Top 10 Most Expensive Shares in India

While purchasing shares of an Indian company with our hard-earned money, we often wonder which would be the most expensive share in India? Well, the short answer is that Madras Rubber Factory (MRF) is the highest priced share in India’s stock markets. MRF is a well-known tyre manufacturer. Besides MRF, there are many costly stocks in Indian markets. Let’s take a look at the top 10 of these costliest shares.

1. Madras Rubber Factory (MRF)

On 18 January 2021, MRF share touched the peak and it was priced at Rs. 92,305.95 per share. MRF was established by K.M. Mammen Mappillai in Madras (now Chennai) as a toy balloon manufacturing company in 1946. It started manufacturing nylon tyres in 1973. It supplied tyres for the iconic Maruti 800, India’s first modern small car. MRF launched Funskool India in 1987 in collaboration with Hasbro toys, US. Funskool manufactures and markets toys, board games among others. Today, the company is a global brand in all types of tyres, including the tyres for for sportscars. MRF is listed on both BSE and NSE.

MRF brought its initial public offer (IPO) in 1990 with one share priced at Rs. 11 only. Imagine, if you had invested even Rs. 5,000 in MRF at that time!

 

2. Page Industries Ltd. (PAGEIND)

Although, Page Industries is way behind MRF in terms of per share price, it is far from being cheap! One share of Page Industries costs around Rs. 44,000 and that makes it one of the costliest shares in the Indian market.

The company was established by Sunder Genomal and his brothers in 1994. Page Industries has the exclusive license to manufacture and distribute the innerwear, loungewear and socks of Jockey International brand. This license is valid for India, Sri Lanka, Nepal, Bangladesh, the United Arab Emirates, Oman and Qatar. Page Industries also has license to make and distribute swimwear of Speedo brand in India and Sri Lanka.

3. Honeywell Automation India Ltd. (HONAUT)

The share price of Honeywell Automation India Ltd. (HAIL) is around Rs. 36,000 per share. The company was incorporated in 1984 in Pune, Maharashtra as a joint venture between Tata Group and Honeywell. In 2004, Tata Group sold it’s shareholding of 40.62% to Honewell. Today HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions.

4. Shree Cements Ltd. (SHREECEM)

It is one of the leading cement manufacturing company in India. The company was founded in Beawar, Rajasthan, in 1979. It owns several popular brands including Shree Jung Rodhak, Bangur Cement, Roofon and Rockstrong. The company also owns the Chennai Super Kings (CSK), a cricket team that plays in the Indian Premier League (IPL). At present the price of this share is around Rs. 20,000 per share.

5. 3M India Ltd. (3MINDIA)

This is the subsidiary of the 3M Company USA. As promoter, 3M Company USA owns 75% of the shares. One share of 3M India Ltd. is currently trading at around Rs. 22,000. 3M India deals in a wide range of products ranging from automotive, commercial solutions, health care, electronics, transportation, etc. Some of the popular brands of this company are Scotch Brite, Post It, Scotchprint, Vikuiti, Scotchgard, Litmann, Command and Nexcare.

6. Abbott India Ltd. (ABBOTINDIA)

Abbott India is the subsidiary of Abbott Laboratories (an American company). It was established in 1910 and it makes breakthrough products in diagnostics, medical devices, nutrition and branded generic pharmaceuticals. At present, one share of Abbott India is trading at a price of Rs. 19,500 — that puts it among the most expensive shares in India.

7. Nestle India Ltd. (NESTLEIND)

Nestle is among the world’s most recognizable brands. Nestle India was incorporated on 28 March 1959. It is headquartered in Gurgaon, Haryana. The parent Swiss company Nestlé owns 34.3% share in the company. At around, Rs. 18,500 per share, Nestle India is one of the costliest shares in India. The company makes several extremely popular products like Maggi, Nescafé, Milkmaid, Cerelac, KitKat, Néstea and Polo. Nestle India is among the Indian blue chip companies.

8. Bajaj Finserv Ltd. (BAJAJFINSV)

It is a non-banking financial services (NBFC) company. lending, asset management, wealth management, and insurance. It is a subsidiary of Bajaj Holdings & Investments Limited. According to Business Standard, the company employs over 20,154 employees at 1,409 locations, and is engaged in consumer finance businesses, life insurance, and general insurance. At present, the share price of Bajaj Finserv is around Rs. 12,000 per share.

9. Bosch Ltd. (BOSCHLT)

Bosch Ltd. is a subsidiary of Robert Bosch Internationale Beteiligungen Ag. The parent company owns 67.8% shares of the Indian company. According to Times of India, Bosch Ltd. has a turnover of over US$3 billion and over 31,000 employees spread across 10 locations and 7 application development centers. 84% of Bosch India revenues come from its automotive business, with the remaining 16% split between its non-automotive businesses that include packaging, energy and building, power tools and consumer retail. The current share price of Bosch Ltd. is around Rs. 16,000 per share. Needless to say that this price gives Bosch Ltd. an easy entry into this list of the most expensive shares.

10. Procter & Gamble Hygiene & Healthcare Ltd. (PGHH)

Procter & Gamble (also known as P&G) is among the top FMCG companies in India. The company owns several brands that have become household names. Vicks, Whisper, Ariel, Tide, Gillette, Heads & Shoulders, Pantene, Oral-B, Olay, Old Spice are just a few of the products that P&G makes. The current market price of its share is around Rs. 14,200 per share. The current market capitalization of Procter & Gamble is Rs. 42,274 crore.

Because share prices keep on changing the sequence of these companies may change over time. With time, existing companies may go out and new companies may enter the list. Therefore, we will try and keep the article updated. Nevertheless, these companies are definitely among the ones with costliest share price.

The Yamuna Syndicate Ltd., Bombay Oxygen, Tasty Bite Eatables, Polson, National Standard, Maruti etc. are also among the most expensive shares in India.