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News Topical, Digital Desk : 52-Week High: Shares of infrastructure and construction giant Larsen & Toubro Limited (L&T) slipped from their 52-week high on Tuesday. During the day, the stock had reached an intraday high of ₹4,440.
The company announced a major order worth up to ₹2,500 crore on the same day. Despite this, heavy selling in technology companies also impacted L&T shares. In particular, sharp declines in L&T Technology Services Limited (LTTS) and LTIMindtree Limited (LTM) have reduced the combined value of L&T's stake in these two companies by approximately ₹50,000 crore.
AI concerns put pressure on IT stocks The IT sector has witnessed widespread selling in the first two months of 2026. Investors have booked profits in IT stocks due to fears of potential impact on traditional business models due to Artificial Intelligence (AI). LTTS shares have fallen 28% so far this year. The last time such a huge decline was seen was in 2022, when the stock had lost 34% in the entire year. LTIMindtree shares have fallen more than 25% so far in 2026, making it one of the weakest performing stocks in the Nifty IT index.
Stake value reduced L&T holds 68.53% stake in LTIMindtree. The value of this stake, which was over ₹1.2 lakh crore on December 31st, has now fallen to around ₹91,000 crore, a decline of over ₹30,000 crore in two months. Similarly, L&T holds a 73.58% stake in LTTS. Its value, which was around ₹35,000 crore at the end of the December quarter, has now fallen to below ₹25,000 crore.
L&T Shares Fall On Tuesday, L&T shares fell 3.6% to trade at ₹4,259, close to the day's low. However, the stock has still gained 12.5% over the past month. Analysts believe that the ongoing pressure in its IT subsidiary is currently impacting L&T's valuation, but the company's strong order book and infrastructure focus could improve the situation in the long term.
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