India's Physicswallah rises after narrower quarterly loss
BUZZ-India's Physicswallah rises after narrower quarterly loss ** Shares of India's Physicswallah PHYS.NS jump 4.04% to 116.51 rupees
** Co's fourth quarter net loss narrowed about 75% y/y to 748.9 million rupees ($7.84 million)while revenue rose ~51% year-on-year
** HSBC ("buy", TP: 135 rupees) says revenue growth was driven by rapid offline expansion and rising premiumisation in online business, with offline centre revenue also surging
** Brokerage expects strong growth to continue, citing robust student enrollments, higher collections, and sustained demand for premium courses
** PHYS rated "Buy" on average by 6 analysts, median PT at 133 rupees - data compiled by LSEG
** YTD stock down 15.68%
($1 = 95.5750 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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