Top 5 Most Expensive Shares In India 2022
.
Introduction
1. Thousands of companies are listed in the Indian stock market. There are over 2,012 companies listed on the NSE & 5,248, companies listed on the BSE, as of January 2022.
2. While most of the shares in the Indian Stock Market are available under Rs.1000 but there are some companies that are among the most expensive stocks in India.
3. While most companies enjoy such high prices because of their Brand Name and Strong Fundamentals but it may not be the case every time.
Top Five Most Expensive Stocks in India
Here are the Top Five Most Expensive stocks in India in the Stock Market and understand why their prices are as high as they are:1). 2).MRFPage Industries 3). Honeywell Automation India Limited (HAIL) 4). 3M India 5). Shree Cements Learn how to select stocks that will give you high returns in the stock market with Technical Analysis Course
● MRF's full form is Madras Rubber Factory
● MRF is the costliest share in India trading at Rs. 85,125 per share on BSE and Rs.84,356 on NSE as of September 6, 2022.
● MRF listed in Stock Market on April 27, 1993 and the MRF share closed at Rs. 11 per share.
Why MRF Share Price is High?
● Apart from being Fundamentally Strong company, Major reason is MRF haven’t split its shares since the company has been listed on the stock exchange.
● Another reason for the share price being this costly is the brand value MRF enjoys as a company because of its top-notch quality and durability.
The P/E ratio of MRF is 57.69 and the Industry P/E is 27.02 which signifies that MRF share is a bit on the expensive side but it is in the top 3 among its peers. Also, the company has a good cash flow and is virtually debt free.
1). MRF
2). Industries
● Page Industries is engaged in manufacturing garments and was incorporated in India in 1995 with an aim of bringing the innerwear brand Jockey to India.
● Currently, the company has two main brands Speedo and Jockey.
● Page Industries is the second most expensive share in India.
● Page Industries has the exclusive rights in India to manufacture, market, and distribute products of Jockey International USA under the brand name Jockey.
● Apart from India Page Industries has the rights to sell Jockey products in Sri Lanka, Bangladesh, Nepal, UAE, Oman, and Qatar.
● Distribution channel has plays the important role and page Industries have over 1,131 Exclusive Brand Outlets (EBO) all over India.
● Apart from that Jockey is sold in over 2,580 large format stores such as Lifestyles, Pantaloons, and Shoppers
Page
Stop.
3). Honeywell Automation India Limited (HAIL)
● HoneywellAutomation India Limited was established in 1984 and is a leading manufacturer and supplier of integrated automation products and software solutions which are extensively demanded products by various industries.
● In March 1993, the company was listed on the BSE at Rs. 211.50.
● As of September 5, 2022, and now it is among the Third most expensive share in India it is trading at Rs. 41,826 at NSE and 41,990 at BSE
● Honeywell Automation is in a better position to provide its services through its diverse business segments to various industries such as Oil and Gas, Chemical/ Petroleum, Airports, Transport, Defence and many more.
● The HAIL is almost debt free and has delivered good profit growth of 19.13% over the past five years.
● 3M India is not a brand that you must have heard of that often because it is mostly the brand behind other brands. It is a subsidiary of 3M USA. It operates in four segments: Safety and Industrial, Transportation & Electronics, Health Care, and Consumer.
● The safety and industrial sector provides Polyester, vinyl, foil, and specialty industrial tapes, scotch filament, scotch-making tapes, and packaging tapes.
● Health segment provides medical equipment and surgical devices such as skin and wound care, infection prevention products, and solutions.
● The transport and electronics segments provide services in personal protection products, brand and asset protection solutions, border control products, and many more
● whereas the Consumer segment offers home and office tapes, adhesives, and packaging protection under the Scotch brand.
● With over 60000 products in its portfolio, 3M India with its science-based technology and diverse products provides solutions in almost every industry.
● The 3M India is the fourth most expensive share and company is Debt Free.
4). 3M India
5). Shree Cements
● Shree Cements is one of India’s Leading players in the cement industry. It is third after Ultratech cement and Ambuja in terms of market capitalization.
● Shree Cements is one of the leading manufacturers of cement in North India and has carried out successful operations in Haryana, Punjab, Himachal, J&K etc.
● Shree Cement has also diversified its presence in the power sector with Shree Power and Shree Mega Power.
● Shree Cement has been able to maintain a good profit growth of 4.81% for the past 3 years and its debt has considerably decreased by 8,256 Cr.
Learn stock market Trading and Investing with Top stock market course in India
Thank You
StockDaddy
These are the top 5 most expensive stocks in India on the basis of their share prices. Though it is not necessary that they must be the best-performing stocks of India but all of them are fundamentally strong companies and enjoy a good brand value in their respective industries.
The Complete Stock Learning Platform Learn Stock Market Trading and Investing with StockDaddy Website: https://www.stockdaddy.in