Mumbai, Sept. 8 -- The target price implies an upside of 31.90% from the ruling market price.

The stock has come under pressure since UltraTech Cement entered the wires and cables market with its Ultravolt brand. UltraTech launched Ultravolt last Thursday with an investment of Rs 1,800 crore, of which Rs 900 crore had been incurred as of June 2026.

UltraTech plans to roll out Ultravolt products across 500 districts through more than 1 lakh retailers. The company has started commercial production at the first phase of its facility in Bharuch, Gujarat, with an installed capacity of 1.1 million kilometres. Capacity is eventually expected to reach around 4 million kilometres.

The Aditya Birla Group company's entry is expected to intensify ...