The Economic Times

L&T's 5% drop an overreaction but the Middle East risk is real, says Sumit Kishore of Axis Capital

Larsen & Toubro shares fell nearly 5% amid Middle East tensions, but an analyst believes it's too early to cut earnings estimates. While the company has substantial exposure to the region, its diversified project footprint and strong order pipeline offer resilience. Investors are advised to watch for L&T's upcoming strategic plan, which could serve as a positive catalyst.