Imagine a stock that started at just a few hundred rupees years ago is now priced at over ₹1 lakh per share! That’s the kind of staggering growth you see with the most expensive shares in India. These high-value stocks grab the attention of investors for their incredible growth potential and stability. But what exactly drives such high prices, and why do these shares continue to skyrocket over time?
In this blog, we’ll explore the most expensive shares in India for 2024, delving into their history, core business operations, and future prospects. Whether you’re a seasoned investor or just curious about the stock market, this guide will give you insights into what makes these stocks so valuable and why they remain a strong draw for long-term investment.
When we talk about the most expensive shares in India, it’s not just about a high number on the stock ticker. A high share price often signals a company’s strong financial health, market dominance, and investor confidence. But does an expensive share mean it’s the best investment? Not necessarily. The price of a stock is influenced by several factors, like profitability, demand, and the company’s potential for future growth.
It’s also important to understand that high share prices don’t always reflect a company’s overall value. For example, a company with a smaller number of shares available can have a much higher price per share compared to larger companies with more shares in circulation. This is why looking beyond the price and evaluating a company’s fundamentals is crucial when considering these high-priced stocks.
India’s stock market is home to some of the most expensive share prices in India, held by companies that have shown remarkable growth and market dominance. Here's a detailed table of the top 15 most expensive shares in 2024, including their sub-sector, market capitalisation, current market price (CMP), and 3-year return performance.
| Company | Market Cap (₹ Cr.) | CMP (₹) | 3yr Return |
|---|---|---|---|
| 1. MRF Ltd. | 58257.60 | ₹137400.00 | 70.41% |
| 2. Yamuna Syndicate | 1621.32 | ₹52749.00 | 185.13% |
| 3. Honeywell Auto | 45304.25 | ₹51249.15 | 15.38% |
| 4. Page Industries | 48601.74 | ₹43589.00 | 32.79% |
| 5. 3M India | 40031.21 | ₹35520.15 | 40.71% |
| 6. Bosch | 101274.23 | ₹34337.65 | 131.81% |
| 7. Bombay Oxygen | 514.35 | ₹34290.00 | 172.08% |
| 8. Abbott India | 63345.30 | ₹29809.55 | 37.19% |
| 9. Shree Cement | 93388.16 | ₹25883.10 | -16.90% |
| 10. Saraswati Commer | 2136.30 | ₹20742.15 | 980.2% |
| 11. Disa India | 2616.35 | ₹17991.65 | 214.09% |
| 12. ZF Commercial | 32623.43 | ₹17206.45 | 137.94% |
| 13. P & G Hygiene | 54056.38 | ₹16652.85 | 19.31% |
| 14. Lak. Mach. Works | 17492.99 | ₹16374.60 | 100.51% |
| 15. Polson | 188.82 | ₹15735.00 | -3.86% |
When it comes to the most expensive share price in India, these companies are not just leading the pack in terms of stock price but also in their respective industries. Below, we’ll take a closer look at each company, its history, core business, and future outlook.
MRF Ltd. holds the title of the most expensive stock in India, with a current market price soaring above ₹1 lakh per share. Founded in 1946, MRF initially started as a small toy balloon manufacturer but made its pivot into tyre manufacturing by 1952.
Today, MRF is India’s largest tyre manufacturer and a global leader in the sector, supplying tyres for cars, trucks, motorcycles, and even aviation.
One of the primary reasons for MRF’s high stock price is its decision not to split shares, keeping the stock rare and, therefore in high demand. This strategy and strong financial results have made it a favourite among investors.
Yamuna Syndicate is a diversified holding company that operates across various industries, including automotive parts, petroleum products, and agricultural machinery. The company’s stock price has surged in recent years, making it India's second most expensive stock.
The company’s future strategy revolves around expanding its footprint in the energy and automotive sectors and exploring new opportunities in renewable energy. Investors see Yamuna Syndicate as a high-value, long-term investment due to its diversified business operations and consistent profitability.
Honeywell Automation India Ltd. is a leader in the field of industrial automation and control systems, serving a wide range of industries, including manufacturing, aerospace, and energy. Honeywell Automation’s stock has earned the position of the third most expensive stock in India thanks to its commitment to innovation and its role in driving digital transformation across Indian industries.
The company's focus on research and development ensures that it stays ahead of competitors. Looking ahead, Honeywell is poised to expand further into cybersecurity and smart city solutions, which are expected to drive future growth.
Page Industries, the exclusive licensee of Jockey International in India, has established itself as a dominant player in the apparel and innerwear markets. Founded in 1994, Page Industries has consistently grown its brand by focusing on high-quality products, catering to both the domestic and international markets. The company’s stock is one of the most expensive in India due to its strong financial performance, premium brand positioning, and wide customer base.
Page Industries continuously innovates with new product lines and expands its market presence in countries like Sri Lanka, Nepal, and Bangladesh.
3M India, a subsidiary of the American conglomerate 3M, operates across multiple sectors, including healthcare, industrial products, and consumer goods. Founded in 1988, 3M India has gained a reputation for providing innovative solutions that address everyday needs in areas like safety, energy, and healthcare.
The company’s stock price has remained high due to its diversified product portfolio and its commitment to research and development. The company’s ability to adapt to evolving market trends makes it a reliable choice for long-term investors.
Bosch Ltd. is a leading automotive technology and engineering company in India, known for its innovations in mobility solutions. The company has been operational in India since 1951 and is part of the global Bosch Group. Bosch’s offerings range from automotive components to industrial technology, making it a key player in both sectors.
Bosch’s high stock price can be attributed to its strong market presence in the automotive industry and its focus on future technologies like electric mobility and automation.
Bombay Oxygen Investments Ltd. started as a manufacturer of industrial gases but has now transformed into an investment company. Initially established in 1960, the company was known for supplying oxygen and other gases to various industries. However, in recent years, Bombay Oxygen has shifted its focus to investments and has since rebranded itself as a non-banking financial company (NBFC).
Abbott India, a subsidiary of the global healthcare company Abbott, has been serving the Indian market for over 100 years. The company provides pharmaceutical products and nutritional supplements that cater to various health needs, including cardiovascular care, diabetes management, and nutrition.
Abbott India’s stock has consistently performed well due to its strong market presence and product innovation. The company is focused on expanding its reach in rural markets and launching new products in emerging therapeutic areas.
Shree Cement is one of India’s leading cement producers, with a strong focus on eco-friendly manufacturing processes and operational efficiency. Founded in 1979, the company has grown its market share through strategic capacity expansions and by adopting innovative, sustainable practices.
The company is also focusing on renewable energy initiatives to reduce its carbon footprint, a move that aligns with global sustainability trends and strengthens its market position.
Saraswati Commercial is primarily involved in finance and investment activities. Established in 1983, the company has evolved into a key player in managing a diversified portfolio that includes investments in both equity and debt markets. Over the years, Saraswati Commercial has gained attention from investors for its strategic, long-term approach to wealth creation.
With plans to venture further into asset management and wealth advisory, the company aims to capture a larger share of India's growing financial services market.
Disa India is a key player in the industrial machinery and equipment sector. Founded in 1984, the company specializes in manufacturing high-performance machinery for the foundry and surface preparation industries.
The company’s stock price reflects its strong financial performance and the increasing demand for industrial equipment in India, particularly in sectors like automotive, aerospace, and heavy engineering. Looking ahead, Disa India plans to invest in new technologies such as automation and digitalization to improve operational efficiency and meet the evolving needs of its customers.
ZF Commercial Vehicle Control Systems (formerly WABCO India) is a leading manufacturer of braking systems and other safety components for commercial vehicles. With a legacy dating back to 1962, ZF has been instrumental in enhancing vehicle safety and performance through its cutting-edge products and solutions.
The stock price of ZF Commercial has remained high due to its dominance in the Indian commercial vehicle market and its commitment to innovation. The company continues to invest heavily in developing smart safety systems for electric and autonomous vehicles, which are expected to shape the future of the automotive industry.
Procter & Gamble Hygiene (P&G Hygiene) is one of India's top players in the personal care and hygiene sector. The company started operations in India in 1964 and has grown to dominate the market with iconic brands like Whisper and Vicks.
The company’s stock price has been driven by its strong market presence, widespread distribution network, and continuous innovation in personal hygiene products.
Lakshmi Machine Works (LMW) is a leading player in the textile machinery manufacturing sector. Established in 1962, LMW has a long history of providing world-class textile machinery solutions to the Indian and global markets.
LMW’s stock price reflects its dominance in the textile machinery sector and its focus on innovation. The company is now exploring opportunities in automation and digital solutions to cater to the evolving needs of the textile industry.
Polson Ltd., founded in 1906, is one of India's oldest chemical manufacturing companies. The company produces tannins and other chemical products primarily used in the leather and pharmaceutical industries. Despite being a micro-cap company, Polson has maintained a high stock price due to its niche market dominance and consistent financial performance.
Polson’s future growth is expected to come from expanding its product line into other chemical sectors, such as speciality chemicals and eco-friendly solutions. The company is also exploring international markets, which will help drive revenue growth.
Each of the most expensive shares in India represents a company with a rich history of growth, innovation, and industry leadership. From MRF’s dominant position as the most expensive stock to companies like Page Industries and Shree Cement driving high value in their respective sectors, these stocks reflect more than just high prices—they represent long-term value and potential for continued growth.
The most expensive shares in India reach their high price points for several compelling reasons. These factors are not just limited to the size of the company but are a reflection of the company’s financial health, market dominance, and investor demand.
Investing in the most expensive shares in India can be a tempting option, but it’s essential to consider the pros and cons.
Before jumping into buying the most expensive shares in India, here are key factors to consider:
The most expensive shares in India aren’t just for high-net-worth individuals. Thanks to platforms offering fractional shares or SIPs (Systematic Investment Plans), even retail investors can buy into these high-value companies.
Investing in high-priced stocks is no longer limited to the wealthy, but it’s still important for all investors, regardless of size, to carefully evaluate their investment goals and risk tolerance before diving in.
Companies like MRF don’t split their shares because high stock prices can create a sense of exclusivity and stability, signalling to the market that they are premium, well-established firms. In addition:
By not splitting their shares, these companies maintain their elite status in the market, which can continue attracting long-term investors who prioritise stability over accessibility.
The most expensive shares in India reflect more than just high stock prices—they symbolise strong financials, market leadership, and long-term growth. Among these, MRF Ltd. stands out as the highest-priced stock in India, a position it has maintained through careful management and a focus on quality. Whether it’s MRF, Page Industries, or Shree Cement, these companies have consistently delivered value to their shareholders.
However, evaluating your risk appetite and portfolio diversification is essential before jumping in. In summary, the most expensive shares in India are not just expensive—they’re also reliable growth engines for patient investors.
MRF Ltd. is the most expensive share in India, with a stock price exceeding ₹1,37,400 per share. Known for its leadership in the tyre manufacturing industry, MRF's high share price is driven by strong financial performance and a strategic decision to avoid stock splits.
MRF’s share price is high due to its strong financial health, consistent growth, and the company’s decision not to split its stock. By limiting the number of available shares, MRF increases demand and maintains its high stock value.
While high-priced stocks like MRF and Page Industries tend to offer stability and consistent returns, they are not guaranteed to provide better returns than lower-priced stocks. The key is to evaluate the company's financials and growth potential before investing.
Many companies, like MRF, avoid stock splits to maintain a sense of exclusivity and attract institutional investors. Keeping the stock price high signals market stability and financial strength, which can enhance investor confidence.
As of 2024, the top 5 most expensive shares in India include:
1. MRF Ltd.
2. Yamuna Syndicate
3. Honeywell Automation
4. Page Industries
5. 3M India
These companies are leaders in their respective industries, with strong financials and high market demand driving their stock prices.
Investing in high-priced shares doesn’t automatically guarantee better returns. The decision should be based on the company’s fundamentals, growth potential, and investment strategy. High-priced shares like MRF and Honeywell Automation are typically considered stable, but every investor’s goals differ.
The automobile, industrial automation, and FMCG sectors currently have some of the most expensive shares in India. Companies like MRF (tyres), Honeywell Automation (industrial automation), and Page Industries (apparel) are all leaders in their respective sectors, which drives their share prices higher.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Always conduct your research and consider consulting with a financial advisor before making any investment decisions.
