KEI Industries witnessed a more than 3% rise in its share price to Rs 4,565 on June 21 following the resolution of a labour strike at its two units. The strike had caused production losses amounting to approximately Rs 10 crores, as disclosed in a filing with the stock exchange.
According to KEI Industries, operations at its Rakholi and Chinchpada units, which were affected by the strike, have now returned to normal. The company stated its intention to swiftly scale up production to compensate for the lost output.
