Protean stock tanks 20% after missing PAN 2.0 race

Protean eGov's Monday started with a jolt. The share price hit its 20 per cent lower circuit at Rs 1,143 on the BSE after the company revealed it wasn't shortlisted for the Income Tax Department's PAN 2.0 project. What Protean does Formerly known as NSDL e-Gov, Protean has been the tech backbone for India's PAN issuance, TIN network, NPS architecture and more. Here is how the company's fundamentals look. Metric Value Market cap Rs 5,794 cr P/E ratio 63.4 P/B ratio 6 ROE 11%