While investing in the stock market, most investors, especially beginners, keep an eye out on the prices of the stocks. They find that stock prices vary across a wide range from a few rupees to thousands of rupees for each share on NSE and BSE
Most shares in India often trade on the Indian stock exchanges at a share price below Rs 1,000 per share. Some stocks trade in the Rs 1,000 - Rs 2,500 range as well. However, very few stocks trade above Rs 10,000
MRF is the most expensive share in India in terms of price. It closed at Rs 84,617 on April 11, 2023, at a PE ratio of 63.5. In the last one year, the stock has jumped around 24% on the NSE
Page Industries is the costliest stock in India among textile players. It is currently trading at Rs 37,095 as on April 12, 2023, at a PE ratio of 59.79. It has proven to be a multibagger stock, with returns of 45% in the last five years
Honeywell Automation India is the third most expensive stock in India. It closed at 36,827 on April 11, 2023, at a PE ratio of 81.63. Over the last five years, it has rallied 96.11%
Shree Cement is the most expensive stock in India among cement players. It closed at Rs 26,201 on April 11, 2023, and has a PE ratio of 65.75. 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 closed at Rs 23,281 on April 11, 2023, with a PE ratio of 64.45. The stock has risen 11.52% in the last five years on NSE
Abbott India is among the most expensive stocks in India in the pharmaceutical sector. It ended at Rs 22,778 as on April 11, 2023, with a PE ratio of 52.14. The stock has surged 250% over the last five years
Some other expensive stocks that are priced above Rs 10,000 include Nestle India, Bosch, Procter & Gamble (P&G) Hygiene, and Kama Holdings
A majority of investors pick stocks that have lower prices and simply ignore the pricey stocks. However, cheaper stocks tend to be more vulnerable to risks as compared to pricey stocks as the lower-priced stocks attract most investors since they can fit into any budget and investors can buy more in a limited amount
Expensive stocks are much less vulnerable to market risks as compared to cheaper stocks since their high price makes it difficult for small retail investors to buy them. Out of the few investors who buy such stock, most are long-term institutional ones, which makes it very difficult to manipulate the prices of stocks
The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position