Investors often scour the stock market seeking 'Multibagger Stocks'—gems that can turn modest investments into hefty returns. Yet, most miss out on profits through affordable shares, while elusive high-priced ones tend to slip past everyday investors. Venture into a realm where a single stock can command prices running into the lakhs.
Today, let's shed light on 5 Indian companies whose stock prices will absolutely astound you. Topping the expensive shares list is a tire manufacturer whose stock price exceeds ₹1 lakh.
1. MRF Stock:
The MRF tire company boasts the most expensive stock in India, with a current share price of ₹1,31,830. Over the past month, this share has seen an 11.93% downturn but has yielded a 21.12% return over six months. Over the year, this tire manufacturer’s share has delivered an impressive 57.42% return, marking MRF as a leading name in tire production.
2. Honeywell Automation India Stock:
Honeywell Automation India holds the second spot for the priciest share in the Indian stock market. Its stock is currently valued at ₹37,199, witnessing a 7.47% or ₹3,000 per share drop over the last six months, yet delivering a 70.04% return over five years.
3. Page Industries Share:
The stock of Page Industries ranks third among the most high-priced shares, valued at ₹34,090 currently. It has dropped by 13.72% or ₹5,421 in the last six months, while it awarded a 43.86% return over the past five years.
4. 3M India Share:
Next on the list of expensive stocks is 3M India. Shares are currently trading at ₹30,245.85, with a 52-week high of ₹39,876.10 per share. In the last year, 3M India shares have given a substantial 33% return to investors.
5. Shree Cement Share:
Shree Cement’s shares, occupying the fifth place, are currently trading at ₹25,217. Despite a modest 0.30% return over the past year, Shree Cement shares have surged by 39.19% over five years.
Note:
Always seek advice from market experts before any investment in the stock market.
