As of Tuesday, Polycab, KEI Industries, R R Kabel and Quadrant Future Tek were down up to 24% from their respective 52-week highs touched in September.
Nuvama said UltraTech's scale ambition could intensify industry competition and its aggressive posturing on capacity, portfolio, and distribution could drive an interim de-rating for C&W industry
R R Kabel share price: The stock price of the wires & cables company quoted higher for the third straight trading day, soaring 16 per cent during the period.
In the past one month, the stock price of RR Kabel surged 21 per cent, as against 2.5 per cent rise in the BSE Sensex.
In the past six months, the market price of RR Kabel zoomed 60%, while Polycab India and KEI soared 41% and 38%, respectively, as against a 9% decline in the BSE Sensex.
Motilal Oswal Financial Services has maintained a 'Neutral' rating on R R Kabel with a target price of ₹2,020 per share
The W&C business remained the key growth driver, delivering strong growth across domestic and export markets with healthy profitability despite volatility and challenges due to recent global conflicts