Ganesh Utsav is being celebrated all over the country. Like Shri Ganesh, the destroyer of obstacles, your portfolio should have such shares that can double or triple your money in the long term.
A market expert has chosen the IT sector’s small-cap company Protean eGov Technologies Ltd as a Vignaharta share for investors.
It has to be bought with a 1-3 year perspective. The share has jumped 95 percent in the last 3 months.
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Protean eGov: The Price Will Go Up To ₹4000
A market expert has advised buying Protean eGov Technologies Ltd for a target of 2500, 3000, and 4000. These targets are for 1-3 years. Its current price is 2018.
It is not necessary to buy this share immediately. This stock usually trades in the range of 1700-1800 on the lower side and 2100-2200 on the upper side.
If this stock is available at the level of 1850, it would be better to enter. Apart from this, do SIP on every 10 percent fall in this stock.
Protean eGov: What Is The Company’s Business?
The market expert says this is a big company in the public digital infrastructure sector.
This company is doing good work in this direction. It is a good example for the whole world.
This company provides services related to online TIN, PAN, NPS Aadhar KYC. The company’s growth is good. The business is strong.
Protean eGov: Management Outlook
He said that according to the management’s outlook, the management is confident about the future growth of PAN card issuance.
Focus on creating digital public infrastructure (DPI) will bring strong growth. Technical experience in digital transformation is beneficial for new opportunities.
Protean eGov: New Growth Triggers
PAN 2.0 comes directly from Income Tax Department. This company is likely to get the order for this project because it is the only expert.
The company will benefit from the government’s announcement to digitize all land records. It will also sign an agreement with ONDC to provide services in digital commerce.
The company is preparing to provide customized EKYC products in the BFSI space. One should buy this stock whenever there is a chance in the fall.
Quick Fact
| Company name | Protean eGov Technologies |
|---|---|
| Sector | IT |
| Market Cap | Small-cap |
| Investment Time | 1-3 years |
| Last 3 Months Gain | 95% |
| Possible Target Price | ₹2500, ₹3000, ₹4000 (1-3 years) |
| Entry Point | ₹1850 |
| Buy Strategy | SIP on every 10% fall |
| Business | Public digital infrastructure |
| Services Provided | Online TIN, PAN, NPS Aadhar KYC |
| Growth Outlook | Strong growth, good digital infrastructure |
| Management Focus | Future growth in PAN card issuance |
| Future Opportunities | PAN 2.0 project, land records digitization, ONDC agreement, EKYC products in BFSI |
| Expertise | Digital transformation |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
