UBS Lowers L&T Share Price Target Due to West Asia Exposure Amid Iran War

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

UBS Cuts L&T Target Price Amid Iran War Fears, West Asia Exposure Risks

Larsen & Toubro | India's largest infrastructure conglomerate is down over 4% in early trading on Monday as it has a significant exposure to the Middle East. Nearly 35% of its overall order book comes from West Asia.

C

CNBC TV18•11-03-2026, 08:37

UBS Cuts L&T Target Price Amid Iran War Fears, West Asia Exposure Risks

•UBS reduced L&T's target price by 8% to ₹4,150 from ₹4,500, maintaining a 'neutral' rating on the stock.
•The brokerage cited L&T's significant exposure to West Asia, particularly the Middle East, amidst rising tensions from the Iran war.
•Over 80% of L&T's ₹3.6 trillion international order book comes from Saudi Arabia, UAE, and the Gulf region.
•UBS revised L&T's core order inflow CAGR to 11% (FY25-28) from 15%, citing emerging risks and domestic execution issues.
•Despite risks, UBS notes L&T is better-placed than global peers in the Middle East due to its strong manpower.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

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'

Representational image (Image: News18)

Asian Stocks Jump as Iran War End Hopes Emerge; Oil Prices Volatile

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025. Wall Street traders left stocks hovering near all-time highs amid calls for a break after a $15 trillion rally from April lows, with traders awaiting a handful of Federal Reserve speakers and a key inflation measure. Photographer: Michael Nagle/Bloomberg

Dow Jones Plunges 800 Points, Turns Negative for 2026 Amid Surging Oil Prices

Representational image (Image: News18)

Asia Shares Mixed, Oil Dips Amid Iran War & Wall Street Losses

L&T Shares Crash 7% After 1 PM as Middle East Tensions Escalate

L&T Shares Crash 7% After 1 PM as Middle East Tensions Escalate

Stock Market: స్టాక్ మార్కెట్‌లో అల్లకల్లోలం... 5 రోజుల్లో రూ.20 లక్షల కోట్లు ఆవిరి (image: AI Generated)

Market Turmoil: ₹20 Lakh Cr Wiped Out in 5 Days Amid Middle East Tensions