Most Expensive Stocks: The stock market is a place where thousands of shares are traded daily. There are shares in the market ranging from Rs 5-10 to Rs 85 thousand. That is, there are some expensive stocks in which it is not easy for everyone to invest. It is to be noted here that stock price and stock valuation are two different things. Stock price means the price at which the stock is trading in the market at the present time. At what price can you buy it? Can say at which price the share is being traded. Share price can change several times in intraday itself. It can be seen to decrease rapidly.
But the valuation of a share is different from the stock price. The valuation of the stock gives a true picture of the actual worth of that company. It is not that if the share price is low or high, then its valuation is also more or less than the Pierce companies. It may be that a stock with a price of Rs 1000 is an undervalued share compared to a share of Pierce Company with a price of Rs 500. At present, we are giving information about 5 such stocks, whose prices are among the highest priced stocks. The price in this is based on the high in Introde on 23 March.
MRF
Share Price: Rs 85000
Madras Rubber Factory (MRF) is a tire making company, whose stock is the most expensive. The current price of one share of MRF is around 85000 rupees. The company’s stock was listed on the stock market in April 1993. Then the share price was 11 rupees. That is, the stock has given returns of close to 8000 times since listing. The stock has increased the money of investors by about 2.25 times even in 5 years. MRF has a market cap of Rs 35868 crore and is trading at 22.09 P / E ratio. The 52-week high of the stock is Rs 98,600 and the 52-week low is Rs 49,915.
Honeywell Automation
Share Price: Rs 45245
The share of Honeywell Automation is second in the list. The current price of the share is Rs. 45245. Honeywell Automation India Limited is a company providing integrated automation and software solutions. The stock of this company has given more than 5 times returns in the last 5 years. The company’s market cap is Rs 39544 crore. While the stock is trading at 83.99 P / E ratio. The 52-week high of the stock is Rs 49,990 and the 52-week low is Rs 20,149.
Page Industries
Share Price: Rs 30,900
The share of Page Industries is at number three in this list. The share price is 30900 rupees. The 52-week high of the stock is Rs 32206 and the 52-week low is Rs 16254. The company’s market cap is Rs 34191 crore. It is trading at 134 P / E ratio. Page Industries is a company that manufactures and sells inner wear, lounger and socks in India. The most popular brand of this company is Jockey. In the last 5 years, this stock has given about 2.5 times returns.
Shree Cement
Share Price: Rs 28500
The share of Shree Cement is at number three in the list. The current price of the share is Rs 28500. Shree Cement is a Rajasthan based cement making company. It is a leading cement manufacturing company in North India. The company produces and sells electricity under the names Mr. Power and Mr. Mega Power. The stock of this company has given returns close to 2.2 times in the last 5 years. The company’s market cap is about 1.02 lakh crore rupees. While the stock is trading at 43.42 P / E ratio. The 52-week high of the stock is Rs 29,090 and the 52-week low is Rs 15410.
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3M India Ltd.
Share Price: Rs 28200
3M India Ltd. America’s 3M is a subsidiary of the company, which is listed on the stock market. 75 per cent of its stake is with its parent company of America. The company manufactures a wide range of products in areas such as dental cement, health care, cleaning. The price of one share of this company was Rs 28,200 on 23 March. In the last 5 years, this stock has given a return of about 2.6 times. The company’s market cap is around Rs 31529 crore. While the stock is trading at 191.69 P / E ratio. The 52-week high of the stock is Rs 28,640 and the 52-week low is Rs 15,700.
(Note: We have given the information here based on the performance of the company’s stock. Seeing the risk of the market, take the opinion of the experts before investing.)