Cable Stocks

Cable stocks represent companies associated with the production and supply of cables and wires to a wide range of industries. Strong demand for digital infrastructure, broadband and telecom services fuel the growth of cable industry firms. They cater to the rising consumer and industrial need for power and distribution, construction, telecommunications and power grids.

Investment in cable stocks requires opening a demat account with online platforms like Upstox through an easy KYC process. Once that’s done, link it with your bank account and add funds to start trading. Analyse the stocks based on the company’s financial, past performance and growth opportunities. Invest and monitor your portfolio. Apart from stocks, you can explore the mutual funds and exchange-traded funds (ETFs) linked to the sector.

The cable sector requires a lot of network infrastructure investment. Most cable stock companies often carry high debt, so rising interest rates could adversely affect their profit margins and performance. Due to massive technological advancements, the field is highly competitive and dynamic. In addition to this, the cable industry is also vulnerable to changing government regulations.

Those looking to invest their money on a long-term basis can consider investing in cable stocks. Investment in cable sector stocks would allow people to avail returns in a longer duration as the cable industry is expanding with large demand for fibre optics. The government’s stress on broadband penetration and 5G expansion will also fuel the demand. A person who is looking for a stable option beyond short-term gain and quick profit can consider investing in cable stocks.

With the government promoting initiatives like Digital India, the demand for fibre optic cables is set to increase in the coming years. Strong demand will help cable sector firms grow their businesses and offer stable returns to their shareholders. The industry can also get the advantage of focusing on urbanisation and the expansion of essential services.

Largest Cable sector company is Polycab India Ltd with a market capitalization of ₹78470.42.

Today's Top gainers in Cable sector are:

Marco Cables & Conductors Ltd (7.51%)

V-Marc India Ltd (4.99%)

Aksh Optifibre Limited (4.94%)

R R Kabel Ltd (3.64%)

Tamilnadu Telecommunication Ltd (3.50%)

Today's Top losers in Cable sector are:

Paramount Communications Ltd (-3.36%)

Universal Cables Ltd (-3.14%)

Birla Cable Ltd (-2.87%)

Precision Wires India Ltd (-2.28%)

Sterlite Technologies Ltd (-2.06%)