When it comes to the Indian economy and the stock market, most people would assume that the highest priced stocks would belong to companies like Tata, Reliance India Limited, Maruti Suzuki, etc. However, once you go through our list of the costliest shares in India (based on the prices on July 24th, 2020), you will find that the highest share price in India doesn’t belong to those companies. Our list is based on the price of the shares but these are also some of the best shares to buy in India if you are looking to invest. Without further ado, let’s get started.
Here are the 11 Costliest Shares in India
1. MRF Limited – Stock price: Rs. 62,900.00 (24 Jul, 3:30 PM)
BSE: 500290 | NSE: MRF | SERIES: EQ | ISIN: INE883A01011 | SECTOR: TYRES
Founder: K. M. Mammen Mappillai
Founded: 1946, Chennai
Revenue: 22,683.87 crores INR (US$3.3 billion, 2017)
Famous Indian tyre manufacturer MRF holds the distinction of being the most expensive stock in India. The costliest share in India trades at almost Rs. 63,000 per share (the highest share price in India by far).
Madras Rubber Factory(MRF) Limited is the largest tyre manufacturer in India and it has global operation as well, making it the fourteenth largest tyre manufacturer in the world.
MRF started as a rubber balloon factory with a funding of Rs. 14,000 by KM Mammen Mappillai in 1946. MRF holds the distinction of being the most expensive share in India. MRF specializes in Car & bike tyres, trucks/buses tyres, LCV & SCV (light & small commercial vehicle) tyres, farm services & OTR tires.
2. Honeywell Automation India Ltd: Stock price: Rs. 27,768.00 INR (24 Jul, 3:30 PM)
BSE: 517174 | NSE: HONAUT | SERIES: EQ | ISIN: INE671A01010 | SECTOR: TELECOMMUNICATIONS – EQUIPMENT
Headquarters: Burbank, California, United States
Subsidiaries: Honeywell & Co. Oman LLC, MORE
Parent Company: Honeywell International Inc., Charlotte, North Carolina, USA
As far as the costliest shares in India are concerned, Honeywell comes second in the list. Honeywell is the second most expensive stock of Indian share market. The second most expensive share in India trades at a price of around Rs 28,000 for every Share
Honeywell Automation India Limited is a company which deals with the manufacture of electronic systems and components; repair and maintenance, and trading of machinery, equipment and supplies. Honeywell is a popular consumer electronics company that makes products such as air purifiers, air filters, surge protectors, and bar code scanners. The company has one of the highest share prices in India consistently.
3. 3M India Ltd.: Stock price: Rs. 21,499.00 (24 Jul, 3:30 PM)
BSE: 523395 | NSE: 3MINDIA | SERIES: EQ | ISIN: INE470A01017 | SECTOR: DIVERSIFIED
Headquarters: Bangalore, India
Subsidiaries: 3M Innovation (Thailand) Co. Ltd, 3M Saudi Arabia
Parent Company: The 3M Company, Saint Paul, Minnesota, USA
The third costliest share in India, 3M India Ltd trades at a market price of around Rs. 21,500 for each stock.
The third most expensive stock of the Indian market is the Indian arm of the world famous adhesive product manufacturing company, 3M (founded as the Minnesota Mining and Manufacturing Company in the USA). The company behind the third most expensive share in India is fundamentally a science-based company. It has a vast array of imaginative products and is the market leader in multiple categories, ranging from health care and highway safety to office products and abrasives and adhesives. It consistently has one of the highest share prices in India.
4. Shree Cements Ltd.: Stock price: Rs. 21,280.00 (24 Jul, 3:30 PM)
BSE: 500387 | NSE: SHREECEM | SERIES: EQ | ISIN: INE070A01015 | SECTOR: CEMENT – MAJOR
Revenue 58.58 billion INR (US$820 million) 2013-2014
The fourth costliest share in India, Shree Cements Ltd trades at Rs. 21,280 per share.
The company behind the fourth most expensive stock of the Indian market, Shree Cements Ltd. is a leading cement and power producer in India. Shree Cement is primarily an Indian cement manufacturer. Before becoming the fourth most expensive share in India, Shree Cements had humble beginnings in Beawar in the Ajmer district of Rajasthan in the year 1979. The company has its current headquarters in Kolkata and is one of the biggest cement makers of North India. The company produces and sells power under the brand name Shree Power and Shree Mega Power.
5. Eicher Motors Ltd. : Stock price: Rs. 20,830.00 (24 Jul, 3:30 PM)
BSE: 505200 | NSE: EICHERMOT | SERIES: EQ | ISIN: INE066A01013 | SECTOR: AUTO – LCVS & HCVS
Founder Vikram Lal
Headquarters: New Delhi
The fifth costliest share in India, Eicher Motors Limited trades at a market price of around Rs. 20,800for each stock.
The fifth most expensive stock in the Indian market, Eicher Motors Limited is a famous motorcycle and commercial vehicles manufacturer. The company behind the fifth most expensive share in India, Eicher is the maker of iconic Royal Enfield, a name which is loved by most motorcycle enthusiasts of the country. The world’s oldest motorcycle brand in continuous production, Royal Enfield has made its distinctive motorcycles since 1901. Eicher has a joint venture with Sweden’s AB Volvo – Volvo Eicher Commercial Vehicles Limited (VECV)
6. Page Industries Ltd.: Stock price: Rs. 19,386.00 (24 Jul, 3:30 PM)
BSE: 532827 | NSE: PAGEIND | SERIES: EQ | ISIN: INE761H01022 | SECTOR: TEXTILES – READYMADE APPARELS
The sixth costliest share in India, Page Industries Ltd. trades around the price of Rs. 19,400 per stock. Featuring the sixth most expensive share in India, Page Industries, also known as Jockey, is the licensee of Jockey International and Speedo in India and Sri Lanka. The company behind the sixth most expensive stock of the Indian market was established in 1994 by the Genomal family. It started trading publicly on July 29th 2007, with an IPO of Rs 600.
Page Industries handles all of the manufacture and distribution operations of the JOCKEY brand Innerwear/Leisurewear for Men and Women in India, Sri Lanka, Bangladesh, Nepal and UAE. Page Industries also holds the license to manufacture, market and distribute the Speedo brand across India.
7. Nestle India Ltd.: Stock price: Rs. 17,250.00 (24 Jul, 3:30 PM)
BSE: 500790 | NSE: NESTLEIND | SERIES: EQ | ISIN: INE239A01016 | SECTOR: FOOD PROCESSING
Parent Company: Nestle S.A., Vevey, Vaud, Switzerland
The seventh costliest share in India, Nestle India trades at a market price around Rs. 17,250 for each stock.
The seventh most expensive stock in the Indian market, Nestle also happens to be the world’s leading Nutrition, Health and Wellness Company. Some of the famous products offered by the company with the sixth most expensive share in India are: Nescafe, Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, Nestea, Nestle Milk, Nestle Dahi and Nestle Jeera Raita. The company has one of the highest share prices in India.
8. Abbott India Limited: Stock price: Rs. 15,157.00 (24 Jul, 3:30 PM)
BSE: 500488 | NSE: ABBOTINDIA | SERIES: EQ | ISIN: INE358A01014 | SECTOR: PHARMACEUTICALS
Parent Company: Abbott Laboratories, Abbott Park, Illinois, USA.
The eighth costliest share in India, Abbott India trades at a market price of around Rs 15,157 per stock.
The eighth most expensive stock in the Indian market, Abbott is one of India’s largest pharmaceutical companies with a diverse range of science-based nutritional products, diagnostic tools, branded generic pharmaceuticals, and diabetes and vascular devices. The company behind the eighth most expensive share in India, Abbott India Limited is an integral part of Abbott’s global pharmaceutical business operations.
9. Bosch Ltd: Stock price: Rs. 13,187 (24 Jul, 3:30 PM)
BSE: 500530 | NSE: BOSCHLTD | SERIES: EQ | ISIN: INE323A01026 | SECTOR: AUTO ANCILLARIES
Headquarters: Bangalore, Karnataka
Parent organization: Robert Bosch GmbH, Gerlingen, Germany
The ninth costliest share in India (by a very small margin) is Bosch Ltd., one of India’s most famous Auto, Industrial Technology and Consumer Goods manufacturing firms. The ninth most expensive share India is traded at a market price of around Rs. 13, 187 per stock.
Bosch Ltd is India’s largest automobile component manufacturer. The firm’s activities fall under the following subcategories: Automotive Technology i.e. Diesel and Gasoline Fuel Injection Systems, Blaupunkt Car Multimedia Systems, Auto Electricals and Accessories, Starters and Motors, Energy and Body Systems. The company behind the ninth most expensive shares in India is also a leading supplier of technological services in areas such as Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
10. Procter and Gamble Hygiene and Health Care Ltd.: Stock price: Rs. 10,861.00 (24 Jul, 3:30 PM)
BSE: 500459 | NSE: PGHH | SERIES: EQ | ISIN: INE179A01014 | SECTOR: PERSONAL CARE
Parent organization: The Procter & Gamble Company, Cincinnati, Ohio, USA
The tenth costliest share in India, Procter and Gamble Hygiene and Health Care Ltd trades for a market rate of around Rs. 10,861 of each stock.
Procter & Gamble Hygiene and Health Care Limited is one of the largest and most revered consumer goods companies in India. Established in 1964, the company behind the tenth most expensive stock in India is engaged in the manufacturing and selling of branded packaged fast-moving consumer goods in the femcare and healthcare businesses. The company with the tenth most expensive shares in India also offers ayurvedic products and sanitary napkins.
11. Bombay Oxygen Investments Ltd.: Stock price: Rs. 10,720.00 (24 Jul, 3:30 PM)
BSE: 509470 | ISIN: INE01TL01014 | SECTOR: CHEMICALS
The eleventh costliest share in India, Bombay Oxygen Investments Ltd. might be the least familiar sounding name on this list. The eleventh most expensive stock in India trades at a market price of around Rs. 10,720 per stock.
Bombay Oxygen Investments Ltd. was established on 3rd October 1960. Bombay Oxygen is also into the business of manufacturing and supplying of Industrial gases like oxygen, nitrogen and carbon dioxide.
So that was our list of the 11 costliest shares in India. Hopefully, that gave you a better insight into the most expensive shares in the Indian stock market. As you would’ve seen by now, the highest share price in India is not enjoyed by the companies you might have expected. And even though the stocks in this list are a bit expensive, they are definitely among some of the best stocks to buy in India. Keep them in mind while investing.