Stock / Share Market
by 5paisa Research Team Last Updated: 2022-06-02T13:18:43+05:30

Introduction

One of India's most expensive stocks is that of the Madras Rubber Factory (MRF). You'll be astonished by MRF's development. The business was founded in 1946 as a toy balloon manufacturing company in Madras by Mr. K.M. Mammen Mappillai.

MRF's share price was Rs.11 when it launched its IPO in 1990, and it just surpassed the INR 95,000 mark per share mark. INR 73,880 is the company's stock's current market value.

Award-winning MRF Tyres is a worldwide tire manufacturer. Sport (Car Race) and sponsorship are two areas where it's active (and well-known). It's amazing how these little businesses have grown into some of India's most valuable investment opportunities.

Aside from MRF, there are a number of stocks that may be deemed expensive as far as their share prices are concerned. This post lists the 5 most expensive stocks that you can buy in the Indian stock market.

5 Most Expensive Shares You Can Buy in India

1. MRF

Madras Rubber Factory is referred to as MRF for short. It all began in the backyard of Mr. K. M. Mammen Mappillai in Madras, Tamil Nadu, as a modest toy manufacturing facility. This rubber balloon factory with only $14,000 in the capital was still producing balloons as well as contraceptives and toys by the time it was sold in 1949.

This tiny toy factory became a multinational conglomerate with a sole emphasis on the tire industry. In terms of worldwide size, it is the fourteenth biggest tire manufacturer globally. Indian tire manufacturing was completely reliant on foreign imports prior to the mid-1930s, and there was no local market for the product.

Companies began to emerge and expand throughout the 1930s, as the decade came to a close. MRF has not only raised the bar for the tire industry but has also ushered in a number of new technological developments. There are contributions in automotive, paint, sports accessories, military and toy production from this brand's growth as a business.

2. Honeywell Automation India Limited

Honeywell automation is a division of Honeywell USA., which is a multinational corporation. The company's headquarters are in California, but it maintains nine offices in India, in Mumbai, Chennai, Kolkata, Jamshedpur, Pune, Baroda, Hyderabad, Bengaluru, and Gurgaon, in addition to one in the United States.

They operate on the premise that there is no need to wait for the future when you can create it. Tata Honeywell was a joint venture between Tata Group and Honeywell. In 2004, the business endeavor came to an end. The business is well-known in the software industry for its automated, cutting-edge solutions.

For many years, it has worked in the fields of combustion controls (including environmental controls) as well as integrated automation (including software solutions). The business has a market capitalization of about $350 million and is included on the Fortune India 500 list. For the benefit of the general public, it is traded on the NSE and the BSE.

3. Shree Cement Limited

Shree Cement was established in 1979 and is now a publicly-traded business on the Mumbai Stock Exchange (both BSE and NSE). Even though it was established in Ajmer, its main office is now in Kolkata. The business has expanded by orders of magnitude throughout the course of its existence, which now spans about four decades.

In terms of cement capacity, it's one of the top three firms in the sector. The business also ranks among the top 50 largest by market value, has a massive waste heat recovery facility, and recently bought the Union Cement Company of the United Arab Emirates for $305 million.

Many brands of cement are sold under the Shree Jung Rodhak, Bangur, and Rockstrong names. This firm is also involved in the energy business. Shree Power and Shree Mega Power are the company's power brand names.

The majority of the company's facilities are located in North and East India. In addition, it has a factory in the southern Indian state of Karnataka. The Indian cement industry is booming because of the government's drive for infrastructure development. This bodes well for the industry's future.

4. 3M India

In the past, Minnesota Mining and Manufacturing Company, an American multinational conglomerate, was the company's official name in India. 3M India's slogan is Science Applied to Life. The business is involved in a wide range of industries, but it is best recognized for its work in the healthcare, consumer, industrial, and energy sectors, where it manufactures and trades goods.

It sells goods to both companies and private individuals. It offers a broad selection of goods. Some of the most well-known items include Scotch-Brite, Scotch Tape, Scotchguard Glue, Post-It Notes, and so on. Businesses may choose from a wide variety of goods, including adhesives, surgical treatments, dental supplies, paint protection films, signage, and window films.

5. Page Industries

Jockey, a product of Page Industries, is well-known. It is the Indian and Sri Lankan licensee for Jockey International (USA) and Speedo. This business was established in 1994 by the Genomal family. On July 29, 2007, Page Industries went public on the NSE and BSE.

After becoming a publicly-traded business, the shares went from being worth 600 to being worth 18,305.65 today, making it the fifth-most valuable stock in India. They produce Jockey outerwear and innerwear for men as well as ladies in the following countries: Bangladesh; Sri Lanka; United Arab Emirates; Nepal.

With a total of 286 high-street locations, 98 shopping mall locations, and 384 exclusive brand shops, Jockey has a sizable presence in India (as of September 2017). In addition, it is the exclusive and exclusive licensee in India for the production, marketing, and distribution of Speedo goods.

Speedo is a manufacturer of high-quality swimwear with extensive experience. Speedo's mission is to motivate and excite individuals to join the Speedo swimming community. Speedo is the global leader in swimwear, with a share of more than 50%. Since its inception six years ago, Speedo India has grown to 1286 outlets in 86 locations throughout the country.

Additional shops are located in 18 cities throughout the country including 18 special brand stores in Mumbai and Chennai.

Conclusion

If you are mulling over the thought of investing in any of the above-mentioned stocks, be aware that the price of the stock isn’t an indicator of the stock’s quality. You must perform your own due diligence before taking the plunge and investing your hard-earned money.

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