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Zomato shares fall over 3% after Sensex debut
Zomato has become the first new-age tech company included in the BSE (formerly Bombay Stock Exchange) Sensex, a free-float market-weighted stock market index, effective Monday.
However, Zomato’s share price fell during early trading hours, decreasing by 3.08% to 273.15 rupees (US$3.28).
This decline lowered the company’s market capitalization to US$31.54 billion, down from US$32 billion the previous week.
The foodtech firm replaced JSW Steel in the benchmark index, joining companies like ITC, Reliance Industries, and HDFC Bank.
Recent Zomato developments
| Timeline |
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20-Dec-2024 💼 Zomato-backed firm appoints ex-Flipkart exec as CFO
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17-Dec-2024 📉 Zomato-backed fitness startup faces 42% rise in losses
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17-Dec-2024 💼 Zomato’s finance head Hemal Jain resigns
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13-Dec-2024 💸 Zomato disputes $94.8m tax bill
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29-Nov-2024 💰 Zomato secures $1b in first fundraise since 2021
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