PhysicsWallah shares extend losses below IPO price after 45% fall from post-listing high
Published on 26/02/2026 01:35 PM
PhysicsWallah shares extend losses below IPO price after 45% fall from post-listing highAs of 1:20 pm IST, over 70 lakh shares had changed hands. The sell-off has pulled the company's market capitalisation down to ₹25,451 crore, sharply below its listing valuation of nearly ₹45,975 crore on November 18, 2025.By Meghna Sen February 26, 2026, 1:35:06 PM IST (Published)2 Min ReadShares of edtech platform PhysicsWallah Ltd. were trading 3% lower on Thursday, February 26, marking declines in three of the last four sessions.
As of 1:20 pm IST, over 70 lakh shares had changed hands. The sell-off has pulled the company's market capitalisation down to ₹25,451 crore, sharply below its listing valuation of nearly ₹45,975 crore on November 18, 2025.
With the latest decline, the stock is now trading below all key short-term moving averages, including the 5-day, 10-day, 20-day and 30-day averages.
On technical charts, the stock is in oversold territory, with the Relative Strength Index at 27.4. An RSI reading below 30 typically signals oversold conditions.
Earlier, co-founder and whole-time director Prateek Maheshwari had told CNBC-TV18 that the company aims to turn profitable within the next 12 months.
Post listing, the company outlined plans to accelerate expansion with a sharper focus on southern India, deepen its presence across 11 Indic languages and expand into additional exam categories.
Maheshwari had said around 52% of revenue currently comes from the online segment, with the remainder contributed by offline centres. He expects this mix to remain broadly stable as both segments continue to grow at a healthy pace.
Revenue rose over 40% in FY24-25, and the company is guiding for growth of over 30% in the coming years, with no immediate plans for inorganic expansion.
Founded in 2016 by Alakh Pandey, who began by uploading free physics lessons on YouTube, PhysicsWallah rose to prominence during the pandemic.
The company currently operates 303 offline centres across 152 cities in India and the Middle East.
The stock had made a strong market debut, delivering listing gains of 36% after listing at ₹145 on the NSE and ₹143.10 on the BSE, compared with an issue price of ₹109.
On February 12, the company's three-month shareholder lock-in period ended, freeing up 71.7 million shares, or 3% of its outstanding equity, for trading.
Only two analysts currently track the stock, with one rating it a 'Buy' and the other a 'Sell'.
Shares were last trading 3.05% lower at ₹89.05, well below the IPO price of ₹109 per share.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Tagsshare market today