Before investing in any stock, look at the financial condition, fundamentals, management, business strategy of the company. Let's find out what are the 6 most expensive stocks in India right now
The Indian stock market is currently at record highs. Shares of many companies, including the Sensex and Nifty, have reached all-time highs. Shares of most companies listed on the BSE and NSE are below Rs 2,000. But there are many companies whose stock price is more than Rs 10,000.
Higher share prices do not mean that companies are better at investing. But higher prices do not mean that companies should be avoided altogether. Before investing in any stock, look at the financial condition, fundamentals, management, business strategy of the company. Let's find out what are the 6 most expensive stocks in India right now
MRF
The share price of Madras Rubber Factory (MRF) is currently Rs 80,850. It is the most expensive stock in India. The journey of MRF starting from a small toy shop in Madras is unusual. The company also makes paints, sports goods, including tires. MRF has never split its shares and its face value is Rs. In November 2012, the company's shares were priced at just Rs 10,000. In February 2021, the price reached an all-time high of 98,575. The company has given 25.3 per cent returns over the past year
Honeywel Automation
The share price of Honeywell Automation is currently around Rs 40,000. The company provides integrated automation and software solutions services in the United States and is a market leader in the United States. The company was started by the Tata Group and the American company Honeywell in 1987 as a joint venture, which ended in 2004. Shares of the company touched an all-time high of Rs 49,805 on March 15, 2021. The company has given more than 400 percent returns in the last 5 years. The company has a market cap of 355.9 billion
Shree Cements
Mr. Cements is the third most expensive stock in India. It is the largest cement company in India. The company sells cement under the brand names Shree Jangrodhak Cement, Bangar Cement and Rockstrong Cement. The company has a market cap of Rs 1 lakh crore. The company's shares have returned 26.5 per cent in one year
Page Industries
Page Industries manufactures, trades and markets Jockey products in India, Bangladesh, Sri Lanka, the UAE and Nepal. The company's share price is currently over Rs 29,500.
3M India
3M India was established in 1987 and the company's business is diverse in many ways. Its share price is currently above Rs 25,000. The company manufactures Scotch Brite, Scotch Tapes as well as paint protection film, window film etc. The company has a market cap of Rs 282.8 billion. The company has given returns of 31.27 per cent in 1 year and 107 per cent in 5 year.
Nestle India
Nestle India entered India in 1961 and set up its own factory. The company is a leader in the food segment. The company currently has a share price of Rs 17,500 and is the sixth most expensive stock in the country. The company has a market cap of Rs 1.70 lakh crore. The company has given only 5 per cent returns in 1 year and 170 per cent returns in 5 years.
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