India's Physicswallah jumps on narrowed quarterly loss

Physicswallah

17/08/2026 06:09

** Shares of India's Physicswallah PHYS.NS rise as much as 9.6% to 128.37 rupees, biggest intraday pct rise since July 7
** Stock set to snap 5-session streak of losses, if gains hold
** Edtech co on Friday reported narrower first-quarter loss of 775.7 mln rupees vs 1.2 bln rupees last year; rev from ops up 24.4% y/y
** JPMorgan upgrades stock to "overweight" (PT 148 rupees) due to better-than-expected operational performance in Q1
** Adds, Q1 collections negatively impacted by NEET exam delay, but enrollments for NEET have risen 82% since July
** JM Financial upgrades stock to "buy" (PT 140 rupees), says underlying business fundamentals intact
** Stock on avg rated "buy" by 7 analysts; median PT is 134 rupees - LSEG-compiled data
** Stock last up 4.7%; YTD, down 7.7%
     

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))