Why did Cable Stocks Crash by Up to 20%?
On 27 February 2025, Indian cable stocks saw a major crash as Aditya Birla’s flagship company and India’s Cement Giant, UltraTech Cement, announced its major entry into the cables and wires market. UltraTech Entry into Cable Industry The company has ambitious plans to invest Rs. 1,800 crores over 2 years to set up a production … Read more