📉 Ultratech’s Cable & Wires Entry Sparks Massive Market Cap Loss in Industry! 🚨 The cable & wire sector took a major hit today after Ultratech Cement announced its ₹1,800 Cr investment in the industry. Market reacted strongly, leading to ₹28,755 Cr loss in cable companies’ market cap! 📉 Cable Companies’ Market Cap Erosion: 🔻 Polycab: ₹-13,000 Cr 🔻 Havells: ₹-6,935 Cr 🔻 KEI Industries: ₹-6,480 Cr 🔻 RR Kabel: ₹-1,620 Cr 🔻 Finolex Industries: ₹-720 Cr 📊 Stock Performance: 🔻 KEI Industries: -19% 🔻 Polycab: -16% 🔻 RR Kabel: -16% 🚨 All major cable stocks plunged! Interestingly, Ultratech’s own market cap dropped by ₹15,000 Cr, indicating market skepticism. 💡 What’s Next? With Aditya Birla Group entering the cable & wire business, existing players may face margin pressures and market share threats. Will this be a long-term disruption, or will industry leaders fight back? 📌 Stay ahead with Riddhi Siddhi Share Brokers – Expert Insights | Smart Trading | Maximized Returns #riddhisiddhisharebrokers #stockmarketupdate #cablestocks #ultratech #polycab #havells #kei #rrkabel #investwisely