Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

BHEL announces a 1:1 bonus

2 May 2007Deepak Shenoy1 min read

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What is "BHEL announces a 1:1 bonus" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 2 May 2007.
How long does this article take to read?: 1 min read

BHEL has now announced a 1:1 bonus - that means one for every share you own. The record date is June 1, 2007.

Post June 1, the share price will drop by half. That means you will not benefit in any real way from the bonus. But one thing that may happen is that there may be lots of buying for saving tax. This may drive up the share price temporarily.