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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%.

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 ...

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.

Ultratech Cement on Tuesday announced its entry into the wires and cables segment and will invest Rs 1,800 crore to set up a plant in Gujarat over the next two years as part of plans to expand its ...

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The Aditya Birla Group's flagship company also said it will enter wires and cables segment with Rs 1,800-crore capex. As per scheme of arrangement, one share of UltraTech Cement will be issued for ...