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Shasun Pharmaceuticals spikes nearly 14% as workers strike ends

By Religare
|

Shares of pharma major Shasun Pharmaceuticals rallied nearly 14 per cent in early trade on Bombay Stock Exchange (BSE) after the company's operations at its Pondicherry unit resumed after the workers called off strike.

"An amicable settlement has been reached with the workers at the company's Pondicherry facility. The strike has been called off and operations resumed from yesterday night," Shasun Pharmaceuticals said in its filing to BSE.

Cheering the news, shares of drug firm gained as much as 13.81 per cent to trade at Rs 53.95 a piece on the BSE.

 

In a similar fashion, shares of the company spurted 10.63 per cent to Rs 52.55 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 19,162.43, up 286.42 points or 1.52 per cent at 10:02 hours.

Read more about: shasun pharmaceuticals
Story first published: Friday, June 28, 2013, 12:43 [IST]
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