Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
UltraTech Entry Shocks Wire Cos
Mint New Delhi
|February 28, 2025
UltraTech Cement Ltd's decision to enter the cables and wires (C&W) industry has given the jitters to firms in the sector on fears of heightened competition.
UltraTech Cement Ltd's decision to enter the cables and wires (C&W) industry has given the jitters to firms in the sector on fears of heightened competition. Shares of Polycab India Ltd, KEI Industries Ltd, Havells India Ltd, RR Kabel Ltd and Finolex Cables Ltd fell by 6% to 21% on Thursday. It is also likely that valuations of some stocks were steep to begin with and just needed a trigger.
A concern is that the C&W sector could have a similar fate to that of the paints industry, which has seen new firms enter, weighing on valuation multiples of incumbents. UltraTech's capex for the C&W endeavor is ₹1,800 crore in the next two years. It will set up a plant near Bharuch, which is expected to be commissioned by December 2026.
Esta historia es de la edición February 28, 2025 de Mint New Delhi.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint New Delhi
Mint New Delhi
Groww's stock valuation needs consistent growth support
Billionbrains Garage Ventures Ltd (Groww) shares jumped over 10% on Tuesday during trading hours, hitting a new high of ₹216.75 apiece.
1 mins
April 22, 2026
Mint New Delhi
HOW MUTUAL FUNDS STAYED FIRM IN MARCH
In equity markets, an acid test for new investors is how they respond when a crisis hits and the market crumbles.
4 mins
April 22, 2026
Mint New Delhi
Govt plots data fix to ease health insurance
New index will offer consumers visibility into how insurers handle claims
3 mins
April 22, 2026
Mint New Delhi
Apple's choice
Will Apple return to its roots for inspiration to survive the age of artificial intelligence (AI)? This question arises from news of CEO succession at the US-based company.
1 min
April 22, 2026
Mint New Delhi
Apple CEO shift: A hardware bet in the age of AI
Apple has named John Ternus as its next CEO, succeeding Tim Cook.
2 mins
April 22, 2026
Mint New Delhi
Decent wages and the viability of industry are not in contradiction
We need Centre-state coordination and an analysis of labour market dynamics to find a way out
3 mins
April 22, 2026
Mint New Delhi
TN POLLS: WHY THE DRAVIDIAN DUOPOLY IS UNDER FIRE
A four-cornered contest has made the electoral outcome difficult to predict in Tamil Nadu
8 mins
April 22, 2026
Mint New Delhi
HCL flags slow lane after surge in FY26
HCL Technologies Ltd closed the previous fiscal year (FY26) with its fastest revenue growth in three years, but flagged a slower outlook for the current fiscal year amid an uncertain demand environment.
2 mins
April 22, 2026
Mint New Delhi
Consumer sentiment wilts as prices rise
India's consumer demand is showing clear signs of softening, with inflation pressures amid volatile crude oil prices and a weak monsoon outlook beginning to weigh on spending across categories.
3 mins
April 22, 2026
Mint New Delhi
Slower IPO plans push Infra.Market founders to debt
Tiger Global-backed Infra.Market’s founders are taking on personal debt through their promoter entity, Silverline Homes Pvt. Ltd, to inject fresh capital into the company, as market volatility clouds its valuation and delays its planned initial public offering (IPO), three people aware of the matter told Mint.
1 mins
April 22, 2026
Listen
Translate
Change font size