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Shares of Maruti Suzuki India rose nearly 4 per cent on the bourses today after the 14-day-long strike at the company’s Manesar’s plant was called off this morning.
Following the development, the company’s shares jumped 3.88 per cent to Rs 1,117.55 on the BSE and were the best performer among the Sensex blue-chips. Similarly, on the NSE, the stock surged 3.71 per cent to Rs 1,117.50.
Analysts said that the news is positive for the company and a continuous uptrend in its stock is expected.
The 14-day-long strike at Maruti’s Manesar plant was called off this morning after a tripartite agreement was reached between the management, workers and the Haryana Government.
As part of the agreement, the management has agreed to take back 64 permanent workers, but another 30 will remain suspended.
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