Highest Priced Shares in India: Top Valuable Stocks for 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 | 57,577.50 | 135,759.40 | 27.67 | 24.05 |
| Yamuna Syndicate Ltd | Commodities Trading | 1,661.37 | 54,052.00 | 13.37 | 212.44 |
| Honeywell Automation India Ltd | Electronic Equipments | 44,431.97 | 50,253.75 | 88.62 | 27.65 |
| Page Industries Ltd | Apparel & Accessories | 45,038.12 | 40,378.90 | 79.13 | -3.15 |
| Bombay Oxygen Investments Ltd | Conglomerates | 531.50 | 35,433.05 | 9.23 | 187.76 |
| 3M India Ltd | Stationery | 39,801.35 | 35,331.65 | 68.22 | 8.07 |
| Bosch Ltd | Auto Parts | 98,903.97 | 33,534.00 | 39.70 | 72.46 |
| Abbott India Ltd | Pharmaceuticals | 63,318.88 | 29,798.10 | 52.71 | 29.64 |
| Shree Cement Ltd | Cement | 92,818.27 | 25,725.15 | 38.74 | -0.28 |
| DISA India Ltd | Industrial Machinery | 2,644.47 | 18,185.00 | 61.67 | 20.58 |
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 10th September 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, MRF Ltd (Madras Rubber Factory) is India’s largest tyre manufacturer and one of the top tyre companies worldwide. The company produces tyres, treads, tubes, and conveyor belts, catering to both domestic and international markets. It is also involved in motorsports and rubber manufacturing.
MRF Ltd has a market capitalisation of Rs. 57,577.50 cr., with a stock price of Rs. 135,759.40. The PE ratio is 27.67, and the company has delivered a 1-year return of 24.05%.
MRF is the costliest stock in India. The high share price can be attributed to MRF’s market leadership, strong brand value, consistent financial performance, and the relatively low number of outstanding shares, which may create high demand among investors.
Yamuna Syndicate Ltd
Incorporated in 1954, Yamuna Syndicate Ltd is engaged in commodities trading, dealing in products like petroleum, lubricants, and industrial gases. The company is also involved in the distribution of automotive products, batteries, and other commodities.
Yamuna Syndicate Ltd has a market capitalisation of Rs. 1,661.37 cr. and a current stock price of Rs. 54,052.00. The PE ratio is 13.37, and it has achieved a remarkable 1-year return of 212.44%.
The high share price may reflect the company’s strong performance in commodities trading, strategic market positioning, and the limited availability of shares, leading to increased investor demand.
Honeywell Automation India Ltd
Honeywell Automation India Ltd, established in 1984, is a subsidiary of Honeywell International Inc. The company specialises in providing automation and control solutions across various sectors, including industrial, building, and home automation systems.
Honeywell Automation India Ltd has a market capitalisation of Rs. 44,431.97 cr., with a stock price of Rs. 50,253.75. The company’s PE ratio is 88.62, and it has posted a 1-year return of 27.65%.
The high share price can be attributed to the company’s association with the globally renowned Honeywell brand, its advanced technological solutions, and consistent growth in the automation sector.
Page Industries Ltd
Founded in 1994, Page Industries Ltd is the exclusive licensee of Jockey International and Speedo in India. The company specialises in the manufacturing, distribution, and marketing of innerwear, leisurewear, and sportswear under the Jockey brand.
Page Industries Ltd has a market capitalisation of Rs. 45,038.12 cr. and a stock price of Rs. 40,378.90. The PE ratio is 79.13, and it has a 1-year return of -3.15%.
The high share price may be supported by Page Industries’ strong brand loyalty, premium product positioning, and consistent demand in the apparel and innerwear segments.
Bombay Oxygen Investments Ltd
Originally incorporated in 1960 as Bombay Oxygen Corporation Ltd, the company has transitioned into an investment company, primarily dealing in the acquisition and holding of investments in various sectors. It previously focused on industrial gas production.
Bombay Oxygen Investments Ltd has a market capitalisation of Rs. 531.50 cr., with a current stock price of Rs. 35,433.05. The PE ratio stands at 9.23, and it has generated a 1-year return of 187.76%.
The high share price can be attributed to its strong investment portfolio, the low number of outstanding shares, and its shift towards an investment-centric business model, which may have enhanced its valuation.
3M India Ltd
Established in 1987, 3M India Ltd is a subsidiary of the global conglomerate 3M Company. The company operates across various segments, including stationery, industrial, healthcare, and consumer goods, and is known for its innovative products, such as adhesives, abrasives, and personal safety items.
3M India Ltd has a market capitalisation of Rs. 39,801.35 cr. and a stock price of Rs. 35,331.65. The PE ratio is 68.22, with a 1-year return of 8.07%.
The high share price may reflect the company’s strong global brand presence, its diversified business segments, and its reputation for innovative products that ensure steady revenue streams.
Bosch Ltd
Bosch Ltd, founded in 1951, is a leading supplier of automotive components and industrial technology in India. The company manufactures a wide range of products, including automotive parts, power tools, security systems, and industrial automation solutions.
Bosch Ltd has a market capitalisation of Rs. 98,903.97 cr., with a stock price of Rs. 33,534.00. The PE ratio is 39.70, and it has achieved a 1-year return of 72.46%.
The high share price can be attributed to Bosch’s strong market position, consistent innovation, and robust growth in the automotive and industrial products sectors.
Abbott India Ltd
Established in 1944, Abbott India Ltd is a leading pharmaceutical company and a subsidiary of Abbott Laboratories. The company focuses on the development, manufacturing, and marketing of pharmaceuticals and healthcare products, particularly in therapeutic areas like gastroenterology, women’s health, and cardiology.
Abbott India Ltd has a market capitalisation of Rs. 63,318.88 cr., with a stock price of Rs. 29,798.10. The PE ratio is 52.71, and the company has posted a 1-year return of 29.64%.
The high share price may reflect Abbott’s strong brand presence, diversified product portfolio, and consistent performance in the high-margin pharmaceutical industry.
Shree Cement Ltd
Shree Cement Ltd, founded in 1979, is one of India’s top cement manufacturers. The company produces cement and clinker, catering primarily to the northern and eastern regions of India. It is known for its focus on sustainability and energy-efficient manufacturing processes.
Shree Cement Ltd has a market capitalisation of Rs. 92,818.27 cr. and a stock price of Rs. 25,725.15. The PE ratio is 38.74, with a 1-year return of -0.28%.
The high share price can be attributed to the company’s efficient production capabilities, strong brand presence in key markets, and commitment to sustainability, which may attract long-term investors.
DISA India Ltd
Founded in 1984, DISA India Ltd is a subsidiary of the global Norican Group. The company specialises in the manufacturing of foundry equipment and metal surface preparation solutions, catering to various industrial segments, including automotive, aerospace, and manufacturing.
DISA India Ltd has a market capitalisation of Rs. 2,644.47 cr., with a current stock price of Rs. 18,185.00. The PE ratio is 61.67, and it has achieved a 1-year return of 20.58%.
The high share price may be due to its niche market position, strong global support, and steady growth in demand for its advanced industrial machinery solutions.
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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, including the costliest shares in India and India’s most expensive share, can have several advantages:
Quality and Reliability
High-priced stocks in India, often considered among the most valuable stocks in India, are typically associated with financially stable and well-managed companies. Investing in such stocks, including those with the highest share price in India, provides confidence in the company’s ability to generate long-term value for shareholders. These companies often rank alongside the most expensive shares in the world, offering a sense of reliability to investors.
Lower Volatility
High-value shares in India, such as those with the highest share value in India, tend to be less volatile compared to lower-priced or speculative stocks. Companies with the most expensive Indian stock usually have larger market capitalisations, which make them less susceptible to rapid price fluctuations. This characteristic is similar to some of the most expensive stocks in the world, which also exhibit lower volatility.
Access to Dividends
Many of the most valuable shares in India and those with the highest share price in India belong to companies that pay regular dividends. Dividend-paying stocks, such as India’s most expensive shares, can be particularly attractive if you’re looking for consistent cash flow. These stocks can be comparable to some of the world’s most expensive stocks, known for their robust dividend policies.
Strong Growth Potential
The most costly shares in India and those with the highest stock price 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. Similar to the most expensive stock in the world, these shares represent opportunities for significant returns driven by strong business fundamentals.
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, including India’s most expensive share and those with the highest share price in the world, can offer substantial returns but 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, including India’s most valuable stocks and costliest stocks in India. By spreading your investments, you reduce the impact of poor performance from any single stock, whether it’s the most expensive share in the world or the highest value stock in India.
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 is particularly useful for high-value investments such as the most expensive shares in the world. By investing consistently, you can 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 companies with high-priced shares, such as those with the highest share price in India or even the most costly shares in the world, is crucial. Look into their financial health, growth prospects, industry position, and management quality. Understanding these fundamentals can help you make informed decisions and avoid overvalued stocks, including the most expensive share in India.
Set Stop-Loss Orders
Setting stop-loss orders can protect your investments from significant losses. This strategy is particularly important when dealing with expensive shares in the world or India’s most expensive shares, as 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, especially when investing in high-value stocks like the most valuable share in India or those with the highest stock price in the world. 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, especially if you are investing in the highest price shares in India or the world’s most expensive stocks. Advisors 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, such as the most expensive share in the India or the highest share price company in India, 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 ₹135,759.40 as of 10th September 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. Yamuna Syndicate Ltd
3. Honeywell Automation India 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.
The most expensive share in the world is Berkshire Hathaway, known for having the highest share price in world. As of now, Berkshire Hathaway’s stock price stands at approximately $459,800 per share, making it the world’s most expensive stock. Berkshire Hathaway has never split its Class A shares, contributing to its status as the costliest share in the world.
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