Titagarh Wagons fell nearly 2% to Rs 224 on the BSE after workers at one of the company's plants went on illegal stirke.
Titagarh Wagons announced that the workmen at one of the company's plants went on illegal strike in response to the disciplinary action as per law taken by the company against some of them. Due to unruly behaviour of the workmen, management was compelled to suspend work at the plant, on 8 September 2014.
Titagarh Wagons is one of the leading private sector manufacturers of wagons and coaches in India.
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The stock opened at Rs 234.40, touched a low of Rs 220 on the BSE so far. A total of 13,925 shares have been exchanged on the BSE so far.