By and large the vast majority of the offers in the Indian stock market trade at an offer cost underneath Rs 1,000. Besides, around 3500 companies recorded on the Indian stock market have an offer cost of not as much as Rs 500 for every offer.
Notwithstanding, there are a couple of stocks that trade at a cost in products of thousands of rupees.
The offer cost of a company doesn’t have anything to do with the company’s valuation. Indeed, even a company with an offer cost of Rs 2,000 can be underestimated compared to its friends, and a company with an offer cost of Rs 100 can be exaggerated.
For investors like you and me, it very well may be somewhat hard to purchase those stocks that trade at an extremely exorbitant cost yet keeping a tab on them is as yet fascinating.
1 – MRF
Madras Elastic Processing Plant (MRF) is a tire maker that creates a great many tires. It has some expertise in vehicle and bicycle tires, truck/transport tires, and so on.
Right now, MRF has the most elevated divide cost in India between every one of the recorded companies on BSE/NSE. The unsurpassed high offer cost of MRF is Rs. 1,02,965.00. The stock is as of now exchanging at a united PE of 56.42 and has given an arrival of 22.04% over the most recent 1 year as of April 2023.
MRF has never divided its portion and has a presumptive worth of Rs. 10. Observably, this company was exchanged for Rs. 10,000 in November 2012.
2 – Page Industries
Page Industries works in the material business and is an Indian producer and retailer of innerwear, loungewear, and socks. One of the well-known brands under Page Industries is Rider (clothing and innerwear).
This stock has ended up being a multi-bagger stock over the most recent few years and has given an arrival of more than 1087% over the most recent decade.
3 – Honeywell Automation
Honeywell Automation India Ltd, a piece of Honeywell group, USA and is a forerunner in giving coordinated automation and software solutions. It has a wide product portfolio in ecological and combustion controls, detecting and control, and so forth.
Honeywell stock has given an arrival of more than 39% over the most recent 5 years as of April 2023. It is presently exchanging at a PE of 87.44
4 – Shree Cements
Shree Concrete is an Indian concrete producer settled in Kolkata. This Indian concrete producer company was established in Beawar, Ajmer area, Rajasthan, in 1979. Shree Concrete is the greatest concrete creator in northern India and delivers and sells power under the name Shree Power and Shree Super Power.
Shree Concrete is presently exchanging at a PE of 68.02 and has given an arrival of – 7.80% over the most recent 1 year as of April 2023.
5 – Abbott India
Settled in Mumbai, Abbott India Limited is a Drug and Medication company. It is a publicly recorded company and an auxiliary of Abbott Labs that invests heavily in offering excellent believed meds in various remedial classifications like ladies’ wellbeing, gastroenterology, cardiology, metabolic problems, and essential consideration.
It is as of now exchanging at a PE of 52.26. This stock has given an arrival of more than 27% over the most recent 1 year.
6 – 3M India
3M India Ltd is the auxiliary recorded company of 3M Company USA in India. 3M Company USA holds a 75% value stake in the company. It has an expanded arrangement of products in dental concrete, medical services, cleaning, and so forth.
This stock is at present exchanging at a PE of 69.64 and has given an arrival of – 27% over the most recent 1 year as of April 2023.
7 – Nestle India
Nestle India is in the food handling industry and is the company with the most elevated market cap in this rundown of costliest offers in India. Nestle has a wide assortment of products like Maggi, Unit Kat, Nescafe, Consistently, and so on. It is the Indian auxiliary of Nestlé which is a Swiss global company.
This stock has given a 12.64 return somewhat recently as of April 2023 and is at present exchanging at a PE of 86.97.