Mumbai, Feb. 27 -- Polycab India (down 15%), KEI Industries (down 15%), RR Kabel (down 13%), Havells India (down 7.6%) and Finolex Cables (down 5.07%) slumped.

Meanwhile, Ultratech Cement slumped 5.27% to Rs 10390.

UltraTech Cement, a prominent Aditya Birla Group company, revealed its plan to diversify into the wires and cables segment, allocating Rs 1,800 crore for capital expenditure over the next two years. The company aims to capitalize on its established manufacturing prowess and existing customer relationships to deliver high-quality products.

The new manufacturing facility will be strategically located near Bharuch, Gujarat, and is expected to be operational by December 2026. UltraTech's move is driven by the burgeoning demand f...