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Oct 04, 2012, 06.51 PM IST | Source: CNBC-TV18

Unions of other motor companies protest Maruti layoffs

Unions of Honda Motorcycles & Scooters and Hero Motocorp have assembled at Jantar Mantar to protest against Maruti sacking off 543 workers in August. Maruti Suzuki's Gurgaon union is also part of the protests.

Unions of Honda Motorcycles & Scooters and Hero Motocorp have assembled at Jantar Mantar to protest against Maruti sacking off 543 workers in August.

Maruti Suzuki 's Gurgaon union is also part of the protests. Meanwhile, SY Siddiqui of Maruti Suzuki is firm that irrespective of what the SIT probe report says the company will not change the decision on the laid off workers, reports CNBC-TV18.

SY Siddiqui, COO - administration, Maruti Suzuki, says that in terms of our current stand on those people who have been found involved based on the evidence provided by the injured people in Maruti, there's no question of going back on that decision. But to a great extent that will impact the counter measures we take for future. The SIT report will be important from that perspective.

 

Hero Motocorp stock price

On September 02, 2014, Hero Motocorp closed at Rs 2801.65, up Rs 42.40, or 1.54 percent. The 52-week high of the share was Rs 2820.40 and the 52-week low was Rs 1879.00.


The company's trailing 12-month (TTM) EPS was at Rs 106.33 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 26.35. The latest book value of the company is Rs 280.43 per share. At current value, the price-to-book value of the company is 9.99.

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