Economic TimesLean R·
Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days
UltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable.
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