Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Paracables Short Term Call : Target Rs 55

51 sec read

 
Script Name : Paracables
CMP Price   : Rs44.25
Target Price : Rs 60
Time Frame : 1 Month(Short Term)
Potential Upside : More than 20%
 
About the Company

Paramount Cables  is proud to have reached a major milestone to its alre ady growing track record. The Company has been awarded ISO 9001 and 14001 by Moody International, bearing eloquent testimony to the stringent quality that is the hallmark of Paramount products. The certification is but one more guarantee that our clientele can be rest assured of total satisfaction.

Paramount caters to a wide range of industries with an equally wide range of technologically advanced cables, cords and wires for Telecommunication, Railways, Space Research, Thermal & Nuclear Power Plants, Petrochemical, Fertilizers, Steel, Electronics and various other industries.

Incorporated in 1978, the Company swiftly established a name for itself and embarked on an exponential growth trajectory. Visionary diversification began with the move into special cables in the early ’80s, supported by a dedicated team of technocrats and experts.

Paramount Cables has always laid major emphasis on keeping abreast with the latest international developments, focusing and adapting technology to create multi-faceted, need-based products for utilization in various spheres of industrial activity.

 
 
 
 
Paracables Fundamentals
 
Fundamentals
Market Capitalization  ( Rs cr ) 358.73
Book Value 19.57
Debt / Equity 1.14
P/E 9.45
Dividend Yield % 0.94
EPS 4.49
Return on Net Worth 22.53
Current Ratio 4.57
Quick Ratio 2.90
Interest Cover 6.78
 
 
 

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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