Thursday, Nov 20 — Shares of PhysicsWallah Limited extended their decline for the second straight session, falling nearly 16% over the last two days after a strong listing earlier this week. The stock was trading at ₹132.10, down 7.8%, in early market hours on Thursday.
PhysicsWallah made an impressive debut on November 18, listing at ₹145 per share, a premium of over 33% to its IPO price of ₹109. The stock continued its momentum on Day 1, ending at ₹156.49, nearly 44% higher than its issue price.
However, the sentiment turned weak quickly. On Day 2 (Nov 19), PhysicsWallah shares dropped more than 8%, closing at ₹142.20. The selling pressure has intensified today, pulling the stock down to ₹132 levels, marking a sharp 16% drop in just 48 hours from its post-listing highs.
Despite the decline, the shares still trade over 20% above the IPO price, though they remain below the listing price.
The correction comes amid broader volatility in newly listed stocks, as investors book profits following sharp listing gains. The stock continues to remain in focus as the market gauges its trend after the initial debut surge.
