Last night, Pakistani launched missile and drone attacks on multiple Indian cities, including Awantipura, Srinagar, Jammu, Pathankot, Amritsar, Kapurthala, Jalandhar, Ludhiana, Bhatinda, Chandigarh, and Bhuj.
Imagine an attack on this scale, yet our common citizens didn’t even realise it happened. Why? Because unlike Pakistan, we have a functional defence system that shot down everything they launched. And today, we retaliated, with precision. They couldn’t intercept a thing.
We don’t appreciate and thank our Armed Forces’ capabilities enough!
Adani sparks a sell-off in Wires & Cables stocks 📉
Reason❓️
Adani announced its entry into the wires & cables space.
Reaction❓️
● KEI Industries: 15%🔻
● Polycab: 9%🔻
● Havells: 5%🔻
● Finolex Cable: 4%🔻
All the Wires & Cable stocks took a heavy hit as the competition intensifies in the sector.
This makes Adani the second major conglomerate after the Birla Group, who announced a foray into the cables & wires space last month via UltraTech Cement.
Just last month, the Birla Group [ UltraTech ] made a similar move, triggering a sharp correction in the sector.
Now, with another corporate giant stepping in, the heat is on for all stocks of the sector.
Will this competition disrupt the existing market, or is this just a short term panic❓️