Eicher Motors gains 16% in 1-week as strike called-off at Oragadam facility

The stock was up 2.4% at Rs 25,340, gaining 16% in one week after the complete workforce at the Royal Enfield manufacturer's Oragadam facility has called-off the strike.

Shares of Eicher Motors have been trading higher for the fifth straight day, up 2.4% at Rs 25,340 per share, gaining 16% in one week on  National Stock Exchange (NSE), after the complete workforce at the Royal Enfield manufacturer’s Oragadam facility has called-off the strike.

“The entire workforce at Royal Enfield’s Oragadam facility has reported to work today, bringing an end to the strike, effective November 13, 2018. All three plants of the company are now operational at their full capacity,” Eicher Motors said on Tuesday, November 13.

A part of the workforce at Royal Enfield’s manufacturing facility