Zomato To Join BSE Sensex Replacing This Stock - Details Here

Zomato To Join Sensex: Online food delivery giant Zomato is set to join the benchmark BSE Sensex index, with the inclusion taking effect from today, December 23. The change comes as part of the routine reconstitution announced by Asia Index Private Ltd, a subsidiary of BSE.  

Zomato’s addition to the 30-stock index marks a significant milestone for the company, which has witnessed a strong rally over the past year. In Q2 FY25, the company reported a 389 per cent surge in net profit, reaching Rs 176 crore, while revenue jumped 68 per cent year-on-year to Rs 4,799 crore. The gross order value from its B2C businesses increased by 55 per cent year-on-year to Rs 17,670 crore, supported by stronger margins and near-break-even operations in its quick commerce segment.  

The firm will replace JSW Steel in the Sensex, reflecting its growing prominence in the Indian market.

JSW Steel’s Slower Growth 

In contrast, JSW Steel has shown modest progress, with only a 5 per cent gain year-to-date. This highlights a slower growth trajectory compared to tech-driven disruptors like Zomato, whose inclusion in the Sensex underscores its rapid ascent in the Indian market.

Zomato Share Price

In the last trading session, Zomato fell nearly 4.8 per cent amid the broader market sell-off. However, since YTD, the share of the company has surged more than 120 per cent.