KEI Industries climbs in a falling market after plummeting

Ultratech Cement's entry into the cable and wires sector resulted in a dramatic sell-off in the cables and wires sector on February 27. With KEI Industries Ltd, a leading manufacturer in this space, suffering a massive blow, the stock plummeted 21% to ₹2,999 on Thursday. Despite the sharp correction, KEI Industries rebounded, climbing 3.53% on February 28.