Top 10 Most Expensive Shares in India

Most shares on the Indian stock market typically trade for less than Rs 1,000 a share. Additionally, the share price of 3500 companies registered on the Indian stock market is less than Rs 500 per share. However, many equities trade for multiples of thousands of rupees.

1. Introduction

On Indian stock exchanges, most shares frequently trade for less than Rs. 1,000 per share. Few equities, nevertheless, are sold 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.

Therefore, do pricey stocks reflect a company's valuation? Actually, sometimes. A company's share price may be influenced by factors other than its value, such as the supply and demand for its stock. Illiquid equities may attract a greater value, whereas liquid stocks may trade for less money. For example, a company with a share price of Rs. 2,000 may be undervalued compared to its competitors.

Here, we'll talk about the priciest stocks in India, concentrating primarily on the businesses with the highest stock prices there. Based on the current share price posted on the stock exchanges as of August 2023, we have narrowed down the top 10 most expensive stocks.

Most investors, especially novices, keep a watch on stock prices while making stock market investments. However, rather than merely the price, a stock's worth is what matters most. Most investors choose stocks with lower prices and disregard those with higher prices. But here's the thing: Cheaper equities typically have higher risk exposure than more expensive stocks.

The majority of investors are drawn to cheaper stocks since they are more affordable and allow for the purchase of larger quantities of stock. In this essay, we'll talk about India's priciest share and some connected topics. So let's get started without further ado!

2. Why Invest in Expensive Shares in India? 

You might have been in grave error if you bought some outstanding stocks based solely on their exorbitant price. Even though these stocks are expensive and cannot be bought in large quantities, they have a number of benefits for investors. The worth and capacity for profit-making of the shares, not their number, are what you should be focusing on. Having finished with the examples, let's look at some of the top benefits of placing your money in expensive stocks:

First off, when compared to cheaper equities, costly stocks are significantly less susceptible to market dangers. The obvious explanation is that very few investors hold most of the shares in expensive stocks. The majority of these select few investors are long-term institutional investors, making it incredibly challenging to manipulate stock prices. Therefore, the lack of liquidity is a secret blessing in this instance.

Since it only takes a small amount of money, say Rs. 1 lakh, to purchase a few stocks, investing in pricey stocks motivates investors to conduct extensive study and analysis.

Because few businesses split their shares, they become more scarce and expensive.

Simply said, pricey stocks assist you in developing into a knowledgeable and careful long-term investor. For instance, if you only bought two MRF stocks, it is quite unlikely that you will sell one to raise money for another investment, indicating that you are a patient long-term investor. On the other hand, if you own 1000 shares of less expensive stock, you might easily sell 400 to 500 of them to raise the necessary funds to purchase other appealing equities. We believe we made our point. The value of stocks, not their quantity, is what is important.

Always remember that just because a stock is pricey and out of your price range doesn't mean it is worthless. If something is expensive, there is a good reason for it to be thus. Simply examine the price-to-equity (P/E) ratio to see whether it is worthwhile to invest in. If it is within the normal range, it is.

Let's move on to the list of the top 10 share prices in India now that you are aware of what an expensive stock is and why you should think about investing in the highest share price.

3. Top 10 Highest Stock Prices in India

Let’s discuss top highest stock prices in India

Page Industries Ltd (₹49,642.40)

You must be familiar with JOCKEY, a prestigious underwear and swimwear company from the United States. For the production and promotion of JOCKEY products in India, Nepal, Bangladesh, the United Arab Emirates, and Sri Lanka, Page Industries holds the license. Additionally, they own the Speedo International manufacturing and marketing license for India. Due to their expansion and superior service, their share prices are in the top 10 in India.

The stock now has a market value of 49,642.40. Both the all-time high and all-time low were 54,026.55 and 240.00, respectively.

Shree Cement Ltd (₹22,963.60)

If you enjoy playing cricket and follow the IPL, you must be familiar with Shree Cements (proud owners of CSK). They are one of India's top cement producers, with production facilities spread across six states. It is also one of the most costly shares in India, with a market valuation of more than $1 trillion.

The stock now has a market value of 22,963.60. Its record high is 32,048.00, and its record low is 19.88.

If you follow the Indian Premier League, you undoubtedly know about Shree Cements. They are the proprietors of the storied Chennai Super Kings, for those who don't know (CSK). They are listed as one of India's most well-known cement producers. Their production facilities are dispersed throughout six Indian states. The share price of Shree Cement is Rs. 30305.40, and the company has a massive market size of $1 trillion.

Nestle India Ltd (₹20,425.30)

Nestle is a multinational corporation with its headquarters in Switzerland. Nestle India Limited is one of its wholly-owned subsidiaries. The company's primary market is the food industry.

A completely owned subsidiary of Nestle SA, the largest food corporation in the world by revenue with its headquarters in Switzerland, is Nestle India. 62% of Nestle India is still owned by Nestle SA. NESTLE began conducting business in India in 1912 while it was still known as The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited.

The company was then involved in the importation and sale of finished goods in the Indian market. Through the years, the company's presence in India grew steadily.

For the vast majority of the product categories in which it competes, the company is well-established on the market. The company was a market leader in the culinary area, with a large range of products offered under the Maggi trademark.

The company is one of the top two rivals in the bulk of the product categories offered by the company, including beverages, prepared foods and kitchenware, chocolate and confectionery, and more.

The stock now has a market value of 20,425.30. Its record high is $20,609.15, and its record low is $2,295.00.

Bosch Ltd (₹16,322.25)

Bosch produces a variety of commodities in the areas of energy, industrial technology, consumer goods, and mobility solutions. Its prospects for the future are promising, given predictions of strong demand in the automotive industry and ongoing attention to enhancing content per car.

Bosch Ltd. is a representative of the markets for consumer products, energy, building technology, automotive, industrial, and industrial technology. This company manufactures and sells a variety of goods, including diesel and gasoline fuel injection systems, automotive aftermarket items, industrial equipment, electrical power tools, security systems, and industrial and consumer energy supplies. One of the most costly shares in India is this one.

The stock's current market value is 16,322.25 dollars. Its record high is 27,990.00, while its record low is 157,000.00.

Lakshmi Machine Works Ltd (₹13,046.70)

Lakshmi Machine Works Limited engages in a variety of businesses, including the production and distribution of heavy castings, CNC machine tools, textile spinning equipment, and parts and components for the aerospace industry.

The stock now has a market value of 13,046.70. Its record high is 13,354.00, and its record low is 48.20.

Lakshmi Machine Works Limited (LMW), one of only three companies in the world to produce the whole spectrum of spinning machinery, is a renowned manufacturer of textile machinery in India. LMW was established in 1962 to give Indian textile mills access to cutting-edge spinning technology. In addition to serving the home market, it also exports goods to Asia and Oceania.

LMW expanded into the production of CNC machine tools and is a market leader in the creation of customized goods. LMW Foundry produces Precision casting for a variety of sectors across the world. LMW expanded by opening an Advanced Technology Center to produce parts for the aerospace industry.

MRF LTD (₹ 91,248.15)

The Madras Rubber Factory Limited (MRF) acts as the MRF Group of Companies' parent company. One of the various endeavors the corporation engages in is the production of tires.

Tires, the company's main offering, are made for automobiles, two-wheelers, three-wheelers, trucks, agricultural tractors, light commercial vehicles (LCV), light pickup vehicles (SCV), medium commercial vehicles (MCV), and intermediate commercial vehicles (ICV).

Additionally, it manufactures prereads, paints, coatings, and sporting goods. It also manufactures toys, games, and puzzles for kids under the company-owned brand Funskool.

With a market share of 29% in FY21, the company was the biggest player in the Indian tire industry. In addition, it came in at No. 6 among the top 10 strongest brands in the nation. The stock's current market value is 91,248.15. It is at an all-time high and low, respectively, 98,599.95 and 401.00.

Honeywell Automation India Ltd (₹40,395.75)

It began as a joint venture between Tata Group and Honeywell in 1987 and is also known as HAIL. After later purchasing all of Tata's holdings, HAIL became independent in 2004. Their activities span paper and printing, electricity production and transmission, electronics hardware, fire detection systems, and software creation and programming, in addition to the refinement of oil and gas.

They are one of the most expensive shares in India, with more than 120000 employees spread over more than 100 different nations. The stock's current market value is 40,395.75. It is all-time high and low were, respectively, 49,990.00 and 90.00.

3M India Ltd (₹22,871.95)

It is a life science application company that was founded in 1987 under the name Birla 3M Ltd. It specializes in a variety of products, including those related to the automobile, business solutions, health care, electronics, transportation, etc. They rank among India's top ten share prices. The stock is currently trading at $22,871.95. Its record high is $31,000.00, while its record low is $223.25.

The 3M Firm USA's subsidiary in India is 3M India Ltd, and the parent company owns a 75% stock position in the business. Its product line is diverse and includes things like dental cement, health care, cleaning supplies, etc. In addition to these, it also produces signage, window films, adhesives, and paint protection films. Scotch Brite, Scotch Tapes, Post Its, Scotchgard adhesive, and other well-known 3M goods are just a few.

This company is backed by mutual funds and foreign institutional investors, which is a sign of its strength. The PE for this stock at the moment is 77.31.

Abbott India Ltd (₹19,481.80)

One of the most prosperous international pharmaceutical companies operating in India is Abbott India Ltd. Almost primarily within India, the business distributes its products through independent distributors. It was initially created in 1944.

The parent company of this business subsidiary is Abbott Laboratories. More than 160 countries throughout the world are home to the organization, which has a history spanning more than 130 years. One of the most expensive stocks in India is their share price.

The stock now has a market value of 19,481.80. Its record high was 23,934.45, and its record low was 219,48.

Procter & Gamble Hygiene and Health Care Ltd (₹14,131.05)

In India, P&G Hygiene and Health Care are one of the top 10 FMCG firms. It's likely that you're utilizing their product right now. This company's growth rate can be used to explain P&G's expansion. Their stock price is among the top ten highest share prices in the world due to its extreme highness.

The stock is currently trading at $14,131.05. Its record high is 16,448.70, and its record low is 226.02.

P&G Hygiene and Healthcare is one of India's fastest-growing FMCG companies, including brands like Whisper and Vicks. It mostly works in the femcare and healthcare industries, but it has just entered the Ayurvedic field.

4. Summary

These were the businesses in India with the highest share prices. These are all the most reputable and well-known businesses that have been active in the Indian industry for many years. In comparison to low-priced stocks, holding costly shares offers better returns and lower risk. As a result, making an investment in them can eventually help you make more money.

While many novice investors extend their budgets to invest in these expensive stocks, many seasoned investors may find it impossible to purchase them. Even with smaller deposits like Rs. 500, investing in mutual funds may prove to be a simpler way to indirectly hold these expensive stocks.

The aforementioned list of stocks is neither exhaustive nor a suggestion; it was chosen based on share price movements. The investor's choice to invest in stock completely hinges on their research of the business. Investors should, therefore, only think about investing after thoroughly analyzing the stock.

FAQs

Q1: Which Industry Will Boom in the Future in India?

Information technology is the sector that is predicted to prosper in the near future while considering market dynamics. In addition, it is anticipated that the real estate, healthcare, utilities, and other sectors will experience growth in the years to come.

Q2: Which Share Gave the Highest Return in the Last 20 Years?

In fact, the businesses on this list may show that it's quite difficult to anticipate which ones will succeed in the future.

• MRF LTD (₹ 91,248.15)

• Page Industries Ltd (₹49,642.40)

• Honeywell Automation India Ltd (₹40,395.75)

• Shree Cement Ltd (₹22,963.60)

• 3M India Ltd (₹22,871.95)

Q3: Is a Higher Priced Stock a Better Investment Than a Lower Priced Stock?

Purchasing more relatively inexpensive stocks or less of a relatively pricey stock has no effect. There may be a percentage gain (or reduction) in the share price after investing in a stock. This produces gains (or losses) and is a key step in the investing process.

Q4: Are High-Price Shares Risky to Invest in?

High-priced equities, on the other hand, are less hazardous because of their reputation and market size. As a result, they are regarded as safe for investment. The Security and Exchange Board of India (SEBI) keeps track of all stock market activity.

Q5: Are High-Priced Stocks Less Volatile?

Since investors typically choose to hold these investments for the long term, high-priced equities may be less volatile than low-priced ones.