Shares in India’s wire and cable sector decline after several companies implement price hikes on selected wire and cable products. NDTV reports that Polycab India and Finolex Cables carry out such hikes following a rise in copper prices, with the impact appearing in stock movements.
The outlet links the decision to changing input costs, particularly copper, which is a key raw material for cables. Channel checks cited by NDTV indicate the hikes cover specific product categories rather than company-wide pricing. As a result, trading in the stocks of Polycab, Finolex, and RR Kabel turns negative, with the decline reported up to about 6% for some shares. While NDTV focuses on the immediate market reaction and pricing changes, it does not provide additional figures on demand effects or the size of the price increases beyond tying them to copper.
