Most Expensive Share in India: Top 10 High-Priced Stocks for 2024

Did you know that, according to the latest NSE data, the most expensive share in India is priced over ₹1.2 lakh per share?

You will also be amazed to know that this – India’s most expensive share belongs to a company that started as a tyre manufacturer back in 1946.

Several other companies are part of our list of the top 10 most expensive shares in India for 2024. This list details the names of the top 10 highest share prices in India, as per the NSE data shared on Dec 4th, 2024.

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

Read on.

Which is the Most Expensive Share in India?

MRF is the most expensive share in India with a price of ₹ 125432.12 as of Dec 3rd, 2024. MRF, also known as Madras Rubber Factory, is a multinational tyre manufacturing company in India. 

Let us introduce you to the list of 10 Most Expensive Shares Price in India for 2024!

Introduction to the Most Expensive Share in India

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 India’s most expensive share.

#1st India’s Most Expensive Share- MRF

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. 

Should you invest in the most expensive stock in India?

MRF’s continuous focus is on innovation and as of Dec 3rd, 2024, it has a market cap of ₹55,197 Cr. It is indeed worth considering.

#2nd Most Expensive Share 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.

So, if you’re thinking about investing in this highest share price in India, think about how many people love Jockey and how much they’re likely to keep buying. 

That’s some serious market potential right there, with a market cap of ₹ 51,290 Cr.

#3rd Most Expensive Share in India – HONAUT

Have you been on the lookout for the most expensive share in the automation sector? 

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) is a leader in integrated automation and control systems.

As of Dec 5th, 2024, this costliest share of India has a market cap of ₹ 36,248 Cr.

#4th Highest Share Price in India- BOSCHLTD

Ever heard about the tech powerhouse of India?

Bosch Limited is a subsidiary of the renowned Bosch Group headquartered in Germany. 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.

As of Dec 5th, 2023, this is one of India’s top 10 most expensive shares, with a Market Cap of ₹ 1,06,369 Cr.

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.

#5th Most Expensive Stock in India- 3MINDIA

3M India Limited is the Indian subsidiary of 3M Company which is a multinational conglomerate.

3M India holds the Market Cap₹ 35,241 Cr. as of Dec 5th. It is recognised for its commitment to research and development, introducing innovative products and technologies.

So, if you’re thinking about investing in the most costly share in India, with 3MINDIA, you’re investing in a whole culture of innovation.

#6th Highest Share Price in India- ABBOTINDIA

Ever wondered how a single company could reach the list of top 10 healthcare companies in India and serve diverse healthcare needs?

Abbott India, a subsidiary of the renowned Abbott Laboratories, has a Market Cap₹ 61,710 Cr. as of Dec 5th. It operates in manufacturing, marketing, and distributing over 600 healthcare, pharmaceutical, and nutritional products.

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. 

Want to invest in the most expensive share in India? Do it now with a free demat account!

#7th Most Expensive Share 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.

So, if you’re thinking about investing, Shree Cement- The highest share price in India, is all about innovation.

It started back in ’79, and now they’re one of the big contributors in India’s cement industry with a Market Cap of ₹ 96,397 Cr.

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

#8th Most Expensive Share in India- NEULANDLAB

Neuland Laboratories is a leading global contract development and manufacturing organisation (CDMO). It specialises in developing complex active pharmaceutical ingredients (APIs). As of Dec 5th., 2024, being among the top 10 highest share prices in India, it has a Market Cap₹ of 22,831 Cr.

Why should you invest in Neuland Laboratories?

Neuland has a track record of quality and a global presence for over 40 years.

#9th Highest Share Price in India- Dixon

Meet Dixon Technologies – leader in the electronic manufacturing services (EMS) sector. It serves solutions in consumer durables, home appliances, lighting, mobile phones, and security devices. The company is also known for offering repair and refurbishment services for set-top boxes, mobile phones, and LED TV panels.

It has a market Cap of ₹ 1,03,774 Cr.

#10th Most Expensive Share in India- LMW

LMW Limited (formerly Lakshmi Machine Works Limited) has a Market Cap of ₹ 17,914 Cr. It is a prominent manufacturer in India that specializes in textile machinery, CNC machine tools, etc.

It was founded in 1962. From revolutionising the textile machinery sector to expanding into advanced technologies like aerospace components, LMW is set on the right track.

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

Advantages of Investing in the Most Expensive Shares in India

Investing in the highest share price in India and India’s most expensive share can offer several benefits:

1. The Costliest Share in India Is Linked to its Stability

High-priced stocks, often considered the most expensive stock in India, are linked to strong companies. These companies are stable, and some of them rank among the top 10 highest share prices in India, making them more reliable.

2. High-Priced Stocks in India Offer Strong Market Position

Companies with India’s most expensive share often have a large market value. This helps reduce large price changes. 

3. Access to Dividends

Dividends are a way to earn cash from your investments. If you’re looking for consistent income, these stocks, like the most expensive stock in India, can be a good choice.

4. India’s Most Expensive Share Offers Growth Potential

The most costly share in India and other high-priced shares often come from companies that have solid growth prospects. By investing in these stocks, you could benefit from their growth. With time, you could see your investment increase in value over time.

Challenges of Investing in the Most Expensive Shares in India

While investing in the highest price share in India can be profitable, it comes with challenges:

1. The most expensive stock in India usually requires a large amount of money to invest in. This might be difficult for retail investors with limited funds. 
2. The most expensive stock in India can sometimes be overvalued. This means that their price might be higher than their actual worth due to market hype or unrealistic expectations.
3. The high prices of these shares can be a barrier for many individual investors.

Who Should Invest in the Most Expensive Stocks?

Investing in high-priced stocks can be a good choice for certain investors. However, it’s important to consider your personal situation and goals.

Here’s who might want to invest in them:

1. If you are experienced in stock market trading and you can afford to buy expensive stocks without it affecting your overall portfolio too much. This allows you to potentially benefit from growth without taking on too much risk.
2. If you’re looking for steady, long-term returns, India’s most expensive stocks might be a good fit.
3. If you value quality over quantity, you might prefer investing in fewer, higher-priced stocks.

• 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 ₹125432.12 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.

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.