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Maruti Stock Under Pressure Over Jat Stir Possibility


Shares in Maruti Suzuki were under pressure in trade, even as stock markets were buoyant in trade on worries that there would be yet another stir by the Jat community in Haryana.

The shares of Maruti down almost 1 per cent at Rs 3600 in trade as bulk of the production for the 4-wheeler major comes from plans that are in the state of Haryana.

Maruti Stock Under Pressure Over Jat Stir Possibility
The last time the Jat agitation struck, the country's largest carmaker Maruti Suzuki India suspended operations at its two plants in Gurgaon and Manesar as component supplies were hit by the agitation of Jats demanding job reservation.

Haryana remained on the boil last month as the Jat stir unleashed fresh incidents of violence and arson in railway stations, police station and some buildings were set ablaze even as the Army had to use choppers to reach parts of blocked Rohtak district.

This time it seems the government to prevent any unlawful assembly, section 144 has been imposed in Rohtak, Hisar and other adjoining districts of Haryana besides deployment of magistrates to keep a strict vigil. The district administration has ordered closure of schools and colleges from Thursday.

Jat leaders are scheduled to meet the Chief Minister of Haryana, Mr Khattar later today.

Read more about: maruti
Story first published: Friday, March 18, 2016, 10:41 [IST]
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