Buy Paramount Communications Ltd Cmp Rs.35.10, 6 months target Rs 45 to Rs 50

Group - S
Sector Cables - Telephone
website - http://www.paramountcables.com

Paramount Communications Ltd (PCL) was incorporated in 1978 as Paramount Cable Corporation.It is one of the largest cable makers in India. PCL is the single largest supplier of cables to the Indian Railways and it will benefit from the latter’s modernization plan. Power cable opportunity in India is estimated at Rs 5,000 crore.