Shares of major players in the cables and wires segment came under significant selling pressure in today's session, February 27, after UltraTech, an Aditya Birla Group company, announced its entry ...
Shares of wires and cables manufacturers plunged as UltraTech Cement announced its foray into the industry. Polycab India and ...
Stocks like Havells, KEI, Polycab and RR Kabel slipped as much as13 percent intra-day on the news of entry of Ultratech in this segment. The cable and wire stocks are in focus this morning.
Against this backdrop, shares of Polycab India, which is the largest cables & wires company in India hit the 10% lower circuit in today's session, reaching ₹5,189 apiece, while those of KEI Industries ...