VERIFIEDEconomic Times News·8 Sept 2026negative

Ultravolt launch sparks sell-off in wire stocks; high-voltage players insulated

AI Summary

·Wire and cable industry stocks declined due to rumors of Ultravolt's market entry.
·Ultravolt, an initiative by the Aditya Birla Group, plans a nationwide distribution and retail network.
·Polycab and Havells experienced falling stock prices, while mid-to-extra high voltage players may be insulated.