Declining for the third day in a row, shares of Maruti Suzuki today plunged more than 5 per cent as the company has declared an indefinite lockout at its Manesar plant in Haryana.

After opening weak, shares of the company tanked 5.42 per cent to Rs 1,082.50 on the BSE.

On the NSE, the stock plummeted 5.69 per cent to Rs 1,082.20.

The stock was the top loser among the BSE 30-stock Sensex blue-chips in the morning trade. It has fallen about 12 per cent in three sessions till this morning.

Maruti Suzuki on Saturday declared an indefinite lockout at its Manesar plant following violence there that killed one official and injured 100 people. It has ruled out the possibility of shifting operations to Gujarat.

Meanwhile, six more workers have been arrested for their alleged involvement in arson and rioting in Maruti Suzuki’s Manesar plant on Wednesday, taking the number of those apprehended to 97.

Maruti Suzuki has said, however, it will continue to dispatch cars from its stockyard at the plant to dealers across the country despite the lockout.

In the broader market, Sensex was trading at 16,993.19, down 168.79 points at 10.54 a.m.

(This article was published on July 23, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.