In a choppy week for newly listed companies, edtech unicorn PhysicsWallah (PW) witnessed a sharp correction during its third trading session, slipping 16% to close at INR 121. The decline comes after the stock saw strong opening-day enthusiasm but quickly entered a phase of heavy profit-booking.
The downturn has drawn attention across the startup and stock market ecosystem, as investors attempt to gauge the long-term feasibility of edtech businesses transitioning from high-growth private entities to publicly traded companies.
A Volatile Start Following A Hyped Listing
PW’s debut earlier this week was marked by significant retail investor interest, driven by its status as one of India’s mo
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