Ramesh Damani Backed Stock Protean eGov Technologies Tanks Another 13%, Falls 30% In 2 days
After plunging 20% in Monday's session, shares of Protean eGov Technologies continued their downward spiral on Tuesday, falling another 13% in early trade. The sharp sell-off comes after the company was not selected by the Income Tax Department for a major technology revamp project involving the design, development, implementation, operations, and maintenance of the PAN system. The stock, backed by veteran investor Ramesh Damani, has now shed nearly 30% over two days amid investor concerns about future growth prospects.
Protean eGov shares tank 13% on Tuesday
Protean eGov Technologies has seen a steep correction, with its shares plunging over 30% in the last two trading sessions. On Tuesday morning, the stock was trading around Rs 995, and if the downward momentum persists, it may soon test its 52-week low of Rs 930.
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Time of India
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- Time of India
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Time of India
21 minutes ago
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Karnataka's new IT policy to be finalised around July: Priyank Kharge
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Rapido cuts food delivery charges by half to counter Zomato, Swiggy
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