{"id":231239,"date":"2026-09-04T12:34:07","date_gmt":"2026-09-04T07:04:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=231239"},"modified":"2026-09-04T12:34:09","modified_gmt":"2026-09-04T07:04:09","slug":"wires-and-cables-stocks-crash-ultravolt-launch-2026-09-04","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/wires-and-cables-stocks-crash-ultravolt-launch-2026-09-04\/","title":{"rendered":"Wires and Cables Stocks Crash as Aditya Birla Group Launches Ultravolt With Rs 1,800 Crore Investment"},"content":{"rendered":"
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Wires and cables stocks crash: KEI -8%, Polycab -6%, Finolex -5%, RR Kabel -5%, Havells -3%. Aditya Birla Group launches Ultravolt under UltraTech, Rs 1,800 cr investment.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Wires and cables stocks crashed sharply on 4 September 2026 after Aditya Birla Group announced the launch of its wires and cables business, Ultravolt, backed by an investment of Rs 1,800 crore. Shares of KEI Industries crashed over 8 percent, Polycab India plunged 6 percent, Finolex Cables and RR Kabel dropped 5 percent each, and Havells India fell over 3 percent during the session. Ultravolt is housed under UltraTech Cement, the group’s flagship company, and is set to begin operations as the second-largest player in the wires segment by capacity, with an ambition to become one of India’s top two players within five years.<\/p>\n<\/div>\n

Wires and cables stocks fell sharply on 4 September 2026 after Aditya Birla Group formally launched its wires and cables business, Ultravolt, a move that intensifies competition in a segment that has so far been dominated by specialised manufacturers. KEI Industries led the declines, crashing over 8 percent, while Polycab India plunged 6 percent.<\/p>\n

Finolex Cables and RR Kabel each dropped 5 percent, and Havells India, whose exposure to wires and cables sits alongside a broader consumer electricals portfolio, fell over 3 percent during the session as the sector-wide selloff extended across both large and mid-cap names.<\/p>\n

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