Maruti Suzuki workers on strike; stock slips 5%

Maruti Suzuki India said that the comapny's workers went on strike again. The comapny's property has been set on fire and 40 managers and executives got injured. The workers also damaged office furniture and broke glass panels. Workers’ union has been prevented management from taking disciplinary action, reports CNBC-TV18.

It touched an intraday high of Rs 1,175.00 and an intraday low of Rs 1,153.50. At 09:16 hrs the share was quoting at Rs 1,159.85, down Rs 64.45, or 5.26%.

It was trading with volumes of 30,624 shares. In the previous trading session, the share closed up 2.31% or Rs 27.70 at Rs 1,224.30.

The company's trailing 12-month (TTM) EPS was at Rs 79.22 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 14.72. The latest book value of the company is Rs 536.59 per share. At current value, the price-to-book value of the company was 2.17. The dividend yield of the company was 0.64%.