After ZEE stock surge, D-Street waits to see if CEO Goenka gets the boot

Day after a 40 per cent surge in the shares of Zee Entertainment NSE -2.27 %, speculation on Dalal Street on Wednesday focussed on whether MD & CEO Punit Goenka will now be booted out of the company.

Much of Tuesday’s investor enthusiasm built up around a possible cleaning up of the business after the company’s largest investor, Invesco Oppenheimer, pushed for an ouster of Goenka, the elder son of the company’s founder Subhash Chandra Goenka.