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Wire & cable manufacturers crash more than 17%, but why?

On February 27, 2025, shares of major wire and cable manufacturers nosedived, falling between 15–20% intraday, with several stocks hitting their lower circuits before closing with heavy losses.

UltraTech Cement, part of the Aditya Birla Group, is India’s largest cement manufacturer. Traditionally known for cement and concrete, the company has gradually expanded...