GENERAL4 Sept 2026
Ultravolt impact on cable-wires stocks: KEI, Polycab, RR Kabel, Finolex price plunge; Aditya Birla Group's ₹1,800 cr bet
On Friday, shares of top cable-wire companies like KEI, Polycab, RR Kabel, and Finolex dropped sharply. The reason: Aditya Birla Group is entering the wires and cables business with an ₹1,800 crore investment under the name UltraVolt. Investors fear this new competition will eat into existing players' market share. If you hold these stocks, keep an eye on market trends.
Key Statutory Highlights
- On Friday, 4 September, KEI, Polycab, RR Kabel, and Finolex shares fell due to fears of increased competition.
- Aditya Birla Group is investing ₹1,800 crore in a new wires and cables business named UltraVolt, housed under UltraTech.
- KEI crashed over 8%, Polycab plunged 6%, Finolex and RR Kabel dropped 5%, and Havells fell over 3% in early trade.
Actionable Advice for Taxpayers / Founders:If you own shares in cable-wire companies, watch how UltraVolt's launch unfolds and consult a financial advisor before making any investment moves.
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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