Reuters Market Eye - Larsen & Toubro falls 1.1 pct.
L&T shares fell 1.6 percent last week, underperforming the NSE index <.NSEI> which gained 1.3 percent.
Lower crude prices may lead to lower investment and order flows from the Middle East - analysts.
L&T announced $21 bn of orders in FY14, of which one-third came from the Middle East - Jefferies said in a note on Sept. 19.
Oil hits five-year low in longest losing streak since 2008 crisis.
L&T is moving decisively towards consolidating its international operations through a replication in the Middle East of its domestic structure and systems - annual report.
Also Read
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app