India's Cable Industry Booms in H1 2025, Led by Universal Cables' 44% Return
The first half of 2025 has seen a remarkable surge in European small/mid-cap stocks, with the MSCI Europe Small/Mid Cap index rising by +17.9%, outpacing the MSCI USA Small/Mid Cap at +2.3%. Meanwhile, India's cable industry has been booming, with several leading manufacturers reporting impressive returns in the stock market today.
In India, the demand for electrical goods and cabling has been on the rise, driven by increased residential, commercial, and industrial construction activity. This surge in demand has translated into significant gains for cable stocks. Universal Cables Ltd has emerged as a top performer, delivering a 44.04 percent return over the past six months, with a market capitalization of Rs. 2,478.46 crore. Similarly, KEI Industries Ltd has recorded a six-month return of 44.05 percent, with a market capitalization of Rs. 38,857.90 crore. Polycab India Ltd, the largest manufacturer of wires and cables in India, has also seen impressive growth, delivering a 42 percent return over the past six months, with a market capitalization of Rs. 111,241.63 crore. RR Kable Ltd has also performed well, with a six-month return of 33.98 percent and a market capitalization of Rs. 14,198.54 crore.
The infrastructure boom in India is a significant driver of this growth. During this period, several leading cable manufacturers have recorded returns of up to 55 percent in the stock market today.
The strong performance of cable stocks in India, with returns of up to 55 percent, reflects the robust demand for electrical goods and cabling, fueled by increased construction activity. As the infrastructure boom continues, investors can expect the cable industry to remain a promising sector in the stock market today.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- NATO's Massive Naval Drill Shows Unity Against Russian Aggression
- Undeads Games Reaches $30 Million TVL and Gears Up for MMORPG Debut
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
