Zomato to see USD 513 million inflow after Sensex inclusion next week: Nuvama
Abhishek Mukherjee 
The food delivery giant’s index inclusion would make Zomato the first new-age tech stock to enter the 30-share frontline index. Meanwhile, JSW Group’s shares will exit the index as part of the planned rejig to make way for Zomato.
Numvama expects JSW Group to witness outflows of about USD 252 million next week.
The planned index rejig comes at a time when Zomato has seen an unfazed rally in the past year. Zomato's stock price has rallied nearly 58 percent in the last six months and about 138 percent in the past year, outperforming benchmark Sensex, which has given about 14 percent returns in the same period.
Zomato’s consolidated revenue from operations rose by 69 percent to INR 4,799 crore during the July-September quarter, while its net profit jumped to INR 176 crore during the quarter, a five-fold jump as compared to the previous year’s quarter.As of December 16, Zomato's market capitalisation stood at INR 2.83 lakh crore, while JSW Steels’s market capitalisation was at INR 2.42 lakh crore on the same day.
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