Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Hero MotoCorp plunges as its Gurgaon unit workers plan hunger strike

27-Feb2013

Hero MotoCorp plunges as its Gurgaon unit workers plan hunger strike

Hero MotoCorp' is currently trading at Rs. 1673.00, down by 17.20 points or 1.02% from its previous closing of Rs. 1690.20 on the BSE.

The scrip opened at Rs. 1690.95 and has touched a high and low of Rs. 1696.00 and Rs. 1661.20 respectively. So far 5374 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2278.50 on 02-May-2012 and a 52 week low of Rs. 1645.00 on 15-Feb-2013.

Last one week high and low of the scrip stood at Rs. 1710.00 and Rs. 1655.00 respectively. The current market cap of the company is Rs. 33447.66 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.09% and 8.70% respectively.

Hero MotoCorp's Gurgaon unit workers have decided to go on hunger strike from February 28 to demand higher wages. Members of Hero MotoCorp Workers' Union (HMCWU, Gurgaon unit) had taken this decision in a meeting on February 26 with members of the company's Dharuhera facility. 

Two-wheeler manufacturer's workers at the Gurgaon unit have been asking for the wage hike from past two months. They have been sporting black arm-bands and have stopped taking tea and snacks offered by the company expressing their protest. The employees are demanding an increment of around Rs 15,000 in monthly salary, spread over a period of three years, but the management is reluctant to increase wages beyond Rs 7,500-9,000 in monthly settlement.

   

 


Related News

View all news

Union Bank surges on entering into partnership with Maharashtra for OTC tax collection

Union Bank of India is currently trading at Rs. 164.30, up by 4.05 points or 2.53% from its previous closing of Rs. 160.25 on the BSE.The scrip opened at Rs. 159.50 and has touched a high and low of Rs.......

Stone India surges on bagging order for supply, installation, commissioning of Passenger Elevators

Stone India is currently trading at Rs. 91.25, up by 3.05 points or 3.46% from its previous closing of Rs. 88.20 on the BSE.The scrip opened at Rs. 89.35 and has touched a high and low of Rs. 92.80 and......

SKS Microfinance surges on transforming operations with IBM MobileFirst solution

SKS Microfinance is currently trading at Rs. 447.00, up by 23.00 points or 5.42% from its previous closing of Rs. 424.00 on the BSE.The scrip opened at Rs. 438.25 and has touched a high and low of Rs.......

Top News

View all news

Dr Reddy's,Ashok Leyland, Fortis Healthcare and Welspun Corp to see some action today

US Food and Drug Administration (USFDA) has extended deadline for Dr Reddy's laboratories to respond to its warning letters till December 7, 2015. The company is in the process of preparing a response......

Idea, Hero MotoCorp and Dr Reddy's to see some action today

Idea Cellular has entered into agreement with Videocon Telecommunications for acquiring right to use spectrum of Gujarat and Uttar Pradesh (West) for Rs 33.10 billion. This agreement for the company's......

Hexaware, Lanco Infratech and Petronet LNG to see some action today

Hexaware Technologies has entered into a strategic partnership with Blue Prism, the leading developer of robotic process automation (RPA) software, to transform support processes by enabling rapid automation......