W&C stocks reacting sharply to UltraTech's entry
Polycab, KEI & RR Kabel have corrected by up to 15-17%
Is this really a paints like disruption for the sector?
We don't think so, at least as of now
W&C continues to see strong double digit industry growth, unlike paints where growth had already slowed significantly
Birla's planned investment in W&C is around 2,000 Cr versus 10,000 Cr in paints
Paint companies were trading above 50x earnings despite weak volume growth. The valuation & growth setup in W&C is much healthier.
Competition will definitely increase & needs to be monitored closely
What do you think ?
Fwd as received
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1September 4, 2026 2.4K 4
