Stock prices come in a different variety – some are as cheap as buying a bar of chocolate and some touch a price range of Rs. 50000- Rs. 60000 also. However, worry not, as most of the shares in India trade at the share price below Rs 1,000 per share on Indian stock exchanges, i,e. NSE and BSE. However, there are a few stocks that trade at a higher price as mentioned earlier that are difficult to trade by the retail investor. Although, the share price of a company does not affect the company’s valuation and has nothing to do with it. In this article, we will discuss some of the most expensive stocks in India trading at NSE and BSE.
List of Expensive Stocks in India
MRF
MRF or Madras Rubber Factory is a Tyre manufacturer that manufactures a wide range of tyres for all types of vehicles and majorly specializes in car & bike tyres, trucks/buses tires etc. Currently, MRF holds the title of highest share price in India among all the listed companies on BSE/NSE. The commendable thing about MRF is it started as a small toy-manufacturing unit in the erstwhile Madras and has managed to be one of the top tyre manufacturing companies in India.
Honeywell Automation
Honeywell Automation India Ltd is a part of Honeywell Group and is headquartered in California, USA. It is the leader in providing software business solutions to other companies. The Honeywell Automation share price is the second-highest as of now India.
Currently, the share price of Honeywell Automation India Ltd makes it the second most expensive stock in India. It has a wide product range in environmental and combustion controls, sensing and control, etc. The best thing about this stock is it has given an extraordinary return in the last 5 years to its investors.
Shree Cement
Shree Cement, as the name suggests, is a cement manufacturing company and is counted as one of the most expensive stocks in India. It is headquartered in Kolkata and has its plants spread out in North India, East India and one plant in South India. One important thing to note here is Shree cement is the biggest cement maker in northern India and also produces and sells power under the name Shree Power and Shree Mega Power.
It was established in the year 1979 and is listed on both the exchanges. It is the third-highest priced stock in India. Some of its popular brands include Shree Jung Rodhak, Bangur Cement, Rockstrong Cement.
Page Industries
Page Industries is an Indian company which is a manufacturer and retailer of innerwear, loungewear and socks. One of the renowned brands owned by Page Industries which we all must have heard about is Jockey (Underwear and inner wears company). This stock has turned out to be a multi-bagger stock in the last couple of years and has provided a whopping return in the last ten years. Currently, it is the fourth-highest stock in India.
3M India
3M India Ltd is the subsidiary listed company of 3M Company USA in India. And it was set up in 1987 in India. 3M Company USA holds a 75% equity stake in the company. Coming to its business, it has an extremely diversified portfolio of products in dental cement, health care, cleaning, etc. Some of the few renowned brands from 3M that you might be familiar with include Scotch Brite, Scotch Tapes, Post Its, Scotchgard glue among others.
Nestle India Limited
This is a brand which needs no introduction. Well, of course, we all had KitKat at some point in time. Nestle India Share is also counted among one of the top shares that are highly-priced in India. It is the Indian subsidiary of Nestlé which is a Swiss multinational company. Nestle India is in the food processing industry and has a wide variety of products such as Maggi noodles, Kit-Kat chocolate, Nescafe coffee, Sauce and masalas and some of the chocolates like Munch, Barone, Milkybar, KitKat and Polo are also manufactured under the name of Nestle. Currently, Nestle is the 6th most expensive stock in India.
Abbott India Limited
Headquartered in Mumbai, Abbott India is a pharmaceutical and drug manufacturer and a publicly listed company and a subsidiary of Abbott Laboratories. It was set up in the year 1944 and is counted among one of the oldest pharma companies in India. The medicines the company makes are high-quality trusted medicines in multiple therapeutic categories such as women’s health, cardiology, gastroenterology, metabolic disorders, neuroscience, vaccines and more.
Apart from medicine manufacturing, Abbott has also ventured into bio-medical waste management. Annually, the company manages thousands of kilograms of biomedical waste.
Bosch
Bosch is a part of its parent German multinational company Robert Bosch (or just Bosch). And is headquartered in Germany. Bosch belongs to the sector of automobile ancillaries industry and was incorporated in 1886 in Germany, but the Indian unit was established in 1951.
It is one of the leading suppliers of technology and services in Industrial Technology, Mobility Solutions, Consumer Goods, and Energy and Building Technology. Furthermore, the Indian subsidiary is the largest development centre after Germany. As of Today, Bosch Limited has over 195 billion sales revenue and 31,000+ associates.
