For the size of UltraTech, the balance sheet and the presence it has in the cement looks like a small investment of about Rs 1,800 crore. So, I do not think for UltraTech, it is going to move the needle too much.
Hindustan Copper shares rose after the company announced a Rs 7,000 crore investment over the next 5-6 years and signed MoUs with major PSUs to
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100
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