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CLSA Recommends Buying L&T Shares After Another 3% Decline
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L&T Shares Plunge 3% Amid Middle East Concerns; CLSA Calls it a 'Buying Opportunity'
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CNBC TV18
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04-03-2026, 09:12
L&T Shares Plunge 3% Amid Middle East Concerns; CLSA Calls it a 'Buying Opportunity'
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L&T shares fell 3% on Wednesday, March 4, marking the fourth consecutive session of decline.
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Macquarie maintained an 'Outperform' rating but flagged potential margin risks from Gulf developments and geopolitics.
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CLSA also rated 'Outperform', viewing the recent dip as a 'buying opportunity' for the industrial giant.
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Despite Middle East concerns, L&T boasts a robust $81 billion order backlog, up 30% year-on-year.
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CLSA noted L&T's resilience in navigating past crises and its current attractive valuation among large-cap industrial names.
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