Zee Entertainment Enterprises Ltd (ZEEL) shares soared over 7% on Tuesday after Punit Goenka stepped down as Managing Director and transitioned to the role of CEO.
The board accepted his resignation, emphasizing this decision would let Goenka focus fully on operational duties. Following the news, ZEEL stock surged to an intraday high of ₹123.89 on the NSE, before trading at ₹123.56, reflecting a 7.07% rise. With a trading volume of over 4.12 crore shares, the market reacted positively to this leadership realignment.