Shares in the cables and wires sector fell sharply on February 27 after UltraTech announced its entry into the market, raising concerns about competition and pricing. Polycab India and KEI Industries ...

Among key cable and wire players, KEI Industries shares saw the sharpest fall, as the stock fell as much as 20% during the day to Rs 3,038.3 apiece on the NSE.

The cables and wires sector, a crucial segment of the electrical industry, is facing some challenging times ahead. While ...

UltraTech Cement’s unexpected investment in the wires and cables sector with a ₹1,800 crore capex plan has caused shares of major players like Polycab, KEI, and Havells to plummet. This move raises ...

A primary concern is that the cables & wires sector could have a similar fate to that of the paints industry, which has seen new companies enter in recent years, causing valuation multiples of ...

Shares of Polycab and RR Kabel ended 19% lower each, while those of Havells India closed 6% lower. KEI Industries shares fell 21%, while those of Finolex Cables also ended with losses of 6%. Together, ...

Stocks of Polycab India, KEI Industries, and UltraTech Cement rise despite market weakness, with brokerages maintaining buy ...

Polycab India shares had gained 32% in 2024. With today's fall, the stock has given up all that it had gained in the previous year.

UltraTech Cement had said that the entry through its building products division, is in line with the company’s strategy to strengthen its position as a comprehensive building solutions provider ...

Leading investment bank UBS revised its outlook on key C&W players, maintaining a 'Buy' on KEI Industries, but lowered target ...

UltraTech Cement's entry into the cables and wires sector with a Rs 1,800 crore investment triggered a sharp sell-off, with KEI Industries, Polycab, and Havells plunging up to 17 percent.

The cables & wires industry has been growing rapidly ... It retains a bullish stance on KEI Industries, Polycab, and Havells.