Mumbai, March 5 -- The stock had fallen 9.71% over the past four trading days amid rising concerns about project execution risks linked to escalating geopolitical tensions in the Middle East.
The sell-off followed the intensifying conflict involving Iran after coordinated U.S.-Israeli airstrikes on Iranian military and nuclear facilities. The strikes reportedly killed Supreme Leader Ali Khamenei and triggered retaliatory missile and drone attacks by Iran on Israel and several U.S. bases across Gulf countries. The conflict has disrupted shipping routes and energy flows in the region, pushed crude oil prices higher and increased uncertainty for businesses operating in the Middle East.
The region remains a key market for Larsen & Toubro, a...
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