The Most Expensive Shares in India

7 September 2023
6 mins read
by Angel One
Investors tend to ignore highly-priced shares while planning their investments. But this method is incorrect as price doesn’t equate to value.
The Most Expensive Shares in India

Have you, like us, gone into shock when the MRF stock reached its highest share price of Rs. 98,599.95 back in 2021? Has it made you wonder what the other costliest shares in India are and why they are priced that way? 

An Overview of the Some of the Costliest Shares in India


Madras Rubber Factory (MRF), the most expensive stock in India, is primarily engaged in the business of manufacturing tyres. It also manufactures sports goods, paints & coats, and pretreads. MRF owns the Funskool brand. 

MRF currently has the highest stock price in India amongst all the listed companies. In 2022 alone, it has gained over 15%. It is expected the stock price will surge even higher due to the revival of demand in the auto industry and the easing of semiconductor issues in the supply chain. The reasons for MRF being the most expensive share in India are that the stock has never been split by the company, and it continues to exhibit strong fundamentals and growth opportunities.

Are you intrigued to invest? Check the share price of MRF at Angel One before investing. 

Page Industries 

With the price levels breaching Rs. 50,000, Page Industries is the poster boy of a multibagger stock. Page Industries, which deals with the manufacturing and distribution of underwear and loungewear, has generated over 176% returns in the past 3 years. It owns the Jockey brand and holds an exclusive licence for the distribution of Speedo International’s products. The stock continues to exhibit strong fundamentals as the company plans on enhancing its distribution reach and diversifying its products by entering more premium ranges.

Do check out the share price of Page Industries on Angel One before investing.

Honeywell Automation 

Incorporated in 1984, Honeywell Automation, a part of the USA’s Honeywell group, is a market leader in the provision of integrated automation and software solutions. These solutions are targeted at enhancing the safety and security of homes and businesses. Additionally, it has products dealing with environmental and combustion controls and provides engineering services to global clients. The stock is premium priced as it is backed by a healthy balance sheet, strong parentage, and an asset-light business model.

Before investing, knowing the share price of Honeywell Automation is very important! So check them out at Angel One.

Shree Cement

Headquartered in Kolkata, Shree Cement is a leading cement manufacturer in India. It operates under three brand names: Shree Jung Rodhak, Bangur Cement, Roofon, and Rock Strong. With an installed capacity of over 43 MTPA, Shree Cement features among the lowest-cost producers in India.

Check out the share price of Shree Cement on Angel One before investing.

3M India 

3M India, a subsidiary of 3M Company USA, operates under 4 verticals, including safety & industrial, transportation & electronics, health care, and consumer segment. It features among the most diversified tech companies as it manufactures a range of products such as abrasives, adhesives, paint protection films, cleaning products, etc. Scotch Brite is owned by 3M India.

Want to invest in 3M India? Do check the share price of 3M India on Angel One before investing.

Nestle India 

Nestle India, a subsidiary of Swiss-based Nestle Group, is a leading nutrition, health, and wellness company. It owns a broad range of brands, including Maggi, Nescafe, Kit-Kat, Milkmaid, etc. Nestle’s prospects are expected to continue to improve due to its focus on urban areas.

Before you invest your money in this stock, do check out the share price of Nestle India before investing.

Abbott India 

Founded in 1944 and headquartered in Mumbai, Abbott India is a leading pharmaceutical company in India. Abbott has a product portfolio of over 125 products dealing with women’s health, central nervous system, gastroenterology, pain management, and metabolic disorders. 

It has generated over 300% returns in the past 5 years.

Do keep an eye on the share price of Abbott India on Angel One before investing. 

Bajaj Finserv

With a market capitalisation value of over Rs. 2 lakh crores, Bajaj Finserv serves as a holding company for financial service businesses under the Bajaj Group. It is registered as a core investment company with RBI. Bajaj Finserv has generated over 142% returns in the past 3-year period.

Track Bajaj Finserv share price on Angel One before you buy.


Bosch manufactures a range of products spanning mobility solutions, consumer goods, industrial technology, building technology and energy. Its future outlook looks positive over expectations of robust demand in the automobile segment and continued focus on improving content per vehicle.

Follow Angel One’s website for live updates on the share price of Bosch

P&G Hygiene

With brands like Whisper and Vicks, P&G Hygiene and Healthcare features among India’s fastest-growing FMCG companies. It is primarily engaged in the femcare and healthcare business segments and has recently forayed into Ayurveda.

It is advisable to check the P&G Hygiene share price on angel One before investing. 

Why Should You Invest in an Expensive Share in India?

With such prohibitive pricing, does it even make sense to invest in such stocks? Yes, it does, when you account for the value of the stock, instead of solely focusing on the share price. Most of these highly-priced stocks are supported by strong underlying growth fundamentals. If a stock’s P/E ratio is below the industry standard, it makes sense to invest in it despite high prices.

Secondly, expensive stocks are indicative of lower risks. Such companies typically belong to a structurally sound sector, where they enjoy the right pricing power if not a monopoly. Besides, their high prices limit the number of investors, thus reducing the likelihood of price manipulation.

Things to Remember

Just because a stock is highly-priced, does not mean that it will be a good fit for you. Instead of jumping on a stock’s bandwagon over media coverage and FOMO, conduct adequate research and determine whether you have the budget to invest in expensive stocks. Once you have decided, make sure to take the first step in the investing journey by opening a Demat account with Angel One. 

Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.