Polycab shares fall after Aditya Birla launches UltraVolt wires venture
Polycab opened at ₹8,549.90, down 3.12% from ₹8,825, as other wires and cables stocks also declined after Aditya Birla Group launched UltraVolt under UltraTech Cement. The wires business targets second-largest capacity at launch, plans to train thousands of electricians via Skill India, and aims major market ranking growth over five years.