Paramount Communications Ltd Share Price Target Tomorrow 2024 To 2030

Paramount Communications Ltd is an Indian company specializing in the manufacturing of cables and wires, catering to various sectors including power, telecommunications, railways, and construction. Established in 1955, it has grown to become a notable player in the cable industry, known for its diverse range of products like optical fiber cables, power cables, and railway signaling cables. Paramount Communications Share Price on NSE as of 14 November 2024 is 67.39 INR. Here will provide you more details on Paramount Communications Share Price Target 2024, 2025, 2026 to 2030.

Paramount Communications Ltd: Market Overview

• Open Price: ₹66.20
• High Price: ₹69.30
• Low Price: ₹66.20
• Previous Close: ₹66.20
• Volume: 956,415
• Value (Lacs): ₹644.24
• VWAP: ₹67.70
• UC Limit: ₹79.44
• LC Limit: ₹52.96
• P/E ratio: 21.90
• Div yield: N/A
• 52-wk high: ₹116.85
• 52-wk low: ₹60.50
• Mkt cap: ₹2.06KCr
• Face Value: ₹2

Paramount Communications Ltd Competitors

Here are four competitor companies of Paramount Communications Ltd along with their approximate market capitalizations:

1. Finolex Cables Ltd – Approximately ₹13,000 crore
   Finolex Cables is one of India’s leading cable manufacturers, known for electrical and telecommunication cables and strong market presence​.
2. KEI Industries Ltd – Approximately ₹17,000 crore
   KEI specializes in a range of power and telecommunication cables and is a significant player in the infrastructure sector, especially in high-demand industrial projects​.
3. Havells India Ltd – Approximately ₹89,000 crore
   Although primarily known for its electrical goods, Havells India also competes in the cable and wire sector, targeting residential and commercial segments with diverse products​.

4. Polycab India Ltd – Approximately ₹63,000 crore
   Polycab has a robust portfolio in wires and cables, and it has a substantial market share across various sectors, including power and telecommunication cables.

Paramount Communications Ltd Share Price Chart

Paramount Communications Ltd Share Price Target Tomorrow 2024 To 2030

Paramount Communications Ltd Share Price Target 2024

Paramount Communications Ltd share price target 2024 Expected target could be ₹120. Here are three key factors that could impact the share price target for Paramount Communications Ltd in 2024:

• Growing Demand for Infrastructure and Connectivity
  Paramount Communications stands to benefit from increased infrastructure spending in India, especially in sectors like telecommunications, railways, and urban development. As India expands its digital and physical infrastructure, the demand for reliable cables and wires grows, which could support the company’s revenue and positively impact its stock price​.
• Expansion into High-Growth Segments
  The company’s focus on expanding its product portfolio to include high-margin segments such as optical fiber and specialty cables could drive growth. If Paramount successfully captures a larger share in these high-demand segments, it may see improved profitability and investor confidence, supporting its share price​.

• Strategic Partnerships and Government Initiatives
  Paramount’s collaborations and participation in government projects, such as Smart Cities and Digital India, provide a steady stream of projects and opportunities. These government initiatives are crucial for infrastructure development, which could contribute to Paramount’s growth and share price appreciation if it secures more contracts within these programs.

Paramount Communications Ltd Share Price Target 2025

Paramount Communications Ltd share price target 2025 Expected target could be ₹170. Here are three key factors that could influence Paramount Communications Ltd‘s share price target for 2025:

• Expansion in International Markets
  Paramount Communications has the potential to strengthen its presence in global markets by catering to growing infrastructure needs worldwide. Increased exports of its cables, particularly to countries investing in telecommunications and smart infrastructure, could drive revenue growth. Successfully expanding internationally would add diversification to its revenue streams and help stabilize earnings, positively impacting its share price​.
• Investment in Technological Advancements
  As demand for advanced cables such as fiber optics and specialty cables increases, Paramount’s investment in new technologies and manufacturing capabilities will be crucial. By improving its product quality and range, the company can meet the requirements of high-growth sectors like 5G, smart grids, and renewable energy. This technological edge can attract new customers and enhance profitability​.

• Supportive Government Policies and Infrastructure Development
  Continued government support for infrastructure projects, such as India’s focus on Smart Cities and Digital India initiatives, can benefit Paramount Communications. If the government maintains its spending on these projects, demand for cables will likely grow, creating a stable pipeline of projects for Paramount. This demand stability could drive steady revenue growth, positively influencing the company’s share performance​.

Paramount Communications Ltd Share Price Target 2030

Paramount Communications Ltd share price target 2030 Expected target could be ₹440. Here are three potential risks and challenges that could impact Paramount Communications Ltd‘s share price target by 2030:

• Intense Competition and Price Pressure
  Paramount Communications operates in a highly competitive market, facing challenges from established domestic and international players like Polycab and KEI Industries. By 2030, if competitors continue to innovate or lower prices, Paramount may face pressure to reduce its pricing, which could impact profit margins and growth potential​.
• Volatility in Raw Material Prices
  Cable manufacturing relies on key raw materials like copper and aluminum, which are subject to price fluctuations due to global market conditions. If material costs increase or experience volatility, Paramount’s production expenses may rise, putting pressure on profitability and potentially affecting its stock price performance​.

• Regulatory and Environmental Compliance Costs
  The company might face growing environmental regulations related to waste management, energy usage, and emissions. Compliance with stricter environmental standards could increase operational costs over time. Any significant regulatory change by 2030 could require additional investments in sustainable practices, impacting profitability and investor sentiment.

Paramount Communications Ltd Shareholding Pattern

• Promoters: 49.07%
• Retail and Others: 48.72%
• FII: 2.21%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://paramountcables.com/

Paramount Communications Ltd Financials

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