CLSA Recommends Buying L&T Shares After Another 3% Decline

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L&T Shares Plunge 3% Amid Middle East Concerns; CLSA Calls it a 'Buying Opportunity'

L&T Shares Plunge 3% Amid Middle East Concerns; CLSA Calls it a 'Buying Opportunity'

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CNBC TV18•04-03-2026, 09:12

L&T Shares Plunge 3% Amid Middle East Concerns; CLSA Calls it a 'Buying Opportunity'

•L&T shares fell 3% on Wednesday, March 4, marking the fourth consecutive session of decline.
•Macquarie maintained an 'Outperform' rating but flagged potential margin risks from Gulf developments and geopolitics.
•CLSA also rated 'Outperform', viewing the recent dip as a 'buying opportunity' for the industrial giant.
•Despite Middle East concerns, L&T boasts a robust $81 billion order backlog, up 30% year-on-year.
•CLSA noted L&T's resilience in navigating past crises and its current attractive valuation among large-cap industrial names.

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