Wire & Cable Stocks: UltraTech Entry Sparks Volatility | Are Polycab, KEI Still Buys?

UltraTech Cement’s entry into the wires and cables industry has triggered volatility across stocks such as Polycab and RR Kabel. The new entrant could pressure valuations in the near term, but the overall market opportunity remains large, driven by power generation and data centre demand. Avinash Gorakshakar, Founder, Avinash Mentor Research, says sentiment may remain cautious initially, but execution, order growth and financial performance will determine the long-term winners. He highlights Finolex, KEI Industries and Polycab as potential accumulation opportunities during significant corrections. The expert believes their strong businesses remain largely protected despite increasing competition and the sector’s evolving competitive landscape.