Top 10 Most Expensive Stocks in India 2023 (2024)

When entering the world of the Stock Market, an investor will find that stock prices vary across a wide range from a few rupees to thousands of rupees for each share.

So if you are curious about the most expensive stocks on the Indian stock exchanges and how they are priced, read on, wehave done our best to address this question in this blog and compile a list of India's priciest stocks.

Let us have a look at the costliest share in India.

Top 10 Most Expensive Stocks in India

Following is a list of some of the most expensive shares in India-

Things to Remember While Investing in Costly Stocks

• A highly priced stock does not necessarily mean that you should invest in it.
• No matter the source's reliability, never take a stock market tip at face value without in-depth research. Always choose your stocks after thoroughly investigating and evaluating the companies' and employees' performance.

  While some may be necessary, incorrect advice may quickly push you into danger.

• Conduct thorough research and decide whether you have the funds to invest in costly share in Indiabefore joining the stock bandwagon due to media attention and other reasons.
• Although long-term investments are superior to other investments, you should not overspend your budget hastily. Instead, pick a fixed amount and spread it among several reputable stocks.

  Spend your money evenly across several high-performing stocks and shares rather than just one stock.

Most Expensive Stocks in India: An Overview

Here is a brief overview of the most costly stocks in India-

1) MRF

The largest tyre manufacturer in India is Madras Rubber Factory, a multinational corporation known as MRF or MRF Tyres. Chennai, Tamil Nadu, India, serves as its corporate headquarters. It is often addressed to have the highest share price in India.

MRF is mainly a vehicle tyres manufacturer. However, it also makes paints and sports goods, and the famous toy brand Funskool' is also a product of MRF. MRF started as a small toy manufacturing unit in the backyard shed of K.M. Mammen Mappillai in erstwhile Madras.

The company's main business is producing rubber goods like conveyor belts, tyres, tubes, flaps, and tread rubber. The company's varied business interests include coats, toys, and pre-reads. In addition, the company makes tubes, flaps, and tyres for trucks, two-wheelers, and passenger cars.

2) Honeywell Automation India

Honeywell Automation provides software business solutions to other companies. The company helps manufacturing plants, buildings, workers, and supply chains become more innovative and sustainable through its process solutions. It often has the highest stock price in India.

The company was set up in 1987 as a joint venture between Tata Group and Honeywell's parent company in the U.S. and was earlier called Tata Honeywell. In 2004, Tata Group sold its shareholding of 40.62% in favour of its foreign joint venture partner.

Refining, oil and gas, pulp, paper, printing, power generation, power transmission and distribution, chemicals and life sciences, petrochemicals, metals, minerals, and mining are among the company's goods and services.

3) Page Industries

Page Industries is a company that has the license to make, manufacture and distribute Jockey products in India, Bangladesh, UAE, Sri Lanka, and Nepal. Page Industries also has an exclusive license for Speedo International Ltd.'s products.

For the production and distribution of the JOCKEY brand Innerwear/Leisurewear for Men and Women in India, Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates, Page Industries Ltd., based in Bangalore, India, holds an exclusive license from JOCKEY International Inc. (USA).

4) Shree Cement

Shree Cements is a cement-making company. A leading cement producer in North India is Shree Cement Ltd. It was incorporated in 1979. Some of its brands include Shree Jung Rodhak, Bangur Cement, and Rockstrong Cement.

The company markets its products by using three brand names—Shree Ultra Jung Rodhak Cement, Bangur Cement, and Tuff Cemento. The business also engages in the production of cement and power.

5) 3M India

3M India was set up in 1987 in India. Its business is highly diversified across many categories. A few brands from 3M that you might be familiar with include Scotch Brite, Scotch Tapes, Post Its and Scotchgard glue. It also covers adhesives, paint protection films, window films, signs, dental products, surgical solutions, etc.

At its core, 3M is a science-based organization. They are a leader in many markets, including those for office supplies, abrasives, and adhesives, in addition to producing thousands of innovative products.

Consumer & Office, display & graphics, electro & communications, health care, industrial & transportation, Safety, Security & Protection Services are all included in the company's business portfolio.

Additionally, the company operates in the following market niches: Energy, Health Care, Industrial and Transportation, Consumer & Office, Construction Markets, and Safety, Security, and Protection Services.

6) Abbott India

Abbott India is a subsidiary of Abbott Laboratories of the USA. It has a vast range of nutritional products, diagnostic tools, diabetes and vascular devices, and branded generic pharmaceuticals.

Anaesthesia, Animal Health, Cardiovascular, Diabetes Care, Hematology, Immunodiagnostics and Clinical Chemistry, Immunology, Metabolics, Molecular, Neuroscience, Nutrition, Oncology, Pain Care, Point of Care, Renal Care, Vascular, and Virology are just a few of the medical specialities that Abbott India Ltd. develops, produces and markets.

The business has internal development and medical teams that work on developing products and clinical trials specifically for the Indian market.

Their product line is divided into primary, unique, and hospital care. Primary care includes pain management, gastroenterology, and neurology products with well-known brands like Brufen, Digene, and Cremaffin. Speciality care includes metabolic urology, neurology, and psychiatric solutions in the thyroid, obesity, diabetes, and benign prostatic hyperplasia.

7) Nestle India

Nestle's association with India dates to the early 1900s when it started sending products to the Indian market. It set up its first factory in India in 1961. Nestle, the brand, is home to many known names: Maggi, sauce, Maggi masala, Sunrise coffee, Narrow, and a+ milk range.

An Indian company called Nestle India Limited works in the food industry. Nestle is the leading company in the world for nutrition, health, and wellness.

In 1866, the Company was founded. The food industry combines product groups with the help of beverages, prepared foods and cooking utensils, chocolates and confectionery, milk products, and nutritional products.

8) Bajaj Finserv

Bajaj Finserv is a part of Bajaj Holdings & Investments Limited. The business is focused on lending, asset management, wealth management and insurance. Bajaj Finserv is also active in wind-energy generation with an installed capacity of 65.2 MW.

Currently involved in the life insurance, general insurance, and consumer finance sectors, Bajaj Finserv Ltd. has plans to grow by providing a broad range of financial products and services in India. In addition, the company offers financial services and engages in wind energy production.

9) Bosch

Bosch Ltd is a part of Germany's Robert Bosch company. Bosch's activities can be categorized as Automotive technology - diesel and gasoline fuel injection systems, car multimedia systems, auto electricals and accessories, motors, and starters.

The largest producer of automotive components in India is Bosch Ltd. The following divisions can be used to categorize the company's activities: Automotive technology includes features such as diesel and gasoline fuel injection systems, Blaupunkt car multimedia systems, auto electricals and accessories, starters and motors, and energy and body systems.

Industrial technology includes consumer goods such as packaging and special purpose machines and building technology such as power tools and security systems. The business also engages in the sale of automotive products.

10) P&G

Procter & Gamble Hygiene and Health Care Limited (P&G HCL) are one of India's fastest growing Fast Moving Consumer Goods (FMCG) Companies in its portfolio WHISPER - India's leading Feminine Hygiene brand, and VICKS - India's No.1 Health Care brand and Old Spice. Proctor and Gamble Hygiene & Health Care is the Indian subsidiary of Procter & Gamble Company, USA.

A fast-moving consumer goods company with one of India's highest growth rates is Procter & Gamble Hygiene & Health Care Ltd. Duracell, Olay, Tide, Gillette, Braun, Pringles, Lacoste, Puma, Oral-B, HUGO, Mr Clean, Cover Girl, Pantene, Pampers, and Old Spice are just a few of the brands that Procter & Gamble owns internationally. The P&G Hygiene and Health brand portfolio includes names like Vicks & Whisper.

Conclusion

Even though investing in these companies may draw sizable sums of money for a smaller number of shares, they have expanded at a sizable rate if we look at their historical growth. However, since the stock market fluctuates, anything can happen. So be wise, conduct thorough research before investing, and ensure you know the risks.

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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Research Analyst - Himanshu Sinha