Zomato Share Price Declined 3% | After joining 30-share benchmark SENSEX Index

Zomato has officially replaced JSW Steel in the 30-share SENSEX index as of Monday. This change is part of the recent reconstitution conducted by Asia Index Pvt Ltd, a subsidiary of the Bombay Stock Exchange (BSE).

On the same day, Zomato’s shares experienced a decline, trading in negative territory as they made their debut on the benchmark SENSEX index. The stock price fell by as much as 3%, reaching ₹273.15 per share on the BSE. By 10:31 am, it had decreased by 0.37% to ₹280.80, resulting in a market capitalization of ₹2,70,692.34 crore. Additionally, on the National Stock Exchange (NSE), the stock dropped 0.62% to ₹280.35.

Zomato’s inclusion in the SENSEX follows a year of strong performance, with the stock appreciating by 38% over the past six months, 124.79% year-to-date, and 114.29% over the last year. However, investors are reminded that historical performance does not guarantee future results.

In the quarter ending September 2024, the online food delivery service reported a remarkable 388.8% increase in its consolidated profit after tax, amounting to ₹176 crore, compared to a profit of ₹36 crore in the same quarter of the previous year.

By Kaul

Kaul, is an experienced news editor with over 10 years in the journalism industry, specializing in both digital and print media. Currently, he serve as the business news editor at KCSOS, overseeing daily news coverage, managing editorial teams, and ensuring that all content meets the highest standards of accuracy, fairness, and editorial integrity. With a keen eye for detail and a passion for storytelling, He has covered a broad range of topics, including politics, business, culture, and breaking news. He has worked in fast-paced newsrooms, leading teams through complex editorial processes, and adapting quickly to the ever-evolving digital landscape.

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