The stock prices of Maruti hit a high of 1117 and a low of 1060. The share prices of Maruti Suzuki India Ltd. Managed to bounce to bounce back from their intraday after the reports of labour unrest in three subsidiaries of Suzuki in India, the labour unrest were called off.
It is still not clear that the unrest at the Maruti Suzuki’s Manesar factory have ended or not. But the trend seems to be positive and the stock prices have been moving on the positive side. The production at the Manesar factory was crippled for several days due to the labour unrest.
The workers at Suzuki Powertrain india, Suzuki Castings and Suzuki Motorcycle India called off their two day strike after an agreement was made between the management and the workers to start off with the work. The workers at all the plants had gone on strike in support of their colleagues. Suzuki Powertrain India employs more than 2,000 workers at the Manesar plant, where it is manufacturing diesel engine and transmission supplies for Maruti Suzuki. Suzuki Castings has more than 700 workers and Suzuki Motorcyles India has employed around 1,400 workers at the Manesar plant.
Maruti Suzuki had announced that it will be shutting down the plants at Mnesar and gurgaon due to supply constraints on account of the strike at Suzuki Powertrain. The stock prices closed at 1106 which is a rise of 2% and up by 23.65 points. The stock managed to hit a high of 1117.
Bell The Bull says Positive Trend Could Continue In Maruti Suzuki Stock Prices