21% Ka Jhatka: UltraTech entry jolts cable & wire companies, profits on the line

India’s largest cement company has plans to invest ₹1,800 crore over the next two years, and the plant is expected to be commissioned by December 2026. UltraTech shares ended 5% lower on Thursday.

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2 top stock recommendations from Sneha Seth

Nifty has support around 22,200 and banking index support is near 47,800. The market shows significant corrections with FIIs lacking buying interest. Coal India and