Larsen & Toubro (OTCMKTS:LTOUF) Trading Down 27% – What’s Next?

Shares of Larsen & Toubro Limited (OTCMKTS:LTOUF) were down 27% on Wednesday . The stock traded as low as $32.11 and last traded at $32.11. Approximately 562 shares were traded during trading, an increase of 30% from the average daily volume of 431 shares. The stock had previously closed at $44.00.

Key Headlines Impacting Larsen & Toubro

Here are the key news stories impacting Larsen & Toubro this week:

• Positive Sentiment: L&T reported a large Riyadh Metro extension contract (estimated Rs 5,000–10,000 crore), which adds meaningful secured revenue and supports future earnings visibility. Riyadh Metro contract
• Positive Sentiment: Revenue grew ~10% YoY in Q3 FY26 and the company reported record order inflows, reinforcing a healthy order book and medium‑term growth runway. Q3 revenue and order inflows
• Neutral Sentiment: L&T published the Q3/9M FY26 earnings call audio and the full earnings call transcript — helpful for investors wanting management commentary on margins, order book and the exceptional charge. Earnings call audio Earnings call transcript
• Negative Sentiment: Net profit fell ~4% YoY to ₹3,215 crore in Q3 FY26, chiefly hit by an exceptional labour‑related charge tied to the new labour code — investors are pricing the earnings setback and one‑offs negatively. Profit slip and labour charge
• Negative Sentiment: Despite revenue growth and margin expansion, the stock is trading below both its 50‑day and 200‑day moving averages and near its 1‑year low, which can exacerbate downside as technical sellers and risk‑averse funds react. Market reaction & technicals

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Larsen & Toubro to a “buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Larsen & Toubro currently has a consensus rating of “Buy”.

Larsen & Toubro Price Performance

The stock has a 50 day moving average of $44.14 and a 200-day moving average of $42.71.

About Larsen & Toubro

Larsen & Toubro (OTCMKTS:LTOUF) is a diversified Indian conglomerate with roots dating back to 1938, when Danish engineers Henning Holck-Larsen and Soren Kristian Toubro established a partnership in Mumbai to represent Danish dairy equipment manufacturers. Over the decades, the company evolved into a leading engineering and construction powerhouse, gradually expanding its portfolio to include a wide range of industrial and infrastructure projects across multiple sectors.

The company’s core activities encompass engineering, procurement and construction (EPC) services for infrastructure projects such as roads, airports, metro rail systems and water treatment facilities.