Zomato to list on BSE Sensex next month and replace JSW Steel

Latest update:November 22, 2024 07:08 PM IST

Zomato shares are up more than 112 percent this year.

Zomato reported a net profit of Rs 176 crore in the second quarter.

Food delivery platform Zomato is set to replace JSW Steel on the 30-share BSE Sensex starting December 23. The stock exchange also announced the issue of 43 new shares in the futures and options (F&O) segment.

Zomato shares are up more than 112 percent this year. On Friday, the stock fell 0.97 percent to close at Rs 264.15 apiece on the BSE.

In its most recent September 2024 quarter, Zomato’s consolidated operating revenue grew 69 percent to Rs 4,799 crore. Net profit also jumped to Rs 176 crore, five times higher than a year ago. Its board has also received approval to raise up to Rs 8,500 crore through qualified institutional placement, it said in a regulatory filing.