Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What
- Posted on September 4, 2026
- By Business News Today
- 0 Views
- 1 min read
In brief
Generating AI summary…
Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What
Shares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Brokerages warned that the Aditya Birla Groups aggressive entry could trigger near-term de-rating across the cables and wires sector, although Nuvama retained Polycab and KEI as its top picks.
