Top 25 Most Expensive Stocks In India For September 2024 (2024)

Featured Partner Offer

1

Angle One

Account opening charges

INR 0 for first year

Brokerage

INR 0 on equity delivery

Benefits

Zero Commission on Mutual Fund Investments, 24/7 Order Placement

Sign Up Now

On Angleone’s secure website

2

m.Stock

Fees

INR 999 one-time fee

Brokerage

INR 0 brokerage for life

Benefits

No order limit, Paperless onboarding

Sign Up Now

On Mirae Asset’s secure website

3

BlackBull Markets

Multiple Award-Winning Broker

Listed On Deloitte Fast 50 index, 2022 Best Global FX Broker – ForexExpo Dubai October 2022 & more

Best-In-Class for Offering of Investments

Trade 26,000+ assets with no minimum deposit

Customer Support

24/7 dedicated support & easy to sign up

Sign Up Now

On BlackBull Market’s secure website

Overview Of Most Expensive Stocks in India

FEATURED PARTNER OFFER

MRF Ltd

Top 25 Most Expensive Stocks In India For September 2024 (1)

Current Price

1,36,911.70

High and Low Since One Year

1,51,445.00 / 1,04,807.00

PE Ratio

28.85

Top 25 Most Expensive Stocks In India For September 2024 (2)

Current Price

1,36,911.70

High and Low Since One Year

1,51,445.00 / 1,04,807.00

PE Ratio

28.85

Why We Picked It

MRF is a leading Indian tire manufacturer, renowned for its wide range of products including tires, tubes, and conveyor belts. It holds a dominant position in the market due to its extensive distribution network and a strong brand reputation. MRF has consistently delivered strong financial performance, backed by innovation and quality in its offerings.

Also read: Why MRF Share Price Is So High

FEATURED PARTNER OFFER

Honeywell Automation India Ltd

Top 25 Most Expensive Stocks In India For September 2024 (3)

Current Price

51,951.85

High and Low Since One Year

59,994.00 / 34,977.70

PE Ratio

85.15

Top 25 Most Expensive Stocks In India For September 2024 (4)

Current Price

51,951.85

High and Low Since One Year

59,994.00 / 34,977.70

PE Ratio

85.15

Why We Picked It

Honeywell Automation India is a leader in providing automation and control solutions in India. The company offers products and services in various sectors, including energy efficiency, building automation, safety, and security.

Honeywell Automation has a strong presence in industries such as oil and gas, chemicals, and manufacturing. Its stock price is high due to its leadership in the automation sector and its ability to innovate and adapt to changing market needs.

FEATURED PARTNER OFFER

Page Industries Ltd

Top 25 Most Expensive Stocks In India For September 2024 (5)

Current Price

40,205.85

High and Low Since One Year

42,922.00 / 33,070.05

PE Ratio

78.87

Top 25 Most Expensive Stocks In India For September 2024 (6)

Current Price

40,205.85

High and Low Since One Year

42,922.00 / 33,070.05

PE Ratio

78.87

Why We Picked It

Page Industries is the exclusive licensee of Jockey International in India, Sri Lanka, Bangladesh, Nepal, and the UAE. The company specializes in the manufacturing, distributing, and marketing of innerwear, loungewear, and sportswear.

Page Industries has become synonymous with premium innerwear in India and has grown strongly due to its brand strength and expanding consumer base. Its high stock price reflects its status as a leading player in the Indian apparel market.

FEATURED PARTNER OFFER

3M India Ltd

Top 25 Most Expensive Stocks In India For September 2024 (7)

Current Price

37,439.80

High and Low Since One Year

40,856.50 / 26,628.00

PE Ratio

68.40

Top 25 Most Expensive Stocks In India For September 2024 (8)

Current Price

37,439.80

High and Low Since One Year

40,856.50 / 26,628.00

PE Ratio

68.40

Why We Picked It

3M India, a subsidiary of the global conglomerate 3M, operates across various sectors, including industrial, healthcare, consumer, and safety and graphics. Known for its innovative solutions, 3M India has a diverse product portfolio includes adhesives, abrasives, and medical products, reflecting its strong commitment to research and development.

FEATURED PARTNER OFFER

Bosch Ltd

Top 25 Most Expensive Stocks In India For September 2024 (9)

Current Price

32,018.70

High and Low Since One Year

36,678.00 / 17,931.15

PE Ratio

36.85

Top 25 Most Expensive Stocks In India For September 2024 (10)

Current Price

32,018.70

High and Low Since One Year

36,678.00 / 17,931.15

PE Ratio

36.85

Why We Picked It

Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. The company has a strong presence in the automotive sector, providing vehicle electrification, safety, and automation solutions.

Bosch’s commitment to innovation and sustainability has helped it maintain its leadership position in India. The company’s stock price is high due to its strong market presence and consistent performance.

FEATURED PARTNER OFFER

Why We Picked It

Abbott India Ltd, a global healthcare giant Abbott subsidiary, focuses on pharmaceuticals and nutrition products. The company offers a wide range of high-quality, affordable medicines and is well-regarded for its consistent growth, driven by its robust portfolio in therapeutic areas like gastroenterology, women’s health, and cardiology.

FEATURED PARTNER OFFER

Shree Cement Ltd

Top 25 Most Expensive Stocks In India For September 2024 (13)

Current Price

24,296.60

High and Low Since One Year

30,737.75 / 23,451.00

PE Ratio

41.44

Top 25 Most Expensive Stocks In India For September 2024 (14)

Current Price

24,296.60

High and Low Since One Year

30,737.75 / 23,451.00

PE Ratio

41.44

Why We Picked It

Shree Cement is one of India’s top cement producers, with operations across several states. The company is known for its focus on sustainability, energy efficiency, and cost management, which has helped it achieve robust profitability.

Shree Cement also owns the IPL team Chennai Super Kings, adding to its brand visibility. Its stock is among the most expensive in India, reflecting its strong market position and growth prospects.

FEATURED PARTNER OFFER

Procter & Gamble Hygiene and Health Care Ltd

Top 25 Most Expensive Stocks In India For September 2024 (15)

Current Price

17,017.85

High and Low Since One Year

19,250.00 / 15,155.55

PE Ratio

74.26

Top 25 Most Expensive Stocks In India For September 2024 (16)

Current Price

17,017.85

High and Low Since One Year

19,250.00 / 15,155.55

PE Ratio

74.26

Why We Picked It

Procter & Gamble Hygiene and Health Care is a leader in the Indian FMCG sector, specializing in health and hygiene products. With popular brands like Whisper and Vicks, the company has a strong market presence and a legacy of consumer trust, supported by continuous product innovation and aggressive marketing.

FEATURED PARTNER OFFER

Dixon Technologies (India) Ltd

Top 25 Most Expensive Stocks In India For September 2024 (17)

Current Price

11,740.45

High and Low Since One Year

12,879.00 / 4,585.00

PE Ratio

158.42

Top 25 Most Expensive Stocks In India For September 2024 (18)

Current Price

11,740.45

High and Low Since One Year

12,879.00 / 4,585.00

PE Ratio

158.42

Why We Picked It

Dixon Technologies is a leading electronics manufacturing services (EMS) provider in India. The company is involved in designing, manufacturing, and distributing consumer electronics, home appliances, lighting products, and mobile phones. Dixon has been a major beneficiary of the Indian government’s push for local manufacturing and has seen rapid growth in recent years. Its high stock price indicates its expanding market share and future growth opportunities.

FEATURED PARTNER OFFER

UltraTech Cement Ltd

Top 25 Most Expensive Stocks In India For September 2024 (19)

Current Price

11,300.35

High and Low Since One Year

12,078.00 / 7,987.65

PE Ratio

46.34

Top 25 Most Expensive Stocks In India For September 2024 (20)

Current Price

11,300.35

High and Low Since One Year

12,078.00 / 7,987.65

PE Ratio

46.34

Why We Picked It

UltraTech Cement, a subsidiary of the Aditya Birla Group, is India’s largest manufacturer of grey cement, ready mix concrete, and white cement. The company has a strong domestic and international market presence, driven by its extensive production capacity, robust distribution network, and focus on sustainability.

FEATURED PARTNER OFFER

Hitachi Energy India Ltd

Top 25 Most Expensive Stocks In India For September 2024 (21)

Current Price

11,010.80

High and Low Since One Year

14,382.00 / 3,895.90

PE Ratio

271.38

Top 25 Most Expensive Stocks In India For September 2024 (22)

Current Price

11,010.80

High and Low Since One Year

14,382.00 / 3,895.90

PE Ratio

271.38

Why We Picked It

Hitachi Energy India, formerly known as ABB Power Products and Systems India Ltd, is a leading player in the power and energy sector. It provides innovative energy distribution and management solutions, focusing on renewable energy integration and digitalization, thus playing a crucial role in India’s energy transformation.

FEATURED PARTNER OFFER

Oracle Financial Services Software Ltd

Top 25 Most Expensive Stocks In India For September 2024 (23)

Current Price

10,564.10

High and Low Since One Year

11,443.60 / 3,868.80

PE Ratio

37.36

Top 25 Most Expensive Stocks In India For September 2024 (24)

Current Price

10,564.10

High and Low Since One Year

11,443.60 / 3,868.80

PE Ratio

37.36

Why We Picked It

Oracle Financial Services Software is a subsidiary of Oracle Corporation, which provides IT solutions to the financial services industry. The company offers a comprehensive suite of banking, insurance, and capital markets software, which helps financial institutions streamline operations, improve customer experience, and comply with regulatory requirements.

FEATURED PARTNER OFFER

Cera Sanitaryware Ltd

Top 25 Most Expensive Stocks In India For September 2024 (25)

Current Price

10,420.45

High and Low Since One Year

10,789.95 / 6,591.20

PE Ratio

56.47

Top 25 Most Expensive Stocks In India For September 2024 (26)

Current Price

10,420.45

High and Low Since One Year

PE Ratio

56.47

Why We Picked It

Cera Sanitaryware is a leading manufacturer of sanitaryware and bathroom solutions in India. Known for its innovative designs and high-quality products, Cera has a strong market presence with a diverse product range, including faucets, tiles, and wellness solutions, catering to residential and commercial segments.

FEATURED PARTNER OFFER

Solar Industries India Ltd

Top 25 Most Expensive Stocks In India For September 2024 (27)

Current Price

10,333.60

High and Low Since One Year

13,298.00 / 3,877.65

PE Ratio

100.56

Top 25 Most Expensive Stocks In India For September 2024 (28)

Current Price

10,333.60

High and Low Since One Year

13,298.00 / 3,877.65

PE Ratio

100.56

Why We Picked It

Solar Industries India is a prominent player in the explosives industry, specializing in manufacturing industrial explosives, initiating systems, and defense products. With a strong focus on safety and innovation, the company has established itself as a key supplier to sectors like mining, infrastructure, and defense in India and internationally.

FEATURED PARTNER OFFER

Tasty Bite Eatables Ltd

Top 25 Most Expensive Stocks In India For September 2024 (29)

Current Price

10,076.10

High and Low Since One Year

19,791.95 / 9,100.00

PE Ratio

145.71

Top 25 Most Expensive Stocks In India For September 2024 (30)

Current Price

10,076.10

High and Low Since One Year

19,791.95 / 9,100.00

PE Ratio

145.71

Why We Picked It

Tasty Bite Eatables is a leading manufacturer of ready-to-eat packaged foods in India. The company offers a wide range of products, including ready meals, sauces, and frozen foods, catering to domestic and international markets. Known for its focus on natural and organic ingredients, Tasty Bite has built a strong brand reputation, particularly in the health-conscious consumer segment.

FEATURED PARTNER OFFER

Bajaj Auto Ltd

Top 25 Most Expensive Stocks In India For September 2024 (31)

Current Price

9,765.95

High and Low Since One Year

10,038.80 / 4,541.00

PE Ratio

33.62

Top 25 Most Expensive Stocks In India For September 2024 (32)

Current Price

9,765.95

High and Low Since One Year

10,038.80 / 4,541.00

PE Ratio

33.62

Why We Picked It

Bajaj Auto is one of India’s leading motorcycles, scooters, and three-wheelers manufacturers. The company is known for its popular brands like Pulsar, Avenger, and RE. With a strong presence in both domestic and international markets, Bajaj Auto is a key player in the two-wheeler and three-wheeler segments, driven by its focus on innovation, quality, and cost-efficiency.

FEATURED PARTNER OFFER

Bajaj Holdings & Investment Ltd

Top 25 Most Expensive Stocks In India For September 2024 (33)

Current Price

9,454.10

High and Low Since One Year

10,075.00 / 6,627.90

PE Ratio

14.02

Top 25 Most Expensive Stocks In India For September 2024 (34)

Current Price

9,454.10

High and Low Since One Year

10,075.00 / 6,627.90

PE Ratio

14.02

Why We Picked It

Bajaj Holdings & Investment Ltd is an investment company and a part of the Bajaj Group. It holds strategic stakes in various group companies, including Bajaj Auto, Bajaj Finserv, and Bajaj Electricals. The company primarily focuses on managing its investment portfolio, which includes equity investments, fixed-income securities, and other financial instruments, contributing to the overall growth of the Bajaj Group.

FEATURED PARTNER OFFER

Bengal & Assam Company Ltd

Top 25 Most Expensive Stocks In India For September 2024 (35)

Current Price

9,357.20

High and Low Since One Year

10,388.95 / 4,850.00

PE Ratio

2.69

Top 25 Most Expensive Stocks In India For September 2024 (36)

Current Price

9,357.20

High and Low Since One Year

10,388.95 / 4,850.00

PE Ratio

2.69

Why We Picked It

Bengal & Assam Company is a diversified investment holding company, with interests in various sectors through its subsidiaries and associate companies. The company’s portfolio includes investments in industries such as textiles, cement, and automotive components. It plays a significant role in managing and nurturing the investments of the J.K. Organization, a prominent Indian industrial group.

FEATURED PARTNER OFFER

Maharashtra Scooters Ltd

Top 25 Most Expensive Stocks In India For September 2024 (37)

Current Price

9,294.60

High and Low Since One Year

9,527.00 / 5,610.10

PE Ratio

49.46

Top 25 Most Expensive Stocks In India For September 2024 (38)

Current Price

9,294.60

High and Low Since One Year

9,527.00 / 5,610.10

PE Ratio

49.46

Why We Picked It

Maharashtra Scooters, a joint venture between the Maharashtra State Government and Bajaj Auto, was originally set up to manufacture scooters. However, its operations have since diversified, with a significant portion of its income now derived from investments in the shares of group companies, particularly Bajaj Auto and Bajaj Finserv.

FEATURED PARTNER OFFER

Saraswati Commercial (India) Ltd

Top 25 Most Expensive Stocks In India For September 2024 (39)

Current Price

9,282.90

High and Low Since One Year

10,508.15 / 2,350.50

PE Ratio

8.94

Top 25 Most Expensive Stocks In India For September 2024 (40)

Current Price

9,282.90

High and Low Since One Year

10,508.15 / 2,350.50

PE Ratio

8.94

Why We Picked It

Saraswati Commercial (India) is an investment company that buys, sells, and deals in shares, stocks, and securities. The company focuses on managing its investment portfolio, which includes equity investments and other financial instruments, aiming to generate returns through strategic investments.

FEATURED PARTNER OFFER

Hawkins Cookers Ltd

Top 25 Most Expensive Stocks In India For September 2024 (41)

Current Price

8,710.00

High and Low Since One Year

9,099.00 / 5,810.05

PE Ratio

39.19

Top 25 Most Expensive Stocks In India For September 2024 (42)

Current Price

8,710.00

High and Low Since One Year

9,099.00 / 5,810.05

PE Ratio

39.19

Why We Picked It

Hawkins Cookers is a well-known Indian manufacturer of kitchen appliances, particularly pressure cookers. The company has a strong brand presence with a reputation for quality and durability. Hawkins offers a range of pressure cookers, cookware, and other kitchen products, catering to domestic and international markets, and is a household name in India.

FEATURED PARTNER OFFER

Force Motors Ltd

Top 25 Most Expensive Stocks In India For September 2024 (43)

Current Price

8,404.25

High and Low Since One Year

10,277.85 / 2,685.05

PE Ratio

24.96

Top 25 Most Expensive Stocks In India For September 2024 (44)

Current Price

8,404.25

High and Low Since One Year

10,277.85 / 2,685.05

PE Ratio

24.96

Why We Picked It

Force Motors is an Indian automotive manufacturer known for its expertise in producing commercial vehicles, multi-utility vehicles, and agricultural tractors. The company has a strong presence in the Indian automotive sector and popular models like the Traveller and Trax. Force Motors is known for its engineering and manufacturing capabilities, including producing engines and axles for leading global automotive brands.

FEATURED PARTNER OFFER

Apar Industries Ltd

Top 25 Most Expensive Stocks In India For September 2024 (45)

Current Price

8,278.00

High and Low Since One Year

9,659.90 / 3,900.00

PE Ratio

40.10

Top 25 Most Expensive Stocks In India For September 2024 (46)

Current Price

8,278.00

High and Low Since One Year

9,659.90 / 3,900.00

PE Ratio

40.10

Why We Picked It

Apar Industries is a diversified industrial company engaged in the manufacturing of conductors, cables, and specialty oils. It is a leading supplier to the power and telecom sectors, both in India and globally. Apar Industries is known for its technological expertise, wide product range, and strong focus on innovation, which have helped it maintain a competitive edge in its core markets.

FEATURED PARTNER OFFER

Tata Elxsi Ltd

Top 25 Most Expensive Stocks In India For September 2024 (47)

Current Price

6,875.75

High and Low Since One Year

9,200.00 / 6,411.20

PE Ratio

53.92

Top 25 Most Expensive Stocks In India For September 2024 (48)

Current Price

6,875.75

High and Low Since One Year

9,200.00 / 6,411.20

PE Ratio

53.92

Why We Picked It

Tata Elxsi is a leading global design and technology services provider. The company operates in the automotive, media, communications, healthcare, and transportation sectors, offering design, product engineering, and digital services solutions. Tata Elxsi’s expertise in cutting-edge technologies like AI, IoT, and autonomous vehicles has made it a key player in the tech industry. Its stock price reflects its innovative capabilities and strong growth potential.

FEATURED PARTNER OFFER

Nestle India Ltd

Top 25 Most Expensive Stocks In India For September 2024 (49)

Current Price

2,504.70

High and Low Since One Year

2,769.30 / 2,145.00

PE Ratio

73.97

Top 25 Most Expensive Stocks In India For September 2024 (50)

Current Price

2,504.70

High and Low Since One Year

2,769.30 / 2,145.00

PE Ratio

73.97

Why We Picked It

Nestle India is a subsidiary of the global food and beverage giant Nestle. The company is known for its popular brands, such as Maggi, Nescafe, KitKat, and Milkmaid. Nestle India has a strong presence in the Indian market with a diversified product portfolio catering to various consumer needs. Its focus on innovation and quality has made it a household name in India. The high stock price reflects the company’s consistent performance and brand strength.

Featured Partner Offer

1

Angle One

Account opening charges

INR 0 for first year

Brokerage

INR 0 on equity delivery

Benefits

Zero Commission on Mutual Fund Investments, 24/7 Order Placement

Sign Up Now

On Angleone’s secure website

2

m.Stock

Fees

INR 999 one-time fee

Brokerage

INR 0 brokerage for life

Benefits

No order limit, Paperless onboarding

Sign Up Now

On Mirae Asset’s secure website

3

BlackBull Markets

Multiple Award-Winning Broker

Listed On Deloitte Fast 50 index, 2022 Best Global FX Broker – ForexExpo Dubai October 2022 & more

Best-In-Class for Offering of Investments

Trade 26,000+ assets with no minimum deposit

Customer Support

24/7 dedicated support & easy to sign up

Sign Up Now

On BlackBull Market’s secure website

Frequently Asked Questions (FAQs)

Which is the most expensive stock in India?

The most expensive stock in India is MRF Ltd, whose share price often exceeds INR 1 lakh per share. MRF is a leading tire manufacturer in India and is known for its consistent performance and strong market position.

What are the high-priced stocks to buy for the long term?

Here are some high-priced stocks in India that are considered suitable for long-term investment:

1. MRF Ltd – Known for its strong market position in the tire industry and consistent performance.

2. Page Industries Ltd – The exclusive licensee of Jockey International, offering steady growth in the apparel sector.

3. Shree Cement Ltd – A leader in the cement industry, known for its operational efficiency and market dominance.

4. Honeywell Automation India Ltd – A leader in automation and control solutions with robust long-term growth potential.

5. Nestlé India Ltd – A consumer goods giant with strong brand equity and consistent growth in the FMCG sector.

6. Bosch Ltd – A key player in the automotive components industry, known for its innovation and technological leadership.

7. Eicher Motors Ltd – Manufacturer of Royal Enfield motorcycles, offering a blend of heritage and strong growth prospects.

Who should invest in the top 10 priced shares?

Investing in the top 10 priced shares is best suited for:

1. High Net-Worth Individuals (HNIs): They can afford the high entry cost and can benefit from the stability and growth potential of these stocks.

2. Long-Term Investors: Those with a long-term horizon who seek stable returns and are willing to hold onto high-quality stocks.

3. Experienced Investors: Those with a deep understanding of the market and the ability to analyze company fundamentals.

4. Institutional Investors: Such as mutual funds and pension funds, looking for stable, high-value stocks to anchor their portfolios.

5. Risk-Averse Investors: Seeking safer investments in well-established companies with strong financials and market dominance.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Armaan JoshiEditor

Armaan is the India Lead Editor for Forbes Advisor. He has more than a decade’s experience working with media and publishing companies to help them build expert-led content and establish editorial teams. At Forbes Advisor, he is determined to help readers declutter complex financial jargons and do his bit for India's financial literacy.

Top 25 Most Expensive Stocks In India For September 2024 (2024)
Top Articles
Latest Posts
Recommended Articles
Article information

Author: Velia Krajcik

Last Updated:

Views: 5253

Rating: 4.3 / 5 (54 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Velia Krajcik

Birthday: 1996-07-27

Address: 520 Balistreri Mount, South Armand, OR 60528

Phone: +466880739437

Job: Future Retail Associate

Hobby: Polo, Scouting, Worldbuilding, Cosplaying, Photography, Rowing, Nordic skating

Introduction: My name is Velia Krajcik, I am a handsome, clean, lucky, gleaming, magnificent, proud, glorious person who loves writing and wants to share my knowledge and understanding with you.