Shares of Ltd were up 5.07 per cent at ₹126.71 around midday on Friday, with intraday highs touching ₹127.80 against a previous close of ₹120.60. The stock opened at ₹123.37 and has seen heavy trading, with over 28 lakh shares changing hands and a traded value of ₹356.52 crore by 12.10 pm.
The company’s market capitalisation stands at approximately ₹36,783 crore. Sell-side interest is dominant, with roughly 66.61 per cent of order quantity on the sell side against 33.39 per cent on the buy side, suggesting active profit-booking even as the stock climbs. The counter’s 52-week range is ₹77.72 to ₹161.99, meaning the stock remains well off its peak hit at listing in November 2025.
Motilal Oswal Securities has initiated coverage on PhysicsWallah with a Buy rating and a target price of ₹200, calling it one of India’s most capital-efficient EdTech businesses. The brokerage flagged the company’s 100 million-plus YouTube subscriber base as a structural advantage that keeps customer acquisition costs low. It estimates online revenue to grow at a 28 per cent CAGR through FY30, with pre-IND AS EBITDA margins expanding from 26 per cent to 30 per cent by FY28.
JM Financial has reiterated a Buy call with a September 2027 target price of ₹150. Analyst Swapnil Potdukhe argued the company is on track to double its pre-IND AS EBITDA in FY27, driven by its online business growing over 30 per cent and improving economics at offline centres. JM Financial projects consolidated revenue to grow at a 24 per cent CAGR over FY26–29, with EBITDA potentially expanding fivefold by FY29 from ₹3 billion in FY26.
In its most recent quarterly results, PhysicsWallah reported net sales rising 50.72 per cent year-on-year to ₹918.80 crore in Q4 FY26, while its net loss narrowed sharply to ₹74.89 crore from ₹293.10 crore in the same quarter a year earlier.
The company has also scheduled its sixth Annual General Meeting for September 25, 2026. Key risks flagged by analysts include competitive pressure, weaker-than-expected offline execution, and potential regulatory changes affecting coaching institutes.