Stocks to Watch: Infosys, HUL, L&T, IndusInd Bank, M&M, IndiaMart

livemint.com:

Infosys: The IT services company announced an 11% increase in its consolidated net profit for the June quarterto ₹5,945 crore. The firm's revenue showed a 10% rise, climbing to ₹37,933 crore. Due to macroeconomic uncertainties, it has reduced its full-year growth forecast to 1-3.5% in constant currency, down from 4-7% projected earlier.

Hindustan Unilever: The FMCG giant reported a 6.9% increase in its consolidated profit to ₹2,556 crore for the first quarter ended June amid gradual recovery in the FMCG industry, despite a challenging operating environment. The consolidated total income for the quarter stood at ₹15,679 crore against ₹14,757 crore. Total expenses increased to ₹12,167 crore, up from ₹11,531 crore a year ago.

Mahindra & Mahindra: The company said a US court has allowed its subsidiary Mahindra Automotive North America to keep producing and selling the post-2020 version of its off-road vehicle Roxor in the US. The Eastern District Court of Michigan issued its order on Fiat Chrysler Automobile's (FCA) renewed motion to enjoin the Post-2020 Roxor. The court has on the basis of its analysis declined to apply the safe distance rule to this case as sought by FCA.

Larsen and Toubro: The engineering and construction behemoth plans to launch the first-ever share buyback offer in the company’s 85-year history. The board will meet on 25 July to consider the buyback and offer a special dividend on equity for fiscal 2023-24. IndusInd Bank: The private sector lender announced that its board has given the approval to raise up to ₹20,000 crore through debt securities.