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Commodities

Wire and Cable Stocks Surge on Copper Price Bump

Guavy AI Editorial Team
Instruments
Copper
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Cable and wire manufacturing companies such as Polycab, KEI Industries, and Sterlite Technologies recorded strong Q1 earnings due to higher copper prices.

The sector's revenue growth was driven by demand from power transmission and distribution, data centers, construction, and oil and gas industries.

According to market experts, the industry volumes are expected to hold through the second quarter of FY27 as margins normalize due to the inventory-gain effect washing out in the period.

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