Polycab, KEI, Havells shares short-circuited. Is this Birla’s next paint-style disruption?

UltraTech Cements unexpected investment in the wires and cables sector with a ₹1,800 crore capex plan has caused shares of major players like Polycab, KEI, and Havells to plummet. This move raises concerns of potential market disruption and industry-wide margin pressures, replicating the shake-up seen in the paints industry. Analysts are closely monitoring the situation.