The stock closed at 4,008.35 rupees on Wednesday as the BSE Sensex rose 1.22% to 77,958.52, indicating underperformance in a broadly positive Indian market.
Larsen & Toubro ended 9.72% below its 52-week high of 4,440 rupees reached on 24 February.
Trading volume reached 756,592 shares, well above the 50-day average of 337,429, while peers AIA Engineering, MBL Infrastructures and DLF all posted gains.
L&T's record order book promises growth, but its stock is faltering. What crucial risk is the market seeing?
Can L&T's massive bet on green hydrogen and semiconductors solve its current profit squeeze and execution delays?
Is L&T's slump a canary in the coal mine for India's entire infrastructure growth story?