The majority of shares in India are traded on the Indian stock exchanges at a price of less than Rs 1,000 per share and there are over 5000 companies listed on the Indian stock exchanges that have a share price of less than Rs 500 per share. However, there are a few stocks that trade at a price that is many times thousands of rupees.

However, the share price of a company has nothing to do with the valuation of the company and even a company with a share price of Rs 2,000 may be undervalued compared to its peers and a company with a share price of Rs 100 may be overvalued. Be that as it may, for the small retail investor, it might be a little difficult to get into such stocks that are trading at a very high share price.


In this article, we will be looking into the 10 Most Expensive Stocks in India, i.e the companies with the highest share price in India based on the current trading share price of the stock.

Top 10 Most Expensive Stocks In India

1. MRF Ltd.

  • Market Value: Rs 31,658 Crore
  • Revenue: Rs 16,373.13 Crore
  • Total Profit: Rs 1,277.06 Crore
  • Total Assets: Rs 22,259.58 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol:MRF

Madras Rubber Factory (MRF) is an Indian Multinational tire manufacturer and the largest manufacturer of tires in India, also the sixth-largest manufacturer in the world. It is headquartered in Chennai, Tamil Nadu, India. The company manufactures rubber products such as tires, treads, tubes and conveyor belts, paints, and toys. MRF also operates MRF Pace Foundation, Chennai, and MRF Challenge in motorsports.

Previously, MRF hit an all-time 52 weeks high of Rs 98,599.95

Stock Price: Rs 73,608.90

2. Honeywell Automation India Ltd.

  • Market Value: Rs 34,961 Crore
  • Revenue: Rs 3,126.75 Crore
  • Total Profit: Rs 460.04 Crore
  • Total Assets: Rs 3,897.67 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: HONAUT

Honeywell Automation provides software business solutions to other companies.

For example, it helps in making aircraft more fuel-efficient and less time-consuming. Apart from aircraft, Honeywell helps manufacturing plants, buildings, workers, and supply chains become smarter and sustainable through the process solutions it provides.

The company was set up in 1987 as a joint venture between Tata Group and Honeywell’s parent company in the U.S. and was earlier called Tata Honeywell. In 2004, this joint venture ended.

Previously, Honeywell Automation hit an all-time 52 weeks high of Rs 49,990.00

Stock Price: Rs 39,729.95

3. Page Industries Ltd.

  • Market Value: Rs 44,014 Crore
  • Revenue: Rs 2,852.43 Crore
  • Total Profit: Rs 340.57 Crore
  • Total Assets: Rs 1,697.63 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: PAGEIND

Page Industries is an Indian manufacturer and retailer of innerwear, loungewear, and socks. It is the exclusive licensee of Jockey International in India, Sri Lanka, Nepal, Bangladesh, United Arab Emirates, Oman, and Qatar. In 2011, it licensed Speedo swimwear from Pentland Group for India and Sri Lanka.

The company was founded in 1994 by Sunder Genomal and his brothers Nari and Ramesh, who together hold a 54% stake. It is headquartered in Bangalore, where it also has a manufacturing facility, in addition to locations in Hassan, Mysore, Tiptur, Gauribidanur, and Tiruppur.

Previously, Page Industries hit an all-time 52 weeks high of Rs 33,989.00

Stock Price: Rs 39,992

4. Shree Cement

  • Market Value: Rs 95,258 Crore
  • Revenue: Rs 13,942.66 Crore
  • Total Profit: Rs 2,285.87 Crore
  • Total Assets: Rs 20,253.27 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: SHREECEM

Shree Cement is an Indian cement manufacturer established in Beawar, Rajasthan in 1979. Today, the company is headquartered in Kolkata and is one of the largest cement manufacturers in Northern India. It also produces and sells electricity under the names Shree Power (Captive Power Plant) and Shree Mega Power (Independent Power Plant).

Previously, Shree Cement hit an all-time 52 weeks high of Rs 32,048.00

Stock Price: Rs 26,406.45

5. 3M India Ltd.

  • Market Value: Rs 28,529 Crore
  • Revenue: Rs 2,629.57 Crore
  • Total Profit: Rs 162.39 Crore
  • Total Assets: Rs 2,891.02 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: 3MINDIA

3M India has established in India in 1987. The business is extremely diversified across many categories. A few brands of 3M that you may be familiar with are Scotch Brite, Scotch Tapes, Post Its, Scotchgard adhesives, and others.

These are the core brands that the brand houses, apart from many other industries that it covers, namely: adhesives, paint protection films, window films, signage, dental products, surgical solutions, etc. 3M India’s product range is the best example of what a diversified company means.

Previously, 3M India hit an all-time 52 week high of Rs 31,000

Stock Price: Rs 25,257.65

6. Nestle India Ltd.

  • Market Value: Rs 1,85,918 Crore
  • Revenue: Rs 13,495.88 Crore
  • Total Profit: Rs 2,082.43 Crore
  • Total Assets: Rs 7,879.81 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: NESTLEIND

Nestlé India Limited is the Indian subsidiary of Nestlé, a Swiss multinational company. The company is headquartered in Gurgaon, Haryana. The company’s products include food, beverages, chocolate, and confectionery.

The company was founded on March 28, 1959, and was promoted by Nestle Alimentana S.A. through a subsidiary, Nestle Holdings Ltd. As of 2020, the parent company Nestlé owns 62.76% of Nestlé India. The company has 9 manufacturing facilities at various locations across India.

Previously, Nestle India hit an all-time 52 week high of Rs 20,325

Stock Price: Rs 19,270.25

7. Abbott India Ltd.

  • Market Value: Rs 40,089 Crore
  • Revenue: Rs 4,390.92 Crore
  • Total Profit: Rs 690.69 Crore
  • Total Assets: Rs 3,822.64 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: ABBOTINDIA

Since 1910, Abbott has been dedicated to helping the people of India live healthier lives through a diverse range of science-based nutrition products, diagnostic tools, branded generic pharmaceuticals, and diabetes and vascular devices.

Previously, Abbott India hit an all-time 52 weeks high of Rs 19,994.70

Stock Price: Rs 18,660.20

8. Bajaj Finserv

  • Market Value: Rs 2,80,022 Crore
  • Revenue: Rs 60,591.57 Crore
  • Total Profit: Rs 4,470.46 Crore
  • Total Assets: Rs 2,79,844.71 Crore
  • Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: BAJAJFINSV

Bajaj Finserv Limited, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management and insurance.

The company employs over 20,154 people across 1,409 locations and operates in consumer finance, life insurance and general insurance. Apart from financial services, Bajaj Finserv is also engaged in wind power generation with an installed capacity of 65.2 MW. Bajaj Finserv was ranked #119 under The Economic Times 500 in 2014.

Previously, Bajaj Finserv hit an all-time 52 week high of Rs 18,658.15

Stock Price: Rs 17,711.10

9. Bosch Ltd.

  • Market Value: Rs 49,204 Crore
  • Revenue: Rs 10,192.10 Crore
  • Total Profit: Rs 482 Crore
  • Total Assets: Rs 14,537.10 Crore
  • Listed Stock Exchange: NSE & BSE
  • Ticker Symbol: BOSCHLTD

Bosch Ltd is a large-cap company and India’s largest manufacturer of auto parts. The company is a part of the Robert Bosch group and is headquartered in Germany. Bosch’s activities can be categorized as automotive technology – diesel and gasoline injection systems, automotive multimedia systems, automotive electrics and accessories, engines, and starters.

Previously, Bosch hit an all-time 52 week high of Rs 18,892.25

Stock Price: Rs 16,800.85

10. Procter & Gamble Hygiene and Health Care Ltd.

  • Market Value: Rs 49,107 Crore
  • Revenue: Rs 3,613.52 Crore
  • Total Profit: Rs 652.79 Crore
  • Total Assets: Rs 1,632.71 Crore
  • Listed Stock Exchange: NSE & BSE
  • Ticker Symbol: PGHH

Procter & Gamble Company (P&G) is an American multinational consumer products company headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal care and hygiene products; these products are divided into several segments, including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. Prior to the sale of Pringles to Kellogg’s, the product portfolio also included food, snacks, and beverages. P&G is incorporated in Ohio

Previously, Procter & Gamble Hygiene and Health Care Ltd. hit an all-time 52 weeks high of Rs 15,272.40

Stock Price: Rs 15,115.55

Updated As On 10th December 2021 Closing Price. Current data may vary.

Also, Read Top 10 FMCG Companies in India 2021.

Math Behind The Most Expensive Stocks in India

Have you ever wondered how a stock reaches prices like Rs 50,000 per share and above in the first place? If you look at the basics, the price of a single share is derived by dividing the market capitalization of the company by the number of outstanding shares a company wants to issue.

Suppose a company’s total market capitalization is Rs 10,000 and it has 100 shares issued

Share price= Rs 100 per share

But if it decides to issue only 10 shares then.

Share price= Rs 1,000 per share

Neither does Rs 100 per share mean it is undervalued nor does Rs 1,000 per share mean it is overvalued.

Ergo, it is a numbers game.

The number of outstanding shares of MRF is 4.24 million and the market capitalization of the company was Rs 32,637.06 crores as of August 27, 2021.

If you divide the market capitalization by the number of outstanding shares, you get the share price.

Share price = market capitalization/number of outstanding shares.

Now let us look at another company that does not fall into the list of expensive stocks.

TCS or Tata Consultancy Services.

TCS is always in a clinch with Reliance Industries Ltd, (RIL) for the position of highest market capitalization in India.

It is all about how many shares a company issues. If the company issues many shares, it probably wants to keep them affordable for the investors. Many companies split their share count after it reaches a certain level.

MRF did not do that and that’s why the price of a single share is very high. Why a company does this is entirely their business strategy.

This just proves that share price is not a good criterion for buying shares. Look at the company, its financials, management, business strategy, and all other fundamental factors before investing in the company.

For some people, expensive stocks are not an affordable purchase, while others may want to stretch their finances. It all depends on your investor profile and also what the company stands for. So always consider investing after a holistic evaluation of the stock.

So, this was the list of most expensive stocks in India, curated based on the share price performance of these companies over the years. This list does not claim to be exhaustive and is in no way a recommendation. Please do independent research and due diligence before investing.


This is Mohanraj Reddy✌️❤️ Creator at Business Mavericks & a Big Dreamer, Wanderlust, Music, & a Trader.

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