India's Protean eGov Technologies rises on 1 billion rupee-order win

Protean eGov Technologies

10/06/2025 05:33

** Protean eGov Technologies shares PROO.NS rise 4.3% to 992 rupees, on track to post second day of gains
** IT co gets work order worth nearly 1 bln rupees ($11.7 mln) from Bima Sugam India Federation to design, develop, implement, and to provide support and maintenance for their insurance marketplace platform

** Bima Sugam is backed by insurance regulator IRDAI
** Trading volume at more than 722,000 shares, near 30-day moving avg of 776,319 shares
** PROO down nearly 31% since listing on Feb 6
($1 = 85.5540 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))