Nowadays, in many ways, you can invest your hard-earned money. But, best of them is the investment in the stock market. The stock price is a key factor in-stock selection. Expensive stocks can add more weight to your portfolio, but it’s risky too. In this article, we have enlisted the top 10 most expensive stocks in India.
These all are blue-chip stocks. These stocks are quite expensive. So, instead of buying expensive gifts such as iPad or even a gold ring for your loved ones, you can purchase any of these stocks.
However, after buying these company shares, you have to be cautious about price movement. Sometimes the market goes downward. So, don’t be greedy. You can sell them at the right time instead of wait to earn more profit.
10 Most Expensive Stocks in India
Here are the top 10 most expensive stocks in the Indian market as on July 2019.
1. MRF Ltd. (Madras Rubber Factory)
Stock Price = ₹ 53502.85 (as on 19/07/2019)
Indian tire manufacturer MRF Ltd. Or Madras Rubber Factory holds the most expensive stock in the Indian market. Most importantly, in February 2014 MRF Share Price was Rs. 18700, and now it is more than 55,000. So, you can understand that long term shareholders earn how much profit from this share.
MRF headquartered in Chennai. It manufactures rubber products including tires, treads, tubes, conveyor belts, paints, toys, cricket bats, gloves, pads, and other accessories, etc.
MRF Ltd. incorporated in the year 1960. Now, this multinational tire manufacturer ranked one in India and the14th largest manufacturer in the world.
Read also:5 Most Useful Stock Market Apps in India
2. Honeywell Automation India Ltd.
Image Courtesy: Google Images
Stock Price = ₹22386.75 (as on 19/07/2019)
Honeywell Automation India Ltd. incorporated in the year 1984. It is a large-cap company operating in the engineering sector and provides integrated automation and software solutions, including process and building solutions.
The product portfolio of Honeywell Automation includes, environmental and combustion controls, sensing and control, and also provides engineering services. It is a leading company in the field of automation and control global clients.
Honeywell Automation has given the return of 334% in the last 5 years.
3. 3M India Ltd.
Stock Price = ₹ 21884.85 (as on 19/07/2019)
3M India Ltd. is a diversified technology company that trading in various products, like industrial, health care, consumer, safety, cleaning, energy markets, graphics, etc.
Previously 3M India Ltd. was known as the Minnesota Mining and Manufacturing Company, an American multinational company. In India, 3M India Ltd. is incorporated in the year 1987.
4. Shree Cement Ltd.
Stock Price = ₹21145.80 (as on 19/07/2019)
Shree Cement is a leading cement manufacturer in India and belongs to the Construction Material sector. Headquartered in Kolkata and incorporated in the year 1979. Shree Cement also is the biggest cement maker in northern India.
It also produces and sells power under the name Shree Power and Shree Mega Power. Shree Cement Ltd. is currently trading at a PE of 73.20. (52-week high- Rs 20,538)
5. Page Industries Ltd.
Stock Price = ₹20082.80 (as on 19/07/2019)
Page Industries Ltd.is a readymade apparels company that usually known as Jockey India (underwear and inner wears company).
Page Industries Ltd. expands very strongly in the Indian market. The main focus of the company is to serve as the prime international licensee of Jockey in the South Asia region and the Asia-Pacific region as a whole.
This company delivered as a multi-bagger stock in the last few years. It has given a return of over 150% in the last 5 years.
Read also:Stock Exchanges in India – All in 1 List
6. Eicher Motors Ltd.
Stock Price = ₹17664.00 (as on 19/07/2019)
Eicher Motors is an Indian Auto manufacturing company of Commercial vehicles. In the year 1982, it is incorporated. It is the parent company of the premium Indian bike motorcycle brand Royal Enfield. Eicher Motor also has a joint venture with Sweden’s AB Volvo to form Volvo Eicher Commercial Vehicles Limited (VECV).
This stock has turned out to be a multi-bagger in the last 5 years. Eicher Motor was trading for Rs 1,500 in January 2012.
7. Bosch Ltd.
Stock Price = ₹15163.10 (as on 19/07/2019)
Bosh Ltd. is a German Engineering and Electronics Company, Robert Bosch. This large-cap company belongs to automobile ancillaries industry
Incorporated in the year 1951, Bosch Ltd. is a large-cap company operating in the auto ancillaries sector. Bosch Ltd. is a leading supplier of technology and related services in the areas of mobility solutions, consumer goods, industrial technology, energy, and building technology.
8. Nestle India Ltd.
Stock Price = ₹11547.05 (as on 19/07/2019)
Nestle India is one of the biggest company in the FMCG sector. It is incorporated in the year 1959.
Nestle India is one of the leading company in India in the food processing sector and has a presence in milk and nutrition, chocolate, beverages, prepared dishes, cooking aids, confectionery segments and many more.
It manufactures products under brand names like Nescafe, Maggi, Milo, Every day, Kit Kat, Bar-One, Milkybar, Milkmaid, Nestea, etc.
9. Procter and Gamble Hygiene and Health Care Ltd. (P&G)
Image Courtesy: Google Images
Stock Price = ₹10506.15 (as on 19/07/2019)
Procter and Gamble Hygiene and Health Care Ltd. commonly-known as P & G is households and personal care industry belongs to the FMCG sector.
It is incorporated in the year 1964 and now P&G leading Indian company of branded packaged FMCGs in the hygiene and healthcare businesses.
Some of the famous products of P&G group are Ariel, Duracell, Gillette, Head & Shoulder, Pantene, Oral-B, Pampers, Vicks, Tide, Ambi Pur, Duracell, Gillette, Olay, Wella, Whisper, etc.
10. Polson Ltd.
Image Courtesy: Google Images
Stock Price = ₹9094.00 (as on 19/07/2019)
Polson ltd belongs to the chemicals sector. The company was incorporated in 1900 by Mr. Pestonji Edulgi Polson, primarily as a dairy product and Coffee manufacturing Company.
After that Polson diversified into other business activities including agriculture, pharmaceuticals, leather chemicals, and Real Estate.
Over the years the primary focus changed and Polson Ltd. became a leading supplier of natural tannin materials and Eco-friendly leather chemicals of Indian.
Performance of the Top 10 Most Expensive Stocks
|#||Stock Name||Current Market Price(CPM) (₹)||52 Week High(₹)||52 Week Low (₹)||PE Ratio||Market Capitalization (₹ Cr)||3 Months Profit / Loss (%)||1 Year Profit / Loss (%)||5 Year Profit / Loss (%)|
|2||Honeywell Automation India Ltd.||22386.75||27892.35||18000.0||55.16||19822.69||-5.94||19.51||334.69|
|3||3M India Ltd.||21884.85||26662.0||19015.0||76.33||24631.81||-12.39||0.75||359.71|
|4||Shree Cement Ltd.||21145.80||22399.9||13100.0||77.46||73759.46||7.37||30.15||188.72|
|5||Page Industries Ltd.||20082.80||36370.00||19007.4||56.86||22377.91||-14.85||-28.31||157.27|
|6||Eicher Motors Ltd.||17664.00||29800.00||18205.00||23.46||48215.21||-15.98||-34.53||106.23|
|8||Nestle India Ltd.||11547.05||12023.25||9047.05||67.63||111387.15||5.41||12.22||130.35|
|9||Procter and Gamble Hygiene and Health Care Ltd. (P&G)||10506.15||11245.0||8801.75||84.65||34088.97||-1.77||1.63||125.08|
Note: All the above values collected as on 19/07/2019
The stock market is dynamic, and the stock prices change every day. So, the name of the companies or the order in the most expensive stocks list in India may change.
Most of the stocks on the above list are trading at a high price-earnings ratio or P/E ratio. So, always research carefully about these companies before invest in any of the above stocks.
A high stock price doesn’t ensure a high return. Again, it does not mean the company is fundamentally strong enough to invest.