You may know that most of the shares in this market usually hang out at a price below Rs 1,000. In fact, you’ll find around 3,500 companies listed here with shares going for less than Rs 500 each. Pretty affordable, right? But hold, because there’s a special league of stocks that like to play in the big leagues. These stocks trade at prices that make your head spin, in multiples of thousands of rupees! Yeah, we’re talking about the heavy hitters, the high rollers of the stock market. In this article, we will look at the “10 Companies with the Highest Share Price in India.”
Top Companies with the Highest Share Price in India
Madras Rubber Factory:
Madras Rubber Factory (MRF) is an established tire manufacturer in India. it is Top 10 Companies with the Highest Share Price in India. It offers a wide range of tires for various vehicles, including cars, bikes, trucks, and buses. MRF holds the distinction of having the highest share price among all listed companies on the BSE/NSE in India. The stock has provided a return of 22.04% in the last year. It is interesting to note that the company’s share price was Rs. 10,000 in November 2012, demonstrating significant growth over time.
Page Industries:
Page Industries operates in the textile industry and is renowned for its brand Jockey, which offers a range of innerwear, loungewear, and socks. The stock of Page Industries has been a standout performer in recent years, delivering remarkable returns. Over the past ten years, it has provided a return of over 1087%, making it a “multi-bagger” stock.
Honeywell Automation India Ltd:
Honeywell Automation India Ltd, a subsidiary of Honeywell Group USA, is a leading provider of integrated automation and software solutions. The company offers a wide range of products in environmental and combustion controls, sensing and control, and other areas. Honeywell Automation stock has provided a return of over 39% in the last five years.
Shree Cement:
Shree Cement is a prominent cement manufacturer in India. Founded in 1979 in Beawar, Rajasthan, the company has grown to become the largest cement maker in northern India. Shree Cement also produces and sells power under the names Shree Power and Shree Mega Power. Nonetheless, the stock has experienced a negative return of -7.80% in the last year, indicating a decline in share price during that period.
Abbott India Limited:
Abbott India Limited is a pharmaceutical and drugs company located in Mumbai. it is also Top 10 Companies with the Highest Share Price in India It is a publicly listed company and a subsidiary of Abbott Laboratories. Abbott India specializes in offering high-quality trusted medicines in various therapeutic categories, including women’s health, gastroenterology, cardiology, metabolic disorders, and primary care. The stock is trading at a PE of 49.06. It has provided a return of over 27% in the last year.
3M India Ltd:
3M India Ltd is a subsidiary of 3M Company USA and is listed in India. The parent company holds a 75% equity stake in 3M India. The company offers a diverse product portfolio, including dental cement, healthcare products, and cleaning solutions. As of April 2023, the stock is trading at a PE of 65.59. However, it has experienced a negative return of -27% in the last year, indicating a decline in share price during that period.
Nestle India:
Nestle India, which operates in the food processing sector, has the largest market capitalization on this list of costliest shares in India. It is known for its mouthwatering products like Maggi, Kit-Kat, Nescafe, and Every Day. As the Indian subsidiary of the Swiss multinational Nestlé, this stock has been given a 2.64% return in the last year alone.
Bosch:
Next, we have Bosch, an automotive heavyweight that revs its engine in the auto ancillary industry. As part of the esteemed German multinational company, Bosch brings precision and innovation to the table. Trading at a PE ratio of 38.79, this stock has been cruising the roads of success, providing a turbocharged return of 29% in the last year.
Procter & Gamble Hygiene & Health Care Ltd:
Procter & Gamble Hygiene & Health Care Ltd is one of India’s most rapidly rising FMCG companies. They’re rising rapidly in the fast-moving consumer goods arena, with a brand lineup that will make your head spin. From Duracell to Olay, Tide to Gillette, their portfolio is bursting with household names. Trading at a PE of 25.53, this stock may have delivered a modest return of 0.57% in the last year, but it’s determined to clean up the competition.
Yamuna Syndicate Limited:
The Yamuna Syndicate Limited is involved in the trade and marketing of tractors, industrial lubricants, automotive, batteries, electrical, pesticides, and fertilizers, as well as sugar, and it also operates gas stations. The company has been around since 1954 and has its headquarters in Yamuna Nagar. This share is currently trading at a PE of 3.98 and has delivered a return of -12.85% over the course of the past year.