NEW DELHI: As MRF shares crossed the Rs 1 lakh benchmark on Tuesday, let's take a look at other stocks on Dalal Street with the highest price tags. Market data shows that there are at least 15 other securities trading at prices above Rs 10,000.
Shares of MNC Honeywell Automation India are second on the list with a price tag going above Rs 41,000. Top stock picker Saurabh Mukherjea-owned Page Industries is the third most highly-priced stock and was trading near Rs 38,000.
Other stocks priced above Rs 20,000 are 3M India, Shree Cement, Nestle India, and Abbott India. Those selling between Rs 10,000 and Rs 20,000 are Bosch, Procter & Gamble Hygiene, Lakshmi Machine Works, Kama Holdings, Polson, Tasty Bite Eatables, The Yamuna Syndicate, ZF Commercial Vehicle Control Systems, and Bombay Oxygen Investments.
Out of them, 3 stocks - Polson, The Yamuna Syndicate, and Bombay Oxygen Investments - have market capitalisation below Rs 500 crore.
In India, fractional trading isn't permitted which means that the minimum quantity that you have to buy is one stock. In the US, where fractional shares can be bought and sold, Berkshire Hathaway is one example of a stock trading in 6 digits.
Many new investors often confuse the price of a stock with that of its value.
"The stock price should not be the only criterion to decide whether the stock is expensive or is available at a throw-away price. Embedded value in that counter is an important factor that helps one to make an informed decision. Most of the time people neglect this rule and go for the stocks that are available cheap," Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities, told ETMarkets.
Analysts point out that the value of a stock depends on several factors like market capitalization, price-to-earnings (P/E) ratio, earnings, and growth prospects. Market capitalization considers a company's total value by multiplying its stock price by outstanding shares. The P/E ratio compares a company's share price to its per-share earnings, indicating its expected growth or lack thereof.
A stock with a high price may be justified by strong earnings and future growth prospects, said Sonam Srivastava of Wright Research.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
FAQs
The company spends a large amount of money on advertising itself so that people know about its products. The price of MRF shares remains high because people still want to buy its products. Since the demand for these products remains high, the price of MRF shares remains high as well.
Which stock is above Rs 10000? ›
Those selling between Rs 10,000 and Rs 20,000 are Bosch, Procter & Gamble Hygiene, Lakshmi Machine Works, Kama Holdings, Polson, Tasty Bite Eatables, The Yamuna Syndicate, ZF Commercial Vehicle Control Systems, and Bombay Oxygen Investments.
Who owns most MRF shares? ›
MRF
- Retail And Others. 41.91%
- Promoters.
- Foreign Institutions. 19.74%
- Mutual Funds.
- Other Domestic Institutions. 4.06%
Avoiding Short-Term Trading Volatility
Splitting shares can sometimes increase short-term trading volatility as smaller individual investors enter the market. By not splitting its shares, MRF may aim to minimise short-term price fluctuations and maintain a more stable trading environment.
Who is the biggest investor of MRF? ›
Shareholders
| Name | Equities | % |
|---|
| Kotak Mahindra Asset Management Co. Ltd. 1.750 % | 74,202 | 1.750 % |
| The New India Assurance Co. Ltd. (Investment Portfolio) 1.542 % | 65,408 | 1.542 % |
| Kmmmf Pvt Trust 1.260 % | 53,435 | 1.260 % |
| Government of India 1.036 % | 43,930 | 1.036 % |
6 more rowsYes it is. Some may say considering the stock price, it is overvalued. But remember they said the same when the stock was trading on 40k levels,it later crossed 70k levels. MRF is a well known company and needs no introduction.
How to turn $1 000 into $10 000 stocks? ›
There's no easy way of turning $1,000 into $10,000. The average stock market return is about 10% per year, according to SmartAsset. At that rate it would take 24 years to amass $10,000. You can speed up the process by adding to your original investment.
Which share is costly in India? ›
What is the highest share price in India? The most expensive share in India is MRF Ltd (Madras Rubber Factory Limited). Its share price is Rs. 1,40,997.25 as of 23rd January 2024.
What is the most valuable stock in India? ›
1). MRF. MRF's full form is Madras Rubber Factory MRF is the first Indian share that crosses the 1 lakh per share mark and MRF is the costliest share in India currently trading at 1,28,958 INR on NSE and BSE as of April 25, 2024.
Who owns MRF now? ›
At that time Mammen Mappillai owned a small company where he used to make balloons and then he himself used to sell them street by street. At that time, who knew that one day K. M Mammen Mappillai would become the owner of MRF, one of the leading tyre manufacturing companies in the world.
MRF was founded by K.M. Mammen Mappillai (KM), who was born in a Syrian Christian family based in Kerala, with 9 other siblings.
Which country owns MRF? ›
MRF or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. It is headquartered in Chennai, Tamil Nadu, India.
What is the dividend of MRF 2024? ›
For the year ending March 2024 MRF has declared an equity dividend of 2000.00% amounting to Rs 200 per share. At the current share price of Rs 127595.70 this results in a dividend yield of 0.16%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
What is the price of MRF share in 2030? ›
MRF Share Price Target 2030 is predicted to remain between Rs 476,437 and Rs 213,110. What is the NSE MRF Share Price Target 2024? MRF Share Price Target 2024 is between Rs 169,551 and Rs 129,606.
How much dividend does MRF pay? ›
In the quarter ending December 2023, MRF Ltd has declared dividend of ₹3 - translating a dividend yield of 0.14%.
Which is the no. 1 expensive share in India? ›
What is the highest share price in India? The most expensive share in India is MRF Ltd (Madras Rubber Factory Limited). Its share price is Rs. 1,40,997.25 as of 23rd January 2024.
What is the future of MRF? ›
Future Growth
MRF is forecast to grow earnings and revenue by 7.9% and 8.2% per annum respectively. EPS is expected to grow by 7.6% per annum. Return on equity is forecast to be 12.3% in 3 years.
What is the future prediction of MRF? ›
MRF Share Price Target 2030 is predicted to remain between Rs 476,437 and Rs 213,110. What is the NSE MRF Share Price Target 2024? MRF Share Price Target 2024 is between Rs 169,551 and Rs 129,606.
Why are some stock shares so expensive? ›
The stock's price only tells you a company's current value or its market value. So, the price represents how much the stock trades at—or the price agreed upon by a buyer and a seller. The stock's price will climb if there are more buyers than sellers. If there are more sellers than buyers, the price will drop.
