Shares of Larsen & Toubro Ltd. fell over 3% after UBS downgraded the stock to 'neutral' from 'buy', citing concerns over weakening new order growth and a challenging near-term outlook. The target price was reduced to Rs 4,000 from Rs 4,330, reflecting a 16% upside from the previous close.UBS highlighted risks related to the company's order intake, particularly due to a high share of business from West Asia and limited domestic orders. Despite these challenges, L&T's earnings resilience and broader market reach may help mitigate stock declines, especially following a recent order win for a global nuclear fusion project.