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L&T Shares Plummet: 5 Lakh Crore Company Sees Steep Decline After 1 PM Due to Middle East Tensions
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L&T Shares Crash 7% After 1 PM as Middle East Tensions Escalate
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CNBC Awaaz
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13-03-2026, 13:36
L&T Shares Crash 7% After 1 PM as Middle East Tensions Escalate
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Larsen & Toubro Ltd (L&T) shares plunged by 7% to below Rs 3460 on Friday afternoon.
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The sharp decline was triggered by escalating geopolitical tensions in the Middle East, a crucial region for L&T's business.
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Approximately 37% of L&T's total order book and 75% of its international orders are linked to the Middle East.
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Brokerages like Jefferies maintain a 'Buy' rating with a target of Rs 4500, despite short-term market volatility.
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Experts warn of potential supply chain disruptions but also foresee long-term opportunities if Middle East infrastructure spending increases.
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