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. 

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Let’s have a look at the top 10 most expensive stocks in India: 

(The data was last updated on Oct 20, 2021)


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.

One share of MRF at the time of writing this, on an average, varies between Rs 80,000 – 85,000. 

Know more about the stock, here: MRF

Honeywell Automation

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 share holding 40.62% in favour of its foreign joint venture partner.

One share of Honeywell automation at the time of writing this, on an average, varies between Rs 42,000 – 44,000. 

Know more about the stock, here: Honeywell Automation

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.

One share of Page Industries at the time of writing this, on an average, varies between Rs 37,000 – 39,000. 

Know more about the stock, here: Page Industries

Shree Cement

Shree Cements is a cement-making company. It was incorporated in 1979. Some of its brands include Shree Jung Rodhak, Bangur Cement, Rockstrong Cement.

One share of Shree Cement, at the time of writing this, on an average varies between Rs 28,000 – 30,000. 

Know more about the stock, here: Shree Cement

3M India

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. 

One share of 3M India, at the time of writing this, varies between Rs 25,000 – 27,000. 

Know more about the stock, here: 3M India

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, branded generic pharmaceuticals.

One share of Abbott India, at the time of writing this, varies between Rs 20,000 – 22,000. 

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. 

One share of Nestle, at the time of writing this, on an average varies between Rs 19,000 – 21,000. 

Know more about the stock, here: Nestle India

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.

One share of Bajaj Finserv, at the time of writing this, varies between Rs 19,000 – 21,000. 

Know more about the stock, here: Bajaj Finserv

Tasty Bite Eatables

Tasty Bite offers a range of consumer packaged goods. 

It was launched in 1995 and has its headquarters in Pune, India and Connecticut, USA.

In August 2017, a majority of the owner company of Tasty Bite was acquired by Mars, Incorporated, the company that makes the famous Mars bars. 

One share of Tasty Bite Eatables, at the time of writing this, varies between Rs 17,000 – 19,000. 

Know more about the stock, here: Tasty Bite Eatables


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.

One share of Bosch, at the time of writing this, varies between Rs 17,000 – 19,000. 

Know more about the stock, here: Bosch

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, 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, 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)

Happy Investing!

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.

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