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Shares of Moser Baer India spurted over 10 per cent on the bourses today after the company said all issues related to a revision in bonuses and wages have been resolved amicably between a section of its associates and the management at its Noida plant.
The optical storage media manufacturer’s shares gained 10.3 per cent to Rs 26.75 apiece on the BSE. The scrip saw similar demand on the NSE as well, rising to Rs 26.75.
In terms of volumes, 9.84 lakh shares of the company exchanged hands on the BSE and 34.16 lakh equities were traded on the NSE.
Earlier, this week it was reported that some associates from the packaging section of one of the company’s optical disc plants were at loggerheads with the management, demanding a revision in bonuses and wages.
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