•L&T shares fell 7.5% to Rs 3,445 on March 13, with market capitalization dropping below Rs 5 lakh crore due to the US-Iran war.
•The stock is down over 20% in March; Middle East orders account for 39-40% of its total order book, impacting investor sentiment.
•Brokerages like Motilal Oswal revised L&T's target price to Rs 4,400 but retained 'BUY' due to strong order book despite near-term headwinds.
•Macquarie and CLSA warn of potential impacts on project execution, physical damage, supply chain costs, and a 1.8% EPS shave if the conflict prolongs.
•L&T reported a 4.2% drop in Q3FY26 consolidated PAT to Rs 3,215 crore, partly due to a Rs 1,191 crore one-time employee benefit provision.
