NIFTY 22475.85 BANK 48923.55

Paramount Communications Limited
Share Price Target & Analysis

NSE:PARACABLES

75.00

VWAP

76.50

Open

75.55

Close

76.95

High

73.25

Low

116.85

52 Week High

74.60 ⇩
-0.95 (-1.26%)

PARACABLES

(TELECOM)
48.9% Momentum

Turnaround Potential

34.15

52 Week Low

2.3

EPS

63.35

PE

7.15

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 74.60, 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 May 04, 2024 is 7.15.

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 75.00.

Now, the main question is whether to BUY or SELL, NSE:PARACABLES at current valuation.
As per latest Analysis No. #10279:-

⇑ 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 (May 04, 2024)

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

Paramount Communications Limited share price moved Down by -1.26% from its previous close of Rs 75.55. PARACABLES stock last traded price is 74.60. PARACABLES share price trend is Down with a total of 303781 stocks traded till now. It has touched an intraday high of Rs 76.95 and an intraday low of Rs 73.25. The PARACABLES trading at 74.60, Down by Rs. -0.95, or -1.26 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 -1.26%. PARACABLES share price short term trend is Down. It suggests that PARACABLES Share Price for Tomorrow remains the same with VWAP at 75.00 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

 74.60

PARACABLES Share Price Target Prediction for 2024 ^

 35.8 - 80.4

PARACABLES Share Price Target Prediction for 2025*^

 80.4 - 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: @76.1

PARACABLES Moving Averages

BUY (3) NEUTRAL (0) SELL (11)
MA Simple Action S1 Expo Action E2
MA_5 77.62 SELL 77.57 SELL
MA_12 80.22 SELL 78.61 SELL
MA_20 79.54 SELL 78.62 SELL
MA_32 75.93 BUY 79.24 SELL
MA_50 79.24 SELL 80.18 SELL
MA_100 87.01 SELL 79.94 SELL
MA_200 71.03 BUY 70.96 BUY

PARACABLES Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 79.54 Downtrend
MACD -0.38 SELL
ADX 18.28 NO or Weak Trend
DMI (+/-) 22.04 / 26.25 Downtrend

PARACABLES Momentum Oscillators

BUY (1) NEUTRAL (5) SELL (6)
Momentum Oscillators Value Action
RSI 45.07 Neutral
STOCHASTIC_K (Fast) 18.31 Oversold
STOCHASTIC_D (Slow) 19.55 Oversold
CCI -92.77 Neutral
PSAR 90.09 SELL
TRUE RANGE 3.95 Neutral
ATR 4.32 Neutral
WILLIAMS R -94.75 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 6.09 Oversold
MOMENTUM 3.1 BUY

PARACABLES Last 1 Year Trend

Duration Value
1 Year 101.32%
3 Months -31.84%
1 Month 4.25%
1 Week -4.93%

PARACABLES Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 13%
NEUTRAL / HOLD 20%
SELL 67%

Most popular Questions & Answers about PARACABLES


Paramount Communications Limited stock last traded price is 74.60. PARACABLES share price moved Down by -1.26% from its previous close of Rs 75.55.

Paramount Communications Limited share price trend is Down with a total of 303781 stocks traded till now. It has touched an intraday high of Rs 118.0185 and an intraday low of Rs 73.25. The PARACABLES trading at 74.60, Down by Rs. -0.95, or -1.26 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 75.00.

The market cap of Paramount Communications Limited is ₹271.9 (in Cr) as of May 03, 2024.

The current price to earning ratio for Paramount Communications Limited as of May 03, 2024 is 63.35.

The current price to book ratio for Paramount Communications Limited as of May 03, 2024 is 7.15.

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 ₹74.60, Down by Rs. -0.95, or -1.26 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 ₹35.8 on downside and ₹80.4 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 ₹80.4 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 May 04, 2024 is 7.15.


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 139.05 0.04 39
FINCABLES 1048.35 36.61 242.56
VINDHYATEL 2496.80 151.41 959.2
BIRLACABLE 268.90 11.33 76.66
PARACABLES 74.60 2.3 10.44
SURANAT&P 14.90 0.07 8.79
AKSHOPTFBR 9.20 0.39 18.44
BHAGYANGR 111.65 13.29 42.12
CMICABLES 5.15 0 -79.26
TNTELE 11.50 0 -32.61
Updated at: 03 May 2024 15:58

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