Physicswallah shares jump 5% after block deal worth Rs 550 crore. What’s ahead after 63% rally in 6 months?

Shares of Physicswallah sharply surged around 5% on Wednesday morning after nearly 4.67 crore shares of the edtech platform worth around Rs 550 crore changed hands in a block deal.

The shares were traded at Rs 117.72 per share as part of the block deal, marking around a 3% discount to the stock’s previous closing price of Rs 121 apiece. The stock sharply surged to Rs 126.98 apiece after the block deal.

This comes after Physicswallah shares sharply recovered around 63% in less than six months since hitting a record low of Rs 77.72 apiece in March this year. The buyers and sellers in Physicswallah’s block deal could not be ascertained.

Physicswallah share price

Physicswallah shares had made a strong market debut in November last year, listing at a 33% premium over IPO price at Rs 145 apiece on NSE. The stock then gained around 12% to hit a record high of Rs 161.99 apiece in the same month, before beginning to sharply decline.

The stock tumbled over 52% in less than four months to hit a record low of Rs 77.72 apiece in March this year. The shares of the edtech platform have, however, recovered 63% since then.

Also read | Physicswallah is ‘class’ apart, says DAM Capital after initiating with Buy rating. 3 reasons why

What lies ahead for Physicswallah shares?

Physicswallah reported improved financial performance for the first quarter of FY27 earlier this month. Its consolidated net loss narrowed to Rs 88.3 crore in Q1FY27, compared with a loss of Rs 127 crore in the same period last year. Revenue from operations rose 24% year-on-year to Rs 1,054 crore from Rs 847 crore, driven primarily by strong growth in its online business.

JM Financial described the Q1 performance as “decent”, noting that consolidated revenue grew 24% YoY despite the NEET-related revenue shift. It highlighted the 33.2% YoY growth in the online business and improving monetisation and profitability.

JM Financial upgraded PhysicsWallah to ‘Buy’, retaining its target price of Rs 140 apiece. This implies more than 15% upside potential from the stock’s previous closing price.

Also read | PhysicsWallah shares rally 8% after Q1 loss narrows, revenue rises 24% YoY. Should you buy?

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