Investors can sell shares in the open market if the price is good, to take advantage of the tax arbitrage.
Close to 50 companies have announced stock splits this year so far, something experts say is typical in a bull phase.
While the Budget might have been a sentiment booster for the sector, firms with market dominance emerge as favourites.
Though the developments are positive, analysts say the benefits will accrue only in the long run
The scrip of the company on Wednesday ended at Rs 695.80, up 2.7 per cent, on BSE, while the benchmark Sensex ended flat at 19,345.70. Just Dial shares had seen a record high of Rs 761.80 on July 9.
Companies from the capital goods space will under-perform.