Introduction:
Cable stocks witnessed significant selling pressure on February 27 after a major player announced its entry into the ₹845 billion cables and wires market. This move raised concerns about intensified competition, potential pricing pressures, and market shifts that could impact existing players in the segment.
The new entrant aims to become a comprehensive building solutions provider by investing ₹18 billion in the C&W segment, with commissioning expected by December 2026. Industry projections indicate that demand and supply may reach a balanced state in the next three to four years, supporting steady market growth.
The cables and wires industry has seen rapid expansion due to government infrastructure initiatives, rising nuclear families, rural electrification, and increasing exports. While the impact of new competition is uncertain, industry revenue is projected to grow at a 13% CAGR, maintaining stability until at least FY28.
Polycab India Limited
On February 27, 2025, Polycab India Limited opened at ₹5,400.00, reaching a high of ₹5,400.00 and a low of ₹4,751.15, down 17.13% from its previous close of ₹5,765.60. Currently, it is trading at ₹4,778.00, with a market cap of ₹71,916.40 crore.
Polycab India Limited is the largest cables and wires manufacturer in India, offering a diverse range of electrical solutions, including FMEG products. Known for its strong distribution network and innovation, the company plays a key role in India’s power and infrastructure sectors.
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KEI Industries Limited
On February 27, 2025, KEI Industries Limited opened at ₹3,450.00, reaching a high of ₹3,450.00 and a low of ₹2,985.10, down 19.94% from its previous close of ₹3,797.85. Currently, it is trading at ₹3,040.40, with a market cap of ₹29,051.81 crore.
KEI Industries Limited specializes in manufacturing and marketing electrical cables, wires, and stainless-steel wires. With a strong presence in both domestic and international markets, the company serves industries such as power, railways, oil & gas, and infrastructure projects.
Havells India Limited
On February 27, 2025, Havells India Limited opened at ₹1,472.00, reaching a high of ₹1,476.00 and a low of ₹1,402.20, down 5.66% from its previous close of ₹1,547.90. Currently, it is trading at ₹1,460.30, with a market cap of ₹91,552.30 crore.
Havells India Limited is a leading electrical goods company, offering a wide range of consumer and industrial products, including cables, switchgear, lighting, and home appliances. The company is known for its strong brand presence, innovation, and robust distribution network.
R R Kabel Limited
On February 27, 2025, R R Kabel Limited opened at ₹1,086.05, reaching a high of ₹1,097.60 and a low of ₹916.60, down 16.70% from its previous close of ₹1,110.50. Currently, it is trading at ₹925.00, with a market cap of ₹10,458.83 crore.
R R Kabel Limited is a key player in India’s cables and wires industry, manufacturing electrical and communication cables. The company focuses on safety, efficiency, and technological advancements, catering to residential, industrial, and commercial markets both domestically and globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
