Shares of Zomato Ltd. fell 4% today, extending their decline to 18% year-to-date. The stock was trading at ₹225.30, down ₹5.06 (-2.20%), as of 9:23 AM IST on February 24. The decline comes ahead of Zomato’s inclusion in the Nifty 50 index, effective March 28, 2025.
The National Stock Exchange (NSE) announced that Zomato and Jio Financial Services will replace Britannia Industries and Bharat Petroleum Corporation (BPCL) in the Nifty 50 as part of its periodic review. The changes will take effect from the close of trading on March 27, 2025.
Why Zomato and Jio Financial Made It to Nifty 50
According to the NSE, Zomato and Jio Financial Services met the eligibility criteria, with their six-month average free-float market capitalization being at least 1.5 times that of the smallest constituents in the Nifty 50, namely BPCL and Britannia.
Other Index Changes
Apart from the Nifty 50, changes were also announced for the Nifty 100 index. New entrants include:
- Bajaj Housing Finance
- CG Power and Industrial Solutions
- Hyundai Motor India
- Indian Hotels
- Swiggy
These stocks will replace Adani Total Gas, Bharat Heavy Electricals (BHEL), IRCTC, NHPC, and Union Bank of India in the Nifty 100.
While Zomato’s stock is under pressure in the short term, its inclusion in the Nifty 50 signals a significant milestone for the company, potentially attracting passive fund inflows from index-tracking funds.
