In a major milestone, Zomato led by Deepinder Goya has leapfrogged two Indian automotive giants, Tata Motors and Bajaj Auto—in terms of market capitalization.
This is yet another sign of the company’s explosive growth that only seems to be accelerating.
Zomato Crosses a Phenomenal Milestone
Zomato’s market capitalization has soared to around ₹2.83 lakh crore this year, marking an impressive 162% jump. This surge has propelled the company ahead of Tata Motors, valued at ₹2.79 lakh crore, and Bajaj Auto, which stands at ₹2.5 lakh crore.
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This milestone comes just in time for the Deepinder Goyal-led company’s inclusion in the benchmark Sensex on December 20. Zomato is set to replace JSW Steel, whose current market cap is ₹2.31 lakh crore.
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A Key Indicator of the Indian Stock Market
The Sensex, managed by the Bombay Stock Exchange (BSE), comprises 30 prominent companies that meet specific criteria for financial stability and liquidity. Additions and removals from the index are based on an average six-month float-adjusted market cap. Being part of the Sensex often attracts significant attention from both domestic and international investors, as it’s widely regarded as a key indicator of the Indian stock market.
