Food delivery giant Zomato is set to replace JSW Steel in the BSE Sensex, effective December 23, as part of a major index reconstitution announced by Asia Index Private Ltd, a subsidiary of BSE.
As of 9:16 am the shares were trading 5.26% higher at ₹278.11 on NSE.
Key Highlights:
- Index Reconstitution: Several indices, including BSE 100, BSE Sensex 50, and BSE Sensex Next 50, have undergone changes, with Zomato being one of the notable additions to the 30-stock BSE Sensex.
- Stock Performance: Zomato’s inclusion follows an exceptional 130% rally in its stock over the last year, significantly outperforming the Sensex’s 12-month return of 20%. In contrast, JSW Steel’s stock has delivered 27% returns in the same period.
BSE 100 Index Updates:
Six new stocks, including Jio Financial Services and Suzlon, have been added to the BSE 100 Index, reflecting evolving market dynamics and investor focus.
The move underscores Zomato’s growing influence in the Indian stock market, with the company now a key part of India’s benchmark index.
