Larsen and Tubro Earnings Reaction

The stock fell after the earnings.
From 990 it fell to 950. A big 2M candle came on 29th October 2020 a day after earnings.
29th October 2020 was an expiry day. 1000 strike call had Rs.7 it became 40 paise.
LT closed on Friday 30th at 915 per share.

Depressive commentary coming from the company. Order inflow during the July-September quarter was down 42% over a year ago. Management said any orders coming in are from government agencies and they don’t see meaningful private capex for the next two years.