Punit Goenka's resignation as MD of Zee Entertainment causes an 8% increase in the company's share price.

Zee share price: On Tuesday, November 19, a day after the business announced Punit Goenka had resigned as Managing Director, shares of Zee Entertainment jumped about 8% in morning trading on the BSE. Nevertheless, he will remain the CEO. In contrast to its closing price of 115.50, Zee Entertainment's stock began at 118.05 and increased by as much as 7.8% to reach 124.50. "Punit Goenka made the decision to step down as the company's managing director in order to fully concentrate on the operational duties that the board had given him. Punit Goenka was appointed CEO after the company's board of directors approved his departure as managing director.