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ai for trademark search and registration ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!The online food delivery giant, Zomato is now part of the Sensex, replacing JSW steel on Friday (December 20).
Moreover, this step forward is seen as a major move by the tech driven food company.
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Its market capitalisation is currently at Rs 2.75 lakh crore, with a price-to-earnings (P/E) ratio of 345.04.
ai for trademark search and registration ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!At this level, this food delivery giant’s valuation has surpassed some of India’s most prominent automotive companies – Tata Motors, and Bajaj Auto.Tata Motors which is an Indian multinational automotive powerhouse, has amarketcapitalisation of Rs 2.74 lakh crore as of now, whileBajaj Auto, a leading two-wheeler and three-wheeler manufacturer is valued at Rs 2.51 lakh crore, highlighting that Zomato’s market cap is now higher than the two key players in the market.Let’s take a look at the reasons behind this transition and what it means for both the companies, the replaced and replacing.Arch rival of Swiggy, Zomato’s inclusion in the Sensex is a result of its strong performance in 2024.
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For example, the Bistro app offers a wide range of convenience food at relatively affordable price points through self-operated kitchens, akin to the ubiquitous canteen service.
In fact, Bistro’s within-10 minutes-delivery proposition should help the company better penetrate breakfast and evening snacks meal consumption in high density micro markets in Tier 1 cities, while also improving the visibility for its value meals (Zomato Everyday) proposition.
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