What is CMP in the Stock Market?
In previous times, the stock market was a physical space that traders set up offices and desks at, and stocks, shares and bonds were traded in physic…
11 May, 2021
7 min read
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The stock market has something to offer for everyone who is looking to invest. Some stocks can cost you a few hundred rupees, while others might be selling at just Rs 10 a share.
However, there are some stocks that are known for trading at notoriously high prices. These might even be in the 10-20,000 range, and some of these stocks have maintained their high price for years.
But why do we pay attention to expensive shares at all? Well, for starters, some of these stocks have a strong track record, and have beaten the market by big margins during the history of Indian stock market. For example, the ten most expensive shares listed on BSE outperformed the index by 136 percentage points during a period between 2014-2015. Some analysts that studied the US stock market have also demonstrated the fact that expensive stocks are usually also some of the superior ones that add both stability and a high growth factor to the portfolio.
That’s why we are looking at some of them. CHeck out the most expensive shares that you can currently buy in the Indian stock markets.
MRF Tyres
Known for manufacturing automobile tyres across the country, MRF Tyres has maintained a strong brand image by associating itself with one of the leading cricketers in Indian history - Sachin Tendulkar. The stock has more than doubled in the last five years, and is trading at Rs. 77,712 at the time of writing!
Bosch Ltd.
An engineering and heavy industrials company headquartered in Germany, Bosch Ltd. has a strong presence in India too. This company was founded in 1951, and has since then, established itself across the globe as a technology leader in the manufacturing industry. Currently, Bosch Ltd. is trading at Rs. 13,574 - down from Rs. 19,000+ levels from five years ago.
Shree Cements
Headquartered in Kolkata, Shree Cements supplies powdered cement across the country, and has posted annual revenues upwards of 13,000 crores. It’s share was trading around Rs. 12,000 five years ago. Since then the prices have shot up by over 133%, and it is currently trading at Rs. 28,426.
Honeywell Automation
Honeywell Automation India Ltd., also known as HAIL, is a leading industrial technology company that provides its services and products in the aerospace, automotive, manufacturing, building, and other related industries. The company has grown by over 350% over the last five years, and is currently trading upwards of Rs. 43,300.
3M India
Known for its tech-intensive approach to work, this company headquartered in India caters to a variety of industries - from F&B to healthcare and manufacturing to household items. Its share is currently trading at Rs. 25,000+, and the company has posted close to 100% growth over the last five years. You might even have had a close touch with this company, because it is famous for selling some of the finest duct ta[es, double sided tapes, and command hooks!
Nestle India
If you have lived in India, chances are that this company doesn’t need to be introduced to you - a famous dairy, food and beverages company, Nestle India was founded in 1959 in India. This homegrown company has posted 200%+ growth over the last five years, and its shares are currently trading at Rs. 16,510.
Page Industries
This company is also headquartered in India, and sells longwear, innerwear, and other textile products to other businesses. Its shares were trading at Rs. 13,000 levels in 2016, and peaked above Rs. 34,000 in the August of 2018. Since then, the company has crashed hard during the COVID pandemic, and is steadily making its way to recovery. Currently, it is trading at Rs. 29,863.
Tasty Bite Eatables
You can probably guess that this is yet another food and beverages company. It was started in the US, and has steadily expanded its business to countries in Europe and Asia Pacific regions too. Over the last five years, its share price has almost quadrupled, and it is currently trading at Rs. 16,700.
Bombay Oxygen Investments
This company is known for two simultaneous specialties - first, it manufactures and supplies gases like Oxygen, Carbon Dioxide, Nitrogen and Argon to other businesses, and second, it makes investments of its own! This company was trading above Rs. 5,600 five years ago, and has since then, grown by almost 300%. Currently, it is trading at Rs. 20,048.
How do shares become so expensive?
Some shares are basically issued at a relatively high price, in order to attract stable capital from the market. When these companies continue to grow, their share prices increase. However, many companies do not perform a stock split, and their share prices continue to reach ever higher prices. Investors should understand that stock splits, that reduce the price of shares by a whole number factor, do not affect or tell us much about the growth figures of a company.
Are you considering investing in any of these expensive stocks that are currently trading in India? Then keep one factor in mind - past performance of a company does not predict its future performance. The only thing that will help you make informed forecasts is thorough technical and fundamental analysis.
Looking for market intelligence, or information about how the stock market functions? Then log on to www.angelbroking.com to find out more!
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