India's L&T rises on reports of US seeking ceasefire with Iran

Larsen and Toubro

25/03/2026 05:39

**Shares of Larsen and Toubro LART.NS up 3% to 3,653 rupees

** U.S. is seeking a month-long ceasefire in its war with Iran and has presented Tehran with a 15-point plan, raising hopes that the conflict may ease

** Co derived 35% of Q3 revenue from the Middle East

** S&P Global Ratings says co likely to remain resilient despite escalating geopolitical tensions in the Middle East

** Believes co's diversified business model and robust financial headroom provide a cushion against potential operational disruptions

** Says Middle East will likely contribute 35% of l&t's consolidated revenue for the fiscal year ending March 2026

** Stock rated as "Buy" on average; median PT at 4,612 rupees per data compiled by LSEG

** YTD, stock down 11.4%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))