Zomato Share Price: Monday is a important day for Zomato Limited as the company is set to Join BSE Sensex Index, Replacing JSW Steel and Becomes First Agri-Tech Firm.
Alternative and Quantitative Research, this inclusion in the Sensex is expected to have an impact of approximately $513 million. Conversely, the removal of JSW Steel is estimated to result in an outflow of around $262 million.
This inclusion signifies the strong position of Zomato in the market, solidifying its status as a market leader in the food delivery industry. Over the past six months, Zomato’s stock price has surged by over 43%, and over the last year, it has witnessed a remarkable increase of 126%. Last Friday, Zomato Limited’s shares closed with a gain of 2.29% at ₹281.85 on the BSE.
Since September, the company’s net profit has been ₹176 crore, reflecting a growth of 389% in profitability.
(Disclaimer: The information provided above is not investment advice. The stock market is subject to risks, and it is advisable to consult experts before making any investment decisions.)
#Zomato #StockMarket #StockMarketUpdate
Read this : https://investcly.com/2024-gold-prices-breaks-record-of-10-year/