Business

Zee Entertainment shares jump 40 percent, know what investors should do

Zee Entertainment shares jump 40 percent, know what investors should do

Today the shares of Zee Entertainment registered a huge gain of 40 percent and the stock reached a new record high of 52 weeks. Today the company’s annual general meeting was held in which it was decided to expel the current MD Puneet Goenka and two independent directors from the board.

Puneet Goenka has been removed from the board of Zee Entertainment.

Zee Entertainment shares: After the decline of the first day of the week, the stock market closed with a sharp rise today. The Sensex registered a gain of 69 points, while the Nifty registered a gain of 25 points. The Sensex closed at the level of 58247, while the Nifty all-time high closed at a record high of 17380. During trading, it had reached the highest level of 17438. IT, Kotak Mahindra Bank and Midcap shares were the major contributors to today’s rally. ZEEL shares rose 40 percent.

Today the shares of Zee Entertainment Enterprises Limited (ZEEL) registered a huge gain of 40 percent, which is the biggest rise in its history. Today the shares of ZEEL registered a gain of about Rs 75 and it closed at Rs 261.70 with a gain of 40 per cent. This is its new 52-week high. The rise in Zeel’s shares is because three directors of the company have been shown the way out. It also stars CEO Puneet Goenka.

Big news about corporate governance clears the way

The shares of ZEEL have been witnessing a steady rise for the last three trading sessions. After today’s boom, the biggest question is what investors should do. Stock market experts say that the fundamentals of this stock are looking strong. The stock was under constant pressure for the last few years. The biggest reason for this was the governance factor. The business outlook for this company is looking good after the improvement in corporate governance. ZEE5 has a presence on the OTT platform and there are many possibilities for this.

BSE market cap crosses Rs 257 lakh crore

Here today the shares of IndusInd Bank, HCL Technology, Kotak Mahindra Bank, Bajaj Auto and Tech Mahindra are the top gainers. HDFC, Nestle India, UltraTech Cement and Hindustan Unilever were the top losers. Today out of 30, 17 shares closed in green mark and 13 shares closed in red mark. The market cap of BSE listed companies closed at 257.54 lakh crore today.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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