Protean eGov Technologies, backed by Ramesh Damani, has seen its stock price plummet nearly 50% from its 52-week high. Analysts attribute the decline to the company’s failure to secure the government’s PAN 2.0 project. Despite a minor technical bounce, experts advise caution, citing a weak technical structure and the formation of lower highs and lows.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets