Zomato Stock Historical Journey: Shares of food delivery aggregator Zomato are now joining the frontline stocks. It is going to be included in Sensex 30 from 20th December 2024. It will replace JSW Stages in the index. Well, the journey of Zomato since its listing has been very interesting. After the strong listing, sentiments regarding the stock deteriorated and it fell by more than 45 percent from the IPO price. It saw a low of Rs 40 in its journey, but in 2024 it continued to rise and in December 2024 it crossed Rs 300. With this, its market cap has now increased to around Rs 2.80 lakh crore and has been included in the top 30 companies.
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Many big companies were left behind
Zomato has joined the top 30 companies in terms of market cap. According to BSE, when the market closed on Wednesday, its market cap was Rs 281693.74 crore. With this ship it became the 27th largest company. Till Wednesday’s closing, the big companies from which Zomato was ahead in terms of market cap included Tata Motors, Adani Ports and Special Economic Zone, Bajaj Finserv, Bajaj Auto, Coal India, JSW Stell, D-Mart, Asian Paints, Nestle, Jio Financial. Names like Services, Adani Power, IRCTC, Vedanta are included. These are included in the top 10 companies in the market.
In today’s trading the share is trading around Rs 290. With this, the market cap of the company is Rs 2.78 lakh crore. This is the top 27 company with this market cap.
Zomato share history
Zomato shares were listed in the stock market on 24 July 2021. As against the IPO price of Rs 76, this share was listed on BSE at Rs 115 with a premium of 51.3 percent. On that day, it increased by 81 percent from the issue price to Rs 138 intraday. Whereas on the listing day it closed at Rs 125.85, an increase of about 66 percent from the issue price.
However, after a few days, pressure started appearing on the stock. On January 24, 2022, it fell below Rs 100 for the first time at Rs 91.35. On February 15, 2022, it came back to Rs 76. On May 10, 2022, it reached Rs 50 for the first time. Whereas on July 27, 2022 it came to Rs 41.
However, Zomato’s shares started recovering in the year 2023. On August 8, 2023, it returned to the price of Rs 100. Whereas on 9 February 2024 it reached Rs 151. On May 3, 2024, it touched the level of Rs 200. Recently, on December 5, 2024, it reached its all-time high price of Rs 304.50.
Stock strengthened by 284% from IPO price
Zomato’s shares were listed in the stock market in July 2021. The IPO price was Rs 76. Currently the share is around Rs 292. That means it has become stronger by about 284 percent from the IPO price and has proved to be a multibagger for investors. If we talk about this year, this stock has increased by 137 percent.
Why does the index change?
Companies are included and removed from an index on the basis of their 6-month average float adjusted market cap. Sensex includes 30 large and well-established companies from different sectors.
