Larsen & Toubro (L&T), was down 5 percent on October 29, which has negated gains for the month. It has been an underperformer and this year L&T is down 28 percent and is down 38 percent from its 52 week high.
The stock's decline has been attributed to the lower interim dividend payout, which has led to concerns about its capital allocation policy as well. Its order book was below expectation and the stock had simply run-up because of expectation of very good dividend and the MSCI factor.
Here's a look at what dragged Larsen & Toubro in this special edition of Stock 360.Watch the video for more.