A Tata Motors spokesperson said in a statement, “Around 300 workmen of Tata Motors, Sanand Plant, have gone on an illegal flash sit-in strike on February 22, 2016, demanding re-instatement of the workmen suspended (pending enquiry) for serious misconduct. While the Management team is continuing to make efforts to talk to the workmen on strike and convince them to restore normalcy, plant operations are simultaneously continuing." Click here for the full report
The stock opened at Rs 316 and touched a low of Rs 307. At 12:20pm, over 3.7 million shares were traded on both the stock exchanges.
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