Rs 8,600 crore wipeout! PhysicsWallah shares crash 19% from day 1 peak

PhysicsWallahs early rally has unwound quickly, with the stock extending losses for a second straight session and its market value dropping from nearly Rs 46,300 crore on listing day to below Rs 37,700 crore. Analysts say the companys strong brand and hybrid learning model support its long-term outlook but warn that competition, regulatory risks and profitability pressures could drive further volatility.