Investors often look for affordable shares in the stock market, but some stocks come with sky-high prices due to their consistent performance, strong company reputation, and market position. Today, we’re covering the top 10 most expensive shares in India, each costing thousands of rupees. These shares belong to financially stable companies, including MRF, Page Industries, and Shree Cement. Here’s a rundown of India’s priciest shares in 2024 and what makes them so valuable.
10 most expensive shares in the Indian stock market
1. MRF Ltd
- Current Price: ₹124,366 per share
- 1-Year Return: 14%
- 5-Year Return: 90%
- 52-Week High: ₹151,283
- Market Cap: ₹52,611 crore
- Overview: MRF is one of India’s top tire manufacturers, known for products like tires, tubes, conveyor belts, and even toys. Due to its consistent performance and brand reputation, MRF remains India’s most expensive stock.
2. Honeywell Automation India Ltd
- Current Price: ₹50,049 per share
- 1-Year Return: 38%
- 5-Year Return: 75%
- 52-Week High: ₹59,700
- Market Cap: ₹43,771 crore
- Overview: Honeywell Automation is a leader in electronics, instrumentation, and process control equipment. Its share price reflects the company’s innovative approach and growth in India’s industrial and automation sectors.
3. Page Industries Ltd
- Current Price: ₹43,416 per share
- 1-Year Return: 15%
- 5-Year Return: 72%
- 52-Week High: ₹46,817.65
- Market Cap: ₹48,065.33 crore
- Overview: Known for its Jockey brand, Page Industries has 15 manufacturing plants in India and exclusive stores in the UAE and Sri Lanka. Page Industries remains the preferred stock for investors looking at steady growth in India’s innerwear and clothing market.
4. Bosch Ltd
- Current Price: ₹36,160.55 per share
- 1-Year Return: 85%
- 5-Year Return: 135%
- 52-Week High: ₹39,052
- Market Cap: ₹1,06,489 crore
- Overview: Bosch India is part of the global Bosch Group, a leader in technology and services. In India, Bosch is prominent in mobility solutions, industrial tech, and consumer goods. Its stock value highlights its importance in the tech and engineering space.
5. Abbott India Ltd
- Current Price: ₹28,503 per share
- 1-Year Return: 25%
- 5-Year Return: 143%
- 52-Week High: ₹30,499
- Market Cap: ₹60,169 crore
- Overview: Abbott India is one of the oldest healthcare companies in India, producing a range of medicines and healthcare products. The company’s steady growth in India’s healthcare market makes it a popular choice among investors.
6. Shree Cement Ltd
- Current Price: ₹25,133 per share
- 1-Year Return: -3%
- 5-Year Return: 25%
- 52-Week High: ₹30,710
- Market Cap: ₹90,562 crore
- Overview: Shree Cement, India’s third-largest cement producer, was founded in 1979 and is now headquartered in Kolkata. Known for its strong market presence, Shree Cement is ideal for investors interested in the infrastructure and real estate sectors.
7. Saraswati Commercial (India) Ltd
- Current Price: ₹17,599 per share
- 1-Year Return: 520%
- 5-Year Return: 24,000%
- 52-Week High: ₹27,775
- Market Cap: ₹1,767 crore
- Overview: This non-banking financial company (NBFC) has shown staggering growth, delivering high returns for shareholders. Registered with the Reserve Bank of India, Saraswati Commercial remains a strong contender in the financial sector.
8. Procter & Gamble Hygiene and Health Care Ltd
- Current Price: ₹16,020 per share
- 1-Year Return: -5%
- 5-Year Return: 30%
- 52-Week High: ₹19,086
- Market Cap: ₹51,256 crore
- Overview: Established in India in 1967, Procter & Gamble Hygiene and Health Care Ltd. produces healthcare and hygiene products. This stock is a popular choice for investors seeking exposure in the health and hygiene industry.
9. Dixon Technologies (India) Ltd
- Current Price: ₹14,333.50 per share
- 1-Year Return: 180%
- 5-Year Return: 2300%
- 52-Week High: ₹15,999
- Market Cap: ₹85,422.42 crore
- Overview: Dixon Technologies is a leading electronic manufacturing services (EMS) company in India. Known for making electronics, home appliances, and lighting products for popular brands, Dixon has consistently delivered excellent returns for investors.
Why Are These Shares So Expensive?
The high price of these shares is due to several factors:
- Strong Financial Performance: These companies have a long history of profitability and are well-managed.
- Industry Leadership: Most of these companies are leaders in their respective fields, contributing to their high market value.
- Investor Confidence: Consistently high returns and solid growth rates make these stocks attractive, increasing demand and thus their share prices.
Key Takeaways for Investors
- Stable Growth: These companies have a track record of delivering returns over the long term.
- High Entry Cost: The high share price may make these stocks inaccessible to some investors, but they are highly valued by those looking for safe investments.
- Sector Diversity: From healthcare to technology, these stocks cover a range of industries, offering choices for investors with varied interests.
