India's Protean eGov Technologies slumps as co ruled out of further bids in project

Protean eGov Technologies

19/05/2025 05:58

** Shares of Protean eGov Technologies PROO.NS down 20% to 1,143.2 rupees, set to log their worst day on record

** The IT solutions firm said its proposals for bidding have been ruled out under design, development and ops of the IT department's PAN 2.0 project

**  Stock rated "buy" on avg by three brokerages - data compiled by LSEG

**  Stock down ~26% so far in 2025

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))