UltraTech’s entry into cables & wires shocks KEI, Polycab and Havells stocks
Source: Live Mint 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. Shares of Polycab India Ltd, KEI Industries Ltd, Havells India Ltd, RR Kabel Ltd and Finolex Cables Ltd fell by 5% to 20% on Thursday. It is…