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

• Larsen & Toubro Ltd (L&T) shares plunged by 7% to below Rs 3460 on Friday afternoon.
• The sharp decline was triggered by escalating geopolitical tensions in the Middle East, a crucial region for L&T's business.
• Approximately 37% of L&T's total order book and 75% of its international orders are linked to the Middle East.
• Brokerages like Jefferies maintain a 'Buy' rating with a target of Rs 4500, despite short-term market volatility.
• Experts warn of potential supply chain disruptions but also foresee long-term opportunities if Middle East infrastructure spending increases.