Zomato will be added to the prestigious BSE Sensex index on Monday, December 23, taking the place of JSW Steel. The Asia Index Private Ltd, a BSE subsidiary, announced this development in November 2024. Zomato’s inclusion in the elite BSE Sensex index marks a significant milestone for the company, driven by an outstanding year of growth and success for the company. According to the media reports, the company’s share price has skyrocketed with 126% returns so far in 2024, far exceeding the Sensex’s 10% growth this year.
The company’s shares have surged 350% in just two years, ending Friday at Rs 281.85 apiece on BSE, said the reports. Furthermore, Zomato’s addition to the Sensex index may attract $513 million in investments. Meanwhile, JSW Steel’s removal may lead to the withdrawal of $252 million.
Notably, the BSE Sensex 50 index is witnessing major changes, adding Zomato, Jio Financial Services, and Hindustan Aeronautics Ltd. Meanwhile, HDFC Life Insurance, Bharat Petroleum, and LTI Mindtree are the ousters for the index.
More About Zomato
- The company was listed on the Indian stock market on July 23, 2021.
- The company’s share closed with a decline of 2.29% at Rs 281.85 apiece on BSE on Friday.
- Zomato’s share opened at Rs 290.60 apiece on Friday. Meanwhile, shares hit an intraday high at Rs 290.60 and intraday low at Rs 274.05 apiece.
- 52-week high for the company’s share is Rs 304.50 apiece, hit on December 5, 2024.
- 52-Week low for its shares is Rs 120.25 apiece, hit on November 21, 2023.
- Currently, the company is listed on the BSE 100 index.
- The Market Capitalization of the Zomato is Rs 2,71,995.13 crore.
