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Maruti Suzuki gains despite Manesar plant closure

India Infoline News Service/ 19:05 , Jul 20, 2012

Shares of Maruti Suzuki were trading at Rs.1,141.85, up 2.2% over the previous close.

Shares of carmaker Maruti Suzuki advanced after falling in Thursday’s trading session even as the company’s Manesar plant remained closed after Wednesday’s violence, reports said.

Analysts attributed the rise to value-buying after sharp fall of over 9% on Thursday.

On Wednesday, over 90 workers attacked the managers of the Manesar plant and the burnt parts of the plant after a disciplinary incident with a single employee.

Shares of Maruti Suzuki were trading at Rs.1,141.85, up 2.2% over the previous close. It had touched a day’s high of Rs.1,147.60 and a day’s low of Rs.1,094.60. The total traded quantity of the shares stood at 5.59 lakh shares on the BSE.

 



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