Zomato to replace JSW Steel in BSE Sensex from December 23
Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution which becomes effective from December 23.
On Friday, BSE's wholly-owned subsidiary Asia Index Private Ltd announced reconstitution of several indices which also included BSE 100, BSE Sensex 50 and BSE Sensex Next 50.
Zomato's entry in the 30-stock index comes on the back of a stellar rally seen in its stock for the past one year with the counter delivering 130% returns in the said period. This is an outperformance over Sensex whose 12-month returns stand at 20%. On the other hand, JSW Steel's shares have yielded 27% in the same period.
BSE 100 additions and omissions
Six stocks find their way into the BSE 100 index viz. Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson International and PB Fintech (Policybazaar) and these stock will replace Ashok Leyland, P.I.Industries, IDFC First Bank, Indian Railway Catering and Tourism Corporation (IRCTC), UPL and APL Apollo Tubes.
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