When we talk about expensive stocks, our eyes often turn to America and Europe. However, India has several stocks valued not just in hundreds, but in thousands. Notably, there’s a stock whose price exceeds a whopping one lakh rupees. Just a few months ago, this stock even reached one and a half lakh rupees. This stock belongs to none other than MRF, one of the largest tire manufacturing companies in the country.
Today, we will discuss some premium stocks in the local stock market that will make you think twice before purchasing. Their prices are so high that for the cost of one share, you could buy multiple shares of Reliance Industries and TCS. This comparison helps to illustrate just how expensive these stocks are compared to shares of the country’s two largest companies. Let’s take a closer look at these premium stocks whose prices are in the thousands.
India’s Most Expensive Stocks
- MRF Limited: Currently, the most expensive stock in India is MRF Limited, trading at ₹1,36,911.70. Earlier this year, it even reached ₹1,50,000.
- Honeywell Automation India Limited: Another premium stock is Honeywell Automation, priced at ₹51,951.85.
- Page Industries Limited: Known for its Jockey brand, Page Industries has shares trading at ₹40,205.85.
- 3M India Limited: This stock is currently priced at ₹37,439.80, making it one of the bigger players in the market.
- Bosch Limited: This stock is priced at ₹32,018.70, falling in the range of ₹30,000 to ₹40,000.
- Abbott India Limited: Trading at ₹27,228.90, this stock has garnered attention from investors.
- Shree Cement Limited: One of India’s largest cement companies, Shree Cement shares are currently priced at ₹24,296.60.
- Procter & Gamble Hygiene and Health Care Limited: This notable stock is trading at ₹17,017.85.
- Dixon Technologies (India) Limited: This stock ranges between ₹11,500 and ₹12,000, currently trading at ₹11,740.45.
- Ultratech Cement Limited: Also a giants in the cement industry, Ultratech shares currently stand at ₹11,300.35.
- Hitachi Energy India Limited: Trading at ₹11,010.80, this multinational’s shares are priced attractively.
- Oracle Financial Services Software Limited: Shares of Oracle are currently priced at ₹10,564.10.
- Cera Sanitaryware Limited: This popular brand trades at ₹10,420.45.
- Solar Industries India Limited: Trading at ₹10,333.60, it’s a prominent name in its sector.
- Tasty Bite Eatables Limited: This stock is also valued at over ₹10,000, currently trading at ₹10,076.10.
- Bajaj Auto Limited: A stalwart in the auto sector, Bajaj Auto’s shares are priced at ₹9,765.95.
- Bajaj Holdings and Investment Limited: Another Bajaj group company, its shares are at ₹9,454.10.
- Bengal and Assam Company Limited: With shares valued at ₹9,357.20, it’s a solid investment option.
- Maharashtra Scooters Limited: Shares currently priced at ₹9,294.60 make it a noteworthy option.
- Saraswati Commercial (India) Limited: Trading at ₹9,282.90, this stock is also among the high-value options.
- Hawkins Cookers Limited: A widely recognized kitchen appliance brand, Hawkins shares are priced at ₹8,710.00.
Stock Market at Record Levels
The stock market is currently witnessing record levels. The Sensex and Nifty have surged, achieving new highs consecutively. The BSE Sensex closed at 82,365.77 points, up by 231.16 points or 0.28 percent. It even reached a new record peak of 82,637.03 points during the day’s trading. The National Stock Exchange’s Nifty also saw an increase, closing at 25,235.90 points, a rise of 83.95 points or 0.33 percent, setting a new lifetime high.
In total, 2,228 stocks on the BSE gained, while 1,701 saw a decline, and there was no change in 116 stocks. The Nifty has risen for 12 consecutive days, indicating a bullish trend and a market characterized by strong investor sentiment.
