{"id":374726,"date":"2020-09-23T08:35:14","date_gmt":"2020-09-23T03:05:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374726"},"modified":"2020-09-23T09:24:36","modified_gmt":"2020-09-23T03:54:36","slug":"larsen-toubro-hits-over-three-month-low-stock-declines-13-in-one-month","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/larsen-toubro-hits-over-three-month-low-stock-declines-13-in-one-month\/","title":{"rendered":"Larsen &amp; Toubro hits over three-month low; stock declines 13% in one month"},"content":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T) hit an over three-month low of Rs 862, down 2 per cent on the BSE on Tuesday as near-term macro risks, likely government capital expenditure (capex) cut appear challenging for the company. <\/p>\n<p>The stock of the construction &amp; engineering major was trading at its lowest level since May 28, 2020. In the past month, L&amp;T has underperformed the market by falling 13 per cent, as compared to a 1.7 per cent decline in the S&amp;P BSE Sensex. <\/p>\n<p>L&amp;T sees prospects in the areas of government buildings, data centres, healthcare infra, airports, metro railways, water projects including wastewater treatment and irrigation, hydel projects, expressways as well as onshore and offshore hydrocarbon projects. It is uncertain, however, of the timelines when these projects will take off.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T) hit an over three-month low of Rs 862, down 2 per cent on the BSE on Tuesday as near-term macro risks, likely government capital expenditure (capex) cut appear challenging for the company. The stock of the construction &amp; engineering major was trading at its lowest level since May 28, 2020. In the past month, L&amp;T has underperformed the market by falling 13 per cent, as compared to a 1.7 per cent decline in the S&amp;P BSE Sensex. L&amp;T sees prospects in the areas of government buildings, data centres, healthcare infra, airports, metro railways, water [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-374726","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374726"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374726\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}