Zomato’s entry in the benchmark index comes on the back of a solid rally seen in its stock in the past one year
Food delivery giant Zomato will replace JSW Steel in the 30-share BSE Sensex as part of the rejig, which will come into effect from December 23, 2024. BSE’s wholly-owned subsidiary Asia Index Pvt Ltd announced the reconstitution of several indices including BSE 100, BSE Sensex 50 and BSE Sensex Nifty 50 on Friday.
The Deepinder Goyal-led company's entry in the benchmark index comes on the back of a solid rally seen in its stock in the past one year with the massive 130 per cent returns in the said period. On Friday, the stock settled 0.97 per cent down at Rs 264.15 per share on the BSE. Zomato has outperformed the Sensex whose 12-month returns stand at 20 per cent. On the other hand, JSW Steel stock has gained around 27 per cent in the last one year.
In addition, six stocks will make their debut on the BSE 100 index including Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson International and PB Fintech and these stocks will replace Ashok Leyland, PI Industries, IDFC First Bank, IRCTC, UPL and APL Apollo Tubes.
In the BSE Sensex 50 index, Zomato, Jio Financial Services, and Hindustan Aeronautics Limited (HAL) will replace HDFC Life Insurance Company, Bharat Petroleum Corporation (BPCL) and LTIMindtree.
BSE also announced the introduction of futures and options (F&O) contracts for 43 stocks, set to be available for trading from December 13, 2024. The major stocks making their entry into BSE’s F&O segment include Adani Energy Solutions, Adani Green Energy, Adani Total Gas, One97 Communications, Yes Bank, Avenue Supermarts, Life Insurance Corporation of India (LIC), ZOmato and Jio Financial Services.
In a circular issued after market hours on Friday, BSE also informed that Securities and Exchange Board of India (SEBI) has approved the appointment of Subhasis Chaudhuri as the Chairman of exchange’s Governing Board.