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Kundan Motwani

19th May 2025 · SEBI-Registered Analyst

📉 Protean eGov Crashes 20% After Missing PAN 2.0 Deal

Big jolt for Protean eGov today! The stock tanked 20% to ₹1,143 after it failed to qualify for the Income Tax Dept’s prestigious PAN 2.0 project. 🔍 What went wrong? The company wasn’t shortlisted for the next stage of bidding, despite being a key player in PAN services. 💬 Protean said this won't impact their ongoing PAN operations—but the market clearly didn’t take it lightly. ⚠️ Investor Insight: Missing a major government tech project raises growth concerns. One to watch closely.

#StockInNews#WatchOutFor
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