The planned index review comes at a time when Zomato has seen unflinching gains over the past year. Zomato’s share price has risen about 43% in the past six months and 126% in the past year, outperforming the benchmark Sensex, which returned about 10.7% during the same period. JSW Steel, on the other hand, has returned nearly 9% over the past year.
Brokerage firm UBS said in its latest report, “Over the past 18 months, the stock price has increased by almost % increase,” he said. .
UBS said that according to the latest estimates, Zomato’s performance is “39x FY27 EV/EBITDA (adjusted), which translates to 6.3x FY27 EV/Sales.”
Zomato reported that its consolidated operating revenue for the July-September period rose 69% year-on-year to Rs 4,799 million, while its net profit also increased five times to Rs 176 million. The company’s subscription program, Zomato Gold, was successfully relaunched in early 2023 and helped the company increase order frequency from top customers, UBS noted.
As of December 21, Zomato’s market capitalization stood at Rs 2.72 billion, surpassing JSW Steel’s Rs 2.24 billion. Meanwhile, the index rebalancing will extend beyond Sensex to the BSE100 index with the entry of six new companies including Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson International and PB Fintech (Policy Bazaar). Become. These will replace stocks such as Ashok Leyland, PI Industries, IDFC First Bank, Indian Railway Catering and Tourism Corporation (IRCTC), UPL and APL Apollo Tubes.Also read | 4 big mergers to watch in 2025: What stock market investors should do
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