Chart of the day: Maruti stock’s performance during labour unrest in 2011

Riken Mehta

Here is how Maruti shares fared during the labour unrest that began on June 4 last year, and which continued in phases before it was finally resolved on October 20. The stock shed around 13% and the company suffered an output loss of over 1 lakh vehicles. It is not clear how long the latest bout of worker problem will last. But it comes at a time when sentiment for the sector as a whole is weak because of falling demand. So far this calendar, Maruti shares have risen 21% compared to a 13% rise in the BSE Auto index.

See the chart below. Chronology of Events: A-F


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