Protean eGov shares tumble 31% in 2 days after I-T Dept rejects bid for PAN 2.0 project; should you still buy?

Shares of Protean eGov Technologies Ltd dropped over 31% after being excluded from the Income Tax Department’s PAN 2.0 project. The stock fell 14.12% on Tuesday, trading near 52-week lows. Analysts express concerns over potential revenue loss as PAN services constitute about 50% of revenue.

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