Sun Nov 24 04:40:00 UTC 2024: ## Zomato Joins Sensex, Replacing JSW Steel in Index Reshuffle
**Mumbai, India** – Zomato Ltd. will officially join the prestigious S&P BSE Sensex index on December 23rd, replacing JSW Steel Ltd., the Bombay Stock Exchange (BSE) announced Friday. The change is part of a periodic review and rebalancing of the index’s constituents conducted by Asia Index Pvt.
Zomato’s inclusion follows a remarkable surge in its stock price, with a 112% increase this year and 129% over the past 12 months. At Friday’s closing price of Rs 265 (down 0.7%), the company boasts a market capitalization of Rs 2.33 lakh crore. JSW Steel, which joined the Sensex in July 2023, closed at Rs 977.35, up 3.5%.
The Sensex, comprising 30 leading Indian companies, utilizes a six-month average float-adjusted market capitalization to determine its membership. Companies are added or removed based on this metric.
The rebalancing also affects other BSE indices. Several companies, including Ashok Leyland Ltd., PI Industries Ltd., and IDFC First Bank Ltd., were removed from the BSE 100, replaced by names like Jio Financial Services Ltd. and Suzlon Energy Ltd. Similar changes were implemented across the BSE Sensex 50 and BSE Sensex Next 50 indices.
**Note:** NDTV Profit, which reported this story, is a subsidiary of AMG Media Networks Limited, an Adani Group company. This information is provided for transparency.
First Piper 