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Shares of industrial conglomerate Larsen & Toubro fell as much as 2.6 per cent to Rs 1,320.3 - their biggest intra-day percentage loss since February 13.
March-quarter consolidated profit had missed estimates, the company reported on Friday.
Disruptions in decision making processes due to elections in India could impact operating parameters in the first half of 2019-20, the company said.
Cost overruns in the transportation business impacted infrastructure margins in FY19, ICICI Securities said.
Given the uncertainty around pick-up in government projects post elections, we currently build in only 8 per cent yoy in new orders - Phillip Capital.
Shares fell 5.7 per cent this year as of last close.
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