PhysicsWallah Shares Jump 6% As Motilal Oswal Sets ₹200 Target

Shares of edtech major PhysicsWallah jumped as much as 6% to touch an intraday high of ₹127.80 apiece on the BSE today after brokerage firm Motilal Oswal initiated coverage on the company with a ‘Buy’ rating and a target price of ₹200. The stock later pared some of its gains and was trading 5.3% higher at ₹127 apiece at 11:00 IST. The company’s market capitalisation stood at ₹36,768.7 Cr ($3.8 Bn) at the time.