India's L&T falls as Mideast tensions heighten exposure concerns

Larsen and Toubro

19/03/2026 08:19

** Larsen and Toubro LART.NS falls 4.04% to 3,457.90 rupees; down ~19.3% since war began

** Iran's latest strikes on energy facilities across Middle East deepen concerns over engineering firm's regional exposure

** Tehran's attacks, following a hit on its South Pars gas field, marked major escalation and pushed crude to $112/barrel

** Goldman Sachs says co has ~50% of order backlog from international markets, with ~37% tied to Middle East

** Stock rated "buy" on average; median PT is 4,612.50 rupees, per data compiled by LSEG

** YTD, LART down 11.65%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))