Shares of Bosch Ltd witnessed a spurt after the management announced that the tool down strike by the workmen at its Bangalore plant has been withdrawn.
In a statement to the stock exchanges, Bosch said that the “illegal tool down’’ strike by the workmen of Bangalore plant was withdrawn from the night shift of March 9 following the agreement between the management and the workmen union.
The company had earlier stated that the workers had gone on tool down strike with effect from the end of first shift of March 7 “without giving any prior notice to the management’’.
The stock jumped Rs 84.60 to Rs 8,390 on the BSE in the morning trade.