Manoj Gori, Associate Director - Equities at Equirus Securities, said the market has moved past its initial nervousness over UltraTechCement's entry into the wires and cables business. "This overall volume growth for the segment has been very strong for the overall wire and cable space," he said. Rising copper and aluminium prices have pushed up the size of the industry itself, which gives room for a new large player to be absorbed without hurting existing companies, he added.
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