L&T Shares Plunge 7.5% Amid Escalating Middle East Conflict; Market Cap Dips Below ₹5 Lakh Crore

n & Toubro (L&T) tumbled 7.5% in recent trading amid intensifying geopolitical tensions in the Middle East, particularly the ongoing US-Iran-Israel conflict. The sharp decline pushed the company's market capitalization below ₹5 lakh crore, reflecting investor concerns over potential disruptions to its substantial regional exposure. The Middle East accounts for around 33-40% of L&T's order book and inflows, with key projects in hydrocarbon, infrastructure, and energy sectors at risk from execution delays, supply chain issues, and possible project deferrals or cancellations due to regional instability.