Polycab India shares slump up to 7% on wires-cables entry fears
Polycab India shares fell as much as 7% in Friday trading, snapping the prior day’s gains. Analysts cited UltraTech Cement’s entry into wires and cables as potential near-term sector de-rating.
Polycab India shares fell as much as 7 percent in Friday's session, snapping the previous day's gains, as analysts said UltraTech Cement's entry into the wires and cables segment could lead to a near-term de-rating for the sector.The stock hit an intraday low of Rs 8,250 per share on the NSE, down…