As of 27th March 2023, MRF Ltd, or Madras Rubber Factory Ltd, is the most expensive share in India, with a price of ₹83,878.50. When MRF had its IPO in 1990, the share price was ₹ 11, and it crossed the mark of ₹ 98,599.95 per share in 2021.
It’s pretty fascinating how these companies started so humble and have now made it so big that they are the most expensive stocks in India!!
This article attempts to bring out the list of the costliest shares in India. Keep reading to find out for yourself.
Content:
Highest Share Price in India
| SL No. | Stocks | Stock Price (₹) | Market Cap (₹ in Crores) |
| 1 | MRF Ltd | 83,878.50 | 35,574.07 |
| 2 | Page Industries Ltd | 37,115.25 | 41,397.88 |
| 3 | Honeywell Automation India Ltd | 35,775.65 | 31,631.12 |
| 4 | Shree Cement Ltd | 25,511.65 | 92,047.94 |
| 5 | 3M India Ltd | 22,323.05 | 25,147.07 |
| 6 | Abbott India Ltd | 21,128.90 | 44,897.44 |
| 7 | Nestle India Ltd | 18,953.10 | 1,82,737.67 |
| 8 | Bosch Ltd | 18,452.65 | 54,423.58 |
| 9 | Procter & Gamble Hygiene and Health Care Ltd | 13,742.90 | 44,610.46 |
| 10 | Kama Holdings Ltd | 11,875.25 | 7,621.67 |
Most Expensive Stock in India Today
1. MRF LTD (₹83,878.50)
The Madras Rubber Factory Limited (MRF) serves as the umbrella organization for the MRF Group of Companies. Tyre production is one of the many activities that the company is involved in.
The company’s flagship product is tyres, which it produces for passenger cars, two-wheelers, three-wheelers, off-the-road vehicles (OTR), trucks, farm tractors, light commercial vehicles (LCV), light pickup vehicles (SCV), medium commercial vehicles (MCV), and intermediate commercial vehicles (ICV).
In addition to that, it produces retreads, paints and coats, and sporting items. It also produces children’s puzzles, games, and toys under the brand name Funskool, which is owned by the company.
In FY21, the firm had a market share of 29%, making it the largest company in the Indian tyre sector. Additionally, it was ranked No. 6 on the list of the top 10 strongest brands in the country.
The current market price of the stock is ₹83,878.50. It has hit an all-time high of ₹98,599.95 and an all-time low of ₹401.00.
2. Page Industries Ltd (₹37,115.25)
You must have heard about JOCKEY, the USA’s premium innerwear and swimwear brand. Page Industries are the license holders for manufacturing and marketing JOCKEY products in India, Nepal, Bangladesh, UAE, and Sri Lanka. They are also the license holder of Speedo International for manufacturing and marketing their products in India. Their growth and premium service bring their share prices into the top 10 highest share prices in India.
The current market price of the stock is ₹37,115.25. It has hit an all-time high of ₹54,026.55 and an all-time low of ₹240.00.
3. Honeywell Automation India Ltd (₹35,775.65)
Also known as HAIL, it started as a joint venture between Tata Group and Honeywell in 1987. Later HAIL became independent after buying all the stakes from Tata In 2004. Their operations include refining oil and gas, paper and printing, power generation and transmission, electronics hardware, fire detection systems, and software development & programming.
With over 120000 employees in over 100 different countries, they are one of the costliest shares in India.
The current market price of the stock is ₹35,775.65. It has hit an all-time high of ₹49,990.00 and an all-time low of ₹90.00.
4. Shree Cement Ltd (₹25,511.65)
If you are a Cricket enthusiast and watch IPL, you must be aware of Shree Cements (proud owners of CSK). They are one of the leading cement manufacturers in India, with manufacturing units in six states. With a market capitalization of above ₹ 1 Trillion, it is also among the most expensive shares in India.
The current market price of the stock is ₹25,511.65. It has hit an all-time high of ₹32,048.00 and an all-time low of ₹19.88.
5. 3M India Ltd (₹22,323.05)
Incorporated in 1987 as Birla 3M Ltd, it is a life science application company that deals in a wide range of products ranging from automotive, commercial solutions, health care, electronics, transportation, etc. They are among the top 10 highest share prices in India.
The current market price of the stock is ₹22,323.05. It has hit an all-time high of ₹31,000.00 and an all-time low of ₹223.25.
6. Abbott India Ltd (₹21,128.90)
Abbott India Ltd. is one of the most successful international pharmaceutical businesses operating in India. The company relies on independent distributors to distribute its goods almost exclusively within the country of India. In 1944, it was first founded.
Abbott Laboratories owns and operates this business subsidiary. The organization has a history that dates back more than 130 years and has a presence in more than 160 nations across the globe. Their share price is one of the most expensive stocks in India.
The current market price of the stock is ₹21,128.90. It has hit an all-time high of ₹23,934.45 and an all-time low of ₹219.48.
7. Nestle India Ltd (₹18,953.10)
Nestle India Limited is a wholly-owned subsidiary of Nestle, which is a multinational corporation based in Switzerland. The Food market is the one that the company operates in.
Nestle India is a wholly owned subsidiary of Nestle SA, which is the largest food company in the world measured by revenue and is headquartered in Switzerland. Nestle SA maintains a 62% share in Nestle India. In 1912, when it was still known as The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited, NESTLE started doing business in India.
At that time, the company was engaged in the business of importing and selling completed products in the Indian market. The company’s footprint in India continued to grow throughout the course of time.
The company has a well-established presence in the market for the vast majority of the product categories in which it operates. With a wide variety of items sold under the Maggi name, the company was an industry leader when it came to the culinary sector.
The majority of the firm’s product categories, including milk products and nutrition, drinks, prepared dishes and culinary aids, chocolate and confectionery, and more, all include the company as one of the top two competitors.
The current market price of the stock is ₹18,953.10. It has hit an all-time high of ₹20,609.15 and an all-time low of ₹2,295.00.
8. Bosch Ltd (₹18,452.65)
The automotive technology, industrial technology, consumer products market, and the energy and building technology markets are all represented by Bosch Ltd. Items such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems, and industrial and consumer energy things and solutions are some of the products that are manufactured and traded by this company. It is one of the most expensive shares in India.
The current market price of the stock is ₹18,452.65. It has hit an all-time high of ₹27,990.00 and an all-time low of ₹157.00.
9. Procter & Gamble Hygiene and Health Care Ltd (₹13,742.90)
P&G Hygiene and Health Care are among the top 10 FMCG companies in India. There’s a good chance you might be using their product right now. P&G’s growth can be accounted for by the rate at which this company is growing. Their share price is so high that it is one of the top 10 highest share prices in the world.
The current market price of the stock is ₹13,742.90. It has hit an all-time high of ₹16,448.70 and an all-time low of ₹226.02.
10. Kama Holdings Ltd (₹11,875.25)
Shri Educare Limited is one of Kama Holdings’ three wholly owned subsidiaries, and it has business interests in the areas of education, real estate, and investments. This holding company is controlled by the Arun Bharat Ram family. KAMA Realty (Delhi) Limited is our company. SRF Transnational Holdings Limited is the company that manages these holdings.
The current market price of the stock is ₹11,875.25. It has hit an all-time high of ₹14,600.00 and an all-time low of ₹99.80
Looking for the Best Stocks in a different price range? Check out the following articles:
Most Expensive Share in the World
Now that we have a list of companies with the highest share prices in India, let’s also know about the costliest shares in the world.
Berkshire Hathaway Inc. (BRK-A) is the most expensive share in the world. This company is not new to any stock market enthusiast, but for those who don’t know, it is an American multinational company majorly owned by Warren Buffett. The company was founded in 1839 and continues its legacy of 182 years; they are the most expensive share in the world at ₹ 3,34,19,695.66, and even Mukesh Ambani holds stakes in this Company.
You will not be kept hanging with just one name; we have a similar list, just like you saw above, for the most expensive shares in the world.
Keep reading and find it yourself.
| Sl No. | Stock Name | Stock Price (₹) |
| 1 | Berkshire Hathaway Inc. (BRK-A) | 3,34,19,695.66 |
| 2 | Chocoladefabriken Lindt & Spruengli AG | 79,04,863.23 |
| 3 | NVR Inc. | 3,50,246.27 |
| 4 | Seaboard Corporation | 2,85,623.55 |
| 5 | Autozone Inc | 1,78,947.38 |
| 6 | Texas Pacific Land Corp | 1,63,093.16 |
| 7 | .Booking Holdings Inc. | 1,38,709.73 |
| 8 | Chipotle Mexican Grill, Inc. | 1,21,719.61 |
| 9 | Mettler-Toledo International Inc. | 95,226.51 |
| 10 | Markel Corporation (MKL) | 94,814.12 |
Quick Summary
Although investing in these companies may attract huge investments for fewer shares, if we consider their growth in the past, they have grown at a significant rate.
But the stock market is unpredictable, and things might turn anyway. So take calculative steps and always do extensive research before investing, also make sure you understand the risks involved.
You can take help from our other Alice Blue blogs to educate yourself.
Now that you know about the most expensive shares and the returns they give, why don’t you give them a shot?
Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQ
1. Costliest Stock in India
As of 27th March 2023, MRF Ltd or Madras Rubber Factory Ltd is the most expensive share in India with a price of ₹83,878.50. When MRF had its IPO in 1990, the share price was ₹ 11, and it crossed the mark of ₹ 98,599.95 per share in 2021.
2. Can I buy 1 share of MRF?
Yes, you may buy 1 share of MRF. The current price of MRF is ₹83,878.50.
3. Is MRF a good buy?
Formerly known as Madras Rubber Factory, the company currently goes by the name MRF and has a market capitalization of ₹35,574.07 crores. MRF has provided strong returns to its long-term investors. It has generated a return of 600% over a period of 20 years and 590% over a period of 10 years.
MRF is anticipated by a number of industry specialists to continue to exhibit expansion in the years to come. However, before you invest any money into it, you should be sure to conduct a thorough analysis on your own.
