ilmscore | Prediction Details
"The day when Ultra Techch announced or Adabil Group announced that Ultratech is going to enter the cables and wire segment. By the way, this happened on 25th of February postmarket hours. 26th was a holiday. 27th of February. Can you remember what happened to share prices of Polycab and KI? Did they take this very nicely or did they see a sharp fall? ... they fell down. Sharp fall. Sharp fall. Absolutely. Yes. Okay. Question is what happened after the fall? Check for yourself. ... one more news came up today which is about in I mean Adani enterprises entering into this space. Now what happened because of this I hope you know about this that today also players in the wire and cable segment all have shown negative impact."
By CA Rachana Phadke Ranade | March 20, 2025 | Correct
From video
Is the Worst Behind Us? | CA Rachana Ranade 00:05:10 - 00:07:03
Interpreted Prediction
Following the announcement of Ultratech Cement entering the wires and cable segment on February 25th, Polycab and KEI Industries experienced a sharp fall. Similarly, players in the wire and cable segment showed a negative impact today due to the news of Adani Enterprises entering the space. The speaker suggests studying past events to see if recovery follows such falls.
AI Evaluation Notes
The prediction was that news of Ultratech and Adani entering the wires and cable segment would negatively impact Polycab and KEI Industries. While I lack specific price data, news sources confirm increased competition and market volatility in the wires and cables segment following these announcements, suggesting a negative impact, thus the prediction was somewhat accurate.

Prediction Details

Ticker
POLYCAB

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