Penny Stock Below Rs 100 Cr Mcap: July 2 - Record Date For 1:3 Bonus Shares; Buy/Sell?

A public limited firm with experience in the water treatment industry and water treatment components is Filtra Consultants And Engineers Ltd. It provides OEMs with a wide variety of water treatment system components. With a market capitalization of Rs 99 Cr, Filtra Consultants and Engineers is a small-cap company listed on the BSE. The penny stock with a share price of Rs 120.50 apiece has declared a record date for 1:3 bonus shares which keeps the stock on the radar for market watchers in the coming sessions.

Filtra Consultants And Engineers Bonus Shares

"We would like to inform you that the Board of Directors of the Company, through circular resolution passed today i.e. on July 02, 2024, has fixed Saturday, July 13, 2024 as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) fully paid-up Equity Share of Rs. 10/- each for every 3 (Three) existing fully paid Equity Shares of Rs. 10/- each approved in the AGM held on Tuesday, July 02, 2024," said the company in an exchange filing.

Filtra Consultants And Engineers Upcoming Dividend

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations'") and further to intimation dated May 27, 2024, we hereby inform you that the Members of the Company at its 13th Annual General Meeting held today on July 02, 2024 has approved final dividend at the rate of 30% (i.e. Rs. 3/- per equity share) for the financial year 2023-24," said Filtra Consultants And Engineers in a regulatory filing on July 02, 2024.

Filtra Consultants & Engineers Share Price Target

"Filtra Consultants and Engineers Ltd. is currently trading at Rs 120.50 and has delivered over 190% returns within one year. It is a small-micro cap company that operates in the trading sector with a market capitalization of Rs 95 crore. Filtra specializes in supplying water treatment plant components to original equipment manufacturers (OEMs). Their product range includes multiport valves, pressure vessels, electronic dosing pumps, and more. Financially, the company's valuation is not too high compared to its sector's P/E ratio. Its P/E ratio is 27.74, compared to the sector P/E of 18.3. Its ROE stands at 15.05%, indicating its profitability. This stock has traded between Rs 36.50 and Rs 129, according to its 52-week low and high," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

According to VLA Ambala, a SEBI-registered research analyst and founder of SMT Stock Market Today, Filtra presents a strategic investment opportunity for those who are confident in this business category and understand the risks and rewards of investing in micro-cap stocks. However, Ambala recommends waiting for a small dip and suggests entering the stock within the range of Rs 105 to Rs 110. She expects target prices ambitiously between Rs 130 and Rs 180, with a stop loss at Rs 90 to manage potential risks. Investors may consider holding it for 2 to 6 weeks to capitalize on Filtra's growth potential in the water treatment sector.

Disclaimer

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