Investing in stocks is a popular way to build wealth and achieve financial goals in India. As an investor, it’s important to keep an eye on market trends and identify potential opportunities for growth. One key factor to consider is the share price of a stock, which can indicate the market’s perception of the company’s value and growth potential.
In this article, we’ll take a closer look at the 10 stocks with the highest share price in India (the most expensive stocks in India) and provide insights and analysis on each stock to help investors make informed investment decisions.
Consider reading: Top 100 Small Cap Stocks to Invest in India
List of 10 Stocks With the Highest Share Price in India – Most Expensive Stocks in India
|Name||CMP Rs.||P/E||Mar Cap Rs.Cr.||Div Yld %||ROCE %|
|P & G Hygiene||14921.15||85.06||48435.15||0.54||109.98|
|Tasty Bite Eat.||13709.15||116.44||3517.77||0.01||13.71|
1. MRF: India’s Highest-Priced Stock
Overview of MRF
Madras Rubber Factory, commonly known as MRF or MRF Tyres, is an Indian multinational tire manufacturing company and the largest manufacturer of tires in India. It is headquartered in Chennai, Tamil Nadu, India.
The company manufactures rubber products, including tires, treads, tubes, conveyor belts, paints, and toys. What started as a rubber balloon factory with a funding of Rs. 14, 000 way back in the 40s is now a multi-billion-dollar company.
Today, MRF commands a market share of 25% and exports its tires to more than 65 countries across the globe, with USD 3 billion in revenues.
Competitors of MRF
MRF’s competitors include Apollo Tyres, ZF do Brasil, Continental Tire the Americas, Akebono Brake Industry, JK Tyre & Industries Ltd., Ceat Ltd., Goodyear India Ltd, Govind Rubber Ltd, Innovative Tyres & Tubes Ltd, and others.
Why is MRF’s Share Price so High?
I answered this in one of my Quora answer. The management of MRF has been managing MRF’s share price very cleverly since the listing of MRF. They have never given any Bonus, stock splits, or dividend yields, for that matter.
All the earnings and profits reflect in the MRF stock price, which is why it looks very expensive.
It helps them keep speculators away from getting into stocks as the volume of stock trading is low. Generally, only investors invest in MRF stock.
If you look at the above stock chart for MRF, it has been consistently rising. MRF’s stock price was around 2500 in 2006 and it has reached a high of 98600 in 2021. That’s almost 40 times returns in 15 years!
MRF is the first stock in the Indian stock market to cross the 1 lakh stock price!
2. Highest Share Price in India – Page Industries
Overview of Page Industries
Page Industries Limited, located in Bangalore, India, is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, and the UAE.
Page Industries is also the exclusive licensee of Speedo International Ltd. The company was founded in 1994 by Sunder Genomal and his brothers Nari and Ramesh, and together they hold a 54% stake in it. It has 9 operational manufacturing units and develops, produces, and distributes branded underwear for men, women, and children in India and Sri Lanka.
Competitors Page Industries
Page Industries’ competitors include Acknit Industries Ltd., Addi Industries Ltd., Alan Scott Industries Ltd., Amit International Ltd., Bhandari Hosiery Exports Ltd., Dollar Industries Ltd., Filatex Fashions Ltd., Cougar Telecom, Lichtman Communications Inc, Granite Communications Inc, Voicesonic Co, Van Heusen, Hanes, Arvind Limited, Bajaj, Brandis Manufacturing and Marketing, Bora, Gorenje, Tennant, and AES.
3. Highest Share Price in India – Honeywell Automation
Overview of Honeywell Automation
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation. It is a leading provider of integrated automation and software solutions.
The company operates through four business segments: Aerospace, Automation and Control Solutions, Transportation Systems, Performance Materials, and others.
Honeywell’s product portfolio includes sensors, control panels, electrical and wiring products and offers engineering services in the field of automation.
Honeywell is a Fortune 100 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety.
Competitors of Honeywell Automation
Honeywell’s competitors include General Electric, Johnson Controls, Rockwell Automation, Siemens Global, Bosch, Schneider Electric, ABB, BorgWarner, Zebra Technologies, Emerson Electric, Rockwell Collins, United Technologies, and others.
Honeywell stock has done excellently well in the past; It was only Rs 600 in 2006 and it has touched a high of Rs 37,400 in 2023!
4. Highest Share Price in India – Shree Cements
Overview Shree Cements
Shree Cement Limited is one of India’s top three cement producers and among the fastest growing, with an installed capacity of 43.4 Million Tonnes Per Annum in India and 47.4 including overseas.
It is an Indian cement manufacturer, founded in Beawar, Rajasthan, in 1979. Now headquartered in Kolkata, it is one of the biggest cement makers. The company produces and supplies cement and power.
Competitors of Shree Cements
Shree Cement’s competitors include Cementir, ACC, JK Cement, Birla, UltraTechCement, Ambuja Cements, Dalmia Bharat, Holcim, Binani Cement, Jkcement, AkzoNobel, CEMEX, and others.
5. Highest Share Price in India – 3M India
Overview of 3M India
3M India Limited, a subsidiary of 3M Co, is an industrial equipment company. It carries out the design, manufacture, and distribution of specialized tools.
The company manufactures products for electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets.
It has manufacturing facilities in India at Ahmedabad, Bengaluru, and Pune and has the Corporate Office and Customer Innovation Center (R&D) in Bangalore.
Competitors 3M India
3M India’s competitors include Grasim Industries Ltd, SRF Ltd, Birla Corp Ltd, Kesoram Industries Ltd, Adani Enterprises Ltd, Alembic Ltd, Apar Industries Ltd, Aspinwall and Company Ltd, Owens Corning, Avery Dennison, Autoliv, Corning, Office Depot, General Electric, Honeywell International, Emerson, HUBEI SHUANGJIAN BLOWER, Pro Chem, Holland Shielding Systems, and Raytech.
6. Highest Share Price in India – Abbott India
Overview of Abbott India
Abbott India Ltd, a subsidiary of Abbott Laboratories, discovers, develops, manufactures, and markets a diverse range of branded generic pharmaceuticals, diagnostic tools, nutritional products, and diabetes and vascular devices.
Headquartered in Mumbai, Abbott India Limited is a publicly listed company that takes pride in offering high-quality products.
Competitors of Abbott India
Abbott India’s competitors include Cipla, Cadila Healthcare, Neuland Laboratories, Alkem Laboratories, Aurobindo Pharma Ltd, Dr. Reddy’s Laboratories Ltd, Lupin Ltd, and others.
7. Highest Share Price in India – Nestle India
Overview of Nestle India
Nestle India Ltd, a subsidiary of Nestle SA, manufactures, markets, and sells consumer food and beverages. Its product portfolio includes dairy products, nutritional products, beverages, prepared dishes and cooking aids, chocolates, and confectionery.
The company is headquartered in Gurgaon, Haryana. With eight factories and a large number of co-packers, Nestlé India is a vibrant Company that provides consumers in India with products of global standards.
Competitors of Nestle India
Nestle India’s competitors include Gujarat Cooperative Milk Marketing Federation Ltd, Britannia Industries Ltd, Tata Consumer Products Ltd, Heritage Foods Limited, PepsiCo, Unilever, Danone, Mars, Mondelez International, and others.
8. Highest Share Price in India – Bosch Limited
Overview of Bosch Limited
Bosch, officially known as Robert Bosch GmbH, is a German multinational engineering and technology company headquartered in Gerlingen, Germany.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide.
The company specializes in the manufacturing of automotive parts and systems, and it also provides testing, energy and building solutions, engineering and business solutions, hardware and software, and aftermarket services.
Competitors of Bosch Limited
Bosch’s competitors include Continental, a company that specializes in the manufacturing of automotive parts and systems, Parker Hannifin, a company specializing in motion and control technologies and systems, and Siemens, a technology company focusing on the fields of electrification, automation, and digitalization.
Other competitors include Wood, DENSO, Valeo, Honeywell, and Whirlpool.
9. Highest Share Price in India – Procter & Gamble Hygiene and Health Care Limited
Overview of Procter & Gamble Hygiene and Health Care Limited
Procter & Gamble Hygiene and Healthcare Limited manufactures personal & beauty care and healthcare products.
The Company’s products include menthol, dementholised peppermint oil, cosmetics, personal care products, toilet preparations, soaps, and detergents.
The company manufactures and sells branded packaged fast-moving consumer goods in the feminine care and healthcare businesses in India.
Competitors of Procter & Gamble Hygiene and Health Care Limited
Major competitors for P & G Hygiene include Colgate-Palmolive, Church and Dwight, and Unilever. Other competitors include S.C. Johnson, Johnson & Johnson, Henkel, Clorox, and others.
Procter & Gamble Hygiene and Health Care Limited share price has been a consistent performer; it has risen from Rs 1000 in 2010 to Rs 15000 in 2023.
10. Highest Share Price in India – Tasty Bite Eat
Overview of Tasty Bite Eat
Tasty Bite is an Indian-American preserved food manufacturer, that produces ready-to-eat Indian and pan-Asian food products.
The products require no cooking, contain no preservatives, and require no refrigeration. Tasty Bite was founded in 1996.
The company manufactures and sells ready-to-eat food, and formed frozen food and specialty sauces under the Tasty Bite brand name in India.
Competitors of Tasty Bite Eat
Tasty Bite’s competitors include Venkys, Yu Foodlabs, Pescafresh, and Chef’s Basket. Tasty Bite ranks 6th among 89 competitors.
Closing Thoughts on Stocks with the Highest Share Price in India
As you have seen above almost all the stocks with the highest share price in India that are seen as very expensive stocks have given excellent returns in the last 2 decades.
Retail investors generally have a myth about Stocks with the highest share price in India, They think these stocks are very expensive stocks to buy but in actual although the share prices for these stocks are on the higher side.
Most of the time their valuations are cheap compared to some of the stocks which have share prices in single or double digits.
If you have money to purchase these stocks then it may give you higher returns than some of the low-priced stocks.
Disclaimer – Please consult your Financial advisor before making any decision while investing in stocks.
FAQ on Stocks with the Highest Share Price in India
Which are the most Expensive Stocks in India?
The top 10 most expensive stocks in India: 1. MRF, 2. Honeywell, 3. Page Industries, 4. Shree Cements, 5. 3M India, 6. Nestle India, 7. Abbott India, 8. Bosch, 9. Procter & Gamble Hygiene and Health Care Limited (P&G H&H), 10.Lakshmi Machine Works Limited (LMW)
Is it good or bad to buy stocks with high share prices?
More often than not, it is a good decision to buy stocks with higher stock prices as historically they have excellent returns.
Why is the MRF stock price so high?
MRF stock commands a very high share price because the stock has never given any bonus shares, stock splits, or good dividends as compared with other stocks.
The MRF management has decided to keep all the value of the stock in the stock price and that is the reason the stock price looks extremely expensive.
Which company has a 1 lakh share price in India?
MRF is the only company having more than 1 lakh share price in India.
What was MRF’s share price in 1980?
MRF was not listed in the Indian stock market in 1980.
Which Stock has the Highest Share Price in India?
With a share price of Rs 106834, MRF has the Highest Share Price in India.