Sunday, October 18, 2020

Undervalued Stock Under 10 | Potential Outperformer


Paramount Comm ( PARACABLES)

Stock/Share Price: 7.45

In this article we will discuss recent development in the StockShare of PARACABLES in the Stock Market

Paramount Communications Ltd, a part of the Paramount group of companies, is one of leading cable manufacturing companies in India. The company is engaged in manufacturing power and communication cables. 

They provide complete cabling solutions to almost all the sectors of the economy, such as power, telecom and information technology, railways, petrochemicals and industrial sector.

Recent Key Strengths

Strong Momentum: Price above short, medium and long term moving averages

Rising Delivery Percentage Compared to Previous Day

319.5% returns for Nifty 500 over 5.1 years

Continuous recovering reserves 

Recent Weaknesses

Low Piotroski Score : Companies with weak financials

Major fall in TTM Net Profit

Fall in Quarterly Revenue and Net Profit (YoY)

Highest promoter stock pledges

Technical Chart 

Paracables share price ,

Friends PARACABLES a small cap 137 cr. currently trading at 7.6 and having book value of 9.89. PARACABLES made a high of 19.70 in 2018 and was in long term price correction since then.

Now the stock made a bottom near 4 and after consolidation started rising in a long term uptrend . Recent financial summary and reserves are also improving on time .

So fundamentally as well as technically stock is showing sign of improvements. Therefore long position in the stock can be taken at current levels for the upside level of 19.70 and 24.70 in short to medium term time period.

Recent Valuation Summary

Paracables share price ,

Recent Annual Results

Paracables share price ,

Key Balance Sheet Summary

Paracables share price ,

Thanks for your Precious Time.

Finvest Online
Telegram  :

r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

No comments:

Post a Comment