share price: Shares of the construction giant Larsen & Toubro saw a steep fall on the BSE on Monday, March 2, touching an intraday low of Rs 3,960, down 7.4 per cent, as the conflict between Iran, Israel, and the US intensified over the weekend. This is because of the high exposure of the company in the Middle East, which is already experiencing geopolitical issues. The company is the largest infrastructure firm in India. Larsen and Toubro share price: Middle East exposure becomes cause for concern Domestic brokerage JM Financial noted that L&T may face execution challenges in its Middle East projects, with a potential slowdown in the UAE real estate market adding competitive pressure. Despite this, the region has been a strong growth driver, contributing 37 per cent of L&T’s Rs 7.33 lakh crore order book as of 9MFY26 and 33 per cent of total order inflows of Rs 3.46 lakh crore during the period.

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