'Ultravolt' shock! Polycab, KEI & others crash up to 8% on de-rating fears

•Polycab India shares dropped 5% to ₹8,300, while KEI Industries cracked 8% to ₹4,848.50 on de-rating fears.

•Ultravolt, backed by ₹1,800 crore, aims to become one of the top two players in the wires segment within five years.

•Analysts predict industry competition will intensify, driving potential de-rating for C&W stocks due to UltraTech's aggressive expansion plans.

•Ultravolt's launch at a pan-India scale makes it a major market disruptor, leveraging UltraTech's cement and raw material expertise.