# Physicswallah (PWL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/pwl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹130.01
- Change: -1.66%
- As of: 2026-11-06
- 1D return: -1.66%
- 5D return: +0.79%
- 1M return: -7.45%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

PWL closed at ₹130.01 on 2026-11-06, trading in a narrow range between ₹128.4 and ₹132.2 after an extreme volume-driven upward anomaly (+3.8%, volume ratio 5.64) on the previous day. The daily technical structure is conflicted: while price remains above key long-term averages (50-period SMA/EMA and 200-period SMA), it has fallen below short-term momentum indicators (20-period SMA/EMA) and the Supertrend, which turned bearish. Daily trend strength is weak, with ADX at 13.24. However, the weekly chart shows a bullish Supertrend and positive slope for the 20-period SMA, suggesting the broader intermediate trend may still be intact despite near-term consolidation.

Price is positioned +45.8% within its 20-day range and +62.1% within its 252-day range. Immediate resistance sits at ₹130.29 (0.22% above), followed by ₹132.72 (2.09% above). Support is located at ₹128.42 (1.23% below) and ₹127.94 (1.59% below). With annualized volatility at 52.5% and ATR at 4.7%, the stock exhibits high sensitivity to intraday moves. Recent patterns like the Inside Bar (2026-11-02) and Evening Star (2026-10-30) are inactive, indicating a pause in directional conviction. Confirmation of a renewed bullish setup would require a sustained close above ₹132.72, invalidating the current bearish Supertrend signal. Conversely, a break below ₹127.94 could signal further downside pressure toward ₹125.78.

- Trend Conflict: Daily Supertrend is bearish with weak momentum (ADX 13.24), but weekly Supertrend remains bullish, creating a mixed horizon signal.
- Key Levels: Resistance at ₹130.29 and ₹132.72; Support at ₹128.42 and ₹127.94. Price is currently testing immediate resistance.
- Volatility & Risk: High annualized volatility (52.5%) and ATR (4.7%) suggest significant intraday swings. Current drawdown is -16.3% from available highs.
- Confirmation Condition: A decisive close above ₹132.72 would validate a return to bullish momentum; a break below ₹127.94 would increase downside risk.

- Inside Bar
- Evening Star
- Hammer

### News Context

PhysicsWallah reported consolidated net profit of nearly ₹144 crore for the September quarter (Q2 FY27), more than doubling from the previous period, while revenue grew 18% year-on-year to ₹1,242.26 crore. This turnaround was driven by a 26.4% increase in online revenue and improved cost efficiency, which offset a slowdown in medical entrance coaching. The company shifted its offline expansion strategy, limiting new centre openings to 56 locations in the first half of FY27 with a focus on improving existing site economics. Founder Alakh Pandey announced a two-year plan to expand presence in southern India through partnerships. Following these results, shares rose 10%. Brokerages reacted with divergent views: Motilal Oswal reiterated a 'Buy' rating with a ₹200 target, citing 57% upside potential from operating leverage, while Prabhudas Lilladher issued an 'Accumulate' recommendation with a lower ₹140 target. Analysts cautioned that the sharp profit jump may be seasonal.

- Q2 FY27 Financials: Consolidated net profit surged to ~₹143.63 crore (more than double) with revenue rising 18% YoY to ₹1,242.26 crore, driven by 26.4% online revenue growth.
- Strategic Shift: Offline expansion moderated to 56 new centres in H1 FY27; focus is on improving economics of existing locations rather than rapid scaling.
- Market Reaction: Shares jumped 10% post-results; Motilal Oswal set a ₹200 target ('Buy'), while Prabhudas Lilladher set a ₹140 target ('Accumulate').
- Risk Factor: Analysts note the significant profit increase may be seasonal, requiring monitoring of sustainability beyond this quarter.

- [Accumulate Physicswallah; target of Rs 140: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-physicswallah-target-of-rs-140-prabhudas-lilladher-14072454.html)
- [PhysicsWallah Q2 net profit more than doubles to nearly ₹144 crore as revenue rises 18% | Company Business News](https://www.livemint.com/companies/company-results/physicswallah-q2-net-profit-more-than-doubles-to-nearly-rs-144-crore-as-revenue-rises-18-11793893174732.html)
- [PhysicsWallah shares zoom as Q2 profit doubles, Motilal sees 57% upside potential](https://www.thehindubusinessline.com/markets/stock-markets/physicswallah-shares-zoom-as-q2-profit-doubles-motilal-sees-57-upside-potential/article71669361.ece)
- [PhysicsWallah shares jump 10% after Q2 profit more than doubles: Buy, sell or hold? What brokerages say](https://www.livemint.com/market/stock-market-news/physicswallah-shares-jump-10-after-q2-profit-more-than-doubles-buy-sell-or-hold-what-brokerages-say-11793853896099.html)
- [PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%](https://economictimes.indiatimes.com/markets/stocks/earnings/physicswallah-q2-net-profit-doubles-to-rs-144-crore-revenue-rises-18/articleshow/135555710.cms)

### What Changed

Physicswallah (PWL) has reported significant operational and financial developments for the quarter ended September 2026, alongside a recent corporate acquisition. Consolidated net profit more than doubled to nearly ₹144 crore, driven by an 18% revenue increase to ₹1,242.26 crore and higher NEET enrolments. The company is shifting its offline expansion strategy, planning only 25-30 smaller centres annually while focusing on improving existing location economics, with founder Alakh Pandey targeting two years of growth in southern India. On 5 November 2026, PWL filed an XBRL disclosure regarding the board-approved acquisition of an additional 12.25% stake in subsidiary Utkarsh Classes & Edutech Private Limited under Tranche 4 of the existing SATA. Consideration details contain conflicting figures: INR 300,000 in cash fields versus INR 2,55,990 for 25,599 equity shares. As of 6 November 2026, the stock traded at ₹130.01, down from ₹132.20, while Prabhudas Lilladher issued an 'Accumulate' recommendation with a price target of ₹140.

- Q2 Net profit surged 2x to ~₹144 crore; Revenue rose 18% to ₹1,242.26 crore, supported by NEET enrolment growth.
- Offline expansion calibrated to 25-30 small centres annually; focus shifted to unit economics and southern India partnerships over next two years.
- Acquisition of 12.25% additional stake in Utkarsh Classes approved on 4 Nov 2026; consideration amounts conflict between INR 300,000 and INR 2,55,990 in filings.
- Stock price declined to ₹130.01 on 6 Nov 2026 from ₹132.20; analyst target set at ₹140 with 'Accumulate' rating.

- [Accumulate Physicswallah; target of Rs 140: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-physicswallah-target-of-rs-140-prabhudas-lilladher-14072454.html)
- [PhysicsWallah Q2 net profit more than doubles to nearly ₹144 crore as revenue rises 18% | Company Business News](https://www.livemint.com/companies/company-results/physicswallah-q2-net-profit-more-than-doubles-to-nearly-rs-144-crore-as-revenue-rises-18-11793893174732.html)
- [PHYSICSWALLAH LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25642_WebXMLFile_20261105_175202228.xml)

### Official Filings

Physicswallah Limited (PWL) reported unaudited financial results for Q2 and H1 FY27 ending September 30, 2026, marking a significant shift to profitability. H1 revenue from operations grew 20.7% to ₹2,292.60 crore, with Profit After Tax (PAT) turning positive at ₹55 crore compared to a ₹57 crore loss in the prior year. In Q2 alone, PAT surged to ₹142 crore on revenue of ₹1,242.26 crore. The company also exited direct lending by selling its ~₹96 crore student loan portfolio to Auxilo Finserve Private Limited as of October 4, 2026. Governance and compliance developments include the Punjab Government notifying the PhysicsWallah Digital University Act, 2026, on October 29, 2026, and board approval for an incremental acquisition of a 12.25% stake in subsidiary Utkarsh Classes & Edutech Private Limited for INR 2,55,990. However, a Monitoring Agency Report highlighted a procedural deviation where Rs. 71.74 crore was utilized from the IPO Monitoring Account for another acquisition without prior board approval, though this amount was reimbursed on October 30, 2026.

- H1 FY27 PAT turned profitable at ₹55 crore versus a ₹57 crore loss in H1 FY26; Q2 PAT reached ₹142 crore on revenue of ₹1,242.26 crore.
- Company sold its ~₹96 crore student loan portfolio to Auxilo Finserve Private Limited as of October 4, 2026, exiting direct lending.
- Board approved Tranche IV acquisition of 12.25% stake in Utkarsh Classes & Edutech Private Limited for INR 2,55,990, increasing holding to 87.75%.
- Monitoring Agency Report noted Rs. 71.74 crore IPO fund utilization deviation without prior board approval, which was reimbursed on October 30, 2026.

- [Physicswallah Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_25642_WebXMLFile_20261105_144236821.xml)
- [Physicswallah Limited has informed the Exchange regarding Newspaper publication of the financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NEAPSPW_05112026143657_Newspaper_finalsd.pdf)
- [PHYSICSWALLAH LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25642_WebXMLFile_20261105_175202228.xml)
- [Physicswallah Limited has informed the exchange regarding approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171411_Intimationsd.pdf)
- [Physicswallah Limited has informed the exchange regarding press release on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171920_Pressreleasesd.pdf)
- [Physicswallah Limited has informed the Exchange about Shareholders Letter on the financial results for the quarter and half year ended September 30, 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026173007_shareholder_letter_intimationSD.pdf)
- [Board s comments on fine levied by National Stock Exchange of India Limited |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026173702_Waiver_Initmationsd.pdf)
- [Physicswallah Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026182722_seintimation.pdf)
- [Monitoring Agency Report for the quarter ended September 30, 2026. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026192421_seintimation__1_.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753086_04112026073829_WEB.xml)

### Fundamentals

Physicswallah (PWL) has transitioned from losses to profitability, driven by strong top-line growth and improving cost discipline. In Q2 FY2026-27, revenue from operations rose sequentially to ₹1,242 crore, while expenses decreased to ₹1,105 crore. This leverage resulted in a Profit Before Tax of ₹209 crore and a Net Profit of ₹144 crore, reversing the Q1 net loss of ₹88.3 crore. On an annual basis, sales grew 51% year-on-year to ₹3,900 crore for FY2026, with operating profit surging to ₹370 crore from ₹73 crore in FY2025.

Financial health shows significant strengthening. Cash from operating activities more than doubled to ₹833 crore in FY2026, and the company raised ₹2,755 crore through financing activities, likely supporting its equity base which expanded to ₹4,689 crore by September 2026. However, earnings quality remains mixed; despite positive operating cash flow, the company reported a net loss of ₹69 crore in the March 2026 quarter, indicating that non-operating items or one-off charges impacted bottom-line consistency. Return on Capital Employed improved sharply to 4% in FY2026 from negative territory previously, signaling better capital efficiency.

The most critical checkpoint is sustaining this margin expansion. With finance costs rising slightly to ₹26 crore in Q2 and depreciation increasing to ₹122 crore annually, management must demonstrate that expense control can be maintained as the asset base grows. Investors should monitor whether operating profits continue to outpace the rise in interest and depreciation charges in subsequent quarters.

- Q2 FY2026-27 Net Profit turned positive at ₹144 crore, reversing Q1's ₹88.3 crore loss, driven by sequential revenue growth to ₹1,242 crore and expense reduction to ₹1,105 crore.
- FY2026 Sales grew 51% YoY to ₹3,900 crore, with Operating Profit jumping to ₹370 crore from ₹73 crore in FY2025, though Net Profit remained negative (-₹24 crore) due to non-operating factors.
- Operating Cash Flow strengthened significantly to ₹833 crore in FY2026, and Equity Attributable to Owners increased to ₹4,689 crore by Sep 2026, reflecting robust capital infusion.
- ROCE improved to 4% in FY2026 from -9% in FY2025, but investors must watch if rising finance costs (₹26 crore in Q2) and depreciation (₹122 crore annually) erode future margins.

### Bull Case

Physicswallah’s Q2 FY27 results demonstrate a significant operational inflection, with consolidated net profit more than doubling to nearly ₹144 crore and revenue rising 18% year-on-year to ₹1,242.26 crore. This profitability swing from the previous quarter’s loss was driven by a 26.4% surge in online revenue and improved cost efficiency, which offset a slowdown in medical entrance coaching. The company is simultaneously executing a disciplined capital strategy, moderating physical centre expansion to 56 new locations in H1 FY27 while focusing on enhancing operating economics at existing sites. Additionally, management has announced a two-year strategic push into southern India through partnerships and new course offerings. While brokerages cite these fundamentals for upside potential, analysts caution that the sharp profit jump may be seasonal, requiring monitoring of sustained margin expansion.

- Q2 FY27 consolidated net profit surged 2x to ~₹143.63 crore, reversing the prior quarter's loss.
- Revenue grew 18% YoY to ₹1,242.26 crore, led by 26.4% growth in online segments.
- Offline expansion moderated to 56 new centres in H1 FY27, prioritizing unit economics over rapid scaling.
- Management outlined a two-year plan to expand presence in southern India via new partnerships.

- [Accumulate Physicswallah; target of Rs 140: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-physicswallah-target-of-rs-140-prabhudas-lilladher-14072454.html)
- [PhysicsWallah Q2 net profit more than doubles to nearly ₹144 crore as revenue rises 18% | Company Business News](https://www.livemint.com/companies/company-results/physicswallah-q2-net-profit-more-than-doubles-to-nearly-rs-144-crore-as-revenue-rises-18-11793893174732.html)
- [PhysicsWallah shares zoom as Q2 profit doubles, Motilal sees 57% upside potential](https://www.thehindubusinessline.com/markets/stock-markets/physicswallah-shares-zoom-as-q2-profit-doubles-motilal-sees-57-upside-potential/article71669361.ece)
- [PhysicsWallah shares jump 10% after Q2 profit more than doubles: Buy, sell or hold? What brokerages say](https://www.livemint.com/market/stock-market-news/physicswallah-shares-jump-10-after-q2-profit-more-than-doubles-buy-sell-or-hold-what-brokerages-say-11793853896099.html)
- [PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%](https://economictimes.indiatimes.com/markets/stocks/earnings/physicswallah-q2-net-profit-doubles-to-rs-144-crore-revenue-rises-18/articleshow/135555710.cms)
- [Physicswallah Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_25642_WebXMLFile_20261105_144236821.xml)
- [Physicswallah Limited has informed the Exchange regarding Newspaper publication of the financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NEAPSPW_05112026143657_Newspaper_finalsd.pdf)
- [PHYSICSWALLAH LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25642_WebXMLFile_20261105_175202228.xml)
- [Physicswallah Limited has informed the exchange regarding approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171411_Intimationsd.pdf)
- [Physicswallah Limited has informed the exchange regarding press release on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171920_Pressreleasesd.pdf)

### Bear Case

Physicswallah (PWL) faces near-term technical headwinds and valuation sensitivity despite strong underlying earnings. The stock is trading at ₹130.01, below the ₹140 'Accumulate' target set by Prabhudas Lilladher and significantly under Motilal Oswal’s ₹200 'Buy' target, reflecting a current market discount. Technical indicators signal caution: the daily Supertrend is bearish with an ADX of 13.24, suggesting weak trend strength, while the monthly Supertrend also remains bearish. The stock has experienced a maximum drawdown of -48.8% from its peak and is currently in a -16.3% drawdown, with high annualized volatility of 52.5%. While Q2 FY27 net profit doubled to nearly ₹144 crore on 18% revenue growth, analysts have cautioned that this sharp profit jump may be seasonal rather than indicative of sustained operational leverage. Additionally, the company has moderated its offline expansion to 56 new locations in H1 FY27, prioritizing economics over rapid scaling, which constrains immediate top-line growth expectations from the physical segment.

- Technical weakness: Daily and monthly Supertrends are bearish; stock trades at ₹130.01, below key brokerage targets of ₹140 (Prabhudas Lilladher) and ₹200 (Motilal Oswal).
- High volatility and drawdown: Annualized volatility stands at 52.5%, with a current drawdown of -16.3% and a historical maximum drawdown of -48.8%.
- Seasonality risk: Analysts note the Q2 FY27 profit doubling to ₹143.63 crore may be seasonal, requiring monitoring for sustainability beyond the September quarter.
- Moderated expansion: Offline growth is capped at 25-30 smaller centres annually, limiting near-term physical footprint contribution compared to prior aggressive plans.

- [Accumulate Physicswallah; target of Rs 140: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-physicswallah-target-of-rs-140-prabhudas-lilladher-14072454.html)
- [PhysicsWallah Q2 net profit more than doubles to nearly ₹144 crore as revenue rises 18% | Company Business News](https://www.livemint.com/companies/company-results/physicswallah-q2-net-profit-more-than-doubles-to-nearly-rs-144-crore-as-revenue-rises-18-11793893174732.html)
- [PhysicsWallah shares zoom as Q2 profit doubles, Motilal sees 57% upside potential](https://www.thehindubusinessline.com/markets/stock-markets/physicswallah-shares-zoom-as-q2-profit-doubles-motilal-sees-57-upside-potential/article71669361.ece)
- [PhysicsWallah shares jump 10% after Q2 profit more than doubles: Buy, sell or hold? What brokerages say](https://www.livemint.com/market/stock-market-news/physicswallah-shares-jump-10-after-q2-profit-more-than-doubles-buy-sell-or-hold-what-brokerages-say-11793853896099.html)
- [PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%](https://economictimes.indiatimes.com/markets/stocks/earnings/physicswallah-q2-net-profit-doubles-to-rs-144-crore-revenue-rises-18/articleshow/135555710.cms)
- [Physicswallah Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_25642_WebXMLFile_20261105_144236821.xml)
- [Physicswallah Limited has informed the Exchange regarding Newspaper publication of the financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NEAPSPW_05112026143657_Newspaper_finalsd.pdf)
- [PHYSICSWALLAH LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25642_WebXMLFile_20261105_175202228.xml)
- [Physicswallah Limited has informed the exchange regarding approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171411_Intimationsd.pdf)
- [Physicswallah Limited has informed the exchange regarding press release on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171920_Pressreleasesd.pdf)

### FAQs

**How did Physicswallah's profitability change in Q2 FY27 compared to the prior year and half?**

For the quarter ended September 30, 2026, consolidated net profit more than doubled to ₹143.63 crore from ₹70 crore a year earlier. Revenue rose 18% year-on-year to ₹1,242.26 crore. For the first half of FY27, the company swung to a profit of ₹55 crore, reversing a ₹57 crore loss in H1 FY26.

**What is the company's strategy for physical centre expansion?**

Physicswallah has moderated its offline growth, opening only 56 new locations in the first half of FY27. The company plans to open just 25-30 smaller centres annually, focusing on improving operating economics at existing sites rather than rapid scaling. Founder Alakh Pandey also announced a two-year push to expand presence in southern India through partnerships.

**What recent corporate actions have been disclosed by the company?**

On November 4, 2026, the board approved unaudited financial results for Q2 and H1 FY27. On November 5, the board approved an incremental acquisition of 12.25% of subsidiary Utkarsh Classes & Edutech Private Limited under an existing agreement, with completion intended within three months. An investor meet was also scheduled for disclosure.

**How are brokerages viewing the stock following the earnings release?**

Motilal Oswal maintained a 'Buy' rating with a target price of ₹200, citing 57% upside potential from expanding margins. Prabhudas Lilladher issued an 'Accumulate' recommendation with a lower target of ₹140. Analysts noted that while the sharp profit jump is positive, it may be seasonal and not necessarily indicative of sustained trends.

**What are the current technical support and resistance levels for the stock?**

As of November 6, 2026, the stock closed at ₹130.01. Immediate resistance is seen at ₹130.29 (high) and ₹132.72. Support levels are located at ₹128.42 (low), ₹127.94, and ₹125.78. The daily trend shows a bearish super-trend direction, while the weekly trend remains bullish.

- [Accumulate Physicswallah; target of Rs 140: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-physicswallah-target-of-rs-140-prabhudas-lilladher-14072454.html)
- [PhysicsWallah Q2 net profit more than doubles to nearly ₹144 crore as revenue rises 18% | Company Business News](https://www.livemint.com/companies/company-results/physicswallah-q2-net-profit-more-than-doubles-to-nearly-rs-144-crore-as-revenue-rises-18-11793893174732.html)
- [PhysicsWallah shares zoom as Q2 profit doubles, Motilal sees 57% upside potential](https://www.thehindubusinessline.com/markets/stock-markets/physicswallah-shares-zoom-as-q2-profit-doubles-motilal-sees-57-upside-potential/article71669361.ece)
- [PhysicsWallah shares jump 10% after Q2 profit more than doubles: Buy, sell or hold? What brokerages say](https://www.livemint.com/market/stock-market-news/physicswallah-shares-jump-10-after-q2-profit-more-than-doubles-buy-sell-or-hold-what-brokerages-say-11793853896099.html)
- [PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%](https://economictimes.indiatimes.com/markets/stocks/earnings/physicswallah-q2-net-profit-doubles-to-rs-144-crore-revenue-rises-18/articleshow/135555710.cms)
- [Physicswallah Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_25642_WebXMLFile_20261105_144236821.xml)
- [Physicswallah Limited has informed the Exchange regarding Newspaper publication of the financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NEAPSPW_05112026143657_Newspaper_finalsd.pdf)
- [PHYSICSWALLAH LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25642_WebXMLFile_20261105_175202228.xml)
- [Physicswallah Limited has informed the exchange regarding approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171411_Intimationsd.pdf)
- [Physicswallah Limited has informed the exchange regarding press release on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171920_Pressreleasesd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹134.33
- Risk regime: Price Risk Requires Attention

### Support levels
- 130.29
- 127.9434375
- 125.785

### Resistance levels
- 132.725
- 135.54500000000002
- 139.30875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.66% |
| return_10 | +8.39% |
| return_1m | -1.40% |
| return_20 | -7.45% |
| return_3m | +3.60% |
| return_5 | +0.79% |
| return_6m | +20.16% |
| return_since_start | -16.25% |
| return_ytd | -1.98% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -48.75% |
| annualized_volatility | +52.53% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Physicswallah Limited Q2 FY2026-27: Revenue up 18% sequentially

Physicswallah Limited’s revenue from operations rose 17.9% quarter on quarter to ₹1,242 crore in Q2 FY2026-27, while profit before tax turned positive at ₹209 crore from a loss of ₹84 crore in Q1. Profit for the period was ₹144 crore. Operating cash flow was positive, but investing outflows exceeded it, while the mix of current financial assets shifted further toward investments and other financial assets.

## Revenue growth and expenses

Revenue from operations increased from ₹1,054 crore in Q1 FY2026-27 and ₹1,051 crore in Q2 FY2025-26, representing year-on-year growth of 18.2%. Revenue also rose for a second consecutive quarter, following ₹919 crore in Q4 FY2025-26.

Total expenses were ₹1,105 crore, down 11.4% from ₹1,247 crore in Q1 FY2026-27 but up 10.6% year on year. The combination of higher revenue and lower sequential expenses accompanied the turnaround in profit before exceptional items and tax, to ₹229 crore from a loss of ₹84 crore in Q1. Employee benefit expense was ₹522 crore, depreciation and amortisation expense ₹113 crore, and finance costs ₹26 crore, up 2.0% sequentially from ₹25.5 crore.

## Profitability and tax

A ₹20 crore exceptional charge brought profit before tax to ₹209 crore, compared with ₹229 crore before exceptional items and tax. Q1 FY2026-27 had no exceptional item. Tax expense was ₹66.9 crore, including current tax of ₹65.9 crore, versus total tax expense of ₹4.0 crore in Q1.

Profit for the period was ₹143.6 crore, compared with a loss of ₹88.3 crore in Q1 FY2026-27. Continuing operations contributed ₹142.2 crore and discontinued operations ₹1.3 crore after tax. Profit attributable to owners of the parent was ₹145.6 crore; non-controlling interests recorded a loss of ₹1.9 crore. Basic earnings per share from continuing operations was ₹0.49, versus a loss of ₹0.27 per share in Q1.

## Cash flow and liquidity

Operating cash flow was ₹827.6 crore in Q2 FY2026-27. Investing cash flow was an outflow of ₹872.5 crore, exceeding operating cash flow by ₹44.9 crore; financing cash flow was an outflow of ₹142.0 crore.

At 30 September 2026, cash and cash equivalents were ₹172.6 crore, down from ₹359.5 crore at 31 March 2026. Bank balances other than cash and cash equivalents declined to ₹454.7 crore from ₹766.7 crore. In contrast, current investments increased to ₹2,788.8 crore from ₹2,229.7 crore, and other current financial assets rose to ₹2,310.4 crore from ₹1,793.5 crore. Total current financial assets increased to ₹5,802.1 crore from ₹5,232.2 crore over the same period.

## Balance sheet

Total assets were ₹8,326.7 crore at 30 September 2026, compared with ₹7,676.8 crore at 31 March 2026. Property, plant and equipment was ₹432.9 crore, down from ₹445.0 crore, while goodwill declined to ₹253.5 crore from ₹273.6 crore.

Equity attributable to owners of the parent increased to ₹4,688.8 crore from ₹4,520.4 crore. Non-controlling interest was ₹20.1 crore, compared with ₹50.4 crore at 31 March. Inventories were ₹124.2 crore and trade receivables ₹74.4 crore at quarter-end.

## Key Takeaway

Q2 FY2026-27 brought a sharp sequential earnings recovery alongside 18% revenue growth, with profit before tax reaching ₹209 crore after a loss in Q1. Operating cash generation was substantial, but investing outflows were larger; at the same time, cash and bank balances fell even as current financial assets increased. The earnings rebound and the changing composition of liquidity are the quarter’s key investor considerations.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +71.27%
- FII holding: +3.48%
- DII holding: +13.12%
- Mutual fund holding: +5.64%
- Retail holding: +1.90%
- Promoter pledged: +0.00%

### Major reported shareholders

- Alakh Pandey — +35.64%
- Prateek Boob — +35.64%
- Westbridge AIF I — +5.37%
- Hornbill Capital Partner Limited — +3.97%
- GSV Ventures Fund Iii, L.P. — +2.56%
- Lightspeed Opportunity Fund Ii L P — +1.61%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +1.26%

## Official filings

- 2026-11-05 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_25642_WebXMLFile_20261105_144236821.xml)
- 2026-11-05 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_05112026143657_Newspaper_finalsd.pdf)
- 2026-11-05 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25642_WebXMLFile_20261105_175202228.xml)
- 2026-11-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171411_Intimationsd.pdf)
- 2026-11-04 — Press Release: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026171920_Pressreleasesd.pdf)
- 2026-11-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026173007_shareholder_letter_intimationSD.pdf)
- 2026-11-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026173702_Waiver_Initmationsd.pdf)
- 2026-11-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026182722_seintimation.pdf)
- 2026-11-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026192421_seintimation__1_.pdf)
- 2026-11-04 — Financial Results Filing: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753086_04112026073829_WEB.xml)
- 2026-11-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04112026200716_Intimation_AV.pdf)
- 2026-11-04 — Financial Results Filing: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753228_04112026092240_WEB.xml)
- 2026-11-03 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_25642_WebXMLFile_20261103_142901853.xml)
- 2026-11-02 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_02112026200807_Intimation.pdf)
- 2026-10-30 — Board Meeting Notice: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_30102026140811_Board_Meeting_Intimation_PW_.pdf)
- 2026-10-30 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_30102026141843_intimation.pdf)
- 2026-10-30 — Board Meeting Notice: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_25642_WebXMLFile_20261030_144304376.xml)
- 2026-10-30 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_25642_WebXMLFile_20261030_144304376.xml)
- 2026-10-30 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_25642_WebXMLFile_20261030_144907211.xml)
- 2026-10-13 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_13102026155245_intimation.pdf)
- 2026-10-07 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_07102026165422_Intimation.pdf)
- 2026-10-07 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_25642_WebXMLFile_20261007_170957137.xml)
- 2026-10-05 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_25642_WebXMLFile_20261005_164045655.xml)
- 2026-10-04 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_04102026214631_Intimation__sale_of_FinZ_fintech_Final.pdf)
- 2026-10-01 — Generic Announcement: Physicswallah Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NEAPSPW_01102026192228_Intimation.pdf)

## News and market events

- 2026-11-06 — MONEYCONTROL: **Accumulate Physicswallah; target of Rs 140: Prabhudas Lilladher** — Prabhudas Lilladher has issued an 'Accumulate' recommendation for Physicswallah, setting a price target of Rs 140. The note appears in the context of stock market coverage on Moneycontrol. — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-physicswallah-target-of-rs-140-prabhudas-lilladher-14072454.html)
- 2026-11-05 — Mint: **PhysicsWallah Q2 net profit more than doubles to nearly ₹144 crore as revenue rises 18% | Company Business News** — PhysicsWallah reported a more than twofold increase in consolidated net profit to nearly ₹144 crore for the September quarter, driven by an 18% rise in revenue to ₹1,242.26 crore and higher NEET enrolments. The company is adopting a calibrated approach to offline expansion, planning to open only 25-30 smaller centres annually while focusing on improving the economics of existing locations. Additionally, founder Alakh Pandey announced plans to spend two years expanding the company's presence in southern India through new partnerships and course offerings. — [Source](https://www.livemint.com/companies/company-results/physicswallah-q2-net-profit-more-than-doubles-to-nearly-rs-144-crore-as-revenue-rises-18-11793893174732.html)
- 2026-11-05 — The Hindu: **PhysicsWallah shares zoom as Q2 profit doubles, Motilal sees 57% upside potential** — PhysicsWallah shares rose after the edtech company reported that its consolidated net profit more than doubled to ₹143.63 crore in Q2, driven by 26.4% year-on-year growth in online revenue and a 9% increase in offline revenue. Motilal Oswal reiterated a 'buy' rating with a target price of ₹200, citing an expected 57% upside potential supported by expanding margins and operating leverage, while PL Capital maintained an 'accumulate' rating with a lower target of ₹140. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/physicswallah-shares-zoom-as-q2-profit-doubles-motilal-sees-57-upside-potential/article71669361.ece)
- 2026-11-05 — Mint: **PhysicsWallah shares jump 10% after Q2 profit more than doubles: Buy, sell or hold? What brokerages say** — PhysicsWallah shares rose 10% after the edtech firm reported a more than twofold increase in Q2 FY27 net profit to ₹143.63 crore, driven by an 18% revenue growth to ₹1,242.26 crore and strong demand in its online business. The company moderated its physical centre expansion to 56 new locations in the first half of FY27, citing a strategic focus on improving operating economics at existing sites rather than rapid scaling. While Motilal Oswal maintained a Buy rating with a ₹200 target price based on sum-of-the-parts valuation, analysts cautioned that the sharp profit jump may be seasonal and not — [Source](https://www.livemint.com/market/stock-market-news/physicswallah-shares-jump-10-after-q2-profit-more-than-doubles-buy-sell-or-hold-what-brokerages-say-11793853896099.html)
- 2026-11-05 — Economic Times: **PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%** — Edtech company PhysicsWallah reported a more than twofold increase in consolidated net profit to ₹143.63 crore for the September quarter, driven by stronger online enrolments and improved cost efficiency that offset a slowdown in medical entrance examination coaching. Revenue from operations rose 18% year-on-year to ₹1,242.26 crore, while the company swung to profitability from a loss in the previous June quarter. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/physicswallah-q2-net-profit-doubles-to-rs-144-crore-revenue-rises-18/articleshow/135555710.cms)
- 2026-11-04 — Economic Times: **Lenskart, Nykaa, PhysicsWallah see Q2 profits surge** — New-age companies Lenskart, Nykaa, and PhysicsWallah reported strong financial results for the September quarter, with Lenskart’s net profit more than doubling to Rs 232 crore, Nykaa’s tripling to Rs 101.19 crore, and PhysicsWallah’s doubling to Rs 143.63 crore. In other developments, ShareChat operator Mohalla Tech saw revenue rise 40% but widen its net loss to Rs 1,978 crore, while the government considers a 2% transaction levy on aggregators to fund social security for gig workers. — [Source](https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/nykaa-lenskart-physicswallah-see-q2-profits-surge/articleshow/135540651.cms)
- 2026-11-04 — CNBC-TV18: **Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more** — Multiple companies including Dabur, Nykaa, Torrent Power, Apollo Hospitals, and BSE reported their Q2 results on November 4, with most posting double-digit profit growth. While entities like Apollo Tyres and RITES saw earnings declines or margin contractions, others such as PhysicsWallah and Chalet Hotels demonstrated significant improvements in profitability metrics despite varying revenue trends. — [Source](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- 2026-10-28 — Economic Times: **Smallcap stocks rally up to 21% in 2 days: Should you chase the rush or book profits?** — In the last two trading sessions, smallcap stocks have experienced an impressive resurgence, with certain stocks posting significant gains. As investors weigh their options, they face the decision of whether to capitalize on this upswing or secure profits amidst growing caution. Technical analysts identify critical resistance levels, foreseeing possible pullbacks. They recommend partial profit-taking at these points while also highlighting several stocks with promising recovery signs for potenti... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/smallcap-stocks-rally-up-to-21-in-2-days-should-you-chase-the-rush-or-book-profits/articleshow/135253660.cms)
- 2026-10-07 — CNBC-TV18: **PhysicsWallah shares get an anti-consensus 'reduce' recommendation from Kotak; here's why** — Kotak said PhysicsWallah is a leading test preparation and coaching services provider for students in India. The company had a 22% share of the 2.9 million JEE aspirants and a 25% share of the 4.1 million NEET aspirants in FY26. — [Source](https://www.cnbctv18.com/market/physicswallah-share-price-gets-an-anti-consensus-reduce-recommendation-from-kotak-target-here-is-why-20006308.htm)
- 2026-10-05 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty PSU Bank index rises; BoI, PNB top gainers** — Sensex Today | Stock Market LIVE Updates: The markets are looking to turn the turn the tide around, as Niftty rises with gains over 110 points, rising to 22,550. The Nifty Bank is surging with gains over 650 points, rising above 55,000. Bajaj Finance, Shriram Finance and ITC are the biggest gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-banks-q2-hdfc-yes-canara-au-sfb-bajaj-fin-dmart-it-stocks-tcs-infosys-share-price-liveblog-20004247.htm)
- 2026-09-25 — SCROLL.IN: **A new book shows how the country’s start-ups identified uniquely Indian demands and fulfilled them** — An excerpt from ‘A Billion Bets: The Making of India’s Startup Ecosystem’, by Aviral Bhatnagar. — [Source](https://scroll.in/article/1095561/a-new-book-shows-how-the-countrys-start-ups-identified-uniquely-indian-demands-and-fulfilled-them)
- 2026-09-23 — Economic Times: **PhysicsWallah's Alakh Pandey to move base to South India for business expansion - The Economic Times** — Taking the first step in this direction, PhysicsWallah (PW) has signed a five-year partnership with Mohan Babu University (MBU) through which it will provide online AI, skilling and career-focused courses to nearly 18,000 students of the university. — [Source](https://economictimes.indiatimes.com/tech/startups/physicswallahs-alakh-pandey-to-move-base-to-south-india-for-business-expansion/articleshow/134442259.cms)
- 2026-09-21 — Economic Times: **Nifty outlook: Can the index defend the crucial 23,000 level?** — The Nifty index has extended its losing streak, testing key support levels. Recent recovery indicates demand, but the broader trend remains under pressure. Experts suggest specific options strategies and stock picks for the week. Several stocks like Sona Com, Auro Pharma, and PhysicsWallah are recommended for buying. Trading strategies focus on potential bounces and retracements in the market. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/nifty-hovers-near-23000-floor-as-analysts-predict-uncertain-market-trends-ahead/articleshow/134377996.cms)
- 2026-09-21 — BUSINESS: **Nifty strategy; Tilaknagar, Physicswallah among 3 stock picks by Angel One** — Hitesh Rathi of Angel One advocates adopting a strategy where dips in Nifty could be bought into, while rallies towards key resistance zones can be utilised to consider short positions. — [Source](https://www.business-standard.com/markets/news/nifty-strategy-tilaknagar-physicswallah-among-3-stock-picks-by-angel-one-126092100068_1.html)
- 2026-09-21 — MONEYCONTROL: **Trade Spotlight: How should you trade UNO Minda, Tilaknagar Industries, ASK Automotive, Alembic Pharma, Bajaj Housing, and others on September 21?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Tilaknagar Industries,UNO Minda,Physicswallah,ASK Automotive,Alembic Pharmaceuticals,Bajaj Housing Finance, — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-uno-minda-tilaknagar-industries-ask-automotive-alembic-pharma-bajaj-housing-and-others-on-september-21-14034075.html)
- 2026-09-09 — Mint: **upGrad bets on corporate upskilling, advisory ahead of 2027 listing | Company Business News** — Temasek-backed upGrad is entering B2B advisory services, offering corporate upskilling as it broadens its portfolio ahead of a planned 2027 listing. The move follows its $245 million Unacademy acquisition and builds on upGrad Enterprise, which is growing at 40% annually. — [Source](https://www.livemint.com/companies/upgrad-bets-on-corporate-upskilling-advisory-ahead-of-2027-listing-11788855169092.html)
- 2026-09-07 — BUSINESSTODAY: **Adani Power, Samman, IMFA, UBL, Emcure among stocks with fresh brokerage interest for upto 140% rise** — Adani Power target price, Physicswallah target price, SEAMEC target price, UBL target price, Emcure Pharma target price, Cera Sanitary target price, Kissht target price, IMFA target price, Leela Hotels target price, Apollo Micro target price, Sammaan Capital target price, Adani Power, Physicswallah, SEAMEC, United Breweries, Emcure Pharmaceuticals, Cera Sanitaryware, OnEMI Technology Solutions, Indian Metals & Ferro Alloys, Leela Palaces Hotels & Resorts, Apollo Micro Systems, Sammaan Capital, Adani Power target price, Physicswallah target price, SEAMEC target price, UBL target price, Emcure Pharma target price, Cera Sanitary target price, Kissht target price, IMFA target price, Leela Hotels target price, Apollo Micro target price, Sammaan Capital target price, Motilal Oswal, Choice Institutional Equities, ICICIDirect Research, JM Financial, 360 One Capital, Antique Stock Broking, Systematix Institutional Equities, Ventura — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-samman-imfa-ubl-emcure-among-stocks-with-fresh-brokerage-interest-for-upto-140-rise-553571-2026-09-07)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-09-04 — CNBC-TV18: **Sensex rises 363 points, Nifty gains 24 points: 3 reasons why stocks ended mixed** — Broader markets underperformed, with the Nifty Midcap index falling 156 points to 63,079, while several stocks moved sharply on company-specific developments. — [Source](https://www.cnbctv18.com/market/sensex-rises-363-points-nifty-gains-24-points-3-reasons-why-stocks-ended-mixed-19984343.htm)
- 2026-09-04 — BUSINESS: **Physicswallah shares rise nearly 7% post block deal, MOFSL's bullish view** — MOFSL noted that Physicswallah is among India's largest education platforms, built on what the brokerage believes is one of the most capital-efficient business models in Indian EdTech. — [Source](https://www.business-standard.com/markets/news/physicswallah-shares-rise-nearly-7-post-block-deal-mofsl-s-bullish-view-126090400434_1.html)
- 2026-09-04 — CNBC-TV18: **Motilal Oswal bets on PhysicsWallah, sees UltraTech's cables entry pressuring Polycab, KEI** — Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, shared his views on BSE, United Breweries, Blinkit versus Swiggy, and why corrections in select cable stocks could offer buying opportunities. Which sectors and stocks are its top high-conviction bets now? Watch the full video. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions. — [Source](https://www.cnbctv18.com/videos/market/motilal-oswal-physicswallah-ultratech-cables-polycab-kei-bse-blinkit-swiggy-stock-market-analysts-19984063.htm)
- 2026-09-04 — Economic Times: **Physicswallah Share Price Today, Physicswallah Stock Price Live NSE/BSE Updates | The Economic Times** — Physicswallah Share Price Today - Get live NSE/BSE quotes of Physicswallah with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/physicswallah-ltd/stocks/companyid-2282824.cms)
- 2026-09-04 — MONEYCONTROL: **Buy Physicswallah; target of Rs 200: Motilal Oswal** — Motilal Oswal, Physicswallah, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-physicswallah-target-of-rs-200-motilal-oswal-14022540.html)
- 2026-08-28 — CNBC-TV18: **Tejas Networks, Tata Teleservices rally while BBTC slumps post previous day surge** — Some Nifty 500 stocks rallied on order wins and block deal activity, while others slid on large stake sales and profit booking — here's a look at today's top gainers and losers at market open. — [Source](https://www.cnbctv18.com/market/nifty-500-top-gainers-losers-market-open-tejas-networks-tata-teleservices-ather-energy-share-price-19978788.htm)
- 2026-08-27 — LIVELAW.IN: **Dark Patterns And Data Protection: What PhysicsWallah Order Reveals About India's Digital Regulatory Gap** — On June 1, 2026, the Central Consumer Protection Authority (CCPA) penalised PhysicsWallah Limited with ₹5 lakh for deployment of dark patterns on its platform. The order narrates that PhysicsWallah... — [Source](https://www.livelaw.in/articles/dark-patterns-data-protection-physicswallah-order-reveals-india-digital-regulatory-gap-547500)

## Business profile

**Strategic vision:** Provides learning solutions for students in India.

### Business segments
- **EdTech Services:** Offers guidance and education for various academic levels and competitive examinations through live and planned lessons, study materials, and tests.

### Competitive strengths
- Offers high-quality, reasonably priced education.
- Extensive reach through multiple digital channels and regional language content.

## Related stocks

- [Affle 3i Limited (IT)](https://faxioms.com/stocks/affle) — -2.11%
- [Apar Industries Limited (IT)](https://faxioms.com/stocks/aparinds) — -9.43%
- [Data Patterns (India) Limited (IT)](https://faxioms.com/stocks/datapattns) — -4.85%
- [Endurance Technologies Limited (IT)](https://faxioms.com/stocks/endurance) — -0.76%
- [Firstsource Solutions Limited (IT)](https://faxioms.com/stocks/fsl) — +0.99%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/pwl
Markdown representation: https://faxioms.com/stocks/pwl?render=md