Protean eGov Technologies Ltd (PROTEAN) has been identified by Systematix Group as a top stock pick for Diwali, with a potential upside of 27%. The recommendation price is ₹1,932, with a target price of ₹2,459. Protean holds a significant market share in PAN application processing and is positioned for further growth in India’s digital ecosystem.
Key Highlights:
- Holds a 64% market share in PAN issuance.
- Plays a crucial role in the National Pension System (NPS) and Atal Pension Yojana.
- Zero-debt status with a strong cash balance of ₹700 Cr.
Targets:
- Target Price: ₹2,459
- Upside: 27%
Disclaimer: Stock investments are subject to market risks. Please read all related documents carefully before investing. Consult your financial advisor before making any investment decisions.
