Bond Baba Is Looking At Stocks, But Why? (Bonus Stripping)
Bond Baba notes that if you own HPCL shares on September 13, 2016 you will get 2 shares for every share you own as a "bonus".
Why should Bond Baba care? It's shares of HPCL, not the bonds. But there's always a reason, like all Babas love to say. This time there's one answer: taxes and bonus stripping.