Zomato market cap ahead of Tata Motors, Bajaj Auto

Online food delivery company Zomato's market capitalization has reached Rs 2.78 lakh crore, making it bigger than Tata Motors (Rs 2.73 lakh crore) and Bajaj Auto (Rs 2.50 lakh crore) .

Following this success, Zomato will join the Sensex on December 20, leaving JSW Steel out of the index of the top 30 stocks.

Shares of Zomato have risen 130% in the past year, giving investors more than 100% returns and the company's 27th position based on market capitalization.

Zomato's profit rose 388% to Rs 176 crore in the second quarter of the financial year 2024-25 and revenue grew 68.50%, reflecting the company's strong financial position.