SENSEX NIFTY
Jun 24, 2011, 01.01 PM IST | Source: Reuters

MRF says Kerala plant lock-out ends

Tyremaker MRF said a lock-out at its plant in Kerala has been lifted effective Friday morning.

MRF says Kerala plant lock-out ends

Tyremaker MRF said a lock-out at its plant in Kerala has been lifted effective Friday morning.

The meeting was convened by Regional Joint Labour Commissioner Vincent Alex to find a solution to the differences between the management and the unions on trivial issues.

The plant will start operation on Friday morning, MRF sources said. The suspension of three employees’ leaders have been revoked. The Regional Joint Labour Commissioner will study other issues and submit his report within a week.

On Wednesday, the firm had declared a lock-out in the unit due to labour unrest causing its shares to fall more than 5%.

MRF stock price

On September 30, 2014, MRF closed at Rs 32629.40, up Rs 1,622.85, or 0.00 percent. The 52-week high of the share was Rs 32837.45 and the 52-week low was Rs 13251.50.


The company's trailing 12-month (TTM) EPS was at Rs 1803.95 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.09. The latest book value of the company is Rs 8594.71 per share. At current value, the price-to-book value of the company is 3.80.

READ MORE ON  MRF, lock-out, labour unrest
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