India's Kirloskar Electric climbs on lockout withdrawal at Bengaluru unit

Kirloskar Electric

21/11/2023 04:09

** Shares of Kirloskar Electric Co  KREL.NS  rise as much as
12.2% to 136 rupees, highest since Oct. 11
    ** Shares last up 5.8%
    ** Co on Monday said management has withdrawn lockout at its
Bengaluru unit
    ** Says it is having regular interaction with labour union
and concerned authority
    ** Co declared lockout from Oct. 16, didn't disclose impact
of lockout
    ** Stock has nearly doubled so far this year, on track for
fourth straight annual gain

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))