In India we have a variety of shares/stocks suitable for a beginner as well as for an experienced professional. There is wide range starting from a very few rupees up to thousands of of rupees. Being an Indian we know that not everyone is ready to put up a lump sum amount of money on a single share, even when the fundamental analysis of the company is appealing stacking up thousands of rupees on a single share is not agreeable for everyone.
What are expensive shares?
When a single share price rounds up to thousands of rupees those range of shares come under expensive shares. Expensive share companies have an enormous market capital. To check if a share is expensive we need to keep a check of their price-earnings ratio, price to sales ratio, price to dividend ratio, price/earnings to growth ratio.
Top most expensive shares in India
The following are the top most expensive shares of India :
MRF ltd.
MRF or Madras Rubber Factory started with Rs 11 per share and today it is valued at around Rs 80000. There was a time when MRF used to make balloons, toys and contraceptives and today MRF is an Indian Multinational tyre manufacturing company and the largest tyre manufacturer in India, also is is the sixth largest manufacturer in the world. One of the most fascinating thing is that MRF started of as a small toy manufacturing unit in a backyard and today is a worldwide known brand and it has maintenance its position in the expensive shares of India from quite a long time.
Honeywell Automation India ltd.
Honeywell Automation India ltd. (HAIL) today is a market leader in Electronics-Instrumentation and Process Control equipment industry. HAIL is one of the leading provider of integrated automation and software solution that improves productivity enhancing comfort and ensuring the safety and security to homes and business premises. HAIL is the industry leader in burner and boiler control components and systems. Some of their key products are IR and UV Flame detectors, Flame switches and Burner sequence, Controllers, Modutrol Motor and actuators, UGV [Universal Gas Valves] & Gas Train, Adjustable port valves, Gas pressure switches, Ignition Transformers, Pressuretrol Proportional
Pressure Controllers, Satanic Burner controls and Components, Limits and pressure controls, Communications and software etc.
Page Industries
Page Industries is an Indian retailer and manufacturing distribution of loungewear, innerwear athleisure sleepwear, swimwear for men, women and kids and also manufactures socks. It is the exclusive licensee of Jockey International in India, Sri Lanka, Nepal, Bangladesh, the United Arab Emirates, Oman and Qatar. In 2011, it licensed Speedo swimwear from Pentland Group for India and Sri Lanka. Page industries started of with ₹360 per equity share price and today single share price is valued around ₹30000.
3M India
3M India is a extremely diversified business among many categories. 3M India deals in a wide variety of products ranging from automotive, commercial solutions, health care, electronics, transportation, adhesives, paint protection films, window films, signs, dental products, surgical solutions, etc. Today single share price of 3M India is valued around ₹20000.
Shree Cement
Shree cement is an Indian cement manufacturer and comes under the most expensive shares in India. Today Shree Cement is one of the most known cement manufacturer in India. Today a single share price is valued around ₹20000-30000 with market capitalization of above Rs.1 Trillion and comes under most expensive shares of India.
To sum up
This was a survey of the most expensive shares of India. Expensive share price does not mean that one should buy such shares comparing its fundamental analysis with other companies and then making a firm decision is one of the important factors for making investment decisions. Above mentioned companies are developed companies and to gain profit from the stock market one should try and invest in developing companies.