Murthy s grandson owns 15 lakh shares or 0.04% stake in the Bengaluru-based software services exporter. At today s market price of Rs 1,400, the value of his holding comes to Rs 210 crore. The record date for the payment of the final dividend and a special dividend has been fixed at May 31, while the payment will be made on July 1.
Ekagrah Rohan Murty, the five-month-old grandson of Narayana Murthy was in the news when his grandfather gifted him 15 lakh shares of Infosys. Now, he is in the news for the dividend income he has earnt from Infosys.
Keeping in mind the recent uptick in the Indian market with the upcoming elections and the March quarter earnings in focus, brokerage house Anand Rathi has come out with 2 emerging picks with a time horizon of 30-90 days.
IT stocks: Nuvama said results of all three hyperscalers namely Amazon, Azure and GCP have shown an improvement in the overall growth trajectory in this quarter, as cost takeout measure of clients has slowed down.