Indian equities have corrected nearly 30 per cent from their Jan high amid COVID-19 pandemic. But in spite of correction, few companies share prices are still expensive to buy a single share also.
Retail investors often avoid buying shares which are priced high.
Let shave a look on the most expensive share to add to the portfolio:
Individual share of MRF is trading at 58,200 and is the most expensive stock in India.
the company is engaged in tyres and allied manufacturing.
Though it is trading way below its Highest price in a year of 73,565.7 achieved on 5 feb 2020; share has bounced back from March low of 48,915.1.
At current price the company is having a market cap of 24,683.45 crores
P/E of MRF is 24.19 while sectoral P/E is 19.11.