Most Expensive Stocks in India: Why Invest in Them?

top 10 highest share price in India
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Top 10 Highest Share Prices in India: Introduction

While investing in the stock market, most investors, especially beginners keep an eye out on the prices of the stocks. However, it's the value of stocks that really matters and not just the price. A majority of investors pick stocks that have lower prices and simply ignore the pricey stocks. But here is a thing, cheaper stocks tend to be more vulnerable to risks as compared to pricey stocks. The lower-priced stocks attract most investors as they can fit into any budget and investors can buy more in a limited amount. In this article, we will discuss the costliest share in India along with other aspects related to them. So, without any further ado, let's get started! 

Summary in Brief

  • Why Invest in An Expensive Share in India?
  • List of Top 10 Highest Stock Prices in India 
  • Bottom Line 
  • Frequently Asked Questions (FAQs)

Why Invest in An Expensive Share in India? 

If you've some really good stocks just by looking at their high price tag, then you might have made a huge mistake. Although these stocks can't be purchased in bulk because of their price, they offer several advantages to investors. It's not the quantity of the shares that matters, but it's their value and ability to generate profit is what you should look for. Enough of the examples, let's now look at some of the best advantages of investing your money in high-priced stocks:

  • First of all, expensive stocks are much less vulnerable to market risks as compared to cheaper stocks. The reason behind this is simple, in the case of pricey stocks, the shareholding is divided among very few investors. Out of these few investors, most of them are long-term institutional ones, which makes it very difficult to manipulate the prices of stocks. So, in this case, the absence of liquidity is sort of a hidden blessing. 
  • Investing in expensive stocks encourages investors to carry out deep research and analysis as they just have to buy a couple of stocks for say an amount of Rs. 1 lakh. 
  • Most companies don't split their stocks, and thus it reduces the supply of shares making them expensive. 

In simple terms, expensive stocks help you in becoming a smart and mindful long-term investor. For instance, suppose you have purchased just two stocks of MRF, it is very unlikely that you'll sell one stock to get cash for another investment, which makes you a patient long-term investor. On the other hand, suppose if you have 1000 shares of some cheaper stock, you can easily sell 400-500 out of them to get enough cash to invest in other attractive stocks. We hope you got the point. It's the value of stocks that matters and not their quantity. 

Always keep in mind that just because a stock is expensive and doesn't fit in your budget, doesn't mean it is useless. If it is expensive, it is like that for a valid reason. Simply look at its Price-to-equity (P/E) ratio, if it is in the standard range, it is totally worth investing in. 

Now that you've understood what an expensive stock is and why you should consider investing in the highest share price, let's move on to the list of top 10 share price in India. 

List of Top 10 Highest Stock Prices in India 

Below is a list of the most expensive stock in India:

Stock Stock Price (Rs.)P/E Market Cap
MRF72,10045.1429,868.57
Page Industries 39,997.40 83.5546,302.97
HAIL 34,455.75 90.0729,004.22
3M21,165.8086.31

23,287.72


 

Shree Cement 19,285.15 29.5569,267.82
Abbott 18,165.5547.89

38,370.61


 

Nestle 17,306.0078.031,61,671.32
Bosch 14,619.0035.3742,359.80
P & G13365.3066.5650,514.10
Yamuna Syndicate 11799.006.7712,700

As of June 28th, 2022.

Disclaimer: The securities quoted are exemplary and not recommendatory. Past performance is not indicative of future returns

 MRF (Madras Rubber Factory) 

MRF is a well-known and reputed tyre manufacturer in India with a market cap of Rs. 31,413.13 Cr. The company is known for producing a wide range of high-quality tyres for cars, buses, trucks, tractors, bikes, etc. 

At present, MRF is the most expensive share in India as compared to all the companies listed on NSE and BSE. The highest share price of MRF is recorded at Rs. 98,599. Moreover, the P/E value of this stock is 45.14, which is in the range of standard value within the industry. 

Page Industries Ltd

You must have definitely heard of JOCKEY, one of the most popular swimwear and innerwear brands based out of the USA. Page Industries is a licensed company that manufactures and sells JOCKEY products in India, UAE, Bangladesh, Nepal, and Sri Lanka. Moreover, they also have the license of Speedo International for marketing and manufacturing their products in the country. Their growth and performance have pushed them to number two on the list of most expensive shares in India. 

HAIL (Honeywell Automation India Ltd)

Honeywell Automation Or Hail originally started as a joint venture between Honeywell and Tata Group, in 1987. After more than two and a half decades, Hail purchased all the stakes from Tata Group and became an individual company in 2004. Today, they operate in sectors like oil and gas, power generation, electronics hardware, paper and printing, fire detection systems, programming and software development, etc. 

With more than 120000 employees in about 100 countries from all across the globe, they offer one of the costliest share prices in India. 

3M India Ltd

3M is a life science application corporation that was established in 1987. At present, the company deals in a diversified range of products including commercial solutions, automotive, healthcare, transportation, electronics, etc. They have a share price of  ₹ 25532.50 and hence ranked fourth in the list of highest share prices in India. 

Shree Cement Ltd

If you are a fan of IPL (Indian Premier League), then you must be definitely aware of Shree Cements. For those who don't know, they are the owners of the legendary team Chennai Super Kings (CSK). They are named among the most reputed cement manufacturers in India. Their manufacturing units are spread in six Indian states. With a huge market cap of 1 Trillion, the share price of Shree Cement is Rs. 30305.40. 

Abbott India Ltd

Abbott is a multinational pharmaceutical company that was originally established in the USA and entered India in 1910. Because of the highest quality products and services in the pharmaceutical and healthcare industry, the share price of the company has touched Rs.14919. With a market cap of Rs. 31703.43 crore, Abbott is among the most sought-after companies in the eyes of investors. 

Nestle India Ltd

Nestle is one of the biggest FMCG brands in India. With more than two thousands products, it has been serving the country for more than 150 years. With a share price of Rs. 17,306, it is one of the most expensive shares not just in India but also in the whole world. 

Bosch Ltd

Bosch entered the Indian market in 1951. They are market leaders when it comes to mobility solutions and industrial technologies. The company owns around 7 development centres and 18 manufacturing units spread all over the country. Further, the current share price of Bosch is Rs.13647 and thus it is among the most expensive stocks in India. 

P & G (Procter & Gamble Hygiene and Health Care Ltd) 

P&G is named among the best FMCG companies in the country. In fact, two out of every three people use their products. Their performance can be seen clearly by the rate at which they are growing. Their share price is Rs.13,365, one of the highest in the country. 

Yamuna Syndicate Ltd

Yamuna Syndicate was established in 1955 and operates in many sectors including agrochemicals, auto parts, consumer electronics and so on. They have also started trading tractors with the branches of Haryana, Punjab, Uttar Pradesh, and Himachal Pradesh. Moreover, the company is a notable franchise of Amara Raja Batteries Limited since 2001. Further, they have sold Ashok Leyland, Hindustan Motors, Yamaha motorcycles, etc. Their share price is Rs. 12,100.

Final Words 

So, these were the companies with the most expensive share prices in India. All of these are the most established and reputed companies that have been operating in the Indian market for years. Talking about holding expensive shares, they offer better returns and low risk as compared to low-priced stocks. Hence, investing in them can help you earn better profits in the long run. 

Important things to remember:

1. Do Not Blindly Follow Hot Tips

No matter how credible the source is, never follow a stock marketing tip blindly without conducting thorough research personally. Always select the stocks after doing proper research and analysis on the performance as well as the companies. While some tips can work out to give you huge benefits, the wrong ones can push you down under the risk pretty quickly. 

2. Eliminate Loser Stocks from Portfolio 

There is absolutely no guarantee that a stock will rise after a great fall. Know that it is extremely important to be practical about what is possible and what's impossible in the stock market. So, upon realizing that a stock is performing poorly in your portfolio, accept your mistake and sell it immediately to prevent further losses. 

3. Don't Exceed Your Investment Budget Abruptly 

While it's true that long-term investments are way better than other forms of investment, you shouldn't exceed your investment budget in a haste. Instead, decide on a fixed amount and invest it across various good stocks. Rather than investing in only one stock, divide your budget evenly across multiple good-performing stocks and shares. 

Disclaimer: The securities quoted are exemplary and not recommendatory. Past performance is not indicative of future returns
 

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