Larsen & Toubro Shares Drop Over 7% Amid Rising Middle East Geopolitical Tensions

Shares of Larsen & Toubro (L T) fell sharply over 7% amid escalating tensions in the Middle East involving the US, Israel, and Iran. The conflict has raised investor concerns about potential disruptions to L T's projects and supply chains in the region, which accounts for around one-third of its order book and revenue. Rising crude oil prices and halted tanker traffic through the Strait of Hormuz have added to market uncertainty. Analysts suggest waiting for stability before new investments, though some maintain positive long-term outlooks.