Shares of the Deepinder Goyal-led food and quick commerce aggregator Zomato jumped more than 7% on November 25. The new-age stock is now trading close to its all-time high of Rs 298.25 apiece. Read on to know what is triggering today's rally.

Catch live action of Zomato stock here. Zomato will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23. Zomato’s board on November 23, 2024, approved proposal to raise capital by way of QIP.

Food delivery giant Zomato shares rallied 5% in todays trading session, as the company is all set to enter the BSE Sensex. Zomato is going to replace JSW Steel on the BSE Sensex to be included in the list of 30 companies effective from December 23rd,

Zomato's shares surged 7% as it is set to replace JSW Steel in the BSE Sensex, effective December 23. This inclusion follows a year of impressive growth for Zomato, with its stock delivering 130% returns.

With this, Zomato is set to replace JSW Steel in the 30-stock benchmark index as part of the upcoming reconstitution, effective December 23

Zomato’s share price has been on an upward trajectory, gaining nearly 5% in the last two trading sessions. The stock opened Tuesday’s session at Rs 274.50 on the BSE, slightly higher than its previous close of Rs 273.

The foodtech major is also expected to be included in the Nifty 50 benchmark index, potentially leading to fund inflows of $607 million.