Mahindra & Mahindra’s shares surged 9.03 per cent to close the day at Rs 627.35 after the company’s workers called off their “tool down” strike. The two-week strike, waged by the workers at the Nashik plant, was withdrawn as both the management and the workers union reached a compromise on May 18.
The stock opened at Rs 600 and an intra-day high/low of Rs 668/Rs 561. A total of 305,000 shares changed hands in today’s trade (about 1.7 higher than the two-week average). The scrip has gained around 40 per cent in the last one month.Total trading volume was 33,757 shares.