Announced Tue, 7 Jul · 17:05 IST
Ruby Mills resumes Dhamni weaving operations after illegal strike resolved
RUBYMILLS · price
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Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹341.25
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+7.1+12.5+11.4+11.9+13.3+21.6————
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AI summary
Ruby Mills informs that workers at its Dhamni weaving division, who had been on an illegal strike since June 30, 2026, have resumed work on July 7. The matter was resolved with intervention of the local Labour Commissioner, police authorities, and an Industrial Court restraining order. Loss of standing charges is around Rs 35 Lakhs. The company expects normalcy and is approaching the Regional Industrial Labour Court for further action.
Likely market impact
Operations back to normal after brief disruption. Minor financial loss of about Rs 35 Lakhs. No major impact on financials expected.