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Zomato joins Sensex, takes JSW Steel’s spot on the list

  • Zomato, the meal delivery company, has become the first startup to join the benchmark Sensex index of the Bombay Stock Exchange (BSE), replacing JSW Steel.
  • Zomato's inclusion is expected to bring in $513 million in stock inflows while JSW Steel may experience outflows of about $252 million.
  • Zomato's impressive financial performance, with a 69% YoY rise in revenue and a fivefold increase in net profit, has contributed to its ascent.
  • Zomato's entry into quick commerce (qcom) has been a significant driver of its growth, allowing it to expand revenue sources and outperform in the market.

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