November 13, 2018 / 9:25 AM / 6 months ago

BUZZ-India's Eicher Motors hits near 4-wk high as strike at key plant ends

** Shares of Eicher Motors Ltd rise as much as 6.2 pct to 23,286.4 rupees, their highest since Oct 17

** A 50-day strike at Royal Enfield’s Oragadam facility ended effective Tuesday, the co said in statement

** All three plants of the company are now operational at full capacity, co said

** A part of the workforce at Eicher Motors’ Oragadam facility walked out in September demanding higher pay, job security and a right to form unions to collectively bargain

** Loss of production was 28,000 motorcycles during the period of strike, Eicher said

** Eicher shares mark sharpest intraday pct gain since Oct 12; stock top pct gainer on NSE index

** Stock down 27.7 pct this year as of last close

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