Zee Entertainment Enterprises Ltd Share Price – NSE  / BSE

Entertainment, Small Cap

Punit Goenka, the company's managing director, has stepped down from his position to focus solely on his role as CEO. This decision, according to the company, is aimed at enhancing operational focus and driving growth across core business segments.

Additionally, Mukund Galgali, the company's chief financial officer, will also assume the role of deputy CEO, effective immediately. He will continue to report to Goenka.

Goenka's decision comes just days before the company's 42nd Annual General Meeting (AGM) on November 28th, where shareholders where shareholders were scheduled to vote on his reappointment as MD and CEO for another five-year term. While he has relinquished the MD position, Goenka's continued presence on the board of directors will be determined by shareholder approval at the AGM.

This leadership reshuffle has sparked market interest, with ZEEL's stock price surging today. Investors are closely watching the upcoming AGM to assess the impact of these changes on the company's future direction and performance.

Zee Entertainment Enterprises is a leading content company offering entertainment content to diverse audiences. With a presence in over 190 countries and a reach of more than 1.3 billion people around the globe, ZEEL is among the largest global media & entertainment companies across genres, languages, and integrated content platforms.

The company’s consolidated net profit from continuing operations surged by 61.28% to Rs 209.5 crore in the second quarter of fiscal year 2025, compared to Rs 129.9 crore in the same period last year. However, total income declined by 18.94% to Rs 2,034.4 crore, down from Rs 2,509.6 crore in Q2 FY24.

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Zee Entertainment Enterprises Ltd is up for a third straight session today. The stock is quoting at Rs 125.16, up 1.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.04% on the day, quoting at 24230.1. The Sensex is at 79668.59, down 0.88%. Zee Entertainment Enterprises Ltd has slipped around 1.29% in last one month.

Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has slipped around 2.11% in last one month and is currently quoting at 2006.85, up 0.36% on the day. The volume in the stock stood at 67.49 lakh shares today, compared to the daily average of 118.3 lakh shares in last one month.

The PE of the stock is 18.52 based on TTM earnings ending September 24.

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Zee Entertainment Enterprises announced that the 42th Annual General Meeting (AGM) of the company will be held on 28 November 2024.

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Net profit of Zee Entertainment Enterprises rose 70.30% to Rs 209.40 crore in the quarter ended September 2024 as against Rs 122.96 crore during the previous quarter ended September 2023. Sales declined 17.93% to Rs 2000.70 crore in the quarter ended September 2024 as against Rs 2437.79 crore during the previous quarter ended September 2023.

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