Polycab, Havells India, KEI Industries shares fall up to 20% after UltraTech’s announcement
Wires and Cable stocks like Polycab Ltd., Havells India Ltd., KEI Industries Ltd., RR Kabel Ltd. and Finolex Cables Ltd. have declined up to 21% on Thursday, February 27. The fall comes after India’s largest cement company, UltraTech Cement Ltd., announced a foray into this space on Tuesday. Shares of Polycab and RR Kabel are down…