ZEEL shares experienced a surge of over 7% after Punit Goenka resigned as Managing Director and was confirmed as the new Chief Executive Officer (CEO) by the company.
In a regulatory filing, ZEEL announced that Goenka will continue to lead the company as CEO, which had a positive impact on investor sentiment.
Following this announcement, ZEEL shares reached an intraday high of Rs 123.89 on the National Stock Exchange (NSE), reflecting a 7.35% increase. As of around 10 am, the shares were trading at Rs 123.56, showing a 7.07% increase.