The quoted price of the stock indicates the price accepted by the buyer and seller for the trade. When more buyers are interested in a particular stock, its price increases.
However, high-priced shares do not mean that the company is better than others. If a company splits more shares, automatically the price of shares will go down.
What are the most expensive Stocks in India? Currently, in June 2021, Madras Rubber Factory (MRF) holds the first position with a worth of Rs. 80,515 per share.
For the rest, to find out more about the most expensive shares in India.
15 Most Expensive Stocks In India
1. MRF Limited – Most Expensive Stock In India
Market Capitalisation: INR 34,343 crores
About the company: Madras Rubber Factory (MRF) is an Indian manufacturer of automotive tires, rubber products, toys, and sports equipment. MRF was founded in 1960. MRF is a well-known name in the rubber industry.
The company is the largest tire manufacturer in India and the 6th largest tire manufacturer in the world. MRF owns Funskool, a popular brand for kids.
In the past five years, MRF share has shown an impressive growth of 156.91%. That’s mind-blowing.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: ~Rs. 80,515
Share Price on National Stock Exchange: ~Rs. 80,514
2. Honeywell Automation India Limited
Market Capitalisation: INR 35,521 crores
About the company: Honeywell Automation India limited is a software, machinery, and software manufacturer. Other products and services include environmental and combustion control, engineering support to various companies.
The company was founded in 1984 and started manufacturing in India under the name of Tata Process Control Pvt. In 2005, the company broke its ties with TATA and changed its trading symbol from TATAHONEY to HONAUT on March 24, 2005.
The share price of Honeywell has skyrocketed over the last 5 years, with an impressive growth of 331.26%.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 39,960
Share Price on National Stock Exchange: INR 39,896
3. Page Industries Limited
Market Capitalisation: INR 32,915 crore
About the company: Page Industries is a manufacturer, promoter, and distributor of Jockey products. They also hold the distributing license of SPEEDO, a famous swimwear brand.
The company was founded in 1994. Page Industries is engaged in manufacturing innerwear, loungewear, and socks. It is headquartered in Bangalore, India.
In the past five years, its share value jumped from 14,000 to 29,458 with almost 119% growth. In the market marathon, the company is winning.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 29,458
Share Price on National Stock Exchange: INR 29,455
4. Shree Cement Limited
Market Capitalisation: INR 1,03,452 crore
About the company: Shree Cement is an Indian cement manufacturer. The company also indulges in the production of power (captive power plant). The company was founded in 1979. Shree Cement is the 2nd largest Indian cement producer in terms of market cap.
The company sells cement under the name of Shree Jungrodhak cement, Bangur Cement, and Rockstrong cement.
Their share value jumped from INR 14,000 in June 2016 to INR 28,727 in June 2021. It recorded net growth of 105% over the past 5 years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 28,727
Share Price on National Stock Exchange: INR 28,729
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5. 3M India
Market Capitalisation: INR 28,454 crores
About the company: 3M India limited is a science company. The company has a wide array of products over 55,000 products ranging from innovation, home appliances, building materials, healthcare equipment, Automotive, Commercial Solutions, Consumer, Design & Construction, Electronics, Energy, Mining, Oil & Gas, Safety, Transportation, and many more.
3M owns brands like Command, Littmann, Nexcare, Post-it, Scotch-Brite, and Scotch. The company was founded in 1987.
With a total of 105.50% growth over 5 years, it is one of the most expensive stocks in India.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 250,92
Share Price on National Stock Exchange: INR 250,60
6. Nestle India
Market Capitalisation: INR 1,69,882 crores
About the company: Nestle is one of the most trusted brands in India. The company was founded in 1959. Nestle is engaged in food, beverages, chocolate, and confectioneries production. Company shares are one of the most expensive shares in India.
This prestigious brand owns many well-known labels like Boost, Maggie, Munch, Kitkat, Polo, Nescafe, Milkibar, and many more. Nestle is among the best players in the food business.
Nestle’s shares have recorded an impressive surge of 173.60% over the last 5 years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 17,501
Share Price on National Stock Exchange: INR 17,506
7. Abbott India Limited
Market Capitalisation: INR 34,843 crores
About the company: Abbott India Limited is a U.S.-based pharmaceutical company founded in 1944. They have a wide range of products such as diagnostics solutions, Nutritionals, therapeutic devices, nutritional products, and many more. It is a subsidiary of Abbott laboratories. It is a Fortune 500 company.
Though it is among the most expensive shares in India, Abbott India has recorded over 267% growth over the past 5 years. Ain’t that a great deal?
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 16,488
Share Price on National Stock Exchange: INR 16,471
8. Tasty Bite Eatables Limited
Market Capitalisation: INR 3,927 crores
About the company: Tasty Bite Eatables is an Indian-based company that supplies over 30 prepared food products in 4 categories. They provide various types of snacks and ready-to-serve foods. Tasty bites serve various ethnic foods as ready-to-serve such as rice, pulao, biryani, noodles, and a range of other Asian foods. The company was founded in 1995.
Tasty Bites’ share is among the most expensive shares in India that have recorded over 226% growth over the past 5 years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 15,637
Share Price on National Stock Exchange: INR 15,657
9. The Yamuna Syndicate
Market Capitalisation: INR 461 crores
About the company: The Yamuna Syndicate is an Indian-based company that is engaged in manufacturing products related to the auto sector, agriculture products, as well as industrial and consumer electricals.
Other products include batteries, lubricants for automobiles, agrochemicals, and generators. The company was founded in 1954, Yamunanagar, India. The Yamuna Syndicate has shown some spectacular growth over the five years. With net growth of 630%, it is among the most expensive shares in India.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 15,595
Share Price on National Stock Exchange: Not listed
10. Bosch
Market Capitalisation: INR 44,088 crores.
About the company: Bosch is a German and engineering company that manufactures and supplies automotive parts, security systems, home accessories, engineering, electronics, cloud computing, and other “Internet of things”.
Bosch was founded in 1886. In India, Bosch started its first subsidiary in 1951.
Though the shares are among the most expensive shares in India. However, they are showing a downtrend. The net growth is negative around 33% in the last five years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 15,078
Share Price on National Stock Exchange: INR 15,076
11. P & G Hygiene And Healthcare
Market Capitalisation: INR 45,161 crores
About the company: Proctor and Gamble is an American company. It manufactures a wide range of consumer goods such as baby care products, health care, laundry products, feminine care, and more. It is a well-known name among households.
P&G owns many popular labels such as whisper, pamper, tide, aerial, head & shoulder, pentene, Gillette, Vicks, and many other brand names.
In India, P&G started its operation in 1964.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 13,807
Share Price on National Stock Exchange: INR 13,812
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12. Bajaj Finserv
Market Capitalisation: INR 1,95,923 crores
About the company: Bajaj Finserv is an Indian-based financial services provider. It provides financial services such as home loans, personal loans, business loans, wealth management, and insurance.
The company also produces renewable energy, electricity from wind turbines. It was founded in 2007. Bajaj Finserv is one of the most expensive shares in India. It is part of Bajaj Finance.
From July 2016, its share value has jumped almost 500% in the last five years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 12,488
Share Price on National Stock Exchange: INR 12,486
13. Maruti Suzuki
Market Capitalisation: INR 2,37,389 crores
About the company: Formerly known as Maruti Udyog Limited, Maruti Suzuki is an Indian automotive industry. It is a subsidiary of Japanese automobile manufacturer, Suzuki Corporation. It was founded by the Government of India.
It was founded in 1981. In 2003, the company was sold to Suzuki Motor Corporation. Maruti Suzuki owns almost 50% market share in the Indian passenger car industry. It is one of the most trusted brands in the automotive industry. Maruti Suzuki’s shares are among the most expensive shares in India.
The company manufactures automobiles, commercial vehicles, trucks, and SUVs. Its share value has jumped almost 83% in the last five years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 7,643
Share Price on National Stock Exchange: INR 7,649
14. SRF Limited
Market Capitalisation: INR 41,094 crores
About the company: SRF Limited is an Indian-based chemical company. The company is engaged in technical textiles, polymers, and laminated fabrics. The company was founded in 1970. SRF Limited is a subsidiary of Kama Holdings Limited.
The company also provides many educational and vocational services in the country. It is the leading manufacturer of nylon tire cord fabric for bicycles and heavy-duty vehicles. The company runs eight manufacturing plants in the country. Its share value has jumped almost 435% in the last five years.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 7,044
Share Price on National Stock Exchange: INR 7,046
15. Ultratech Cement Limited
Market Capitalisation: INR 2,00,826 crores
About the company: Ultratech Cement Limited is an Indian-based building material manufacturer. The company is engaged in the production of cement, and other building material products and services. It is a subsidiary of Aditya Birla Group.
It has a production capacity of 116.75 million tonnes per annum. Ultratech Cement is the only company to have a production capacity of over 100 million tonnes per annum. Ultratech’s shares are among the most expensive shares in India.
Share Price (Values as of June 2021):
Share Price on Bombay Stock Exchange: INR 6,923
Share Price on National Stock Exchange: INR 6,922
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15 Most Expensive Stocks In India – Comparision
| Sr. No. | Company | Market Cap | Share price in BSE(As per June 2021) | Share price in NSE (As per June 2021) | Products and services |
| 1. | MRF | INR 34,343 crores | Rs. 80,515 | Rs. 80,514 | Tires, Toys, Sports equipment, Conveyor belt, Paints, Coats |
| 2. | HoneywellAutomation | INR 35,521 crores | Rs. 39,960 | Rs. 39,896 | Technologies, aerospace, provide software business solutions |
| 3. | Page industries | INR 32,915 crore | Rs. 29,458 | Rs. 29,455 | Undergarments, laungewares, swim wares |
| 4. | Shree cement | INR 1,03,452 crore | Rs. 28,727 | Rs. 28,729 | Portland cement. |
| 5. | 3M India | INR 28,454 crores | Rs. 25,092 | Rs. 25,060 | More than 55,000 products in the Industrial, Safety, and Graphics, Electronics and Energy, Health Care, and Consumer market. |
| 6. | Nestle India | INR 1,69,882 crores | Rs.17,501 | Rs.17,506 | Food, snacks, dairy products, and beverages. |
| 7. | Abbott India | INR 34,843 crores | Rs. 16,488 | Rs. 16,471 | Nutritional products, pharmaceutical products, and medicines. |
| 8. | Tasty bite eatables | INR 3,927 crores | Rs. 156,37 | Rs. 15,657 | Food and snacks |
| 9. | The Yamuna syndicate | INR 461 crores | Rs. 15,595 | Not listed | petrol, diesel, lubricants, grease, batteries, lights, fans, and electronic appliances. |
| 10. | Bosch | INR 44,088 crores | Rs. 15078 | Rs. 15,076 | Electronic appliances. |
| 11. | P & G Hygiene | INR 45,161 crores | INR 13,807 | INR 13,812 | consumer goods such as baby care products, health care, laundry products, feminine care, and more |
| 12. | Bajaj Finserv | INR 1,95,923 crores | INR 12,488 | INR 12,486 | Renewable energy from wind turbines, home loans, personal loans, business loans, wealth management, and insurance. |
| 13. | Maruti Suzuki | INR 2,37,389 crores | INR 7,643 | INR 7,649 | automobiles, commercial vehicles, trucks, and SUVs. |
| 14. | SRF | INR 41,094 crores | INR 7,044 | INR 7,046 | Chemicals, technical textile, polymers, and laminated fabrics |
| 15. | Ultratech Cement | INR 2,00,826 crores | INR 6,923 | INR 6,922 | Cement and other Building material solutions |
Disclaimer: All the figures above are for June 2021. As we know the market is very dynamic, so this data may vary.
Investors may focus more on the value of the share than its price, but it is much smarter to invest in blue-chip(A blue-chip stock is a huge company with a magnificent position.
These are typically large, well-established, and financially sound companies that have operated for many years) than in penny stock ( Penny stocks are those that trade at a very low price, with very low market capitalization, are mostly illiquid form, and are usually listed on a smaller exchange. Penny stocks price in the Indian stock market can be below Rs 15).
Frequently Asked Questions
Why Do Stock Market Prices Fluctuate?
The price may vary because of the demand-supply ratio. If demand for a stock is higher than the supply, the price will rise. Other factors may affect the prices such as company-related factors or industry-related factors.
For example, the share value of pharma companies increases manifold during COVID-19.
Why Are Some Shares Highly-priced?
The simple answer is that the splitting of shares determines the value of a share. For example, If a company has issued only 100 shares, automatically the shares will be highly-priced. And if the company issues 1000 shares, the price of each share will be comparatively low.
What Are Blue-chip Companies?
Blue-chip companies are the companies that are highly trustworthy, reputed, and with a high market cap. GAIL (India), Infosys, State Bank of India (SBI), Bharti Airtel, Tata Consultancy Services (TCS), Coal India, ITC, Reliance Industries, HDFC Bank, ONGC, Sun Pharma, and ICICI Bank are few dominating blue-chip Indian Companies.
What Is Nifty 50?
Nifty 50 is a group of top 50 large-cap companies listed on the National Stock Exchange of India.
Is It Worth It To Invest In Penny Stocks?
These are tricky ones. Penny stocks are easy to manipulate as these companies have low market caps. Any long-term investor should avoid buying penny stocks.
