Business Standard

Maruti shares up 1% as Manesar plant reopens

The stock has lost about 4% since the plant closure

Related News

Shares of today settled about one% higher after the company resumed production at its amid heavy security, a month after a was declared due to violence.

The scrip closed 0.68% up at Rs 1,185.10 on the BSE. Intra-day, the stock gained 1.55% to Rs 1,195.3.

At the NSE, the stock ended 0.96% higher at Rs 1,188.90.

The stock has lost about 4% since the plant closure.

"Production has resumed at the Maruti Suzuki Manesar plant this morning," a company spokesperson today said.

The company had earlier announced that only 300 permanent workers will resume work in a single shift. Initially, about 150 cars are expected to be rolled out every day instead of the plant's normal capacity of 1,500-1,700 units.

The company had declared a lockout at Manesar plant on July 21 following the July 18 violence. The overall during the lockout was pegged at around Rs 1,400 crore.

Read more on:   
|
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Recommended for you

Advertisements

Quick Links

Market News

CIL sale raises Rs 22.4k cr, drags markets

OFS becomes biggest equity offering ever

Sensex tanks 500 points on CIL sale, banks' woes

Ending its 10-day gaining streak, the NSE Nifty closed 143 points, or 1.6 per cent, lower at 8,808.9

Positive move for Adani Enterprises' shareholders

Unsurprisingly, Adani Power closed marginally up (0.68%) at Rs 51.90 on bourses, while Adani Ports and SEZ closed 0.9 per cent down at Rs 340.50

NCDEX plans to introduce India gold futures contract

The contract will only accept gold that is refined by Indian companies

Gold falls 1% on global cues

Standard gold fell 0.9% to close at Rs 27,900/10g in Zaveri Bazaar, Mumbai on Friday, following a sharp decline in global markets on Thursday

 

Back to Top