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Not winning the PAN 2.0 mandate has materially increased medium-term earnings risk
Following the price correction, Protean is now trading at a more reasonable valuation of 33 times FY27 estimated earnings
Outlook promising as the share of new business could rise meaningfully over the next 2-3 years
Among new investment themes that have emerged from renewable energy to artificial intelligence, the one that can’t be missed is India’s digital journey and Protean is the best stock to play the same
The company, with non-linear growth potential, is one of the best plays on India’s digital theme
The company has a dominant market position in e-governance space, unique business moats, and healthy financials