PARAMOUNT COMM LTD
Long

Long on Paramount Communication - Paracables. #Breakoutstocks

180
Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.

Breakout done at 80, after long consolidation. I feel that for my analysis, I will keep a target of 127 for this. That is over 30% return target. Let's see where it goes.
Note
Paramount Communications: Pledges released worth of 184.72 crores by promoters. 3,96,74,457 (Three Crore Ninety-Six Lakhs Seventy-Four Thousand Four hundred and fiftyseven) equity shares. This should be a good news for the stock.

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