Does industry affect the stock price?

the stock price is influenced by a multitude of factors. i am not sure what you mean by 'high price' but I assume you mean high P/E ratio? If so, yes, the industry a company operates will be a factor any investor will consider and therefore it would impact the stock price. companies in industries perceived as having a lot of potential for development will have a higher P/E ratio than the ones operating in a stable or declining industry as investors expect a fast growing of the profits and thus a reduction in P/E