Ceat shares up over 4% after workers call off strike

MUMBAI: Shares of tyre maker Ceat today rose by over 4 per cent after the company said its workers at the Nasik plant have called off a flash strike.

The stock ended at Rs 685.55, up 4.20 per cent on the BSE. During the day, the scrip gained 5.94 per cent to Rs 697.

At the NSE, the stock climbed 4.08 per cent to Rs 682.10. In terms of volume, 3.40 lakh shares of the company changed hands at the BSE, while over 9 lakh shares were traded at the NSE during the day.

"Workmen of the company's Nasik plant went for a flash strike from second shift on June 26, 2014 which has been called off by the second shift on June 27, 2014, with the intervention of Deputy Labour Commissioner," Ceat said in a BSE filing today.

Meanwhile, the broader market was also strong with the BSE's 30-scrip index, Sensex, surging 313.86 points to close at 25,413.78.