ZEE Entertainments Share Price Soars Amid CEO Punit Goenka's Exit as Reappointment Withdrawn

Mumbai: Zee Entertainment Enterprises' share price rose sharply in the intra-day trading session, despite its Managing Director and CEO Punit Goenka withdrawing his reappointment for the post at the upcoming Annual General Meeting (AGM).

The shares of ZEE Entertainment closed trade on Wednesday, November 22, 2024, at Rs 117.15, hitting an intraday high of Rs 119.45 and a low of Rs 116.90. The company's market capitalization is currently valued at Rs 11,252.49 crore.

The shares have traded as high as Rs 299.50 in the past 52 weeks, but touched a low of Rs 114.40 during this period. Traders on Wednesday were trading more than 774,969 shares on the BSE on November 22, 2024.

CEO Punit Goenka had last week stepped down from his post as Managing Director, marking a significant upheaval in Zee Entertainment Enterprises' leadership. His decision to withdraw himself from reappointment for the Managing Director and CEO posts has further fueled market volatility.