Larsen & Toubro Shares Decline Amid Middle East Geopolitical Tensions

Shares of Larsen & Toubro (L&T) fell sharply over 7% on Wednesday amid escalating geopolitical tensions in the Middle East involving the US, Israel, and Iran. The stock dropped nearly 12% over two days due to concerns about the company's significant exposure to the region, which accounts for about 35% of its revenue. Analysts note uncertainty around project delays and payment disruptions but highlight that L&T's core hydrocarbon and engineering businesses remain strong. Some experts advise investors to wait for stability before buying, while others maintain positive long-term outlooks.