Zomato will create history today, in just three and a half years of listing the company is listed in BSE Sensex.

BSE Sensex Stocks Rejig: Online food delivery and quick commerce company Zomato is going to create history today i.e. on Monday 23 December 2024. Today is a very special day for Zomato CEO and company co-founder Deepinder Goyal. Zomato’s shares will trade in BSE’s Sensex index from today. Zomato had brought its IPO in the month of July 2021. And this multibagger stock created such a stir in the Indian stock market that in just three and a half years of its listing, it has now become a part of the Sensex. Zomato has been included in BSE Sensex in place of JSW Steel.

Zomato joins Sensex within three and a half years of listing

The top 30 big companies of the country are included in the BSE Sensex 30 index. Within three and a half years of its listing on the stock exchange in July 2021, Zomato not only became one of the biggest companies in the country in terms of market capitalization. In fact, she has also emerged as the brand ambassador of new age companies in the stock market. According to the closing price of the last trading session on December 20, 2024, the market capitalization of Zomato has reached Rs 272,236 crore. BSE’s subsidiary Asia Index Private Limited had announced the restructuring of BSE indices in which it was decided to include Zomato in BSE Sensex 30 and BSE Sensex 50.

Zomato is a multibagger stock

Zomato’s IPO came in July 2021. In just three and a half years of listing on the stock exchange, the stock has given multibagger returns to its investors and shareholders. Zomato had raised funds in IPO at the issue price of Rs 76. The stock closed at Rs 282.10 on Friday 22 November 2024. The stock has also made a high of Rs 304.70. That means, in the last three and a half years, Zomato shares have given 300 percent return to investors. The stock has given a return of 350 percent in the last two years and 130 percent in the year 2024. Zomato stock has the potential to give strong returns in future also. Morgan Stanley has said in its coverage report that Zomato shares can also cross Rs 500. According to the report, due to the increasing share of Quick Commerce in India’s retail market, strong balance sheet, expansion of food delivery business, the company can be counted among the big profitable companies by 2030, which will provide huge support to its stock price.

Zomato will be included in Nifty 50!

After the inclusion of Zomato in BSE Sensex, the stock can soon be included in Nifty 50 also. Rebalancing of Nifty index will be done in February 2025 in which a decision can be taken on including Zomato in Nifty 50. Brokerage firm JM Financial has recently predicted the inclusion of Zomato in Nifty 50 in one of its reports.

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