India, Feb. 25 -- India's fast-expanding data center industry is driving strong demand for power and fiber cables, with capacity expected to reach 10 GW by 2030. On this optimism, three major wiring stocks surged up to 4 percent today, reflecting expectations of sustained order inflows, better capacity utilization, and long-term growth prospects.

With a market cap of Rs 1.25 lakh crore, Polycab India Ltd is one of the first stocks that surged by 3 percent today to hit an intraday high of Rs 8404. Another stock, Finolex Cables Ltd, saw its stock grow by 2 percent to hit an intraday high of Rs 829. KEI Industries Ltd also saw its stocks grow by 4 percent to hit an intraday high of Rs 4974.

Why the surge in cable stocks? With the boost in ...