Food delivery and quick commerce (qcom) service application (app) Zomato now commands a market capitalisation (mcap) higher than automobile giants Tata Motors and Bajaj Auto.
Zomato, whose shares closed 1.18 per cent lower on Thursday at ₹288.45 apiece, has an mcap of ₹2.78 trillion, according to BSE data. By comparison, Tata Motors' mcap stood at ₹2.74 trillion, while Bajaj Auto's was ₹2.5 trillion on the BSE.
Tata Motors ended 1.5 per cent weaker on Thursday at ₹744.3 per share, while Bajaj Auto's shares gained 0.2 per cent to close at ₹8,972.5. The S&P BSE Sensex, on the other hand, fell 964 points, or 1.2 per cent, to close at 79,218. So far in calendar year (CY) 2024, Zomato's share price has more than doubled, soaring 135 per cent from ₹124 per share at the end of CY 2023.
The shares reached their all-time high of ₹304.5 on December 5.
Tata Motors shares, meanwhile, have dropped around 2 per cent this year, while Bajaj Auto shares have risen roughly 32 per cent. The BSE benchmark has generated a return of 9.6 per cent during the period.
This story is from the December 20, 2024 edition of Business Standard.
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This story is from the December 20, 2024 edition of Business Standard.
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