Shares of Maruti Suzuki India rose by nearly 4 per cent on the bourses on Friday after the
14-day-long strike at the company's Manesar's plant was called off this morning.
Following the development, shares of the company jumped by 3.88 per cent to Rs 1,117.55 on the BSE and were the best performer among the Sensex blue-chips at 0955 hours.
Similarly, on the NSE, the stock surged by 3.71 per cent to Rs 1,117.50.
Analysts said that the news is positive for the company and a continuous uptrend in the company's stock is expected.
The 14-day-long strike at Maruti's Manesar plant was called off on Friday morning after a tripartite agreement was reached between the management, workers and Haryana government.
As part of the agreement, the management has agreed to take back 64 permanent workers, but another 30 will remain suspended.
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