was founded in the United States and expanded into India in 1910. The company’s share price has reached Rs.19,201 as a result of its high-quality products and services in the pharmaceutical and healthcare industries. Abbott is one of the most sought-after companies in the eyes of investors, with a market capitalization of Rs. 31703.43 crore.
7 – Nestle India Pvt. Ltd. (₹20,300)
Nestle is one of India’s largest FMCG brands. It has been serving the country for over 150 years and has over 2,000 products. With a share price of Rs. 20,300, it is one of the most expensive shares in the world, not just in India.
8 – Bosch Inc. (₹16,791.55)
In 1951, Bosch entered the Indian market. When it comes to mobility solutions and industrial technologies, they are market leaders. The company has approximately 7 development centres and 18 manufacturing units located throughout the country. Furthermore, the current share price of Bosch is Rs.16,791.55, making it one of India’s most Expensive Stocks.
9 – P&G (Procter & Gamble Hygiene and Health Care Ltd) (₹13,750)
P&G has been named one of the top FMCG companies in the country. In fact, their products are used by two out of every three people. The rate at which they are growing clearly demonstrates their performance. Their share price is Rs.13,750, making it one of the most expensive in the country.
10 – Syndicate Yamuna Ltd. (₹12,598.95)
Yamuna Syndicate was founded in 1955 and operates in a variety of industries such as agrochemicals, auto parts, consumer electronics, and so on. They have also begun trading tractors with Haryana, Punjab, Uttar Pradesh, and Himachal Pradesh branches. Furthermore, since 2001, the company has been a notable franchise of Amara Raja Batteries Limited. They have also sold Ashok Leyland, Hindustan Motors, and Yamaha motorcycles. Their stock is worth Rs. 12,598.95.
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Although investing in these companies may attract large investments for fewer shares, their growth in the past has been significant.
However, the stock market is volatile, and things could change at any time. So, before investing, take calculated steps and conduct extensive research, and make sure you understand the risks involved.
Disclaimer: Please do your homework before investing in a company. The purpose of this blog is solely educational. The securities mentioned are illustrative and not recommended.