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economictimes com in india ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!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.

economictimes com in india ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!The Zomato shares are firming up in Friday trade.

Its market capitalisation is currently at Rs 2.75 lakh crore, with a price-to-earnings (P/E) ratio of 345.04.

economictimes com in india ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!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.

economictimes com in india ✌️【365vc.net】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!The company’s stock has surged by 132 per cent year-to-date, significantly outperforming the 9.78 per cent growth of theBSE Sensex.

economictimes com in india ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!This growth also gave a positive trend to the company’s financial performance.Also Read:International Gemological Institute (IGI) Share Price, IPO Listing Live Updates: Check listing, date, time, GMP, and other details“Zomato-owned Blinkit’s recent launch of ‘Bistro’, a 10-minute food delivery app, was a low-key affair.

economictimes com in india ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!Our recent checks, however, suggest the platform opens up a wide range of use cases that were hitherto not getting adequately addressed through Zomato’s own food delivery app.

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.

economictimes com in india ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!Bistro’s selection and price points suggests it will likely compete with Zepto Café rather than Swiggy’s Bolt or Zomato’s own 15-min food delivery offering, thereby reducing chances of conflict of interest claims by third-party restaurant partners.

economictimes com in india ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!While we await more details before baking in the impact of Bistro’s launch in our model, this could help Zomato better penetrate the small ticket food consumption space inIndia,” said Swapnil Potdukhe in a report byJM FinancialInstitutional Securities about Zomato.If we look at the last six months performance of the company, its shares have surged by 46.economictimes com in india Blockchain Investments: Earn Up to 100% Monthly Returns