When entering the world of 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.
Which stocks are the most costliest in the Indian stock markets and how is the stock price determined?
We will try to answer these questions in the following article
Let’s have a look at the top 10 most expensive stocks in India:
(The data was last updated on 18 February, 2022)
MRF is a vehicle tyres manufacturer. However, it also makes paints, sports goods, and the famous toy brand Funskool’ is also a product of MRF
MRF started off as a small toy manufacturing unit in the backyard shed of K.M. Mammen Mappillai in erstwhile Madras.
Madras Rubber Factory (MRF) by 1949 was making balloons, toys and contraceptives. Its first tyre ever was manufactured in 1961.
In terms of stock price, it is one of the costliest shares in India and it has maintained its position for a long time now
The range of MRF share price ( 52 week low- 52 week high) at the time of writing this is Rs. 65,007- Rs. 90,801.
Know more about the stock, here: MRF
Honeywell Automation provides software business solutions to other companies.
The company helps manufacturing plants, buildings, workers and supply chains become smarter and sustainable through the process solutions it provides.
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 40.62% in favour of its foreign joint venture partner.
The range of Honeywell Automation share price ( 52 week low- 52 week high) at the time of writing this is Rs. 38,130- Rs. 49,990
Know more about the stock, here: Honeywell Automation
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.
The range of Page Industries share price ( 52 week low- 52 week high) at the time of writing this is Rs. 27,266- Rs. 45,600
Know more about the stock, here: Page Industries.
Shree Cements is a cement-making company. It was incorporated in 1979. Some of its brands include Shree Jung Rodhak, Bangur Cement, Rockstrong Cement.
The range of Shree Cement share price ( 52 week low- 52 week high) at the time of writing this is Rs. 23,500- Rs. 32,048
Know more about the stock, here: Shree Cement
3M India was set up in 1987 in India. Its business is extremely 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.
The range of 3M India share price ( 52 week low- 52 week high) at the time of writing this is Rs. 20,866- Rs. 31,000
Know more about the stock, here: 3M 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, branded generic pharmaceuticals.
The range of Abbott India share price ( 52 week low- 52 week high) at the time of writing this is Rs. 14,228- Rs. 23,934
Know more about the stock, here: Abbott India
Nestle’s association with India dates back to the early 1900s when it had 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, a+ milk range.
The range of Nestle share price ( 52 week low- 52 week high) at the time of writing this is Rs. 16,002- Rs. 20,609
Know more about the stock, here: Nestle India
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.
The range of Bajaj Finserv share price ( 52 week low- 52 week high) at the time of writing this is Rs. 8,960- Rs. 19,325
Know more about the stock, here: Bajaj Finserv
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 range of Bosch Ltd share price ( 52 week low- 52 week high) at the time of writing this is Rs. 13,225- Rs. 19,250.
Know more about the stock, here: Bosch
Proctor and Gamble Hygiene & Health Care
Procter & Gamble Hygiene and Health Care Limited (P&GHHCL) is one of India’s fastest growing Fast Moving Consumer Goods (FMCG) Companies that has 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 The Procter & Gamble Company, USA.
The range of Honeywell Automation share price ( 52 week low- 52 week high) at the time of writing this is Rs. 4,568- Rs. 7,310
Know more about the stock, here: Proctor and Gamble Hygiene & Health Care
Why stock price isn’t a relevant metric?
The price of a share comes from dividing the market capitalization of the firm by the number of outstanding shares a company decides to issue.
Say a company’s total market capitalization is Rs 10,000 and it has issued 100 shares
Share price = Rs 100 per share.
But if it decides to issue only 10 shares, then
Share price= Rs 1,000 per share
It’s all about how many shares a company issues.
(To read more about stock prices, click here: How are stock prices determined?)
A cheaper share is not necessarily an undervalued or fairly valued share and a very expensive share (in the terms of per share price) is not necessarily an overvalued share.
Many companies split their number of shares after the price of each share reaches a certain level.
There are many companies which don’t go for a stock split. MRF, for example, has not done that and hence the price of a single stock is high.
Hence, the stock price should not be considered as a good criterion for comparing stocks.
Instead, to find out whether the stock is overvalued or undervalued, the investor can look at various + ratios, the company’s financials, management, business strategy, and so on.
(To read more about calculating the fair value of shares, click here: Fair value of stocks)
Disclaimer. The content presented here is only for informational and educational purposes. It is not intended to be advice on what to buy or sell. Investors are advised to do in depth research, refer to various sources and invest in alignment with their personal financial goals.