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Paramount Communications Share Price Target 2024, 2025, 2026 to 2039 With Charts
Paramount Communications Limited | |||
 | Symbol: PARACABLES | ||
| Price: ₹66.77 | |||
| Exchange: NSE | |||
| Technology -> Communication Equipment | |||
Show Table of Contents
Table of Contents
- 1: Paramount Communications Brief Company Overview
- 1.1: Paramount Communications: A Leading Cable and Wire Manufacturer in India
- 1.2: Paramount Communications Financial Performance
- 1.2.1: Is Paramount Communications A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Paramount Communications Share Price Target For 2024
- 2.1.1: Paramount Communications Share Price Target Table For 2024
- 2.1.2: Summary: Paramount Communications Share Price Prediction For 2024
- 2.2: Paramount Communications Share Price Target For 2025
- 2.2.1: Paramount Communications Share Price Target Table For 2025
- 2.2.2: Summary: Paramount Communications Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Paramount Communications Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Paramount Communications Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Paramount Communications Past Performance
Paramount Communications Brief Company Overview
Paramount Communications: A Leading Cable and Wire Manufacturer in India
Paramount Communications, established in 1955, boasts a 67-year history as a prominent manufacturer and supplier of wires and cables to diverse industries in India. Headquartered in New Delhi, Paramount has earned a reputation for excellence in the industry.
Key Products and Services:- Power cables (high/low tension, aerial bunch cables)
- Control cables (screened/unscreened)
- Instrumentation cables (process control, A/D converters)
- Telecom cables (optical fiber, jelly filled, fiber to the home)
- Underground railway signaling and quad axle counter cables
- Fire survival, XLPE, multicore round, solar, PTFE, and special cables
- Building and PVC wires
- Turnkey services (construction, design, supply, engineering, installation testing, and commissioning)
Paramount's commitment to quality and innovation has made it a trusted partner for numerous sectors, including power, railways, telecom, IT and communications, construction, defense, space research, electronics, specialized turnkey, renewable, and oil and gas. The company serves both the domestic and international markets through its exports.
Paramount Communications Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 2,166.52 Crore | Market valuation of Paramount Communications's shares. |
| Revenue (TTM) | 949.3 Crore | Total revenue generated by Paramount Communications over the past twelve months. |
| Net Income (TTM) | +69.85 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 7.62% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 7.35% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +30.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +53.8% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 38.02 | Company's total debt divided by total shareholder equity. |
| Total Debt | 151.27 Crore | Sum of Paramount Communications's current & long-term financial obligations. |
| Total Cash | 36.26 Crore | Total amount of liquid funds available to Paramount Communications. |
| Beta | 0.01 | Beta is less than 1 indicating that the Paramount Communications's price is less volatile than the market. |
Is Paramount Communications A Good Buy For Long Term?
Paramount Communications' impressive long-term returns and consistent revenue growth indicate its potential as a good buy. Its profitability, as reflected by its profit margin of 7.35%, further supports this view. While the company has some debt, its cash balance provides a cushion. However, the recent dip in earnings and negative YTD returns should be considered before making a decision. Overall, Paramount Communications presents a compelling opportunity for long-term investors seeking a balance of growth and value.
To predict the Paramount Communications's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Paramount Communications Share Price Target For 2024
The line chart displays the monthly closing prices of Paramount Communications with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Paramount Communications shares in 2024, see the table below.
Paramount Communications Share Price Target Table For 2024
| Paramount Communications's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 68.80 (+3.04%) | Price Action: 22 Oct 2024 Low |
| 2024 Target 2 | 68.09 (+1.97%) | Custom Fibonacci Extension Lvl 50% |
| 2024 Target 1 | 67.39 (+0.92%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 66.77 | Paramount Communications's 1 share price as of Tue 19 Nov 2024 |
| Stop Loss 1 | 66.50 (-0.41%) | Price Action: Oct 2023 High |
| Stop Loss 2 | 65.59 (-1.77%) | Price Action: 18 Nov 2024 Low |
| Stop Loss 3 | 64.38 (-3.58%) | Fibonacci Retracement Extended 61.8% |
Summary: Paramount Communications Share Price Prediction For 2024
In summary, Paramount Communications has declined by ₹-21.38, recording a notable -24.25% decrease from 1st January 2024 to 19 Nov 2024. Despite the setback, our analysis of Paramount Communications for 2024 predicts an additional rise of 0.92% to 3.04% by the end of 2024 with three potential targets T1: 67.39, T2: 68.09, T3: 68.80. Stop Loss at SL1: 66.50, SL2: 65.59, SL3: 64.38.
Paramount Communications has a 52-week high of ₹116.85, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹60.50, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Paramount Communications.
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Paramount Communications Share Price Target For 2025
The line chart displays the monthly closing prices of Paramount Communications with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Paramount Communications shares in 2025, see the table below.
Paramount Communications Share Price Target Table For 2025
| Paramount Communications's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 110.03 (+64.78%) | Price Action: Chart |
| 2025 Target 2 | 107.98 (+61.71%) | Price Action: Chart |
| 2025 Target 1 | 106.91 (+60.11%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 66.77 | Paramount Communications's 1 share price as of Tue 19 Nov 2024 |
| Stop Loss 1 | 57.50 (-13.89%) | Price Action: Feb 2007 High |
| Stop Loss 2 | 56.93 (-14.74%) | Price Action: Chart |
| Stop Loss 3 | 55.91 (-16.27%) | Price Action: Chart |
Summary: Paramount Communications Share Price Prediction For 2025
In summary, Paramount Communications has declined by ₹-21.38, recording a notable -24.25% decrease from 1st January 2024 to 19 Nov 2024. Despite the setback, our analysis of Paramount Communications for 2025 predicts an additional rise of 60.11% to 64.78% by the end of 2025 with three potential targets T1: 106.91, T2: 107.98, T3: 110.03. Stop Loss at SL1: 57.50, SL2: 56.93, SL3: 55.91.
Paramount Communications has a All-Time high of ₹116.85, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹60.50, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Paramount Communications, we have created a specific page for that check here: Paramount Communications Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Paramount Communications Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Paramount Communications share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 6.46% over the next 15 years.
For complete year by year Paramount Communications long term share price target from 2024, 2025 to 2039 check the below table.
Paramount Communications Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Paramount Communications Target | YoY Change % |
|---|---|---|
| 2024 | ₹66.77 | [Current Price] |
| 2024 | ₹70.15 | 5.06% |
| 2025 | ₹85.49 | 21.86% |
| 2026 | ₹93.6 | 9.48% |
| 2027 | ₹92.87 | -0.78% |
| 2028 | ₹101.77 | 9.58% |
| 2029 | ₹101.21 | -0.56% |
| 2030 | ₹120.27 | 18.83% |
| 2031 | ₹128.81 | 7.1% |
| 2032 | ₹125.36 | -2.68% |
| 2033 | ₹135.06 | 7.73% |
| 2034 | ₹132.28 | -2.06% |
| 2035 | ₹155.05 | 17.21% |
| 2036 | ₹164.03 | 5.79% |
| 2037 | ₹157.86 | -3.77% |
| 2038 | ₹168.34 | 6.63% |
| 2039 | ₹168.6 | 0.15% |
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Paramount Communications Past Performance
- In 2007, Paramount Communications opening price was ₹57.5
- As of Tue 19 Nov 2024 the price stands at ₹66.77.
- This represents a Compound Annual Growth Rate (CAGR) of 0.83%.
- In 17 years, an investment of 10,000 would have become ₹11,612.17.
As we wrap up, we hope you like our study on Paramount Communications share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
