Wires and Cables Stocks: Soon after UltraTech announced its entry into the cables and wires space, several wires and cables stocks plummeted on Thursday’s trade. Let’s have a brief look at all the wires and cables stocks that can be promising for the investors.
Wires and Cables Stocks: Major Players
The leaders in wires are RR Kabel (12%), Finolex (15%), Polycab (10%), V-Guard (8%), Anchor (7%), and Havells (6%), while the top participants in the cables section are Polycab (20%), KEI (12%), Havells (8%), and KEC (6%). No single company in this sector controls more than 15% of the wires and 20% of the cables. Nearly 400 companies, with revenues ranging from INR 500 million to INR 4 billion, make up this industry. They range from SMEs to major corporations. According to Gaurav Jogani of JM Financial, the sector is consequently perfect for a newcomer with substantial funds.
3 Best Wires and Cables Stocks
Now that we are aware of the major players in the respective segment, let’s discuss the 3 Best wires and cables stocks that provide opportunities for investments.
1) Polycab India
By the end of 2024, India’s mutual funds owned 8.67% of Polycab. In addition, the retail investors—those with authorized share capital up to ₹2 lakh—rose from 3.22 lakh in December of last year to 3.58 lakh. In 2024, Polycab’s stock had increased by 32%. The wires and cables stocks have given up all of their gains from the previous year due to today’s decline. Since the stock originally appeared on the stock market in 2019, this is the 1st year that it has had negative returns.
2) Finolex Cables
Although it has somewhat decreased from December of last year, Finolex Cables’ mutual fund holdings are still above the 10% threshold. In December 2024, mutual funds held 10.06% of the company, up from 10.82% in the same period the previous year. The number of retail stock investors has also grown from 1.19 lakh to 1.31 lakh. Finolex Cables’ stock has dropped 29% in 2025 thus far, and it has almost halved since its most recent peak. In 2024, the stock had increased 11%, marking the fourth consecutive year in which the share price had increased annually.
3) KEI
The wires and cables stocks with the largest exposure to mutual funds are KEI Industries. KEI Industries’ current ownership percentage by fund houses is 17.87%, up from 13.19% at the December quarter end of the previous year. From lakhs in December of last year to 1.59 lakh in December of 2024, there were more retail investors. After rising for six straight years, KEI Industries’ stock is now down 27% in 2025.
Final Verdict
In general, India’s infrastructural expansion has benefited businesses like KEI, Polycab, and Finolex, which have seen times of robust performance. These shares have recently seen a decline and considerable volatility due to the entry of Ultratech in the market. As a result, it appears that the market has corrected for these equities.
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Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI-registered advisor before investing anywhere.