India’s High-Value Investments| Top 10 Most Expensive Shares in India 2024

Did you know that the most expensive share in India costs more than ₹1.2 lakh per share? And that it belongs to a company that started as a tyre manufacturer in 1946? Not only this, but there are multiple others that outshine the list of the top 10 most expensive shares in India 2024. 

Curious to explore the companies with the highest share price in India? 

Let us begin. 

Why do People Prefer to Invest in the Most Expensive Shares in India?

Indians prefer to invest in the most expensive shares for several reasons:

1. Expensive shares are often associated with well-established and reputed companies.
2. Owning expensive shares is also seen as a status symbol.
3. These shares are typically from companies with a history of steady growth. 
4. Many traders and investors consider these expensive stocks as good long-term investments.
5. High-value shares often belong to companies that regularly pay dividends. 

Thus ensuring an additional income stream for investors.

Stock Name	Valuation (₹)	No of Trades
MRF	126100	9079
HONAUT	52666.65	2769
PAGEIND	37550	18765
3MINDIA	34000.85	9185
BOSCHLTD	31099.9	99761
ABBOTINDIA	26000.05	7102
SHREECEM	25227.3	21010
ZFCVINDIA	15942.7	10096
PGHH	15775	3471
LAXMIMACH	15600	5545

Most Expensive Share in India| An Overview

Now that we have the latest list of the most expensive shares in India for 2024, let’s find out which one tops the chart as the costliest share in India.

#1 MRF- Costliest Share in India

MRF, also known as Madras Rubber Factory, is a multinational tyre manufacturing company. It is the largest manufacturer of tyres in India. 

Do you know?

The name ‘MRF’ originates from its early days when it was known as Madras Rubber Factory.

Established in 1946 and headquartered in Chennai, Tamil Nadu, MRF has a significant global presence. 

MRF is highly regarded for its superior quality tyres across a wide range of vehicles. This includes passenger cars, commercial vehicles, motorcycles, and off-road vehicles. 

Why Should You Consider This Most Expensive Share in India?

1. MRF’s continuous focus on innovation keeps it ahead in the industry.
2. MRF stock is currently ranked as the costliest share in India. Its high valuation reflects the confidence investors have in its strong market position.

#2nd Highest Share Price in India- HONAUT

Nestled in the heart of Pune, Maharashtra, there’s a company quietly shaping the future of automation. 

Established in 1984, Honeywell Automation India Limited (HAIL), based in Pune, Maharashtra, is a leader in integrated automation and control systems.

It offers software solutions for both processes and buildings. 

Have you been on the lookout for some of the top stocks in the automation sector? 

For starters, it’s not just any company – it’s a prominent player with a market valuation exceeding $350 million. 

HONAUT lists on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 

Their wide range of products, from environmental controls to sensing systems, showcases their versatility and expertise. 

Plus, their engineering services are sought after globally.

#3rd Highest Share Price in India- PAGEIND

Do you know the company that brought Jockey Innerwear to India?

With the exclusive licensee of Jockey International Inc. (USA), PAGE Industries is famous for bringing high-quality innerwear to India. Page Industries holds the exclusive rights to manufacture, distribute, and market Jockey products in India, Sri Lanka, Bangladesh, Nepal, and the UAE.

Page Industries Limited, or Page Industries, is a well-known Indian company based in Bangalore. It focuses on making and selling innerwear, loungewear, and socks. 

So, if you’re thinking about investing, think about how many people love Jockey and how much they’re likely to keep buying. 

That’s some serious market potential right there!

#4th Highest Share Price in India- 3MINDIA

3M India Limited is the Indian subsidiary of 3M Company, a multinational conglomerate known for its innovation in various sectors, including industry, healthcare, and consumer goods. 

3M India is recognised for its commitment to research and development, unfailingly introducing innovative products and technologies to address evolving market needs. 

So, if you’re thinking about investing, you’re not just investing in a company. 

You’re investing in a whole culture of innovation that’s constantly shaping the future.

#5th Highest Share Price in India- BOSCHLTD

Ever heard about the tech powerhouse of India?

Bosch Limited, a subsidiary of the renowned Bosch Group headquartered in Germany, stands tall as a global engineering and technology company. 

From Mobility Solutions to Industrial Technology, Consumer Goods to Energy and Building Technology, Bosch covers it all. 

And guess what? 

They’ve set up the largest development centre in India outside Germany.

Thus paving the way for comprehensive engineering and technology solutions right here on Indian soil.

Investing in Bosch Limited might offer:

• Stability and access to advanced resources as part of the globally renowned Bosch Group.
• Diversification across multiple sectors, reducing risk.
• Benefiting from India’s expanding automotive and manufacturing sectors.

#6th Highest Share Price in India- ABBOTINDIA

Ever wondered how a single company could cater to the diverse healthcare needs of India? 

Curious about the success story behind Abbott India Limited, a prominent pharmaceutical player in the country? 

Abbott India, a subsidiary of the renowned Abbott Laboratories, operates as a powerhouse in manufacturing, marketing, and distributing over 600 healthcare, pharmaceutical, and nutritional products.

Want to Explore this another one of the highest shares in India?

Investment prospects?

You would be investing in a company with a solid reputation and a track record of success.

And let’s not forget that healthcare is always going to be in demand. 

People need these products, no matter what. 

It’s like investing in a stable, growing industry with a company that’s well-positioned to prosper.

#7th Highest Share Price in India- SHREECEM

How did this company manage to become India’s third-largest cement producer? 

Shree Cement is among India’s most eco-friendly and rapidly expanding expensive shares in India.

Founded in Beawar, Rajasthan, it’s now headquartered in Kolkata and ranks as India’s third-largest cement producer. 

So, if you’re thinking about investing, Shree Cement is all about innovation and sustainability.

Started back in ’79, and now they’re one of the big players in India’s cement industry. 

And with India’s economy booming, that’s a smart place to be. 

#8th Highest Share Price in India- ZF CV India

Meet the Engines driving the future of mobility in India- ZF Commercial Vehicle Control Systems India Ltd. 

It is a worldwide company that provides systems for different types of vehicles and industrial applications.

ZFCVIndia is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).

Why should you invest in ZF CV India? 

Because it’s not just about investing in a company; it’s about investing in the future of transportation and continuous innovation. 

#9th Highest Share Price in India- PGHH

Procter & Gamble Hygiene and Health Care Ltd. (PGHH) is a renowned company operating in the personal care and healthcare sector. 

Read the history of Procter & Gamble Hygiene and Health Care Ltd. (PGHH)!

It is a subsidiary of Procter & Gamble, a global consumer goods corporation. 

PGHH is known for its portfolio of products that include personal hygiene and health care items. 

Why should you invest in PGHH? 

With a track record of success and a commitment to delivering products that make a difference in people’s lives.

PGHH aims for continued growth and success in the personal care and healthcare sectors.

#10th Highest Share Price in India- LAXMIMACH

Lakshmi Machine Works Limited (LMW) stands as a prominent name in India’s textile machinery sector.

Since its establishment in 1962, it is renowned for its cutting-edge spinning technology.

LMW is among the top three global producers of the entire range of spinning machinery.

LMW has diversified into CNC machine tools, precision castings, and advanced technology centres, serving industries beyond textiles, including aerospace.

How do I invest in the most expensive stocks in India?

Before stepping in, you must research well about the company. It’s not about the high value of shares but the reliability of the company. You must build a mix of expensive and affordable stocks to boost your returns and lower your costs.

Before investing in the most expensive shares in India, here are some additional things you must know!

Benefits of Investing in the Most Expensive Shares in India

Let’s talk about the advantages of investing in the most expensive shares in India:

• They often belong to well-established companies. That means they’re usually pretty reliable.
• High value share tends to be less risky than cheaper stock because they’re more stable.
• Many of these highest-value shares in India pay dividends. This is an additional benefit.

And let’s not forget about growth potential.

These expensive stocks in India often belong to companies that are growth-oriented.

What are the Challenges of Investing in the Most Expensive Shares in India?

If you make up your mind to invest in the highest share price in India, here are some hurdles you might face:

• You might need a lot of money upfront to buy into these expensive shares, which can be tough if you’re just starting out.
• Some of these expensive shares in India might not be worth all the hype. They could be overvalued.
• The high cost of these shares can be a barrier for many investors looking to start in the Indian market.

However, if you are one of them, you can explore options like mutual funds or ETFs and invest at a lifetime zero brokerage.

Things to Remember Before Investing in the Most Expensive Shares in India

Investing in the most expensive shares can be a solid investment choice.

Here’s what you need to remember:

• First, you must examine the company’s history to decide whether to invest in the highest-value share in India.
• You must determine whether the stock is a good deal by comparing its price to earnings, cash flow, and other values.

This helps you figure out if the costliest share in India is worth the investment.

• Remember, just because a share is expensive doesn’t mean it’s the right choice for you. Make sure it fits your budget and risk-taking capability.

Conclusion

In summary, the stock market hosts some of the most expensive shares in India, led by MRF at a whopping ₹126100 per share. These high-value shares cover various sectors like manufacturing and healthcare. They offer you stability, innovation, and growth potential. 

Whether it’s MRF’s tyre dominance or Abbott India’s healthcare reputation, each offers a unique chance.

To invest in the most costliest share at zero brokerage, open a free demat account and start today!

FAQs | Most Expensive Shares in India

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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.