Apple Inc has released iPhone X over a staggering price of Rs 1 lakh. We take a look at some of the costliest stocks in India which you can buy under Rs 1 lakh such as MRF, Eicher Motors. Further, the same amount could get you over 100 shares of RIL.
Apple Inc had released a line of new products at the 10th anniversary of iPhone ranging from all new iPhones to Apple Watch and TV. Apple launched the much awaited iPhone 8, iPhone 8 plus and iPhone X in its latest event held yesterday at Steve Jobs Theater in the United States. Apple iPhone X (64GB model) will be priced at Rs 89,000 while the 256GB version of iPhone X will be available at Rs 102,000 in India.
Well, most of the people might be wondering to buy iPhone X for Rs 1 lakh but here are some of the costliest stocks on Indian bourses which one can buy for 1 lakh or lesser. Some people might be refraining themselves to buy the most expensive stocks because of their high prices such as MRF, Eicher Motors, Bosch, Shree Cements Page Industries.
You can buy at least 1 share of the costliest stock — MRF, which is last traded for a price of Rs 64,425.2 and you can buy 3 shares of Eicher Motors (LTP: Rs 32,184) under Rs 1 lakh. Other expensive stocks which you can buy for Rs 1 lakh include — at least 4 shares of Bosch (LTP: Rs 21,980); at least 5 shares of Shree Cements (LTP: Rs 18,782.55); similarly you can own at least 5 shares of Page Industries (LTP: Rs 18,615).
Interestingly, for the same amount you can own about 117 shares of India’s most valued company — Reliance Industries, which is currently traded at Rs 853.4. By buying the stock of Reliance Industries, you will not only be a shareholder in India’s largest company, but also the owner of an appreciating asset, as according to several brokerages RIL’s share price will likely continue to rise.
Today itself, RIL shares surged as much as 3.6% to an all-time high of Rs 853.4 on NSE. Research analysts feel that the last eight-nine years of the capital expenditure cycle for the company has come to an end now, and will be going forward yield huge cash flows. On the other hand, iPhone X is a depreciating asset, which, in all likelihood, will fetch you much lesser money upon resale. The much-awaited smartphone Apple iPhone 8 price in India will start at Rs 64,000 for the 64GB version. Just like the previous models, Apple has kept the price on the higher end. While the 64GB version is available for Rs 64,000, you will have to pay Rs 77,000 for the 256GB variant.
The Apple iPhone 8 Plus India price starts at Rs 73,000 for the 64GB version, while the 256GB version will cost Rs 86,000. While it was already confirmed that both these phones will go on sale from September 29 in the Indian market, the pre-booking dates are also out.