
Wires and cables sector: UltraTech Cement’s big announcement drags stock by 6%, Mcap down over ₹15,800 crore
Shares of Ultratech Cement on Thursday dropped 5 per cent after the firm announced its entry into the wires and cables segment with an investment of ₹1,800 crore to set up a plant in Gujarat. The stock tanked 4.99 per cent to settle at ₹10,420.65 on the BSE. Intra-day, it slumped 6.39 per cent to...
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