Wired for a shock: UltraTech entry jolts Polycab, Havells, other cables and wires stocks
- Posted on February 27, 2025
- By Business News Today
- 2 Views
Wired for a shock: UltraTech entry jolts Polycab, Havells, other cables and wires stocks
Shares of wires and cables manufacturers plunged as UltraTech Cement announced its foray into the industry. Polycab India and KEI Industries hit 10% lower circuits. UltraTech plans to become a holistic building solutions provider with Rs 1,800 crore capex, sparking fears of margin pressures and competition.
