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Which is the Most Expensive Shares in India

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Published Date: 20 Jan 2023Updated Date: 31 Dec 20246 mins readBy MOFSL

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Investing in the stock market is favourable only when it is done with right people and at the right time. Investors have to carefully understand their risk appetite before making an investments in stocks. Price of shares range from single-digits to hundreds and thousands of rupees. Let's take a look at some of the most expensive shares that are currently traded in India.

While scouting for shares to invest in or browsing the listing on the exchange to understand the market better, you may have come across the stocks of some companies with exorbitant (and often prohibitive) prices. Have you been curious to discover what the most expensive shares in India are? Or wondered what the highest share price in India has been?

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Highest Share Price In India

If you have, then you’ll find the list below extremely interesting. Check out some of the costliest shares in India’s stock markets.

1. MRF

MRF (Madras Rubber Factory) is an Indian multinational company that manufactures and sells a wide range of rubber products, including tires for automobiles and motorcycles, treads for conveyor belts, and paints. The company, which was founded in 1946 and is headquartered in Chennai, India, is one of the largest tire manufacturers in India and is also a major player in the global tire market.

It is also the company with the highest share price in India, with its stock price exceeding ₹88,000 at the beginning of 2023.

2. Page Industries

Page Industries is an Indian multinational company that manufactures and sells innerwear and leisurewear products. The company was founded in 1994 and is headquartered in Bangalore, India. The company is known for Jockey, which is a well-known brand in India and abroad. Page Industries is responsible for the manufacture, distribution and marketing of the brand in India, Sri Lanka, Bangladesh and Nepal.

With the company’s stocks being priced at over ₹42,000 at the beginning of 2023, Page Industries is also one of the costliest shares in India’s stock markets.

3. Honeywell Automation

Honeywell Automation is a division of Honeywell International, a multinational conglomerate corporation that produces a variety of commercial and consumer products, engineering services, and even aerospace systems. So, Honeywell Automation has a global presence, with a strong focus on smart energy, green buildings, and efficient supply chains.

At the start of the year, Honeywell Automation gave close competition to Page Industries, with its share price breaching the ₹40,000 mark and cementing its position as one of the highest share prices in India.

4. Shree Cement

Shree Cement is an Indian multinational company that manufactures and sells cement and cement-related products. The company was founded in 1979 and is headquartered in Kolkata, India. It is one of the largest cement manufacturers in North India and also has a presence in the Middle East and South Asia. The company's product portfolio includes cement, power, and value-added products such as clinker, cement grinding units and fly ash.

Shree Cement also has some of the most expensive shares in India, with the company’s stock price coming in at well over ₹23,000 at the start of the year 2023.

5. 3M India

3M India is a subsidiary of 3M, a multinational technology company that produces a wide range of products for industrial, healthcare, safety, and consumer markets. The company was established in 1987 and is headquartered in Bangalore, India. It offers a diverse range of products, including abrasives, adhesives, passive fire protection, laminates, dental and orthodontic products and car-care products, and consumer products.

As of the start of January 2023, 3M India’s share price dipped slightly. Nevertheless, with the price being over ₹21,000, the company’s stocks were still among the costliest shares in India and continue to remain so.

6. Abbott India

Abbott India Limited is a subsidiary of Abbott Laboratories, a global healthcare company that produces a wide range of medical devices, diagnostic equipment, and pharmaceutical products. The company is headquartered in Mumbai, India and was founded in 1944. Abbott India is known for its innovative products, such as the diagnostic test for COVID-19, and for its line of pediatric nutrition products. In addition, the company focuses on accessibility and affordability in healthcare.

Abbott India’s share price as of January 2023 was over ₹21,000, which is why the company is also included among those that have the most expensive shares in India.

7. Nestle India

Nestle India is a subsidiary of Nestle S.A, a Swiss multinational food and drink company. The company was established in 1912 and is headquartered in Gurgaon, India. It offers a diverse range of food products, including milk products, chocolate and confectionery, beverages, baby food and even pet food. Some of the popular brands of Nestle India include Maggi, KitKat, Nestle Milk and Nescafe.

Nestle India is also among the companies with some of the top share prices in India. At the beginning of the calendar year 2023, the company’s share price was over ₹19,000.

8. Procter & Gamble Hygiene & Health Care

Procter & Gamble Hygiene and Health Care Limited (P&G) is a subsidiary of Procter & Gamble (P&G), a multinational consumer goods corporation that produces a wide range of personal care, cleaning, and health care products. The company is known for many popular brands, such as Vicks, Tide, Whisper, Pampers, and Ariel.

The shares of Procter & Gamble Hygiene & Health Care as at the beginning of 2023 were priced at over ₹14,000, making them some of the costliest shares in India.

Conclusion

This sums up the interesting details of the most expensive shares in India. If you wish to invest in any of these companies because you think they may be a good fit for your portfolio, you need to have the required amount of capital ready. Alternatively, you can also invest in mutual funds that include these stocks in their asset portfolio.

Whichever route of investing you choose, you need a Demat and trading account to purchase the shares or the mutual fund units. If you do not have one yet, you can easily open a Demat account for free by visiting Motilal Oswal’s website. Once your Demat account is opened, you can invest not just in the most expensive stocks in India, but also in upcoming IPO s and a variety of other market-linked assets.

As you reach the end of your exploration of India's stock market, you now have knowledge about the most expensive share in India. Investing in valuable shares can be a rewarding strategy, but it comes with risks and challenges. Always remember, investing is a dynamic journey - stay informed and make smart decisions.