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

Hero MotoCorp plunges as its Gurgaon unit workers plan hunger strike (27-Feb-2013)

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.

   

 


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