For people who regularly invest in the stock market, knowing the most expensive share in India is not just for general curiosity but to possibly invest in it! Regardless of whether you are a serious investor or simply curious, we urge you to read about the top 10 most expensive shares in India as this information can possibly change your life someday.
As we all know, the stock market can be a volatile place. Prices go up and down all the time, and it can be hard to predict which way the market will turn next. However, there are some shares that are always in demand, regardless of the current economic conditions. These shares are known as blue-chip stocks, and they tend to be the most expensive shares on the market. In this blog post, we will take a look at the most expensive stock in India in 2022.
Top 10 Most Expensive Shares in India
India is home to a thriving stock market, with investors eager to get in on the country’s rapidly growing economy. However, not all stocks are created equal. Some of India’s most expensive shares trade at astronomical prices, often exceeding $1,000 per share. While these companies may be leaders in their respective industries, their high share prices can make them out of reach for many investors. Here is a look at the 10 companies with highest share price in India:
- Page Industries
- Honeywell Automation
- Shree Cement
- 3M India
- Abbott India
- Nestle India
- Bombay Oxygen
1. MRF – Rs. 98,599
Market Capitalisation = 340.14 billion INR
Madras Rubber Factory (MRF) is currently the most expensive share in India, with a share price of Rs. 98,599. The company has a strong history, dating back to 1946 when it was founded. MRF specializes in tyres for cars, bikes, trucks, and buses. It is the largest tyre manufacturer in India and has a wide range of products.
The company’s all-time high share price was reached in November 2012, when it was trading at Rs. 10,000. Since then, the share price has increased significantly. The stock is currently trading at a consolidated PE of 24.71 and has given a return of -9.25% in the last 1 year as of May 2022. MRF has never split its share and has a face value of Rs. 10. Noticeably, this company was trading at a price of Rs. 10,000 in November 2012.
2. Page Industries – Rs. 42,482.20
Market Capitalisation = 580.38 billion INR
Page Industries is the second most expensive stock in India, with a market capitalisation of Rs. 47,436.18 crore. The company operates in the textile industry and manufactures and retails innerwear, loungewear, and socks.
One of its popular brands is Jockey underwear. In the last ten years, the stock has given a return of over 1315%. It is currently trading at a PE of 102.77. Despite its high price, the stock is still seen as a good investment due to its solid performance and strong future prospects.
3. Honeywell Automation – Rs. 31,640.50
Market Capitalisation = 353.51 billion INR
Honeywell Automation India Ltd is currently the third most expensive stock in India with a market capitalisation of Rs. 27,889.66 Cr. It is a part of the Honeywell group from the USA and is well-known for providing integrated automation and software solutions. The product portfolio offered by Honeywell Automation India Ltd covers environmental and combustion controls, sensing and control, etc.
In the last year, the stock has given a return of more than 25.27% to its investors as of May 2022. Further, the company is currently trading at a PE of 82.24. Consequently, the expensive share price of Honeywell Automation India Ltd appears to be justified given the returns and growth prospects associated with the company.
04. Shree Cement – Rs. 21,838.00
Market Capitalisation = 756.57 billion INR
With a market capitalisation of Rs. 79,416.61 crores, Shree Cement is the fourth most expensive share on the Indian stock market. This cement manufacturer is headquartered in Kolkata and was founded in Beawar, Ajmer district, Rajasthan in 1979. As well as cement, Shree Cement also produces and sells power under the name Shree Power and Shree Mega Power.
Currently trading at a standalone PE of 32.11, Shree Cement has given a return of -18.63% in the last 1-year as of May 2022. Despite this recent dip in performance, Shree Cement remains the most expensive share on the Indian stock market due to its strong market capitalisation.
5. 3M India – Rs. 18,034.45
Market Capitalisation = 257.85 billion
3M India Ltd is next on our most expensive share in India list, with a market capitalisation of Rs. 20,261.30 Cr. 3M Company USA holds a 75% equity stake in the company, and it has a diversified portfolio of products in dental cement, health care, cleaning, etc.
The stock is currently trading at a standalone PE of 87.44 and has given a return of -30.99% in the last 1-Year as of May 2022. Despite the high price tag, 3M India remains a popular choice for investors due to its strong fundamentals and market position.
Also read this: Most Expensive Car in India
6. Abbott India – Rs. 18,149.60
Market Capitalisation = 374.35 billion INR
Abbott India is currently the sixth most expensive share in India, with a market capitalisation of Rs. 38,190.06 Cr. The company is headquartered in Mumbai and specialises in pharmaceuticals and drugs. It is a subsidiary of Abbott Laboratories and takes pride in offering high-quality, trusted medicines across multiple therapeutic categories such as women’s health, gastroenterology, cardiology, metabolic disorders, and primary care.
Abbott India is currently trading at a PE of 47.82 and has given a return of over 11.87% in the last year. Though it is the most expensive share on the market at present, investors believe that it is worth the price tag gave the company’s strong track record and promising future prospects.
7. Nestle India – Rs. 17,120.15
Market Capitalisation = 1.80 trillion INR
Nestle India ranks 7th on our most expensive share in India list. With a market capitalisation of Rs. 162,594.02 Cr as of May 2022. Nestle is a food processing company with a wide variety of products, including Maggi, Kit-Kat, Nescafe, and Every day. It is the Indian subsidiary of Nestlé, a Swiss multinational company.
In the last year, Nestle India’s stock has given a return of -1.18%, and it is currently trading at a PE of 76.07. Despite its high cost, Nestle India remains a popular choice for investors due to its strong brand recognition and wide range of products.
8. Bosch – Rs. 14,290.00
Market Capitalisation = 478.49 billion INR
Bosch is one of the most expensive shares in India, with a market capitalisation of Rs. 41,801.05 Cr. It is a part of the German multinational company Robert Bosch (or just Bosch), headquartered in Germany and operates in the Auto Ancillary industry. The company is currently trading at a PE of 34.20 (52-week high – Rs. 19,250) and has given a return of -6.24% in the last 1 year as of May 2022.
Despite the negative return in the last year, Bosch remains a powerful force in the Auto Ancillary industry and ranks 10th on the list of companies with the highest share price in India. Given its strong position in the market, Bosch is likely to continue to be a major player in the industry for years to come.
9. P&G – Rs. 13,257.10
Market Capitalisation = 464.32 billion INR
Procter & gamble hygiene & health care ltd is one of India’s most rapidly rising FMCG companies. With a market capitalisation of Rs. 42,717.03 cr, it is currently trading at a pe of 73.37 and has given a return of 0.99% in the last 1 year as of May 2022.
The company owns some of the world’s most popular brands, including Vicks and whisper, and has a strong portfolio of products across various categories. P&G hygiene and health is a safe bet for long-term investors looking for stability and consistent returns.
10. Bombay Oxygen – Rs. 13,400.10
Market Capitalisation = 1.78 billion INR
Bombay Oxygen Corporation Limited was founded on October 3, 1960, and is known for being the most expensive share in India. The company’s main activity was manufacturing and delivering industrial gases, which was phased down on August 1, 2019. The company has large financial investments in the form of shares, mutual funds, and other financial assets, and the income from these investments is a source of revenue.
Bombay Oxygen has given a return of over -14.83% in the last 1 year as of May 2022. It is currently trading at a PE of 4.60.
Most Expensive Share in India – FAQs
What is India’s most expensive share?
Currently, MRF has the highest share price in India among all the listed companies on BSE/NSE. The all-time high share price of MRF is Rs. 98,599. Interestingly, despite being one of the oldest tyre companies in India, it was only in 2016 that MRF became the most valued company on stock exchanges.
Who is India’s most successful stock trader?
Rakesh Jhunjhunwala is often referred to as India’s Warren Buffet, and for good reason. He is one of the most successful stock traders in India, with an impressive track record of making money in the markets. Over the years, Jhunjhunwala has made a name for himself by taking big bets on undervalued stocks and turning them into massive winners. In fact, his success has been so great that he is now worth over $3 billion!
Can I invest Rs. 100 in the stock market?
Yes, if you want to buy stocks in the Indian market, you can do so with as little as Rs 100. However, there are some limitations to what you can buy with that amount of money. For example, you can only buy shares of companies whose stock is trading below Rs 100 per share. Additionally, in India, you must buy at least one share of a company; you cannot buy fractional shares as is possible in the US market.
How do I choose a stock to buy in India?
There are a number of ways to choose a stock to buy in India. You can use online resources such as stock brokerage websites or online forums to research companies and identify potential investments. You can also consult with a financial advisor to get recommendations. When choosing a stock, it is important to consider factors such as the company’s financial stability, its business model, and the overall market conditions. You should also be aware of the risks associated with investing in stocks, such as the possibility of losing money if the stock price falls.
Most Expensive Share in India – Conclusion
The Indian stock market is a complex and volatile beast, with share prices constantly fluctuating. While this can make investing in stocks a risky proposition, it also provides ample opportunity for those who are willing to take the plunge. For the brave and the bold, we’ve compiled a list of the ten companies with highest share price in India.
With share prices ranging from Rs. 1,000 to Rs. 98,599, these stocks aren’t for the faint of heart. However, for those with a strong stomach for risk, they could provide the chance to make a fortune. So, what are you waiting for? Get investing!