Polycab India’s stock plunged sharply as UltraTech Cement announced its entry into the cables and wires sector with a ₹1,800 ...
First it was the paint industry, and this week it was the turn of stocks of the wires & cable sector to suffer cuts because ...
Polycab, KEI Industries and R R Kabel stock crashed 20%, UltraTech shares end nearly 5% lower. Analysts predict mild negative ...
Polycab share price tumbled 17.6% in today’s session, reaching ₹4,751 apiece, while those of KEI Industries crashed 20% to ...
Shares of wires and cables manufacturers Polycab, KEI Industries and Havells fell up to 20% on Thursday as investors fear ...
The recovery followed a sharp selloff on Thursday, triggered by HSBC cutting target prices for major wires and cables ...
Polycab India share price dropped as much as 15.6%, while KEI Industries and RR Kabel fell 20% and 14%, respectively.
UltraTech Cement to invest ₹1,800 crore in cables and wires segment, impacting market value of cable companies.
Even though the brokerage cuts the price targets, it still keeps ‘buy’ ratings on Polycab, Havells India, and R R Kabel.
Shares of select wire & cables companies including Polycab, Havells, KEI Industries and RR Kabel tanked up to 14% during the ...
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 ...
Shares of Polycab and RR Kabel ended 19% lower each, while those of Havells India closed 6% lower. KEI Industries shares fell ...