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

IDFC rises on getting nod to raise Rs 80,000 crore via issue of non-convertible securities

IDFC is currently trading at Rs. 132.70, up by 1.10 points or 0.84% from its previous closing of Rs. 131.60 on the BSE.The scrip opened at Rs. 131.50 and has touched a high and low of Rs. 133.05 and Rs.......

L&T gains as its arm bags orders worth Rs 1,489 crore in Rajasthan

Larsen & Toubro (L&T) is currently trading at Rs. 1622.70, up by 5.80 points or 0.36% from its previous closing of Rs. 1616.90 on the BSE.The scrip opened at Rs. 1616.00 and has touched......

Godrej Consumer Products gains on receiving RBI's nod to increase FII limit to 40%

Godrej Consumer Products is currently trading at Rs. 1346.50, up by 40.95 points or 3.14% from its previous closing of Rs. 1305.55 on the BSE.The scrip opened at Rs. 1324.80 and has touched a high and......

Top News

View all news

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......