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Polycab share price: Shares of wires and cables manufacturers plunged as UltraTech Cement announced its foray into the industry. Polycab India, KEI Industries, Havells and RR Kabel fell up to 20%.

The cable and wire stocks are in focus this morning. Stocks like Havells, KEI, Polycab and RR Kabel plunged as much as 13 percent intra-day on the news of entry of Ultratech in this segment.

Shares of UltraTech Cement Ltd., which are trading with losses for the seventh-straight sessions, fell 5% on Thursday, February 27, after announcing a foray into the wires and cables business.

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Shares of cables and wires companies witnessed sharp selling on Thursday, with top players Polycab India, KEI Industries, RR Kabel, Havells India, and Finolex Cables falling up to 20%. The sell-off in ...

UltraTech Cement, India’s largest cement manufacturer, announced its foray into the wires and cables business with an initial capital expenditure of ₹1,800 crore over two years. The company ...

Aditya Birla Group foray into the cable and wires (C&W) business through Ultratech, with an investment outlay of Rs 1,800 crore, is weighing on the share prices of the leading players in the industry.

This acquisition, effective from March 1, values Kesoram at Rs 7,600 crore. UltraTech will also enter the wires and cables market with a Rs 1,800 crore investment. Kesoram's cement units will ...