Some of the world’s most expensive stocks are traded in India. People who buy these expensive shares usually own shares in well-known companies that have a history of growth, success, and long-term strength.
Currently, tire manufacturer MRF Ltd has the highest stock price in India. Stocks become too expensive due to a combination of factors such as the underlying company’s market-leading position, sound financials, and relatively lower number of shares outstanding. Let’s dig in to learn more about this special category of stocks.
Here are the top 10 most expensive stocks in India
Before investing money in one of the top 10 expensive shares in India, investors need to think carefully. We have compiled a table that provides you the list of companies with the highest stock prices in India.
| No | Name | Market Cap (in Rs. Cr) | Current Price (in Rs) | P/E Ratio |
| 1 | Elcid Investments | 4,843 | 2,30,500 | 20.05 |
| 2 | MRF Ltd | 52,817 | 1,24,355.45 | 27.12 |
| 3 | Yamuna Syndicate | 1,456 | 46,000 | 9.98 |
| 4 | Page Industries | 50,094 | 45,600 | 80.66 |
| 5 | Honeywell Automation | 36,969 | 41,430 | 68.73 |
| 6 | Bosch Ltd | 1,01,267 | 34,978 | 50.53 |
| 7 | 3M India | 34,607 | 31,900 | 56.61 |
| 8 | Bombay Oxygen | 493 | 31,700 | 6.91 |
| 9 | Abbott India | 58,862 | 27,715 | 45.82 |
| 10 | Shree Cement | 89,472 | 25,512 | 51.66 |
All data from Screener.in as on Nov 25, 2024.Â
Elcid Investments
Elcid Investments Limited is a non-banking financial company (NBFC) based in India, primarily engaged in investment activities. The company focuses on investing in securities such as shares, bonds, and other financial instruments. It is relatively low-profile, but it has garnered attention due to its substantial holdings in blue-chip companies like Asian Paints, making it a significant player in terms of asset value despite its modest operational scale.
The company’s shares are highly illiquid and often trade at a substantial discount compared to its intrinsic value, driven by the worth of its investment portfolio. Elcid Investments is part of a group structure and benefits from a long-standing history in financial markets.
MRF Ltd
MRF Ltd (Madras Rubber Factory), which was started by K. M. Mammen Mappillai in 1946, is India’s largest tire manufacturer and ranked amongst the Top 20 global manufacturers. It is also India’s largest OEM tire supplier with an expansive tire range from two-wheelers to fighter aircraft. MRF’s stock price is high because it has a strong position in the market, sells high-quality goods, and above all, has relatively lower number of shares outstanding. Investors also have faith in MRF because it consistently does well financially. Therefore, it is one of the most expensive stocks in India.
Yamuna Syndicate
The Yamuna Syndicate Ltd, founded in 1954, is an India-based company that is engaged in trading batteries, lubricants, electrical goods, and agricultural products. The company is the authorized distributor of Gulf Oil Lubricants India Ltd. The high stock price of Yamuna Syndicate may be because it is strategically placed in the commodities market.
Page Industries Ltd
Page Industries Ltd, headquartered in Bangalore, was incorporated in 1995. The company is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, and several other countries. The company is the exclusive licensee of Speedo International Ltd for the manufacture, marketing, and distribution of the Speedo brand in India.
Honeywell Automation India
Honeywell Automation India Ltd is a market leader in Electroncis-Instrumentation and Process Control Equipment industry. HAIL is the leading provider of integrated automation and software solutions. Incorporated in 1984, the company went public in May 1987.
Bosch Ltd
Bosch Ltd. is the flagship company of Robert Bosch Company in India. Headquartered out of Bangalore, the company has manufacturing facilities in Nashik, Jaipur, Chennai, Bidadi, and few other places. When it comes to technology and services for the automobile and industry sectors, household goods, and building technology, Bosch Ltd., which was established in 1951, is the leader. Bosch, which has a strong market position, is always coming up with new ideas for car and industry technology, and has a history of sound financial performance. The company’s value is supported by its ability to do business around the world and offer a wide range of products.
3M India
3M India Ltd is a subsidiary of 3M Company, USA. The parent company owns 75% of the firm. 3M India is one of the most expensive stocks in India. A diversified manufacturer, 3M sells a wide range of goods, including tooth implants, office stationery, health care items, cleaning supplies, and more. In addition to these, it produces signage, window films, adhesives, and paint protection films.
Bombay Oxygen Investments Ltd.
Bombay Oxygen Investments Ltd. is an India-based non-banking financial company. It invests in mutual funds, financial instruments, and listed equities.
Abbott India
Abbott India Limited is one of the leading multinational pharmaceutical companies in India and operates with owned manufacturing facility in Goa and various independent contract/third party manufacturers based across the country. The company sells reliable, high-quality drugs for a wide range of medical conditions, including those related to women’s health, gastroenterology, heart and metabolic diseases, and primary care.
Shree Cement Ltd.
Shree Cement, an Indian company that makes cement, has one of the highest stock prices in India. Its main office is in Kolkata, and it has plants located all over the country. The firm started making cement in 1979 in the Ajmer area of Rajasthan. In the northern part of India, it makes more cement than any other company. It has well-known brands like Rockstrong Cement, Bangur Cement, and Shree Jung Rodhak.
Should you invest in expensive stocks?
Though they cost a bomb individually, buying expensive shares in India can be a smart move for more than one reason. Here are some probable reasons to think about purchasing companies with the highest stock price in India.
Solid foundations and a track record of success
Companies that have a history of steady growth, profit, and sound financial health tend to have pricey stocks. Most of the time, these companies have strong balance sheets, high earnings, and strong cash flows. This makes them safer than cheaper or smaller-cap stocks.
Market leadership
Companies that have the highest stock prices in India are usually the market leaders in their fields. Being at the top of the market gives you more pricing power, higher profits, and the ability to bounce back from bad times. Thanks to their brand name, size, or unique technology, these businesses have an edge over their competitors.
Dividend payouts
A lot of expensive stocks belong to companies that have a history of giving steady dividends. This gives buyers a constant stream of income, which can be especially appealing when market returns are low. Over the long term, earnings and capital growth can add up to significant overall gains.
Stability in markets
Most costly shares in India tend to be safer when the market is volatile. They are less volatile compared to small- and mid-cap stocks. Investors feel safer investing in this stable environment during economic downturns or market crashes.
Points to remember before investing in the most expensive stocks
Notwithstanding the advantages provided by companies with the highest stock price in India, you should watch out for these pitfalls while investing in these pricey stocks.
Conduct thorough research
Research is key to any stock market investment. Do not follow the herd while picking expensive stocks for investment. While the stock price might look impressive on paper, there could be an underlying reason that you need to understand.
Diversifying your investments
An investor can protect himself from significant losses by putting together a portfolio that includes types of assets with varying investment returns. For example, stocks and bonds typically give divergent returns. The same market factors that make one type of asset do well often make a different kind of asset do average or badly. You’ll be less likely to lose money and get better results on your investments generally if you put your money into more than one type of stock.
Study market trends to identify overvalued and undervalued stocks
Metrics such as P/E ratio and price-to-book can be useful in evaluating the inherent worth of a stock relative to its peers and the industrial segment. This will help you rule out an expensive stock if its valuation does not justify the stock price.
Conclusion
We have discussed some of the companies with the highest stock prices in India. That being said, they may not be the best-performing stocks in India. However, all of them are solid companies with a good standing in their respective industries. But stock prices change all the time, so nothing is constant. Assess carefully and always do your research before buying expensive stocks.
FAQs
Should you buy expensive stocks?
Various factors impact whether you should buy expensive stocks. Your investment goals, risk tolerance, and financial strategy should all be taken into account when making this choice. It will be a good idea to talk to financial experts and do your research before making any investing choices.
Who should consider buying expensive stocks?
When investors decide to buy an expensive stock, they look at their goals, income, risk tolerance, and other things. People may purchase expensive shares if they think the company will grow over the long term or if the price of the stock is lower than its intrinsic value.
Can buyers make money by purchasing the most expensive stocks?
Putting money into the most expensive stocks can be profitable, but there are some things that buyers should think about before doing so. A stock’s high price doesn’t mean it will make you money by itself. Investors need to consider a lot of things, like the market conditions, the company’s financial health, and its growth potential.
