Protean eGov jumps 15% for 2nd straight day; now up 55% over issue price

The stock hit a new high of Rs 1,227.80 and has zoomed 55 per cent against its issue price of Rs 792 per share in just three trading sessions.

Shares of Protean eGov Technologies (PeTL), formerly NSDL e-Governance Infrastructure, hit a new high of Rs 1,227.80, as they surged 16 per cent on the BSE in Thursday’s intra-day trade, extending its rally post debut on Monday. On Wednesday, the stock had zoomed 20 per cent. Currently, the stock has zoomed 55 per cent against its issue price of Rs 792 per share.

PeTL is an information technology enabled Solutions Company conceptualizing; developing, and executing nationally critical and population scale Greenfield technology solutions collaborating with the government and has extensive experience in creating digital public infrastructure and developing innovative