Infosys dividend number should have been bigger: Saurabh Mukherjea

In a chat with ET Now, Saurabh Mukherjea, CEO, Institutional Equities, Ambit Capital shares his view on Infosys:

ET Now: Jumping on those two points margin picture and dividend payout?

Saurabh Mukherjea: More than the margins, the dividend is what will people will look at, there is a great deal of shareholder enthusiasm for Infosys using its cash pile to step up the dividend payout. Will Rs 20 do it? It is better than nothing but it does feel like a very token figure. The PAT number seems a little sub par but as you are saying all eyes are on the guidance. The dividend number should have been bigger and that will remain the institutional investors pressure that we need more money back from Infosys.