India's Physicswallah shares rise as Motilal Oswal initiates coverage with 'buy' rating
BUZZ-India's Physicswallah shares rise as Motilal Oswal initiates coverage with 'buy' rating ** Shares of edtech firm Physicswallah PHYS.NS up at 3.8% at 125.15 rupees--highest level in over a week
** Brokerage firm Motilal Oswal Financial Services initiates coverage with "buy", sets Street-high target price of 200 rupees
** Believes co is "one of the most capital-efficient" business models in Indian edtech
** PHYS's free-to-paid funnel through YouTube enables student acquisition at lower costs and monetisation across online, hybrid, and offline offerings--Motilal Oswal
** Brokerage believes India's online education market is significantly underpenetrated with low digital adoption in new segments providing long runway
** Six out of the seven analysts rate the stock "buy" or higher; median PT of 140 rupees -- according to LSEG data
** Stock's F12M PE at 72.95 vs industry median of 42.35--LSEG-compiled data
** YTD, shares down 7.1%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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