L&T's strong West Asia exposure remains a key monitorable amid rising regional uncertainties.

🔹 Around 37% of its order book and 33% of FY26 order inflows (9M FY26) are linked to West Asia, making the region an important growth driver for the company. 🔹 While the March quarter was mixed due to margin pressures and a high base effect, the company reported a record ₹7.4 lakh crore order book, up 28% YoY, with international projects contributing 52% of the total. 🔹 Despite concerns, investor confidence improved, with shares gaining 4.9% in the previous session to ₹4,050, recovering most of the year's earlier decline. Market psychology: Investors appear focused on L&T's record order backlog and execution visibility, though any escalation in West Asia could keep sentiment sensitive given the company's significant exposure to the region. Larsen & Toubro