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:   
|
|
|

Maruti shares up 1% as Manesar plant reopens

The stock has lost about 4% since the plant closure

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

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.

image

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

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top