PhysicsWallah Shares Plunge 8%, Nearing IPO Price Amidst Market Sell-off
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CNBC TV18•20-01-2026, 11:29
PhysicsWallah Shares Plunge 8%, Nearing IPO Price Amidst Market Sell-off
- •PhysicsWallah shares dropped nearly 8% on January 20, extending losses for a third consecutive session, with a 14% decline over three trading days.
- •The company's market capitalization fell to ₹32,257 crore, significantly lower than its listing valuation of ₹45,975 crore on November 18, 2025.
- •The stock is trading below all key short-term moving averages and is approaching oversold levels with an RSI of 31.7.
- •Co-founder Prateek Maheshwari stated the company aims for profitability within 12 months and plans expansion in southern India, 11 Indic languages, and multiple exam categories.
- •PhysicsWallah, founded by Alakh Pandey, debuted strongly with 36% listing gains but is now trading at ₹112.78, close to its IPO price of ₹109.
Why It Matters: PhysicsWallah shares are significantly down, nearing their IPO price, despite strong growth and expansion plans.
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