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ULTRACEMCO

10,426.00▼ 232.00 (-2.18%)
Last 2 days · 15m candles9/10/2026, 02:58:01
Open: 10,618.00High: 10,675.00Low: 10,426.00Prev: 10,658.00
Positive
6
Neutral
19
Negative
5

News mentioning ULTRACEMCO

Sentiment: +3%← All news
VERIFIEDET Markets·31d★ ON YOUR LIST
Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days
AI summary· NEGATIVE
  • ·UltraTech's Rs 1,800 crore investment in wires and cables has led to a Rs 21,500 crore selloff in listed peers.
  • ·The selloff is driven by investor concerns over intensified competition impacting market share, pricing, and margins.
  • ·While house wires and light-duty cables are under immediate pressure, higher-voltage segments are less affected.
VERIFIEDET Stocks·31d★ ON YOUR LIST
Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days
AI summary· NEGATIVE
  • ·UltraTech's Rs 1,800 crore investment in wires and cables has led to a Rs 21,500 crore selloff in listed competitors over two days.
  • ·The entry is expected to intensify competition, impacting market share, pricing, and margins, particularly for house wires and light-duty cables.
  • ·Analysts are positive on the long-term growth of the industry but note that current high valuations make existing players vulnerable.