Which is the Most Expensive Share in India? Top 10 High Value Stocks in 2024
“Which is the most expensive share in India?” – This is a common question for investors and market enthusiasts. Well, high-priced shares usually belong to well-established companies with a strong market presence and a history of solid performance. In India, several companies have shares that stand out because of their high prices. Investing in these high-value shares might be attractive, but it’s important to be cautious and have a well-thought-out strategy due to their cost and potential risks.
In this article, we’ll look at the top 10 most expensive shares in India, explaining what makes them noteworthy and why they have high valuations. Let’s also dive into factors to consider before investing, how to invest, benefits, challenges and more.
10 Most Popular Expensive Shares in India
Here, we have prepared a list of the top 10 most expensive shares in India on the basis of industry, market cap, close price, and ROI. These are companies that have the top 10 share price in India:
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Return (%) |
|---|---|---|---|---|---|
| MRF Ltd | Tires & Rubber | 55,575.75 | 125,580.70 | 26.70 | 25.44 |
| Honeywell Automation India Ltd | Electronic Equipments | 45,944.71 | 57,926.80 | 91.63 | 38.24 |
| Kaycee Industries Ltd | Electrical Components & Equipments | 278.51 | 51,745.60 | 61.89 | 366.06 |
| Page Industries Ltd | Apparel & Accessories | 39,657.49 | 38,512.70 | 69.67 | 0.06 |
| 3M India Ltd | Stationery | 34,574.81 | 36,489.25 | 59.26 | 29.66 |
| Yamuna Syndicate Ltd | Commodities Trading | 998.17 | 32,668.00 | 8.03 | 183.82 |
| Bosch Ltd | Auto Parts | 90,958.83 | 32,327.80 | 36.51 | 69.50 |
| Shree Cement Ltd | Cement | 91,848.78 | 27,538.00 | 38.34 | 4.96 |
| Abbott India Ltd | Pharmaceuticals | 55,656.28 | 27,464.90 | 46.33 | 24.62 |
| Bombay Oxygen Investments Ltd | Conglomerates | 284.94 | 19,131.85 | 4.95 | 73.96 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data in the list of most expensive shares in India is from 18th June 2024. This data is derived from Tickertape Stock Screener.
🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.
Highest Priced Share in India: An Overview
Let’s understand the top 10 highest share price in India in detail. These companies have the highest share price in India and would answer all your questions about which is the costliest share in India:
MRF Ltd
Founded in 1946 by K. M. Mammen Mappillai, MRF Ltd (Madras Rubber Factory) is one of the largest manufacturers of tires in India and has a significant presence in the global market. The company is well-known for its high-quality products and robust R&D capabilities.
As of 18th June 2024, MRF Ltd had a market capitalization of Rs. 55,575.75 cr. and a stock price of Rs. 125,580.70. The PE ratio stands at 26.70, and the stock has provided a 1-year return of 25.44%. MRF recently announced the launch of new eco-friendly tires, aiming to capture the growing demand for sustainable products.
MRF’s high stock price can be attributed to its strong market presence, continuous innovation, and the premium quality of its products, which command higher prices. Additionally, MRF’s consistent financial performance and strategic expansions contribute to investor confidence.
Honeywell Automation India
Honeywell Automation India Ltd, a part of the Honeywell group, was established in 1987. It provides integrated automation and software solutions to various industries, including automotive, oil and gas, and manufacturing.
As of 18th June 2024, Honeywell Automation India Ltd had a market capitalization of Rs. 45,944.71 cr. and a stock price of Rs. 57,926.80. The PE ratio is 91.63, with a 1-year return of 38.24%. Honeywell Automation recently secured a major contract for providing automation solutions to a leading oil and gas company in India
The high trading price of Honeywell Automation India Ltd can be attributed to its leadership in automation solutions and its consistent performance in high-growth sectors. The company’s robust technological capabilities and strong global brand may also be adding to its market value.
Kaycee Industries Ltd
Kaycee Industries Ltd, founded in 1942, specialises in manufacturing electrical components and equipment. The company has a strong reputation for quality and innovation in the electrical industry.
As of 18th June 2024, Kaycee Industries Ltd had a market capitalisation of Rs. 278.51 cr. and a stock price of Rs. 51,745.60. The PE ratio is 61.89, with a remarkable 1-year return of 366.06%. Kaycee Industries announced the development of a new range of smart electrical components, catering to the rising demand for IoT-enabled devices.
Kaycee Industries’ high stock price can be due to its niche market position, innovative product range, and significant improvements in financial performance. The company’s focus on expanding its product portfolio has also driven investor interest.
Page Industries Ltd
Page Industries Ltd, founded in 1994, is the exclusive licensee of Jockey International in India, Sri Lanka, Bangladesh, Nepal, and the UAE. The company is a leader in the innerwear and leisurewear segment.
As of 18th June 2024, Page Industries Ltd had a market capitalization of Rs. 39,657.49 cr. and a stock price of Rs. 38,512.70. The PE ratio is 69.67, with a 1-year return of 0.06%. Page Industries has recently expanded its product line to include athleisure wear, tapping into the growing trend of fitness and active lifestyle.
Page Industries’ stock price reflects its strong brand equity and dominant market position in the innerwear segment. Despite the modest 1-year return, the company’s focus on brand expansion and product innovation may seem to be supporting its high valuation.
3M India Ltd
3M India Ltd, established in 1987, is a subsidiary of the American multinational conglomerate 3M. It operates in various sectors, including consumer goods, health care, and industrial products.
As of 18th June 2024, 3M India Ltd had a market capitalization of Rs. 34,574.81 cr. and a stock price of Rs. 36,489.25. The PE ratio is 59.26, with a 1-year return of 29.66%. M India has introduced a new range of sustainable office supplies, aligning with the increasing demand for eco-friendly products
3M India’s high stock price may be driven by its diversified product portfolio, strong innovation pipeline, and consistent revenue growth. The company’s ability to adapt and innovate in various sectors may also contribute to its premium valuation.
Yamuna Syndicate Ltd
Yamuna Syndicate Ltd, established in 1954, engages in the trading of various commodities, including petroleum products, fertilisers, and automotive parts.
As of 18th June 2024, Yamuna Syndicate Ltd had a market capitalization of Rs. 998.17 cr. and a stock price of Rs. 32,668.00. The PE ratio is 8.03, with a 1-year return of 183.82%. Yamuna Syndicate has recently expanded its trading operations to include new high-demand commodities, enhancing its revenue potential.
Yamuna Syndicate’s high stock price can be due to its strategic positioning in the commodities market and its ability to capitalise on fluctuations in commodity prices. The company’s diversification and robust trading network may also contribute to its valuation.
Bosch Ltd
Bosch Ltd, founded in 1951, is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods, and building technology.
As of 18th June 2024, Bosch Ltd had a market capitalization of Rs. 90,958.83 cr. and a stock price of Rs. 32,327.80. The PE ratio is 36.51, with a 1-year return of 69.50%. Bosch Ltd has announced a strategic partnership with a leading EV manufacturer to supply advanced automotive components.
Bosch’s high stock price can be attributed to its strong market presence, continuous innovation in automotive and industrial technology, and consistent financial performance. The company’s global reach and diversified product portfolio also seems to be supporting its valuation.
Shree Cement Ltd
Shree Cement Ltd, founded in 1979, is one of the leading cement manufacturers in India. The company has a significant market share in the northern and eastern regions of India.
As of 18th June 2024, Shree Cement Ltd had a market capitalization of Rs. 91,848.78 cr. and a stock price of Rs. 27,538.00. The PE ratio is 38.34, with a 1-year return of 4.96%. Shree Cement has recently commissioned a new clinker unit, increasing its production capacity and market reach.
Shree Cement’s high stock price can be attributed to its strong operational efficiency, high-quality product range, and strategic expansions. The company’s focus on sustainability and innovation in cement manufacturing further enhances its market position.
Abbott India Ltd
Abbott India Ltd, a subsidiary of the global healthcare company Abbott Laboratories, was established in 1944. The company provides a broad range of healthcare products and services, including pharmaceuticals, diagnostics, and nutritional products.
As of 18th June 2024, Abbott India Ltd had a market capitalization of Rs. 55,656.28 cr. and a stock price of Rs. 27,464.90. The PE ratio is 46.33, with a 1-year return of 24.62%. Abbott India has launched a new range of diagnostic tools, expanding its presence in the rapidly growing diagnostics market.
Abbott India’s high stock price may be driven by its strong brand reputation, diversified product portfolio, and consistent financial performance. The company’s focus on innovation and expansion in the healthcare sector may also seem to be supporting its premium valuation.
Bombay Oxygen Investments Ltd
Bombay Oxygen Investments Ltd, established in 1960, operates in various sectors, including industrial gases and investments. The company transitioned from manufacturing industrial gases to focusing on its investment portfolio.
As of 18th June 2024, Bombay Oxygen Investments Ltd had a market capitalization of Rs. 284.94 cr. and a stock price of Rs. 19,131.85. The PE ratio is 4.95, with a 1-year return of 73.96%. Bombay Oxygen Investments has reported significant gains from its diversified investment portfolio, driving its stock price higher.
Bombay Oxygen Investments’ high stock price can be attributed to its strategic shift towards investment activities and the robust performance of its investment portfolio. The company’s prudent investment strategies and diversification may contribute to its valuation.
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Why Should You Consider Investing in the Most Expensive Shares in India?
Now that we know which share price is highest in India, let’s see why you may consider investing in them. If you consider a particular stock by just looking at the price tag, then it might be a huge mistake. Although these stocks can’t be purchased in bulk since they are the highest priced shares in India, their profits are something you should look out for. In the share market, it’s not the quantity of the shares that matters but their ability to generate more returns is what you should look for. Consequently, this makes investing in the most expensive stocks in India, a profitable affair.
However, investors must do their own research and/or consult their financial advisor before investing.
How to Invest in the Highest Priced Shares in India?
Investing in the highest priced shares in India might seem challenging, but with the right approach, you can manage the risks involved. Here are some strategies you might consider:
- Look into the Management Team: It’s important to understand the background and leadership capabilities of the company’s management team. Effective leadership can often be a crucial factor in the success of high value shares in India.
- Analyse Financial Metrics: You might want to compare the stock’s price to its earnings, cash flow, and other financial metrics. This analysis can help you determine if the stock is overvalued or undervalued. Always consider the stock’s volatility and potential risks before making an investment.
- Align with Your Financial Goals: While investing in India’s costliest shares might be appealing, you should ensure that these investments fit within your budget and financial plan. Always prioritise a careful budget and risk assessment before making any decisions.
What are the Points to Remember Before Investing in the Most Expensive Shares in India?
Below-mentioned are some points that investors should consider before investing in the most expensive stocks of India.
- Conduct Thorough Research: Before investing in the highest priced shares in India, it is essential to conduct your own detailed research. Expensive shares usually belong to well-established companies with a strong market presence. However, just because a stock is expensive does not automatically make it a good investment. You should thoroughly understand the company’s business model, revenue streams, and position within its industry. Look into industry trends, competitors, and potential challenges the company might face. Assess the company’s financial statements, including balance sheets, income statements, and cash flow statements. Look for consistent revenue growth, manageable debt levels, and strong cash flow.
- Evaluate Your Funds: Investing in India’s costliest shares requires careful financial planning. Make sure to assess your financial situation and decide how much you can afford to invest. Setting a fixed amount for investment helps you avoid overspending. Align your investment with your long-term financial goals. Consider whether the high-priced shares fit into your broader investment strategy and how they might help you achieve your objectives.
- Identify Overvalued and Undervalued Stocks: Determining whether a stock is overvalued or undervalued can help you make better investment decisions. Compare the stock’s price to its earnings (P/E ratio), cash flow, book value, and other financial metrics. This comparison can give you an idea of whether the stock is priced fairly relative to its financial performance. Consider the broader market conditions and economic indicators. Stocks might be overvalued during market bubbles or undervalued during downturns.
- Consider Stock Volatility: High-priced shares can be volatile, and understanding this volatility is crucial. Look at the stock’s historical price movements to gauge its volatility. Higher volatility means higher risk, which can impact your investment. Assess your own risk tolerance and decide if you are comfortable with the potential price fluctuations of high-priced shares.
- Diversify Your Investments: Diversification is a key strategy to manage risk in your investment portfolio. Instead of putting all your money into a single high-priced share, consider spreading your investments across multiple stocks. This can help mitigate the impact of a poor-performing stock on your overall portfolio. Diversify across different sectors to reduce sector-specific risks. This means investing in high-priced shares from various industries, such as technology, healthcare, finance, and consumer goods.
- Be Patient and Have a Long-Term Perspective: Investing in high-priced shares often requires patience and a long-term view. High-priced shares are usually associated with established companies that have solid long-term growth prospects. Be prepared to hold your investments for an extended period to realise their full potential. Don’t be swayed by short-term market fluctuations. Focus on the company’s fundamentals and long-term growth trajectory.
- Stay Informed and Updated: The financial markets and company performances are constantly changing, and staying informed is crucial. Keep an eye on the performance of your investments and the overall market conditions. Regularly review financial news, company announcements, and industry trends. Be ready to adjust your investment strategy based on new information or changes in your financial situation. Flexibility can help you navigate the dynamic market environment effectively.
- Consult with Financial Advisors: Seeking professional advice can provide you with valuable insights and guidance. Financial advisors can offer expert opinions and tailor their advice to your specific financial situation and goals. They can also help you develop a risk management strategy and provide recommendations on diversifying your portfolio.
Advantages of Investing in the Most Expensive Shares in India
Investing in high-priced shares in India can have several advantages:
- Quality and Reliability: High price stocks in India are often associated with financially stable and well-managed companies. This can provide confidence in the company’s ability to generate long-term value for shareholders.
- Lower Volatility: High value shares in India tend to be less volatile compared to lower-priced or speculative stocks. Companies with high price shares usually have larger market capitalisations, which can make them less susceptible to rapid price fluctuations.
- Access to Dividends: Many of India’s most expensive shares belong to companies that pay regular dividends. Dividend-paying stocks can be particularly attractive if you’re looking for consistent cash flow.
- Strong Growth Potential: The most expensive stocks in India often belong to companies with solid growth prospects. By investing in these stocks, you might benefit from their growth trajectory and potential capital appreciation over time.
What are the Associated Challenges of Investing in the Most Expensive Shares in India?
Investing in India’s costliest shares can come with several challenges. Here are a few you might encounter:
- Higher Initial Investment: The most valuable shares in India often require a significant initial investment, which can be challenging for retail investors with limited capital. You might focus on saving and investing consistently to accumulate the necessary capital.
- Potential Overvaluation: High-priced stocks might sometimes be overvalued due to market speculation or high expectations. This can lead to a disconnect between the stock’s price and its actual value.
- High Entry Barrier: The high prices of India’s most expensive shares can be a barrier for many individual investors. Investing in mutual funds or exchange-traded funds (ETFs) could offer exposure to these stocks with lower risk.
- Limited Liquidity: Costly shares in India might be less liquid, meaning there are fewer buyers and sellers in the market. By being patient and taking a long-term perspective, you can focus on the company’s strengths rather than short-term price movements.
Strategies for Managing Risk While Investing in High-Priced Shares
Investing in high-priced shares can offer substantial returns, but it also comes with significant risks. Here are some strategies you might consider to manage these risks effectively:
- Diversification: Diversifying your portfolio across various sectors and asset classes can help mitigate the risk associated with high-priced shares. By spreading your investments, you reduce the impact of poor performance from any single stock.
- Dollar-Cost Averaging: Implementing a dollar-cost averaging strategy, where you invest a fixed amount of money at regular intervals, can help reduce the impact of market volatility. This approach allows you to buy more shares when prices are low and fewer when prices are high, averaging out the cost over time.
- Conduct Thorough Research: Conducting thorough research on the companies you’re investing in is crucial. Look into their financial health, growth prospects, industry position, and management quality. Understanding the fundamentals can help you make informed decisions and avoid overvalued stocks.
- Set Stop-Loss Orders: Setting stop-loss orders can protect your investments from significant losses. A stop-loss order automatically sells a stock when it reaches a certain price, helping you limit your downside risk.
- Monitor Market Trends: Keeping an eye on market trends and economic indicators can provide insights into potential risks. Understanding the broader market environment can help you anticipate and respond to changes that might affect high-priced shares.
- Consult Financial Advisors: Seeking advice from financial advisors can provide you with expert insights tailored to your financial situation. They can help you develop a risk management strategy that aligns with your investment goals and risk tolerance.
By implementing these strategies, you can better manage the risks associated with investing in high-priced shares while positioning yourself to take advantage of potential growth opportunities.
Who Can Invest in the Most Expensive Shares in India?
Investing in the most expensive shares in India might not be suitable for everyone, but certain types of investors might find it more aligned with their financial goals and risk tolerance. Here are some factors to consider if you are thinking about investing in these high-priced shares:
- High Net-Worth Individuals (HNWIs): High net-worth individuals often have the financial capacity to invest in expensive shares. They can allocate a portion of their wealth to high-priced stocks without jeopardising their financial stability.
- Experienced Investors: Investors with significant market experience and a deep understanding of stock market dynamics may find high-priced shares appealing. Their expertise allows them to evaluate the risks and rewards more effectively.
- Long-Term Investors: Individuals who have a long-term investment horizon might benefit from investing in high-priced shares. These investors are typically more patient and willing to hold onto their investments through market fluctuations, aiming for long-term growth.
- Institutional Investors: Institutional investors, such as mutual funds, pension funds, and insurance companies, often have substantial capital and can invest in high-priced shares. Their investment strategies and risk management frameworks are designed to handle the volatility associated with these stocks.
- Investors with Diversified Portfolios: Those who already have a well-diversified portfolio might consider adding high-priced shares as a way to enhance their investment mix. Diversification can help mitigate the risks associated with individual high-value stocks.
- Individuals with High Risk Tolerance: Investing in expensive shares can be volatile and risky. Therefore, it is suitable for individuals who have a high risk tolerance and are comfortable with the potential for significant price fluctuations.
- Investors Seeking Dividend Income: Some high-priced shares are from companies that offer regular dividends. Investors looking for a reliable income stream might find these stocks attractive, provided they are comfortable with the share price volatility.
- Investors Conducting Thorough Research: Individuals who are diligent in their research and analysis can consider investing in high-priced shares. Understanding the company’s fundamentals, market position, and future prospects is crucial for making informed decisions.
By considering these factors, you can determine if investing in the most expensive shares in India aligns with your financial goals, risk tolerance, and investment strategy. If you fit into one or more of these categories, you might find high-priced shares a viable addition to your investment portfolio. However, it is always worthwhile to consult with a financial advisor to ensure your investment decisions are well-informed and tailored to your personal circumstances.
To Wrap It Up…
Even though investing in these high price shares in India means drawing a large sum of money in one go, they have a history of a sizable growth rate of returns. However, since most expensive shares are susceptible to market fluctuations, many investors may look at it as risky while some may find it to generate more income. Thus, be wise and conduct thorough research or consult your financial advisor before investing in the above-mentioned top 10 expensive shares in India. Explore more stocks on smallcase today!
FAQs
MRF Ltd, also known as Madras Rubber Factory Ltd, currently holds the title of India’s priciest stock, commanding a share price of ₹1,25,580.70 as of 18th June 2024. This marks a significant surge from the IPO in 1990 when the share was priced at ₹11.
A high share price in India is usually not the indicator how well-performing the stock name is. The best highest value share in India:
1. MRF Ltd
2. Honeywell Automation India
3. Kaycee Industries Ltd
Note: This list is educational and not recommendatory.
While planning to invest in the most expensive stocks in India, prioritising thorough research before investing, regardless of its current market price in any stock can prove to be fruitful. Maintaining a diversified portfolio that includes a mix of high and low-priced stocks can help you enhance returns and manage risk effectively. This approach can balance potential gains from high-priced shares with the stability offered by other investments.
Investors often choose high-priced stocks due to their lower market volatility and reputation for delivering long-term returns. However, it is essential to evaluate current market conditions before making any investment decisions. While high-priced stocks can offer stability, assessing the broader economic environment and market trends can be crucial to ensure it aligns with your investment strategy.
Investors who anticipate long-term earnings growth or believe a stock is undervalued might be willing to pay a premium for it today, despite short-term fluctuations. If you fall into this category, you should conduct thorough research and/or consult your financial advisor to ensure the investment fits within your financial goals and risk tolerance.
Investing in the world’s most expensive stocks can be an effective wealth-building strategy over time. However, it’s important to understand that a high stock price does not automatically equate to a sound investment. Thorough research is crucial before investing in any stock, regardless of its price, to ensure that it aligns with your long-term financial goals and risk profile.
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