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Paramount Communications Limited
Share Price Target & Analysis

NSE:PARACABLES

77.01

VWAP

78.10

Open

77.8

Close

78.95

High

75.00

Low

116.85

52 Week High

76.00 ⇩
-1.80 (-2.31%)

PARACABLES

(TELECOM)
50.6% Momentum

Turnaround Potential

34.15

52 Week Low

2.3

EPS

61.91

PE

7.28

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: PARACABLES Share Price Financial Analysis & Valuation

Paramount Communications Limited (PARACABLES) is broadly categorized in TELECOM segment industry which deals in Cables - Telephone vertical. It is one of Small Cap company with Market Capitalization of Rs 271.9 (in Cr). Total number of free float shares are 17.2 (in Lacs). Paramount Communications Limited is listed on NSE with Exchange ID - INE074B01023 and trading code is NSE:PARACABLES with short name Paramount Comm.

In the past 1 year, Paramount Communications Limited has declared an equity dividend of Rs 0 per share. At the current share price of PARACABLES at Rs 76.00, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:PARACABLES, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine PARACABLES underlying value and future prospects. All of this data is available in PARACABLES financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:PARACABLES, it is clearly understood that PARACABLES is Economical performer in terms of earnings and profit margins with an EPS of 2.3. NSE:PARACABLES book value per share as of today is 10.44. The current price to book ratio for PARACABLES as of Apr 29, 2024 is 7.28.

Valuation of the Stock: The current valuation of PARACABLES stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of PARACABLES whether to BUY this stock at current valuation. The delivery percentage of PARACABLES is 55.74% is very crucial parameter which shows that 55.74% investors are anticipating that the price of PARACABLES share should go up with VWAP at 77.01.

Now, the main question is whether to BUY or SELL, NSE:PARACABLES at current valuation.
As per latest Analysis No. #10246:-

⇑ STRONG BUY PARACABLES if All Greens

⇗ BUY PARACABLES (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD PARACABLES (With Stop Loss) if only 1 Green

⇘ SELL PARACABLES if NO Green Indicator

NSE: PARACABLES Share Price Today (Apr 29, 2024)

(Paramount Communications Limited Daily Analysis on the basis of PARACABLES Intraday Graph & Trend)

Paramount Communications Limited share price moved Down by -2.31% from its previous close of Rs 77.8. PARACABLES stock last traded price is 76.00. PARACABLES share price trend is Down with a total of 405137 stocks traded till now. It has touched an intraday high of Rs 78.95 and an intraday low of Rs 75.00. The PARACABLES trading at 76.00, Down by Rs. -1.80, or -2.31 percent which suggests that most of the Traders are anticipating that the price of PARACABLES share should go Down.

NSE: PARACABLES Share Price Tomorrow Prediction

(Paramount Communications Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of PARACABLES)

Paramount Communications Limited share price moved Down by -2.31%. PARACABLES share price short term trend is Down. It suggests that PARACABLES Share Price for Tomorrow remains the same with VWAP at 77.01 will be treated as stop loss for intraday traders. Paramount Communications Limited Long term investors can follow the PARACABLES long term trend as mentiond in future forecast table.

NSE Code

NSE: PARACABLES

PARACABLES Share Price Today

 76.00

PARACABLES Share Price Target Prediction for 2024 ^

 72.8 - 117.4

PARACABLES Share Price Target Prediction for 2025*^

 117.4 - 125.1

PARACABLES Share Price Target Prediction for 2026*^

 125.1 - 133.9

PARACABLES Share Price Target Prediction for 2027*^

 141

PARACABLES Share Price Target Prediction for 2028*^

 145

PARACABLES Share Price Target Prediction for 2030*^

 158
PARACABLES Current Book Value 2023
10.4

*Paramount Communications Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^PARACABLES share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

PARACABLES Technical Analysis

Candlestick Pattern: @80.2

PARACABLES Moving Averages

BUY (7) NEUTRAL (0) SELL (7)
MA Simple Action S1 Expo Action E2
MA_5 85.49 SELL 83.11 SELL
MA_12 79 BUY 80.33 SELL
MA_20 74.45 BUY 79.24 BUY
MA_32 77.29 BUY 79.89 BUY
MA_50 83.22 SELL 80.96 SELL
MA_100 86.56 SELL 80.28 SELL
MA_200 69.1 BUY 70.28 BUY

PARACABLES Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 74.45 Uptrend
MACD 1.86 BUY
ADX 30.64 Strong Trend
DMI (+/-) 31.41 / 25.94 Uptrend

PARACABLES Momentum Oscillators

BUY (1) NEUTRAL (7) SELL (4)
Momentum Oscillators Value Action
RSI 51.03 Neutral
STOCHASTIC_K (Fast) 13.41 Oversold
STOCHASTIC_D (Slow) 29.78 Neutral
CCI 21.9 Neutral
PSAR 95.95 SELL
TRUE RANGE 6.55 Neutral
ATR 5.28 Neutral
WILLIAMS R -53.48 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 1.48 Oversold
MOMENTUM 5.4 BUY

PARACABLES Last 1 Year Trend

Duration Value
1 Year 130.13%
3 Months -12.68%
1 Month 7.22%
1 Week -7.97%

PARACABLES Technical Analysis Summary

Updated on 2024-04-15
Action Overall (%)
BUY 40%
NEUTRAL / HOLD 23%
SELL 37%

Most popular Questions & Answers about PARACABLES


Paramount Communications Limited stock last traded price is 76.00. PARACABLES share price moved Down by -2.31% from its previous close of Rs 77.8.

Paramount Communications Limited share price trend is Down with a total of 405137 stocks traded till now. It has touched an intraday high of Rs 118.0185 and an intraday low of Rs 75.00. The PARACABLES trading at 76.00, Down by Rs. -1.80, or -2.31 percent which suggests that most of the Traders are anticipating that the price of PARACABLES share should go Down and the Stop Loss will be around 77.01.

The market cap of Paramount Communications Limited is ₹271.9 (in Cr) as of Apr 28, 2024.

The current price to earning ratio for Paramount Communications Limited as of Apr 28, 2024 is 61.91.

The current price to book ratio for Paramount Communications Limited as of Apr 28, 2024 is 7.28.

The highest price of Paramount Communications Limited stock is ₹116.85 in the last 52-week.

The lowest price of Paramount Communications Limited stock is ₹34.15 in the last 52-week.

Paramount Communications Limited share trading at ₹76.00, Down by Rs. -1.80, or -2.31 percent which suggests that most of the traders are anticipating that the price of PARACABLES share should go Down.

In 2023, Stock price target for Paramount Communications Limited (PARACABLES) are ₹72.8 on downside and ₹117.4 on upside. Paramount Communications Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Paramount Communications Limited (PARACABLES) are ₹117.4 on downside and ₹125.1 on upside. Paramount Communications Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Paramount Communications Limited (PARACABLES) are ₹125.1 on downside and ₹133.9 on upside. Paramount Communications Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Paramount Communications Limited (PARACABLES) will be around ₹145 Paramount Communications Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of PARACABLES.

As per the fundamental analysis of Paramount Communications Limited (PARACABLES), it is of Economical quality in terms of earnings and profit margins with an EPS of 2.3. Paramount Communications Limited book value per share as of today is 10.44. The current price to book ratio for PARACABLES as of Apr 29, 2024 is 7.28.


NSE:PARACABLES News & Other Useful Information about PARACABLES Share Price


Peer Comparison of NSE: PARACABLES

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Cables - Telephone

Company Price EPS BV
STLTECH 137.05 0.04 39
FINCABLES 1014.65 36.61 242.56
VINDHYATEL 2627.45 151.41 959.2
BIRLACABLE 277.30 11.33 76.66
PARACABLES 76.00 2.3 10.44
SURANAT&P 15.45 0.07 8.79
AKSHOPTFBR 9.40 0.39 18.44
BHAGYANGR 115.85 13.29 42.12
CMICABLES 5.15 0 -79.26
TNTELE 11.70 0 -32.61
Updated at: 29 Apr 2024 13:09

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