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Zomato’s shares have surged more than 112 per cent so far this year.
Zomato posted a net profit of Rs 176 crore in Q2.
Food delivery platform Zomato is set to replace JSW Steel in the 30-share BSE Sensex, with effect from December 23. The stock exchange has also announced the introduction of 43 new stocks in the futures and options (F&O) segment.
Zomato’s shares have surged more than 112 per cent so far this year. On Friday, the stock was down by 0.97 per cent to close at Rs 264.15 apiece on the BSE.
In the latest September 2024 quarter, Zomato’s consolidated revenue from operations rose by 69 per cent to Rs 4,799 crore. Its net profit also jumped to Rs 176 crore, a five-fold jump as against a year ago. Its board also received approval to raise up to Rs 8,500 crore through qualified institutional placement of equity shares, it said in a regulatory filing.