Zomato has achieved a significant milestone by becoming the first new-age company to join the Sensex, replacing JSW Steel in the prestigious 30-share index.

With a weightage of 2.77%, Zomato now ranks 12th among the Sensex components, surpassing well-known consumer brands such as Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestlé.

The company's market capitalization stands at Rs 2.64 trillion, making it the 28th most valuable company in India.

Zomato's recent Rs 8,500-crore Qualified Institutional Placement has increased its public float and is expected to further boost its stock value, especially with upcoming index rebalancing events.

These events include its inclusion in the Nifty200 Momentum 30 Index on December 30 and increased weightage in the Nifty Next 50 Index in January.

There is also potential for inclusion in the Nifty 50 Index by March, which could attract passive funds to purchase up to 7% of Zomato’s float.

Since its IPO in July 2021, Zomato's stock has experienced significant growth, currently trading at Rs 274.

The company's entry into the Sensex was facilitated by its inclusion in the Futures and Options segment last month, alongside 44 other companies during the Sensex rebalancing exercise.