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

Shares of Larsen & Toubro (L T) fell sharply, dropping over 7% intraday amid escalating US and Israeli strikes on Iran, raising concerns about Middle East geopolitical tensions. L T's significant exposure to the region, which accounts for around 37% of its Rs 7.33 lakh crore order book, has heightened investor worries over potential project execution disruptions and supply chain challenges. Rising crude oil prices and broader market risk aversion also contributed to the decline, reflecting uncertainty about the conflict's economic impact on Indian infrastructure and engineering firms.