MRF share price is close to hitting the Rs 1 lakh mark. In the cash market, the most expensive stock in India recently touched an all-time high of Rs 99,933.50 on NSE. The stock was last trading at Rs 96,811 on NSE at around 11:10 am.
MRF stock's present valuation of 22.3x the FY25E EPS is seen as expensive, representing a near-100% premium to its peers, in spite of a weakening competitive position and similar capital efficiencies, said brokerage firm Motilal Oswal Financial Services.
Page Industries is the costliest stock in India among textile players. It is currently trading at Rs 41,423.95 as of 11:10 am on May 10, 2023, at a PE ratio of 67.46. It has proven to be a multibagger stock, with returns of 71% in the last five years.
Honeywell Automation India is the third most expensive stock in India. It was last trading at Rs 36,626 around 11:10 am on May 10, 2023, at a PE ratio of 80.86. Over the last five years, it has rallied nearly 98%.
Shree Cement is the most expensive stock in India among cement players. It was last trading at Rs 24,368 on NSE today at around 11:15 am, and has a PE ratio of 61.20. The stock has rallied more than 50% on NSE in the last 5 years.
3M India is one of the most expensive stocks in India in the diversified sector. It was trading at Rs 23,705 on NSE around 11:20 am today with a PE ratio of 67.75. The stock has risen 16% in the last five years.
Abbott India is among the most expensive stocks in India in the pharmaceutical sector. The stock was trading at Rs 21,646 on NSE today at around 11:20 am, with a PE ratio of 50.09. The stock has surged 240% over the last five years.
FMCG major Nestle India is a household name and is known for brands like Maggi, KitKat among others. Its stock is among the most expensive stocks in India. The stock was last trading at Rs 22,091 on NSE at 11:24 am today. The stock, with a PE of 83.11, has jumped 131% in the last 5 years.
Bosch ranks 8th in the list of companies with the highest share price in India. Bosch shares were last trading at Rs 19,115 today at 11:28 am with a PE of 41.21. The stock has risen 2.45% in the last 5 years.
P&G Hygiene (Rs 13,767.65), The Yamuna Syndicate (Rs 10,700.00), Kama Holdings (Rs 12,542.05), Bombay Oxygen (Rs 10,706.00), Lakshmi Machine Works (Rs 11,124.65) and Polson (Rs 11,849.95) are some other stocks that are priced above Rs 10,000.
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