Polycab, KEI, R R Kabel, Quadrant Future Tek fall up to 24%
In short
On Tuesday, Polycab, KEI Industries, R R Kabel and Quadrant Future Tek were down by as much as 24% from their 52-week highs. Those highs were touched in September.
This is a sharp drop for cable and wire stocks. The report does not say why the shares fell.
What the reporting says
Polycab, KEI Industries, R R Kabel and Quadrant Future Tek were down as much as 24% from their 52-week highs on Tuesday, after touching those highs in September. The reporting names the stocks and the drawdown but does not state the cause of the slide. The immediate consequence is a sharp correction in cable and wire shares.
Why it matters
On Tuesday, shares of Polycab, KEI Industries, R R Kabel and Quadrant Future Tek were down up to 24% from their 52-week highs reached in September. That is a clear stock-price correction in the cable and wire segment. The reporting does not state the trigger for the fall, so the cause remains unknown.