The value of a stock depends on various factors depending on the reputation, sales, business and ultimately fundamentals like EPS, P/E, Book Value etc.
Some shares are also very expensive because there is no split in the face value of the shares and it has low equity base and low floating stock.
Here are 8 most expensive shares in India, which have given whopping returns to investors.
The most expensively traded share in India is MRF which is a tyre manufacturing company. The stock has a very low equity base, a high return on equity, a super dividend and bonus track record.
The stock price of MRF is Rs 32,027. The stock touched 52- week high at RS 46,405 in August 2015.
Click to read the history of the most expensive stock.
The second most expensive stock is Bosch and it is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
Again, like MRF the equity base is low with the equity capital at just Rs 31 crores and whopping profits.
Shares of the company are presently trading at Rs 22,072.
Click to know the quarterly results of the company.
3) Eicher Motors
EML is now a leading player in the Indian automotive space. It owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India.
In 2014, the stock price was around Rs 4,500 and now the stock is seen trading at Rs 18,858. The stock has rallied on super financials led by the Enfield brand.
4) Page Industries
Page Industry is a textile company popular and has a licensing brand for the Jockey brand. The stock has advanced to become 4th most expensive stock in the country.
Earlier, in 2014, the stock was seen trading around Rs 5,000 and is currently around Rs 14,400.
5) Shree Cements
It is a Cement manufacturing company as of now its manufacturing operations are spread over North and Eastern India across five states. The stock is seen trading at Rs 13,700.
It is surprising that a cement company is trading at these levels. Yet again low equity base is the key. The company has not split its shares so far.
6) 3M India
This is the sixth most expensive stock is trading at Rs 12,689 and has the solid 3M brand backing. Around the same time last year, the stock price was at Rs 8,000. 3M India is a diversified technology company serving customers and communities with innovative products and services.
There are five businesses that are committed to making customers lives easier and better.
7 Honeywell Automation
Honeywell also tops the list taking the 7th position. The company is listed in both NSE and BSE. The current market price is at Rs 8,980.
8) Bajaj Finance
Bajaj Finance is a finance company and one of the top lenders in the NBFC space in India. The current market price of stock is Rs 8,045.
The stock has been one of the star performers in the last 2-years, thanks to solid financial performance and a strong pedigree.