10 Stocks with Highest Share Price in India – Most Expensive Stocks
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 the 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, providing insights and analysis on each stock to help investors make informed investment decisions.

List of 10 Stocks With the Highest Share Price in India / Most Expensive Stocks in India
Here are the 10 stocks with the highest share prices in India:
COMPANY / Stock | SECTOR – INDUSTRY | Price (Rs) | Market CAP(Rs Cr.) |
MRF | Tyres & Tubes | 88,717 | 37,626 |
Page Industries | Branded Hosiery/Knitwear | 38,785 | 43,260 |
Honeywell | Capital Goods – Diversified | 37,400 | 33,067 |
Shree Cements | Cement – North | 25,735 | 92,768 |
3M India | Diversified | 22,196 | 25,003 |
Abbott India | Pharma – MNC | 20,190 | 42,860 |
Nestle India | FMCG Food & Beverages | 19,002 | 183,352 |
Bosch Limited | Auto Ancl – Engine Parts | 18,039 | 53,164 |
Procter & Gamble Hygiene and Health Care Limited | Pharma – MNC | 13,700 | 44,471 |
Lakshmi Machine Works Limited | Auto Ancl – Engine Parts | 11,322 | 12,095 |
1. MRF – India’s Highest-Priced Stock
MRF has the highest share price in India as of March 2023. With a stock price of Rs 88,717, MRF is seen as the most expensive stock in India and beyond the reach of most retail investors.
MRF is a leading manufacturer of tires in India having a market share of more than 25% in the tire business. MRF’s shares have done excellently well in the last 20 years giving handsome returns to its investors.
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 split, or dividend yield for that matter. All the earnings /profits reflect in the MRF stock price which is why it looks very expensive.
It helps them to keep speculators away from getting into stock as the volume of stock trading is low. Generally, only investors enter into investing 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!
2. Highest Share Price in India – 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. for the manufacture, marketing, and distribution of the Speedo brand in India.
The Page industries stock price has given excellent returns in the past; from a level of Rs 400 odd in 2006 the page industries stock price has reached a high of Rs 38,785 in 2023.

3. Highest Share Price in India – Honeywell
Honeywell Automation Ltd is a ~$350 million+ company. It was incorporated in India in 1984 and its registered office is in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions.
It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients.

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
Shree Cements is one of India’s largest cement makers. Shree Cement has a consolidated Cement Production Capacity of 44.4 Million tonnes per annum (including overseas) and a Power Generation Capacity of 742 Megawatts.
Shree Cement stock has done excellently well in the past. The stock has risen from a level of Rs 500 in 2006 to a high of Rs 25,735 in 2023.

5. Highest Share Price in India – 3MÂ India
3M India has a diversified portfolio.
As per the 3M India website, They automate health care data so the right people get the right information. Across the globe, 3M is inspiring innovation and igniting progress, all while contributing to true global sustainable development through environmental protection, corporate and social responsibility, and economic progress. We are applying our science and innovation to make a real impact in every person’s life around the world.
The stock has given outstanding returns in past decades. From a level of Rs 500 odd in 2006, the stock hit a high of Rs 22,196 in 2023.

6. Highest Share Price in India – Abbott India
Abbott India is primarily a Pharma company having consumer care products. The company has a great reputation for its brands.
Abbott India’s share price has given excellent returns in the last 2 decades. From a level of Rs 600 added in 2006, the Abbott India share price has hit a high of Rs 20,190 in 2023.

7. Highest Share Price in India – Nestle India
Nestle India is a market leader in most FMCG items. Some of its brands like Maggi, Cerelac, Nescafe etc have a monopoly in the market and they command over 60-70% of the sales in its segment.
As per Nestle India website, NESTLÉ India manufactures products of truly international quality under internationally famous brand names such as NESCAFÉ, MAGGI, MILKY BAR, KIT KAT, BAR-ONE, MILKMAID and NESTEA, and in recent years the Company has also introduced products of daily consumption and use such as NESTLÉ Milk, NESTLÉ SLIM Milk, NESTLÉ Dahi, and NESTLÉ Jeera Raita.
Nestle India’s share prices have given outstanding returns in the past. From a level of 600 odd in 2006, it made a high of Rs 19,002 in 2023.

8. Highest Share Price in India – Bosch Limited
In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has, in India, the largest development center outside Germany, for end-to-end engineering and technology solutions.
Bosch India’s share price had a great run from 2006 till 2015 when it went from Rs 2000 to Rs 25000 odd but since 2015 the Bosch India share prices are not doing that well and currently trading Rs 18,039 odd in 2023.

9. Highest Share Price in India – Procter & Gamble Hygiene and Health Care Limited
Procter & Gamble Hygiene and Health Care Limited (P&G H&H) is a subsidiary of Procter & Gamble, a global consumer goods company. P&G H&H operates in India and is primarily focused on providing personal and healthcare products, such as feminine care, baby care, and oral care.
Some of the well-known brands of P&G H&H in India include Whisper, Pampers, and Oral-B. The company has a strong presence in the Indian market and is known for its high-quality products and customer-centric approach. P&G H&H has also been recognized for its sustainability initiatives, such as its efforts to reduce its environmental footprint and promote gender equality.

Procter & Gamble Hygiene and Health Care Limited share price has been a consistent performer; it has rise from Rs 1000 in 2010 to Rs 15000 in 2023.
10. Highest Share Price in India – Lakshmi Machine Works Limited
Lakshmi Machine Works Limited (LMW) is a leading textile machinery manufacturer based in Coimbatore, India. The company was founded in 1962 and has since grown to become a global player in the industry. LMW offers a wide range of textile machinery, including spinning, weaving, and processing machines, and also provides after-sales service and support.
The company has a strong focus on innovation and has developed several pioneering technologies, such as the LMW ring frame, which revolutionized the spinning industry. LMW has received several awards and recognitions for its contribution to the textile industry, and its products are sold in over 60 countries around the world. The company also has a strong commitment to sustainability and has implemented several measures to reduce its environmental impact and promote social responsibility.

The Lakshmi Machine Works Limited share price has increased from Rs 2000 in 2020 to Rs 14000 in 2023 giving stellar returns to its investors.
Consider reading
Highest dividend paying stocks in India
Top 100 List of penny stocks in India
Closing thoughts on Stocks with the Highest Share Price in India
As you have seen above almost all stocks 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 taking 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 as per their share price is as below –
MRF
Honeywell
Page Industries
Shree Cements
3MÂ India
Nestle India
Abbott India
Bosch
Procter & Gamble Hygiene and Health Care Limited (P&G H&H)
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.