Shares of Eicher Motors Ltd rose as much as 6.2 per cent to Rs 23,286.4, their highest since October 17, as a 50-day strike at Royal Enfield's Oragadam facility ended effective Tuesday.
According to a company statement, all three plants of the company are now operational at full capacity.
A part of the workforce at Eicher Motors' Oragadam facility had walked out in September demanding higher pay, job security and a right to form unions to collectively bargain.
Loss of production was 28,000 motorcycles during the period of strike, Eicher said.
Eicher shares marked sharpest intraday percentage gain since October 12; the stock was the top percentage gainer on the NSE index. Eicher stock had fallen 27.7 per cent this year as of last close.