Larsen & Toubro hits over 3-month low, stock down 11% in one month

Shares of Larsen & Toubro (L&T) hit an over three-month low of Rs 1,287, down 2 per cent on Wednesday, thue falling 3.5 per cent in the past two trading days, after media reports said Maharashtra Chief Minister has ordered a review of all projects/proposals cleared by earlier government in the last six months.

The stock of construction & engineering company was trading at its lowest level since August 26, 2019. Over the past one month, the stock has underperformed the market by falling 11 per cent, as compared to a per cent rise in the S&P BSE Sensex.