Shares of Larsen & Toubro (L&T) witnessed selling pressure as global market volatility affected investor sentiment across infrastructure and capital goods stocks. Rising crude oil prices and geopolitical concerns have created short-term uncertainty in global markets.
The engineering and infrastructure major has significant exposure to overseas projects, particularly in the Middle East region. Any geopolitical developments or cost pressures in energy markets can influence investor perception regarding project timelines and margins.
However, the company continues to maintain a strong order book supported by infrastructure investments in India, which could provide long-term visibility for revenue growth.
