India’s stock market features over 8,360 listed stocks as of 31 January 2025, primarily traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). While most of the stocks in the Indian market are below INR 1000, there are a few select stocks which are priced much higher. This article will delve into the Most Expensive Stocks 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!
Table of Contents
1. Elcid Investments (INR 1,34,500): Takes the Crown of the Most Expensive Stocks in India
Market Capitalisation: INR 2,690 crore
Sector: Financial Services
Elcid Investments is an Indian Company which is into 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 has become famous after the dramatic rise in its price which has reached INR 2,73,488.85 making it the most expensive stock in India, above MRF. This is because of a special call auction conducted by the Bombay Stock Exchange (BSE) to help 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 2 April 2025, Elcid Investment is trading at INR 1,34,500 making it the leader of the most expensive stocks in India. With a PE ratio of 14.3, the company showcases its stability and growth potential. The company has maintained a debt-free status for several years and reported a return of 596% over 5 years.
Read Also: Upcoming Reliance Group IPOs: Two IPOs Lined-Up
2. MRF (INR 1,14,919): Drops to Second Place
Market Capitalization: INR 48,739 crore
Sector: Tyres Rubber products
MRF, a leader in the automotive tyre industry, specializes in manufacturing tyres, tubes, and flaps. As of 2 April 2025, MRF’s share is trading at INR 1,14,919. 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.
Currently, MRF is recognized as 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 impressive trailing five-year returns of 97.58%. Historically, MRF has consistently ranked among the most expensive shares in India, showcasing its enduring strength and market leadership.
Also Read: Best Electric Vehicle Stocks in India
3. Page Industries (INR 43,150) – Setting the Standard for Textile Excellence
Market Capitalization: INR 48,129 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 a negative revenue growth of -2.81 % and a 3-year CAGR of 17.0% in 2024.
As of 2 April 2025, Page Industries is trading at INR 43,150, making it the highest-priced stock among textile companies in India. Its price-to-earnings (P/E) ratio of 71.4 still reflects strong investor confidence and high expectations for future business growth. Shareholders who have held Page Industries stock over the past five years have enjoyed substantial returns of 154.37%. Throughout this period, the share price has fluctuated between a 52-week low of INR 33,815 and a 52-week high of INR 49,933, further underscoring its prominence in the market.
4. Yamuna Syndicate (INR 34,388) – Rising Star Among the Most Expensive Share in India
Market Capitalisation: INR 1,057 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. The company has a 45% stake in IHEL which is the flagship company of ISGEC Group.
As of 2 April 2025, Yamuna Syndicate shares are trading at INR 34,388, with a P/E ratio of 8.29. The company has been doing great over the last 5 years, with a 5-year return of 277.93%. The stock has moved between INR 23,256 and INR 66,999 over this period, showing its volatility and potential to grow and sustain in the market.
5. Honeywell Automation (INR 34,151) – Leading the Charge in India’s Tech Revolution
Market Capitalization: INR 30,195 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. Over the past five years, Honeywell Automation has had a return of 31.9%.
As of 2 April 2025, Honeywell Automation’s shares are trading at INR 34,151, positioning it among the most expensive stocks in India. Its impressive price-to-earnings (P/E) ratio of 56.8 reflects strong market confidence in the company’s future prospects. Throughout the past year, the share price has fluctuated between a 52-week low of INR 31,263 and a 52-week high of INR 59,994, making it one of the costliest shares in India.
6. Shree Cements (INR 30,200) – Last But Not the Least
Market Capitalisation: INR 1,09,145 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 2 April 2025 Shree Cements is highest priced stock among Cement players in India with price of INR 30,200. The company has PE ratio of 89.2. Investors who have held Shree Cements shares for last 5 years have got return of 72.12%. Shree Cements share price has been ranging between INR 23,500 to INR 31,238 in last 1 year.
7. Abbott India (INR 29,500) – Innovating Healthcare Solutions
Market Capitalisation: INR 62,685 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. Over the past 5 years, the company has grown at a CAGR of 9.35%.
As of 2 April 2025, Abbott India is trading at INR 29,500 making it one of the most expensive stock in pharma space. The company has a P/E of 47.1, investors are very confident of its growth. Investors who have held Abbott India for the past 5 years have made 90.92% returns. The stock has moved between 52 week low of INR 25,200 and 52 week high of INR 31,900 in the past year, shows its volatility and strong performance.
8. 3M India (INR 28,531) – Transforming Industries Technology
Market Capitalisation: INR 32,140 crore
Sector: Diversified
3M India was established in 1987 as a subsidiary of the 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 2 April 2025, 3M India is trading at INR 28,531 and boasts a price-to-earnings (P/E) ratio of 55.5, 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 57.8%. 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 41,000, signifying its position as one of the most prestigious stocks in the Indian market.
Read Also: Top Undervalued Textile Stocks in India
9. Bosch (INR 28,109) – Most Expensive share in India Among Auto Ancillaries
Market Capitalisation: INR 83,047 crore
Sector: Auto Ancillaries
Bosch is a subsidiary of the German multinational corporation Robert Bosch. The company operates in the auto-ancillary space. Bosch is into precision engineering and has established itself as a major player in the market.
As of 2 April 2025, Bosch shares are trading at INR 28,109, making it the highest-priced stock among auto ancillary companies in India. With a price-to-earnings (P/E) ratio of 41.0, Bosch reflects strong market confidence and growth potential. Over the past five years, investors have realized a commendable return of 199.17%. Throughout the last year, Bosch’s share price has fluctuated between a 52-week low of INR 26,000 and a 52-week high of INR 39,089, highlighting its resilience and performance in a competitive sector.
10. JSW Holdings (INR 24,545) – Navigating the Financial Landscape
Market Capitalisation: INR 27,165 crore
Sector: Finance -Investment
JSW Holdings is a core investment company of the JSW Group, primarily engaged in holding investments in group companies across sectors like steel, energy, and infrastructure. It functions as a non-banking financial company (NBFC), supporting the group’s strategic growth initiatives.
JSW Holdings is one of the most expensive stocks in India’s financial space. As of 2 April 2025, the company’s stock is trading at INR 24,545 and boasts a price-to-earnings (P/E) ratio of 156.0, indicating its growth and profitability potential. Over the past five years, investors in JSW Holdings have enjoyed a massive return of 1,598.68%. Throughout the last year, the share price has fluctuated between a 52-week low of INR 6,015 and a 52-week high of INR 24,698, reflecting its volatility and strong market presence.
Read Also: Upcoming IPO Calendar in India
Also Read: Top Artificial Intelligence Stocks in India
More Entries in Costliest Share in India
| Company Name | Industry | Market Cap (INR Crore) | Current Share Price (INR) | 5-year Returns (%) |
| Elcid Investment | Financial Services | 2,690.0 | 134,500 | 596.00 |
| MRF | Tyres | 48,738.8 | 114,919 | 97.58 |
| Page Industries | Textile | 48,128.9 | 43,150 | 154.37 |
| Yamuna Syndicate | Trading | 1,057.0 | 34,388 | 277.93 |
| Honeywell Automation India | Consumer Durables – Electronics | 30,194.6 | 34,151 | 31.90 |
| Shree Cement | Cement & Construction Materials | 109,144.6 | 30,200 | 72.12 |
| Abbott India | Pharmaceuticals & Drugs | 62,685.4 | 29,500 | 90.92 |
| 3M India | Diversified | 32,140.4 | 28,531 | 51.54 |
| Bosch | Auto Ancillary | 83,047.4 | 28,109 | 199.17 |
| JSW Holdings | Finance & Investments | 27,164.5 | 24,545 | 1598.68 |
| Bombay Oxygen Investments | Finance -Investment | 338.3 | 22,553 | 19.78 |
| Disa India | Capital Goods | 2,034.4 | 13,990 | 313.93 |
| Proctor & Gamble Hygiene | FMCG | 44,519.7 | 13,683 | 33.24 |
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. Share price alone doesn’t correlate with the company’s overall valuation. A stock priced at INR 20,000 can be undervalued and another at INR 200 can be overvalued. Proper valuation requires looking into various factors like P/E ratio, discounted cash flow, and other financial metrics.
In conclusion, looking at the top 10 most expensive stocks in India gives us some insights into the Indian stock market. Investors should do thorough research and analysis before investing to align with their financial goals and risk appetite.
Happy Investing!
Frequently Asked Questions
Which is the costliest stock in India?
Elcid Investments is the most expensive share in India in price terms, trading at INR 1,34,500 as of 2 April 2025.
Why is the MRF stock price so high?
One of the factors contributing to the high share price of MRF is the fact that, unlike Infosys and many other companies, the company has never divided its stock.
Are high-priced shares risky to invest in?
In contrast to other inexpensive shares, costly shares may have a substantially lower risk. The state of the market is not likely to have an impact on them.
What is the second most expensive stock?
MRF is the second highest stock price in India among Tyres, trading at INR 1,14,919 as of 2 April 2025 at a PE ratio of 27.8.