The Most Expensive Stocks in India – The stock market investment is a double-edged sword. It can make you rich or it can make you poor. To earn a handsome return, it is important that you invest in the right stock. In this article, we will take a look at the 10 most expensive blue chip stocks in India. These stocks are the most expensive and instead of this one stock, you can purchase expensive items such as an iPad or even a 10 gm gold ring for your wife. 🙂
10 Most Expensive Stocks in the India
#1 MRF
MRF is the most expensive stock in the Indian stock market. MRF is the largest tire manufacturer in India. MRF stock price as of today (i.e. 26/6/2024) is ₹ 1,25,821. You can purchase 20 gm gold on behalf of one stock of MRF. In the last few years, the stock price has increased significantly. MRF Shares price in 2019 was ₹66,327.75. By 2024, its share price rose to ₹1,26,954.85. It gave a positive return of over 91% with a CAGR of 13.8% over the last 5 years.
#2 Honeywell Automation India
Honeywell Automation is the second most expensive stock in India as of 2024. Honeywell produces a variety of commercial and consumer products. The stock of Honeywell Automation is trading at ₹ 57,600. Honeywell stock generated a positive return of over 110% with a CAGR of 16% over the last 5 years. Honeywell is one of the best stocks to invest in for the long term.
#3 Kaycee Industries
Kaycee Industries is a leading electrical switches manufacturer and exporter. The stock of Kaycee is one of the most expensive stocks in 2024. The stock is trading at ₹ 59,439. Kaycee Industries Stock price in 2014 was ₹ 3,500. This means the stock has generated a positive return of over 1,564% with a CAGR of 32.4% over the last 10 years.
#4 Page Industries
Page Industries is a textile company and holds an exclusive license of Jockey International for distribution in India and neighboring countries. The stock price of the Page Industries in 2024 is ₹ 39,585. The stock price of Page Industries was ₹11,647 in 2014. Page Industries stock gave a return of over 239% with a CAGR of 13% over the last 10 years.
Best Blue Chip Stocks in India (2024)
#5 3M India
3M India is also on the list of most expensive stocks. 3M India is a diversified technology company dealing in Safety & Industrial, Transportation & Electronics, Health Care, and Consumer segments. The stock price of 3M India in 2024 is ₹ 37,183. The company is almost debt-free. In 1993, the price of 3M India shares was ₹155.00. If you had put ₹10,000 into 3M India Shares in 1993, your investment would have increased to ₹23.98 Lakh by 2024.
#6 Bosch Ltd
Bosch is also on the list of most expensive stocks. Bosch has diversified businesses and deals with multiple sectors such as automotive technology, industrial technology, consumer goods and energy and building technology. The CMP of Bosch is ₹ 34,149. Bosch Share price in 2014 was ₹19,400. This means Bosch has given a 76% return with a CAGR of 5.8% over the last 10 years.
#7 Yamuna Syndicate
Yamuna Syndicate Ltd. is involved in the trading and marketing of a diverse range of products, components, and consumables associated with the automotive sector, agrochemicals, and industrial and consumer electrical goods. The stock price of Yamuna Syndicate Ltd in 2024 is
₹ 55,439. The Yamuna Syndicate stock price in the year 2020 was ₹9000. This means Yamuna Syndicate generated 515% returns from 2020 to 2024, with a compound annual growth rate (CAGR) of 57.5%.
#8 Shree Cement
Shree Cements is in the business of Cement manufacturing and selling. Shree Cements is one of the lowest-cost cement producers in India. The stock price of Shree Cements in 2024 is ₹ 27,499. The price of Shree Cement stock in 2014 was ₹9,350. This means Shree Cement generated a 194% return with a CAGR of 11.3% over the last 10 years.
#9 Abbott India Ltd
Abbott India Ltd is a top multinational pharmaceutical company in India that sells its products mainly through independent distributors within the country. The stock price of Abbott India Ltd in 2024 is ₹ 27,640. Abbott India’s share price in 2014 was ₹ 3,600. This means Abbott India gave a 647% return with a CAGR of 22.2% over the last 10 years.
#10 Bombay Oxygen
Bombay Oxygen is next on the list of Most Expensive stocks in India. Bombay Oxygen deals in primarily financing and investments business. The stock price of Bombay Oxygen in 2024 is ₹ 24,364. The stock price of Bombay Oxygen in 2014 was ₹ 5,607. This means Bombay Oxygen gave a return of 334% with a CAGR of 15.82% over the last 10 years.
Note – The above price comparison is as of June 2024.
Why are these stocks the most expensive stocks?
The reasons why these stocks are expensive is given below.
- A limited number of stocks are available in the market for trading.
- The demand for these stocks is high.
- No split or bonus shares have been announced by a company for a couple of years hence face value of a share is high.
Over to You
Do you own any of the expensive stocks mentioned above?
Do you think these stocks will be able to outperform in the future?
Do share this list of the most expensive stocks with others.
Happy Investing!
