PHYSICSWALLAH LISTING
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
The recovery followed a disruption to the admission cycle after the NEET UG (National Eligibility cum Entrance Test - Undergraduate) results were delayed till July 16. Although online enrolments for the medical entrance examination grew over 30% in the September quarter, the company said admissions and collections for the full admission cycle remained below last year.
AMFI reshuffle: Jio Platforms and NSE may get largecap status, Vedanta may become midcap in H1 CY27
Nuvama expects Jio Platforms and NSE to enter AMFI's largecap category in its H1 CY27 reshuffle, while Vedanta may move to midcap status. The proposed changes also include upgrades and downgrades across midcap and smallcap stocks, with revised market-cap thresholds estimated at Rs 1.12 lakh crore and Rs 36,700 crore.
Lenskart, Nykaa, PhysicsWallah see Q2 profits surge
New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.
Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks
Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities recovered sharply from Friday’s lows as easing oil prices and bond yields lifted sentiment. Sensex and Nifty closed lower, while weak breadth, foreign outflows and geopolitical risks kept bears in control despite selective buying and resilient domestic fundamentals.
BSE IPO index surges 35% in five months of FY27, hits record high on strong listings
The BSE IPO index reached an all-time high, surging 35% in five months. Its SME counterpart also jumped 55%, marking a strong performance for recent listings. These gains significantly outpaced the broader market indices like Sensex and Nifty. However, the rally was concentrated, with a few stocks driving most of the gains. Retail and HNI investors are favoring fresh growth stories over established large-cap companies.
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IFCI shares rally 6% as NSE IPO buzz lifts sentiment; stock gains 35% in a month
IFCI Share Price: IFCI shares surged over 6% as optimism around the long-awaited NSE IPO boosted investor interest in the state-owned financial services company, which indirectly holds more than 4% of NSE through SHCIL. The stock has rallied nearly 35% in a month, while NSE’s potential IPO valuation and regulatory risks remain key factors for investors.

Tech layoffs continue; ITC Infotech-Happiest Minds to merge
Happy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning Dispatch.

WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exit
WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimming its stake in the current quarter, people aware of the matter told ET.

Block deals test valuations; gig platforms quit welfare board
Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.

Startup block-deal rush puts private valuations to the cash test
A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho have made standout returns, while late-stage investments have delivered mixed outcomes. As IPO lock-ins expire, public-market price discovery is showing which private valuations hold up and how investors are cashing out.

Zerodha’s growth stalls; IT’s new deal model
Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.

Physicswallah shares jump 5% after block deal worth Rs 550 crore. What’s ahead after 63% rally in 6 months?
PhysicsWallah shares surged around 5% after nearly 4.67 crore shares worth about Rs 550 crore changed hands in a block deal at Rs 117.72 apiece. The stock has recovered sharply from its March low, while improving Q1 FY27 financials and a Buy rating from JM Financial point to a more positive outlook.

Physicswallah shares rally 18%, snap 5-day losing streak. What's behind the surge?
PhysicsWallah shares rose sharply on Thursday, adding nearly Rs 5,000 crore in market value after the company reversed its lending strategy and partnered with regulated NBFCs for student loans. The move, aimed at reducing balance sheet and credit risks, helped the stock snap a five-session losing streak.

PhysicsWallah dials down schools push after investor unease
PhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operations. This pivot aims to reassure investors by focusing on school partnerships and online platforms, while limiting K-12 revenue contribution to less than 1%.

PhysicsWallah posts 50% rise in Q4 revenue; swings to a Rs 69 crore loss
Noida-based PhysicsWallah saw operating revenues climb 50% year-on-year to Rs 919 crore for the quarter ending March 31, 2026. Despite this growth, the company reported a net loss. Full-year revenues increased 35% to Rs 3,899 crore, with losses narrowing significantly. Online and offline enrolments showed strong gains. The company continues investing in AI initiatives.

PhysicsWallah to infuse Rs 120 crore in its fintech arm FinZ Finance
The company will subscribe to 26.7 million fully paid-up equity shares with a face value of Rs 10 each and a premium of Rs 35 per share, PhysicsWallah said in a stock exchange filing. The investment was approved by the company’s audit committee on Wednesday.

Physicswallah shares fall 5% as IPO lock-in expiry frees up Rs 2,949 crore worth of shares. Do you own?
Physicswallah shares experienced a nearly 5% drop on Monday morning as a significant portion of the company's equity became tradable post-lock-in expiry. This event follows a volatile trading history since its market debut, with the stock still trading below its listing price despite recent recovery.

PhysicsWallah is the ‘good boy’ in a tough neighbourhood: Cofounder Prateek Maheshwari
PhysicsWallah’s founders celebrated the company’s strong market debut and its rise from a small Allahabad room to a prominent publicly listed edtech firm. They stressed that the IPO is only a minor milestone, reaffirming their mission to deliver affordable education nationwide and bring forward talent from every corner of the country.

PhysicsWallah’s growth prospects justify IPO valuation despite rising losses: Analysts
PhysicsWallah's stock surged on its market debut, surprising many after a subdued initial public offering. The edtech firm's valuation is under scrutiny due to increasing losses. Despite this, the company is in a hyper-growth phase. Analysts are divided on its valuation, but agree on its growth potential in the edtech sector.

PhysicsWallah shares soar 13% in debut trade after solid listing pop. Should you buy, sell or hold?
PhysicsWallah shares jumped up to 13% in their market debut after listing at a strong premium over the IPO price, sparking immediate interest among investors. While the edtech firm posted robust revenue growth and returned to profit, analysts remain divided, urging investors to balance optimism with caution amid competitive and regulatory risks.

PhysicsWallah IPO: Important numbers to know before the listing
PhysicsWallah, soon to become India’s first publicly listed edtech firm after the sector’s shake-up, saw a slow start to its IPO before institutions lifted demand on the final day. Subscription was mixed, the grey market cooled, and anchor investors played a major role. Here are all the numbers you need to know before the listing.

PhysicsWallah shares make a strong D-St debut, list at 33% premium over IPO price
PhysicsWallah share price: PhysicsWallah shares debuted with a significant premium on Tuesday, listing at 33% on the NSE and 31% on the BSE. The Rs 3,481 crore IPO saw strong QIB subscription, though NII participation was weak. The company aims to expand its hybrid model with IPO proceeds funding offline centers, marketing, and acquisitions.

PhysicsWallah shares set to list on bourses, GMP hints at 9% listing pop. What to expect?
PhysicsWallah shares will list on the BSE and NSE on November 18, with the Rs 3,480 cr IPO, one of the largest ever from India’s edtech sector, drawing tepid overall subscription of 1.92 times but a late uptick in grey market sentiment.

PhysicsWallah IPO final day: Weak GMP, tepid subscription. Should you consider bidding?
PhysicsWallah’s Rs 3,480 crore IPO entered its final day with weak demand and a subdued grey market premium of just 1.25%. The issue was subscribed only 16% by Day 2 so far, led by retail interest. Analysts remain divided on valuations and growth prospects despite the edtech firm’s profitability and expanding hybrid learning footprint.

PhysicsWallah IPO Day 2: Check GMP movement, subscription update, analyst insights and key highlights
PhysicsWallah’s IPO grey market premium fell to 1.83%, down from 2.75%, over its issue price of ₹109 per share. The IPO remains open for subscription until November 13, with the stock slated to list on the NSE and BSE on November 18.

PhysicsWallah IPO Day 1: Subscription status, GMP trend, Analyst views, and key details
Edtech firm PhysicsWallah’s Rs 3,480 crore IPO opened with 5% subscription on Day 1 and a 2.75% grey market premium. Analysts gave mixed ratings amid strong growth but stretched valuations.

PhysicsWallah’s Rs 3,480 crore IPO opens: here's all you need to know
PhysicsWallah has opened its IPO for subscription, and is set to become India’s first edtech firm to go public after Byju’s collapse. Priced at Rs 103–109 per share, the issue closes on November 13. The shares are expected to list on the NSE and BSE on November 18.

PhysicsWallah IPO opens for bidding: Check GMP, brokerages review, subscription and other details
PhysicsWallah Ltd's Rs 3,480 crore IPO opens for subscription on Tuesday. The edtech major aims to raise funds for expanding its learning centres and infrastructure. The issue is priced between Rs 103–109 per share. Shares are expected to list on November 18. Market sentiment for new-age tech listings is mixed. The company has shown strong growth and a profitable model.
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