Zomato – Online food delivery company Zomato has now become bigger than Tata Motors and Bajaj Auto. The company’s market cap has reached Rs 2.78 lakh crore, more than these two automakers.
After Thursday’s (December 19) trading, Tata Motors’ market cap on BSE was Rs 2.73 lakh crore, while Bajaj Auto’s was Rs 2.50 lakh crore.
Zomato will join Sensex today
After this success, Zomato will also be included in the Sensex today i.e. on 20 December. JSW Steel will be out of this index of top 30 stocks. BSE had announced this only last month.
Gave 130% return in one year, became 27th company in the rack
The surge in Zomato’s stock in 2024 has more than doubled the wealth of investors. The price of one Zomato share on 20 December 2023 was Rs 124, which has now reached Rs 286.
Talking about percentage return, it has given a return of 130%. The shares of the company, formed in July 2008, touched a record level of Rs 304.5 on December 5. The company is at number 27 in the market cap.
Zomato’s profit increased by 388% in the second quarter
Zomato’s profit grew 388% year-on-year to Rs 176 crore in the July-September quarter of FY 2024-25. The company’s consolidated net profit was Rs 36 crore in the same quarter a year ago.
The company’s revenue grew 68.50% to Rs 4,799 crore in the second quarter. The revenue was Rs 2,848 crore in the same quarter a year ago.
What is market capitalization?
Market cap is the value of the total outstanding shares of any company, that is, all the shares that are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company with the stock price.
Market cap is used to categorize the shares of companies to help investors choose them according to their risk profile. Such as large-cap, mid-cap and small-cap companies.
