PhysicsWallah Shares Jump 6% On Motilal Oswal Buy Rating

4 Sept 2026, 11:34 am · 8d ago · 1 min read · Inc42

Shares of edtech major PhysicsWallah climbed up to 6% to reach an intraday high of ₹127.80 on the BSE after brokerage firm Motilal Oswal initiated coverage with a ‘Buy’ rating and a ₹200 target price. The company’s market capitalisation reached ₹36,768.7 crore ($3.8 billion). Motilal Oswal highlighted PhysicsWallah's YouTube community of over 100 million subscribers and 74% revenue CAGR between FY23 and FY26. The brokerage projects online revenue to grow at a 28% CAGR between FY26 and FY30, with pre-Ind AS EBITDA margins expanding to 30% by FY28, driven by offline expansion and monetization.