Alakh Pandey-led Physicswallah shares up 40% in 6 months; Motilal Oswal sees further upside - Reason, target price
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Shares of Alakh Pandey-led Physicswallah rose more than 40% over the last six months.
- ✓Motilal Oswal Financial Services sees further upside, setting a target price of ₹200.
- ✓The firm said, "We reiterate our 'buy' rating on the stock." The stock climbed over 1% in intraday trade on Thursday, 8 October.
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- MARKET
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- India Economy
Shares of Alakh Pandey-led Physicswallah have been on a solid uptrend lately, rising more than 40% over the last six months, and it may have more steam left, according to brokerage firm Motilal Oswal Financial Services.
Physicswallah's share price has jumped 41% year-to-date compared with an 8% decline in the equity benchmark Sensex. On a monthly scale, it is up 13% so far in October after a 6% rise in September.
Shares hit their 52-week low of ₹77.75 on 4 March this year after rising to a 52-week high of ₹162.05 on 18 November last year.
On Thursday, 8 October, the stock climbed over 1% in intraday trade, looking set to extend gains for the fourth consecutive session.
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