In another instance of labour unrest in the automobile sector, Apollo Tyres has announced a lockout at one of its factories, in Kerala’s Thrissur district, resulting in an estimated daily loss of Rs 3 crore. This unit constitutes a fourth of Apollo’s total daily output.
The management has declared a lockout at the company's manufacturing facility at Perambra (Kerala) with effect from early morning of June 11, on account of labour unrest relating to long-term settlement negotiations.
Apollo Tyres has four factories: Two in Kerala, one in
The lockout has been announced in the wake of indiscipline among workers, as they are not agreeing to produce the contracted amount, which in turn has led to financial and material loss to the company.
The unrest at Perambra was on for some time. The company has informed in April that workers there had resorted to a go-slow, as a pressure tactic for bargaining on a long-term settlement, resulting in considerable drop in production.
At the time, production had fallen to one-sixth the normal daily output. However, things improved and were back to normal until Thursday, when the workers again began a stir. This time, the company decided to announce a complete lockout.
crackcrack
| Company Name | CMP |
|---|---|
| MRF | 128293.45 |
| Apollo Tyres | 484.20 |
| CEAT | 2370.55 |
| Balkrishna Inds. | 3023.80 |
| JK Tyres & Inds. | 401.35 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
