Cable stocks crash up to 8% as UltraTech launches Ultravolt; Polycab, KEI, RR Kabel among top losers

Moneycontrol.com 2 h

India

Cable stocks crash up to 8% as UltraTech launches Ultravolt; Polycab, KEI, RR Kabel among top losers — Sources: Moneycontrol.com

Shares of Polycab India, KEI Industries, RR Kabel and other wires and cables makers fell sharply after UltraTech launched its Ultravolt brand, intensifying competition in the fast-growing segment. UltraTech aims to become one of India

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Cable stocks crash up to 8% as UltraTech launches Ultravolt; Polycab, KEI, RR Kabel among top losers

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