Jan 24, 2013, 08.42 AM IST
The management of two-wheeler major Hero MotoCorp and its Gurgaon plant workers will meet again for fresh rounds of talks from Friday in the presence of Haryana Deputy Labour Commissioner to break a five-month long deadlock over wage settlement.
The initial wage negotiations, which started during late-August 2012, remained inconclusive and fell apart on January 21. The matter was referred to the Deputy Labour Commissioner (DLC) of the region for further deliberations.
"After the initial talks broke on Monday, the two parties will again sit for discussions on January 25. This time it will be in the presence of a higher authority, which is DLC," a source close to the development said.
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Hero Motocorp stock price
On December 06, 2013, Hero Motocorp closed at Rs 2098.70, up Rs 47.75, or 2.33 percent. The 52-week high of the share was Rs 2149.65 and the 52-week low was Rs 1434.05.
The company's trailing 12-month (TTM) EPS was at Rs 104.77 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.03. The latest book value of the company is Rs 250.70 per share. At current value, the price-to-book value of the company is 8.37.
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