VERIFIEDET Stocks·8 Sept 2026negative

Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?

AI Summary

·Copper prices have reached record high levels, increasing manufacturing expenses.
·UltraTech's Ultravolt is entering the Indian wires and cables sector, intensifying competition.
·Companies are implementing price increases due to rising input costs, leading to investor concerns about competition and profit margins.