Zomato Enters Nifty50: Tech Giant Joins Blue-Chip Index, Boosting Market Valuation

Food delivery leader Zomato (BSE: 543320) and Reliance-backed Jio Financial Services will replace BPCL and Britannia Industries in the Nifty50 index effective March 28, 2025. The reshuffle, announced by the NSE on February 21, reflects Zomato’s six-month average free-float market cap of ₹1.69 lakh crore – 2.8x higher than outgoing constituent BPCL. Analysts predict passive inflows of $702 million for Zomato and $404 million for Jio Financial, while Nifty’s P/E ratio could rise 2.5% to 21.37x due to their premium valuations. Zomato shares traded at ₹230.25 on February 21, building on its December 2024 Sensex entry.

 

Source: NSE Circular, Economic Times, Moneycontrol