Most Expensive Share In India 2026

India’s stock market features over 8,405 listed stocks, primarily traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Most of the stocks in the Indian market are below INR 1,000, but there are a few select stocks which are priced much higher. This article will delve into the most expensive share in India across various sectors. The sole criterion for our analysis is the highest stock price in India; these stocks may not necessarily be expensive in terms of overall valuations. Let’s explore the details!

Reasons Behind Highest Share Prices in India

Some shares in India become extremely expensive not because they are overpriced, but because they have grown steadily over many years. Companies that consistently earn profits, manage capital well, and enjoy strong market positions often see their share prices compound over time. When such companies do not split their shares or issue bonuses, the number of shares remains low, pushing the per-share price higher. In certain cases, limited trading or a small public shareholding further lifts prices. Simply put, a high share price reflects long-term performance and scarcity, not whether a stock is cheap or expensive to buy.

List of Most Expensive Stocks in India with Price

1. MRF (INR 1,48,204): Most Expensive Share in India

Market Capitalization: INR 62,855 crore
Sector: Tyres, Rubber products

MRF, a leader in the automotive tyre industry, manufactures tyres, tubes and flaps. As of 12 January 2026, MRF’s share is trading at INR 1,48,204. The company enjoys a market share of approximately 29%, underscoring its dominance in the sector. Interestingly, MRF began its journey as a toy manufacturer in the late 1940s before transitioning to tyre production in 1961.

MRF is currently one of the most expensive stocks in India. This premium valuation can be attributed to several factors, including the company’s strong financial performance and its policy of not splitting shares, which maintains a face value of INR 10. MRF has also demonstrated a return over five years of 11.4%. Historically, MRF has been one of the costliest share in India, showing its strength and market leadership.

2. Elcid Investments (INR 1,25,399): Runner Up in Highest Stock Price in India

Market Capitalisation: INR 2,780 crore
Sector: Financial Services

Elcid Investments is the second most costly share in India. The company is involved in investments and financial services. The company has a diversified portfolio of equity investments in various sectors to generate long-term capital appreciation for its shareholders.

Elcid Investments had become famous after the dramatic rise in its price which reached INR 2,73,488.85, making it the most expensive stock in India at that time. This is because of a special call auction conducted by the Bombay Stock Exchange (BSE) to help with the price discovery of investment companies.

Before the auction on 29 October 2024, Elcid’s shares were trading at just INR 3.53. After the auction, the stock skyrocketed to INR 2,36,250 in a single day, marking an astonishing increase of 66,92,535%. This extraordinary price movement reflects the implementation of a new framework by the Securities and Exchange Board of India (SEBI), designed to facilitate better pricing for infrequently traded stocks of investment companies.

As of 12 January 2026, Elcid Investment is trading at INR 1,25,399, making it the second most expensive stock in India. With a P/E ratio of 33, the company showcases its stability and growth potential.

Also Read: Best Electric Vehicle Stocks in India

3. Bosch (INR 37,519) – Most Expensive Stock Among Auto Ancillaries 

Market Capitalisation: INR 1,10,657 crore 
Sector: Auto Ancillaries 

Bosch is a subsidiary of German multinational corporation Robert Bosch. The company operates in auto-ancillary space. Bosch is into precision engineering and has established itself as a major player in the market.

As of 12 January 2026, Bosch shares are trading at INR 37,519, making it the highest-priced stock among auto ancillary companies in India. With a price-to-earnings (P/E) ratio of 48.8, Bosch reflects strong market confidence and growth potential. Over the past five years, investors have realized a commendable return of 154.72%. Throughout the last year, Bosch’s share price has fluctuated between a 52-week low of INR 25,922 and a 52-week high of INR 41,945, highlighting its resilience and performance in a competitive sector.

Bosch’s high share price is supported by strong parent backing, a conservative capital structure with low dilution, limited free float, and long-term investor holding.

4. Page Industries (INR 34,335)

Market Capitalization: INR 38,296 crore
Sector: Textile 

Page Industries is a big player in the textile industry. It is the manufacturer and distributor of the Jockey brand in India, Sri Lanka, and the UAE. Page Industries has seen 8.0% revenue growth and a 3-year CAGR of 8.29% in 2025.

As of 12 January 2026, Page Industries is trading at INR 34,355, making it the highest-priced stock among textile companies in India. Its price-to-earnings (P/E) ratio of 50.2 still reflects strong investor confidence and high expectations for future business growth. Throughout this period, the share price has fluctuated between a 52-week low of INR 34,036 and a 52-week high of INR 50,590, further underscoring its prominence in the market. Page Industries trades at a high share price because it’s a premium consumer franchise (Jockey/Speedo licensee) with historically strong profitability and very high ROE/ROCE, so investors pay up for quality.
Also, the company has not done stock splits for years, keeping the per-share price elevated.

5. 3M India (INR 35,010) – Transforming Industries Technology

Market Capitalisation: INR 39,490 crore
Sector: Diversified

3M India was established in 1987 as a subsidiary of US-based 3M Company. The company operates in multiple segments- Industrial, Healthcare, Safety and Graphics, and Consumer Products. 3M is known for its popular brands like Scotch Brite, Scotch Tape and various lubricants.

As of 12 January 2026, 3M India is trading at INR 35,010 and boasts a price-to-earnings (P/E) ratio of 71.3, reflecting positive investor sentiment regarding its growth potential. Over the past five years, investors holding shares in 3M India have achieved a commendable return of ~68%. Throughout the last year, the share price has fluctuated between a 52-week low of INR 25,714 and a 52-week high of INR 37,385, signifying its position as one of the most prestigious stocks in the Indian market.

6. Honeywell Automation (INR 33,252) – Leading the Charge in India’s Tech Revolution

Market Capitalization: INR 29,367 crore 
Sector: Consumer Durables – Electronics 

Honeywell Automation India is an entity of Honeywell Group based out of the US, which manufactures advanced electronic systems and components, provides repair and maintenance services, trades machinery and equipment and supplies related products.

As of 12 January 2026, Honeywell Automation’s shares are trading at INR 37,352, positioning it among the most expensive stock in India. Its impressive price-to-earnings (P/E) ratio of 56.9 reflects strong market confidence in the company’s prospects. Throughout the past year, the share price has fluctuated between a 52-week low of INR 31,025 and a 52-week high of INR 42,100, making it one of the costliest share in India.

7. Abbott India (INR 28,447) – Innovating Healthcare Solutions 

Market Capitalisation: INR 29,401 crore
Sector: Pharmaceuticals

Abbott India is a leading multinational pharmaceutical company specializing in diagnostics, medical devices, nutritional products, and branded generic pharmaceuticals. Founded in 1910 and headquartered in Mumbai. The company operates in multiple therapy areas including women’s health, gastroenterology and cardiology and delivers innovative healthcare solutions to improve lives across India.

As of 12 January 2026, Abbott India is trading at INR 28,414 making it one of the most expensive stock in pharma space. The company has a P/E of 40.1, and investors are very confident of its growth. Investors who have held Abbott India for the past 5 years have made 89% returns. The stock has moved between 52 week low of INR 25,260 and 52 week high of INR 37,000 in the past year, shows its volatility.

8. Shree Cements (INR 27,142)

Market Capitalisation: INR 97,932 crore 

Sector: Cement & Construction Material 

Shree Cement is one of India’s leading cement manufacturers, established in 1979. The company operates across multiple states, with a consolidated production capacity of 46.40 million tonnes per annum (MTPA). Known for its brands like Shree Ultra and Bangur Cement, Shree Cement also engages in power generation through its subsidiaries, Shree Power and Shree Mega Power.

As of 12 January 2026, Shree Cements is the highest priced stock among Cement players in India with price of INR 27,142. The company has a PE ratio of 57x. Shree Cement’s share price has been ranging between INR 24,811 to INR 32,508 in last 1 year.

Read Also: Top Undervalued Textile Stocks in India

9. Yamuna Syndicate (INR 26,702) – Rising Star Among the Most Expensive Share in India

Market Capitalisation: INR 821 crore
Sector: Trading

Yamuna Syndicate was founded in 1955 and is a major player in the trading and marketing of products, components, and consumables in Automotive, Agrochemicals, and Industrial and Consumer Electricals.

As of January 2026, Yamuna Syndicate is trading at INR 26,702 with a P/E of 9.40x. The company has been doing great over the last 5 years with a 5-year return of 182%. The stock has moved between INR 26,711 and INR 43,000 over this period, showing its volatility and potential to grow and sustain in the market.

Read Also: Upcoming IPO Calendar in India

10. Bombay Oxygen (INR 20,885) – Last But Not the Least

Market Capitalisation: INR 313 crore 
Sector: Finance -Investment 

Bombay Oxygen Investments is now primarily a financial investment company, having ceased its industrial gas manufacturing operations; it earns money by investing in shares, mutual funds, and other financial securities, and operates as a non-banking financial company (NBFC).

As of 12 January 2026, the company’s stock is trading at INR 20,885. Over the past five years, investors in JSW Holdings have enjoyed a return of 107%. Throughout the last year, the share price has fluctuated between a 52-week low of INR 19,552 and a 52-week high of INR 31,998, reflecting its volatility and strong market presence.

Also Read: Top Artificial Intelligence Stocks in India

Top 15 Highest Share Price in India 2026

Patterns in Costliest Stock in India 

So what do we see when we look at India’s most expensive stocks? Many of them have high price-to-earnings (P/E) ratios indicating high investor confidence in their growth. Not all are monopolies but most have a strong market presence. Six out of the fifteen are subsidiaries of multinational companies. Moreover, most of these stocks don’t have corporate actions like stock splits or bonuses.

But a high share price doesn’t mean it’s a good investment. Price of the stock doesn’t matter. A stock priced at INR 20,000 can be undervalued and another at INR 200 can be overvalued. Proper valuation requires looking into P/E ratio, discounted cash flow and other financial metrics.

In short, top 10 most expensive stocks in India gives us some idea of Indian stock market. Investors should do their research and analysis before investing as per their financial goals and risk appetite.

Happy Investing! 

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