PhysicsWallah shares extend losses for third straight session

Shares of edtech firm PhysicsWallah continued to trade in the red on Friday, marking the third consecutive session of losses since its market debut. Analysts said traders should adopt a cautious investment strategy as the newly listed stock remains highly volatile.

The stock saw sharp swings during the day. It initially surged more than 5 per cent to Rs 149.59 apiece but later erased all gains and slipped over 2 per cent to Rs 139.07 apiece by 1:46 pm.

The company’s market capitalisation currently stands at Rs 40,490 crore. The fall follows a steep selloff that began soon after listing.