The Startup India Insight
Filed inTweetShareRead later

“Zomato Shares Fall Over 3% Following Sensex Inclusion Debut”

23 December, 20242 min read

Zomato, a leading food tech company, has achieved a significant milestone by becoming the first new-age technology company to be included in the BSE Sensex. This inclusion marks a pivotal moment for the company as it replaces JSW Steel in the benchmark index.

Zomato BSE Sensex 

The BSE Sensex, one of India’s oldest and most prestigious stock market indices, represents 30 well-established and financially robust companies from key sectors. With Zomato’s inclusion, the index continues to evolve, reflecting the dynamic nature of the Indian economy.

Advertisement

Zomato now joins a league of notable companies such as ITC, Tech Mahindra, HDFC Bank, and Reliance Industries. This inclusion is a testament to Zomato's strong market performance, technological innovation, and significant role in India's digital economy.

BSE Sensex For Investors 

The BSE Sensex serves as both a benchmark and an investable index for investors, offering insights into the overall health of the Indian stock market. As a part of this prestigious index, Zomato gains increased visibility among global and domestic investors, solidifying its position as a key player in the Indian corporate landscape.

This achievement underscores the growing influence of technology-driven companies in traditional financial markets. It also highlights the broader acceptance of new-age businesses, emphasizing the importance of innovation and adaptability in shaping the future of the Indian economy.

Zomato Journey 

Zomato’s journey from a startup to a Sensex-listed company reflects the potential of India’s tech ecosystem to disrupt and redefine industries. This development is expected to inspire other emerging tech companies, showcasing the immense opportunities within India’s rapidly evolving economic landscape.

Author Opinion 

Zomato company which has been providing food delivery service for many years. Zomato company has recently got a place in BSE Sensex. The company has given such a good performance that it has replaced JSW Steel with a major attack.


Leave a Reply

Your email address will not be published.Required fields are marked *

*

*