Zomato and Jio Financial Services Gain Ahead of Nifty 50 Inclusion

Market Performance

Zomato and Jio Financial Services witnessed gains in their share prices during early trading on Thursday ahead of their inclusion in the benchmark Nifty 50 index. Zomato's share price increased by 2.68% to ₹208.75 per share, while Jio Financial Services saw a rise of 1.95% to ₹226.75 per share on the BSE. At 10:00 AM, Zomato traded 0.84% higher at ₹205.00, and Jio Financial Services was up 1.26% at ₹225.20.

Nifty 50 Inclusion

Zomato and Jio Financial Services will be included in the Nifty 50 index as part of the March rebalancing by Nifty Indices. This adjustment is scheduled to take place on March 27, with the official inclusion of these stocks effective March 28.

As part of this change, Zomato will replace Bharat Petroleum Corporation Limited (BPCL), while Jio Financial Services will take the place of Britannia Industries.

Company Details

Zomato:

• Industry: Food Delivery
• Share Movement: 2.68% increase to ₹208.75

Jio Financial Services:

• Industry: Financial Services (Subsidiary of Reliance Industries)
• Share Movement: 1.95% increase to ₹226.75

BPCL and Britannia Industries' shares traded lower after the announcement of their exclusion from the index.

Financial Performance

Zomato:

• One-Month Change: Decline of 11%
• Year-to-Date (YTD) Change: Decline of 26%

Jio Financial Services:

• One-Month Change: Increase of 1%
• Year-to-Date (YTD) Change: Decline of 26%

Summary

Zomato and Jio Financial Services recorded early gains before their inclusion in the Nifty 50 index. The rebalancing will take effect on March 27, with these companies officially joining the index on March 28. With this adjustment, Zomato and Jio Financial Services will replace BPCL and Britannia Industries. Both companies have experienced mixed share price movements over the past month and year-to-date, reflecting differing market dynamics within their sectors.