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Tata Motors dips after flash strike at Sanand plant

Shares of Tata Motors were down nearly 3% at Rs 309 on the Bombay Stock Exchange after around 400 workers at the site went on a flash strike on Tuesday demanding re-instatement of 28 suspended workers.

A Tata Motors spokesperson said in a statement, “Around 300 workmen of Tata Motors, Sanand Plant, have gone on an illegal flash sit-in strike on February 22, 2016, demanding re-instatement of the workmen suspended (pending enquiry) for serious misconduct. While the Management team is continuing to make efforts to talk to the workmen on strike and convince them to restore normalcy, plant operations are simultaneously continuing." Click here for the full report

The stock opened at Rs 316 and touched a low of Rs 307. At 12:20pm, over 3.7 million shares were traded on both the stock exchanges.