{"id":6363,"date":"2025-02-27T11:39:15","date_gmt":"2025-02-27T06:09:15","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=6363"},"modified":"2025-02-27T11:39:17","modified_gmt":"2025-02-27T06:09:17","slug":"kei-industries-polycab-havells-stocks-plunge-as-ultratech-cement-enters-wires-cables-segment","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/kei-industries-polycab-havells-stocks-plunge-as-ultratech-cement-enters-wires-cables-segment\/","title":{"rendered":"KEI Industries, Polycab, Havells Stocks Plunge as UltraTech Cement Enters Wires &#038; Cables Segment"},"content":{"rendered":"\n<p>Shares of UltraTech Cement fell nearly 4% on February 27 after the company announced its entry into the wires and cables (C&amp;W) segment with an investment of \u20b91,800 crore. The move triggered a sharp sell-off in existing players, with KEI Industries and Polycab India plunging 17% and 14%, respectively. Havells India dropped 5.1%, while RR Kabel sank 12%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>UltraTech Cement\u2019s Plan for the C&amp;W Market<\/strong><\/h3>\n\n\n\n<p>UltraTech Cement is also opening a wires and cables manufacturing plant in Bharuch in Gujarat with a target date of December 2026. The project is in tandem with plans by the firm to expand its activities from cement into a complete range of building solutions.<\/p>\n\n\n\n<p>Despite competitive concerns, broker Nuvama Institutional Equities held that UltraTech expansion might have a modest impact on the sector by FY28 in light of the highly fractured market. The sector leader does not have a market share that is more than 18%, with distribution challenges likely to hinder sector growth in case of UltraTech.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Analysts Weigh In<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Jefferies<\/strong> believes any sharp decline in UltraTech Cement\u2019s stock presents a <strong>buying opportunity<\/strong>, as C&amp;W sales channels differ from cement.<\/li>\n\n\n\n<li><strong>Citi<\/strong> noted that while the move is relatively small in scale, it might <strong>dilute UltraTech\u2019s image as a cement pure-play<\/strong>.<\/li>\n\n\n\n<li>The <strong>\u20b91,800 crore investment<\/strong> represents <strong>13% of UltraTech\u2019s free cash flow over the next two years<\/strong>, with the new business expected to generate <strong>\u20b91,200 crore in revenue by FY27<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>The development has shaken investor sentiment in the wires and cables sector, leading to significant losses in key stocks. However, analysts believe the long-term impact remains uncertain and will depend on UltraTech\u2019s execution and further investment plans.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <strong><a>media@lakshmishree.com<\/a><\/strong>.<\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/ultratech-cement-shares-in-focus-amid-foray-in-cables-wires-segment-with-rs-1-800-crore-capex-12951435.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/ultratech-cement-shares-in-focus-amid-foray-in-cables-wires-segment-with-rs-1-800-crore-capex-12951435.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a>.<\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of UltraTech Cement fell nearly 4% on February 27 after the company announced its entry into the wires and cables (C&amp;W) segment with an investment of \u20b91,800 crore. The move triggered a sharp sell-off in existing players, with KEI Industries and Polycab India plunging 17% and 14%, respectively. Havells India dropped 5.1%, while RR [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1039],"class_list":["post-6363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ultratech-cement"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6363"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6363\/revisions"}],"predecessor-version":[{"id":6365,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6363\/revisions\/6365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6364"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}