Axis Capital initiates coverage on PhysicsWallah with Add rating, targets Rs 138

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Axis Capital has initiated coverage on PhysicsWallah (PW) with an Add rating and a price target of Rs 138. An Add rating typically indicates an expectation that the stock will deliver returns in line with or better than the broader market over the medium to long term.

In its initiation note, the brokerage said the rising demand for entry into top educational institutes and government jobs, coupled with limited seats, continues to support long-term growth for test-prep players like PhysicsWallah. The firm said this demand trend validates PW’s focus…



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Axis Capital initiates coverage on PhysicsWallah with Add rating, targets Rs 138


Axis Capital has initiated coverage on PhysicsWallah (PW) with an Add rating and a price target of Rs 138. An Add rating typically indicates an expectation that the stock will deliver returns in line with or better than the broader market over the medium to long term.

In its initiation note, the brokerage said the rising demand for entry into top educational institutes and government jobs, coupled with limited seats, continues to support long-term growth for test-prep players like PhysicsWallah. The firm said this demand trend validates PW’s focus…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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