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Paramount Communications Limited
Share Price Target & Analysis

NSE:PARACABLES

65.85

VWAP

65.91

Open

65.5

Close

67.5

High

64.5

Low

116.85

52 Week High

66.81 ⇧
1.31 (2%)

PARACABLES

(TELECOM)
10% Momentum

Watch Carefully

61.25

52 Week Low

3.18

EPS

50.69

PE

3.25

PB

Economical
Quality

Silver
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 66.81, 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 3.18. NSE:PARACABLES book value per share as of today is 20.54. The current price to book ratio for PARACABLES as of Nov 23, 2024 is 3.25.

Valuation of the Stock: The current valuation of PARACABLES stock is like Silver which means currently the stock is at Premium. 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 42.4% is very crucial parameter which shows that 42.4% investors are anticipating that the price of PARACABLES share should go up with VWAP at 65.85.

Now, the main question is whether to BUY or SELL, NSE:PARACABLES at current valuation.
As per latest Analysis No. #11102:-

⇑ 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 (Nov 23, 2024)

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

Paramount Communications Limited share price moved Up by 2% from its previous close of Rs 65.5. PARACABLES stock last traded price is 66.81. PARACABLES share price trend is Up with a total of 729541 stocks traded till now. It has touched an intraday high of Rs 67.5 and an intraday low of Rs 64.5. The PARACABLES trading at 66.81, Up by Rs. 1.31, or 2 percent which suggests that most of the Traders are anticipating that the price of PARACABLES share should go Up.

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 Up by 2%. PARACABLES share price short term trend is Up. It suggests that PARACABLES Share Price for Tomorrow remains the same with VWAP at 65.85 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

 66.81

PARACABLES Share Price Target Prediction for 2024 ^

 64.2 - 94.6

PARACABLES Share Price Target Prediction for 2025*^

 94.6 - 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
20.4

*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: @67.36

PARACABLES Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 68.86 SELL 68.63 SELL
MA_12 71.28 SELL 70.62 SELL
MA_20 71.03 SELL 72.06 SELL
MA_32 74.92 SELL 74.61 SELL
MA_50 80.2 SELL 76.41 SELL
MA_100 79.95 SELL 78.05 SELL
MA_200 79.85 SELL 76.57 SELL

PARACABLES Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 71.03 Downtrend
MACD -0.04 SELL
ADX 23.07 NO or Weak Trend
DMI (+/-) 13.78 / 28.57 Downtrend

PARACABLES Momentum Oscillators

BUY (0) NEUTRAL (5) SELL (7)
Momentum Oscillators Value Action
RSI 35.41 Neutral
STOCHASTIC_K (Fast) 13.39 Oversold
STOCHASTIC_D (Slow) 6.53 Oversold
CCI -126.57 SELL
PSAR 75.33 SELL
TRUE RANGE 3.1 Neutral
ATR 3.34 Neutral
WILLIAMS R -83.71 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 38.98 Neutral
STOCHASTIC RSI D 12.99 Oversold
MOMENTUM -10.51 SELL

PARACABLES Last 1 Year Trend

Duration Value
1 Year 3.23%
3 Months -16.36%
1 Month -13.5%
1 Week -8.65%

PARACABLES Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 20%
SELL 80%

Most popular Questions & Answers about PARACABLES


Paramount Communications Limited stock last traded price is 66.81. PARACABLES share price moved Up by 2% from its previous close of Rs 65.5.

Paramount Communications Limited share price trend is Up with a total of 729541 stocks traded till now. It has touched an intraday high of Rs 118.0185 and an intraday low of Rs 64.5. The PARACABLES trading at 66.81, Up by Rs. 1.31, or 2 percent which suggests that most of the Traders are anticipating that the price of PARACABLES share should go Up and the Stop Loss will be around 65.85.

The market cap of Paramount Communications Limited is ₹271.9 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Paramount Communications Limited as of Nov 22, 2024 is 50.69.

The current price to book ratio for Paramount Communications Limited as of Nov 22, 2024 is 3.25.

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 ₹61.25 in the last 52-week.

Paramount Communications Limited share trading at ₹66.81, Up by Rs. 1.31, or 2 percent which suggests that most of the traders are anticipating that the price of PARACABLES share should go Up.

In 2023, Stock price target for Paramount Communications Limited (PARACABLES) are ₹64.2 on downside and ₹94.6 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 ₹94.6 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.

The price of Paramount Communications Limited (PARACABLES) shares moved by 2%. The short-term trend for PARACABLES share price is Up. It implies that the share price of PARACABLES will stay the same tomorrow and that intraday traders should treat VWAP at 65.85 as a stop loss. Investors with a long-term outlook can track PARACABLES long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of PARACABLES stock is 38.1. Compared to the current market price of 66.81 INR, the PARACABLES stock is Overvalued by 43%.

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 3.18. Paramount Communications Limited book value per share as of today is 20.54. The current price to book ratio for PARACABLES as of Nov 23, 2024 is 3.25.


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 114.03 0 35.64
FINCABLES 1116.75 35.48 275
VINDHYATEL 1942.60 114.38 1119.24
BIRLACABLE 205.58 2.41 83.97
PARACABLES 66.81 3.18 20.54
SURANAT&P 19.37 0.74 9.59
AKSHOPTFBR 9.60 0 5.57
BHAGYANGR 97.81 0.38 54.41
CMICABLES 4.33 0 -84.45
TNTELE 9.47 0 -35.8
Updated at: 22 Nov 2024 15:52

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