Multibagger Penny Stock Surged 25% in the last one month, delivering substantial gain to shareholders. During the early trading session the shares of Paramount Communications Limited decreased by 1.29%, hitting an intraday high of Rs 83.86. This Penny Stock was once trading less than ₹10, this stock has already returned more than 866%. Let us tell you that the shares of the company have a 52-week high price of Rs 116.85 and a 52-week low price of Rs 62.75. The company’s market value is Rs 2,521.81 crore. Check more details below
Multibagger Penny Stock Surged to Rs 83
In the last 5 years, Paramount Communications’ stock price has increased exponentially by 866%. The stock has now reached ₹83 mark while it was trading around ₹7 in October 2020. In the last two years, the stock has increased by over 657%. However the share price of Paramount Communications Limited has slipped 0.72% in the last one year. This year so far it has dropped 6.39%. In December 2023, Paramount Communications shares touched its all time high.
Also Read: Top Pharma Stocks in India for Multibagger Returns in 2025
Financial Performance of the Company
Paramount Communications’ net profit increased 4.31% to ₹20.33 crore in the September quarter (Q2FY25) while it was
₹19.49 crore in Q2FY24. In the quarter that ended in September 2024, the company’s sales increased 40.98% to ₹355.89 crore from ₹252.44 crore in the same period the previous year.
Paramount Communications Technical Analysis
The shares of Paramount Communications are currently trading over its 5-day, 10-days, 20-days, 50-days, 100-days and 200-days moving averages, indicating a strong long-term performance. However the MFI at 81.6 which means the shares may show a short-term pull back. RSI 66.7 indicates that the shares are neither trading in an overbought zone nor an oversold zone.
Paramount Communications Share Price Target
Paramount Communications Share Price Target is a maximum Rs 147 and minimum Rs 106 by the end of 2025. Investors should keep an close eye on the stock.
About Paramount Communications Limited
In 1978, Mr Shyam Sunder Agarwal established Paramount Communications, a wire and cable manufacturing company. It produces a range of cables for power, telecommunications, railroads, etc. Paramount delivers its products to markets in the United States, the United Kingdom, Bangladesh, Chile, Ghana, Libya, Myanmar, Nigeria, Tanzania, the United Arab Emirates, and Zambia. The company has manufacturing facilities in Khushkhera, Rajasthan, and Dharuhera, Haryana.
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