GENERAL11 Sept 2026
Havells, KEI: W&C stocks fall up to 16% in one week post UltraTech's entry
Wires and cables shares fell as much as 16% in a week after UltraTech launched 'Ultravolt', entering a market long led by Polycab, Havells India and KEI. Mayank Jain of Share.Market by PhonePe says the correction has created clear support and resistance levels on these charts. If you hold these stocks, avoid panic selling and track those levels before you act.
Key Statutory Highlights
- Wires and cables stocks, including Polycab, Havells India and KEI, fell up to 16% in one week.
- The fall came after UltraTech launched a product called 'Ultravolt' in this space.
- Mayank Jain of Share.Market by PhonePe flagged key support and resistance levels for these three stocks.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy these wires and cables stocks, treat the levels mentioned as reference points only and check your own holding period and risk comfort before deciding.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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