Cable 10 % below with Ultratech entry .. Share Effects on Palicab and Kei Shares

On February 27, shares of major companies fell heavy in the sector, when Aditya Birla Group entered the UltraTech Cables and Wire (C&W) sector. UltraTech has entered the area as part of a strategy to become a company that provides ‘building solutions’.

Rupee. UltraTech entry in the cables and wire markets has killed the spirit of investors. There is a concern that the current players will challenge the current players.

Against this background, Palikub India is below 10%. 5,189. Kai industry shares also fell 10%. At the same time, Havildar India is 9% to Rs. Reached 1,140.

The market is also disappointed with low capital allotted to UltraTech sector. It has also dropped the shares of UltraTech Cement.