Labour woes hit Bajaj Auto; workers to strike from Apr 28

The workers have demanded they be given 500 shares of the company for Rs 10 each.

Labour trouble seems to plague  Bajaj Auto yet again. The auto major's 850 permanent workers at Chakan plant have announced an indefinite strike effective April 28.

The workers have demanded they be given 500 shares of the company for Rs 10 each.

As per the company's closing share price, the value of the shares stands at Rs 10 lakh which the Union hopes to get for Rs 5,000. However Bajaj Auto has said that they will steadfastly oppose the demand.

Bajaj Auto stock price

On April 16, 2014, Bajaj Auto closed at Rs 2000.40, down Rs 5.45, or 0.27 percent. The 52-week high of the share was Rs 2193.85 and the 52-week low was Rs 1683.35.

The company's trailing 12-month (TTM) EPS was at Rs 112.15 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 17.84. The latest book value of the company is Rs 273.08 per share. At current value, the price-to-book value of the company is 7.33.

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