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Polycab, KEI Industries, RR Kabel, Havells face de-rating, target price cut as UltraTech forays into cables & wires
UltraTech Cement’s foray into the cables and wires (C&W) sector is expected to be a disruptive development, potentially leading to a de-rating in valuation multiples
UltraTech’s entry into cables & wires shocks KEI, Polycab and Havells stocks
UltraTech Cement Ltd’s decision to enter the cables & wires (C&W) industry has caused jitters across stocks in the sector on fears of heightened competition.
Cables & Wires Stocks: Polycab 15%, KEI 19%, Havells & Finolex 6% shares crash after UltraTech’s Big Move
Shares of Polycab, KEI Industries, RR Kabel, Havells and Finolex Cables crashed on Thursday following UltraTech’s entry into cables & wires (C&W) space. UltraTech stock