Indian stocks have been rising, but which ones are the most expensive? Did you know India is home to some of the most expensive stocks in the world?
If you’re looking to invest in India, you’ll want to know which stocks are the most expensive. Below is a compilation of the top ten most expensive stocks in India. Whether you’re looking for growth potential or want to know where your money is going, check out this list right now!
List of Top 10 Highest Stock Prices in India
The Indian stock market is a buzz with surprises, one of which is the MRF stock possessing the highest share price in India. Despite being relatively unknown, MRF has been one of the best-performing stocks in the Indian stock market, consistently outperforming the Sensex.
At current prices, MRF is trading at a staggering price-to-earnings ratio of around 60x, making it one of India’s most expensive shares. Despite its high cost, MRF shares remain in great demand due to the company’s excellent fundamentals.
Want to Invest in MRF? Check out the Share Price of MRF on SMC
The company’s market capitalisation makes Honeywell one of the most valuable companies in the country. The business offers a wide range of infrastructure solutions, technology solutions, including avionics, oil and gas refinery, pharmaceutical packaging, and safety footwear.
The firm has been in existence for more than 20 years and has an excellent reputation as a leading provider of industrial automation and control systems. Honeywell is a trusted name in the industry, and its products are used by some of the largest companies in the world.
Despite its high price, Honeywell is a company that is worth investing in. It is a solid and stable company with a bright future.
Want to Invest in Honeywell Automation? Check out the Honeywell Automation Share Price on SMC
Page Industries is another business possessing the highest share price in India. The company’s market capitalization makes it one of the most valuable companies in the country.
The stock is often traded at a high price-to-earnings ratio, making it one of the most expensive shares in the market. However, investors believe the stock is worth the high price as the company has strong growth potential.
Want to Invest in Page Industries? Check out the Share Price of Page Industries on SMC
Shree Cement comes next in line in becoming the most expensive stock in India.
The company’s strong financial performance is the primary reason for the surge in its share price and its shares are also attractive due to the high dividend yield.
Investors are betting on the company’s strong growth prospects. Shree Cement dominates the cement business in northern India. It is also growing its influence in other sections of the country. The company is setting up new plants in Uttar Pradesh, Bihar, Odisha, and Karnataka. It is also expanding its capacity in existing plants.
The company’s shares are expensive, but investors are willing to pay a premium for its strong growth prospects.
Want to Invest in Shree Cement? Check out the Share Price of Shree Cement on SMC
Are you also wondering what makes 3M India as one of the most expensive share in India?
With a notable impact in the Indian market and a market share of more than 20% 3M India is a subsidiary of 3M Company, a US-based multinational corporation.
3M India’s shares have been on a tear in recent years, rising more than five-fold since 2015. The company has profited from strong growth in its core operations, acquisitions, and the introduction of new products. 3M India is well-positioned to continue its strong growth in the coming years.
Want to Invest in 3M India? Check out the Share Price of 3M India on SMC
The company has been in the country since the early 1900s and has a substantial footprint in the food and beverage industries.
Nestle India is a good long-term investment option for investors seeking exposure to the Indian food and beverage industry. The company has a strong brand and a diversified product portfolio, which gives it a good chance of weathering the current slowdown and continuing to grow.
Want to Invest in Nestle India? Check out the Share Price of Nestle India on SMC
Abbott India is a leading player in the Indian pharmaceutical market, with a wide range of products and a strong presence in all the major therapeutic segments.
In recent years, the firm has expanded rapidly, and its stock has been among the best performers on the stock market. However, the current downturn in the Indian economy and the devaluation of the rupee have resulted in a dramatic drop in Abbott India’s share price.
Want to Invest in Abbott India? Check out the Abbott India Share Price on SMC
Bajaj Finserv is one of the most expensive share in India because it is a leading financial services provider in the country.
The company’s share price is high because investors are confident in its prospects. The company is well-positioned to capitalize on India’s expanding need for financial services. It has a strong brand and a loyal customer base.
Bajaj Finserv is a good investment for investors looking for a high-growth stock. It has a strong brand and a loyal customer base.
Want to Invest in Bajaj Finserv? Check out the Bajaj Finserv Share Price on SMC
Bosch is one of India’s most expensive stocks. It is an international corporation with its headquarters in Germany. Bosch is a global leader in automotive components and technology.
With over 12,000 people, the corporation has a considerable presence in India. Bosch is well-known for its high-quality products and cutting-edge technologies. The company’s goods range from automobile parts to power tools and security solutions.
Want to Invest in Bosch? Check out the Bosch Share Price on SMC
Procter & Gamble Hygiene
Procter & Gamble Hygiene is one of India’s most expensive stocks. Many people in the country use the company’s products, and it has a strong presence in the market. The company’s goods are of high quality and are priced accordingly. The company has a good reputation in the market, and its products are in high demand.
Want to Invest in Procter & Gamble Hygiene? Check out the Share Price of Procter & Gamble Hygiene on SMC
The stock markets have been on a wild ride in recent years. While some stocks have gone through the roof, others have taken a beating. The stock market in India is the 2nd largest in Asia, with a capitalization of about 1.3 lakh crores. The top companies in India are some of the biggest in the world. We hope you find this article helpful!
Disclaimer: The provided information is solely for educational purposes. Investments in the stock market are prone to risk; before investing, thoroughly read all relevant documents or consult an expert.