Physicswallah shares jump 5% after block deal worth Rs 550 crore. What’s ahead after 63% rally in 6 months?

The stock sharply surged to Rs 126.98 apiece after the block deal.This comes after Physicswallah shares sharply recovered around 63% in less than six months since hitting a record low of Rs 77.72 apiece in March this year.

The buyers and sellers in Physicswallah’s block deal could not be ascertained.Physicswallah share pricePhysicswallah shares had made a strong market debut in November last year, listing at a 33% premium over IPO price at Rs 145 apiece on NSE.

The stock then gained around 12% to hit a record high of Rs 161.99 apiece in the same month, before beginning to sharply decline.The stock tumbled over 52% in less than four months to hit a record low of Rs 77.72 apiece in March this year.

The shares of the edtech platform have, however, recovered 63% since then.Also read | Physicswallah is ‘class’ apart, says DAM Capital after initiating with Buy rating. 3 reasons whyWhat lies ahead for Physicswallah shares?Physicswallah reported improved financial performance for the first quarter of FY27 earlier this month.

Its consolidated net loss narrowed to Rs 88.3 crore in Q1FY27, compared with a loss of Rs 127 crore in the same period last year.