Author name: Jaspreet Singh Arora

Shares of Protean eGov Technologies Ltd, a Ramesh Damani-owned company, took a steep fall on Monday, dropping 20% to hit the lower circuit limit of ₹1,143.20 on the Bombay Stock Exchange (BSE). This decline came after the company disclosed that it was not shortlisted by the Income Tax Department (ITD) for its ambitious PAN 2.0 project, a government-led initiative to overhaul the technological infrastructure behind PAN and TAN systems in India.

The cool scoop finally got the approval for the strategic move the company was planning since January 2025- the green signal to go ahead with Hindustan Unilever Limited (HUL) demerging its ice cream arm, Kwality Wall’s, leading to a newly formed company, Kwality Wall’s (India) Limited (KWIL). 

It’s not every day that a company’s share price drops over 60% in a single trading session. When Raymond Ltd saw its stock crash nearly 66.56% on May 15, it understandably raised some eyebrows. From ₹1,564.30 at Tuesday’s close to ₹523.10 on Wednesday, the plunge looked dramatic. But before jumping to conclusions, here’s what actually happened.

One small-cap stock that has drawn investor attention early on Wednesday, May 14, is HBL Engineering. Shares of the battery and railway safety solutions provider rose 5% in early trade, touching a high of ₹531.50 apiece on the BSE. The rally follows a significant regulatory milestone: approval for Version 4.0 of its Kavach System, a key safety mechanism for Indian Railways.