The Maruti Suzuki stock has witnessed tremendous volatility due to the strike news. As per the latest updates, the Haryana government has banned the strike at its Manesar plant saying that it will refer the matter to the local labor court. Moreover, Haryana government has issued a prohibitory statement against workers. The stock saw an initial reaction and then cooled off completely.
Reacting on the stock behaviour, Deepak Jain, Auto analyst at Sharekhan told CNBC-TV18 that the company could have faced a loss of around its 1,000 units. Moreover, the company chairman Mr. Bhargava has reported a revenue loss of Rs 40 crore on a daily basis, and this could be used as an indication to predict the stock behaviour. Below is a verbatim transcript of Deepak JainDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
