Market News
2 min read | Updated on December 23, 2024, 11:43 IST
SUMMARY
Zomato on Monday replaced JSW Steel to enter the 30-share SENSEX. This was part of the latest reconstitution by Asia Index Pvt Ltd, a subsidiary of the BSE.
Stock list
Zomato shares declined as much as 3% to ₹273.15 apiece on the BSE.
The stock declined as much as 3% to ₹273.15 apiece on the BSE. At 10:31 am, it was down 0.37% to ₹280.80 a unit, with market capitalisation at ₹2,70,692.34 crore.
The scrip fell 0.62% to ₹280.35 per share on the NSE.
On Monday, Zomato replaced JSW Steel to enter the 30-share SENSEX. This was part of the latest reconstitution by Asia Index Pvt Ltd, a subsidiary of the BSE.
The SENSEX entry for Zomato comes against the backdrop of robust performance in the past year. The stock has climbed 38% in the six months and 124.79% year-to-date, and it has surged 114.29% in the last year.
The online food delivery platform posted a 388.8% spike in its consolidated profit after tax to ₹176 crore in the quarter ended September 2024, compared to a post-tax profit of ₹36 crore in the year-ago quarter.
Revenue from operations ascended 68.5% to ₹4,799 crore in Q2 FY25 as against ₹2,848 crore in the corresponding period last year.
SENSEX was up 779% to 78,814 points as ITC, HDFC Bank, Bajaj Finance, Tata Steel, Tech Mahindra, Bharti Airtel, and Reliance supported.
Zomato and Tata Consultancy Services were laggards.
The BSE benchmark tanked 4,091.53 points in the past five days, and the NIFTY slumped 4.76%.
According to exchange data, Foreign Institutional Investors (FIIs) divested equities worth ₹3,597.82 crore on Friday.
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