PhysicsWallah Shares Surge over 15% as Company Plans to Partner with NBFCs for Student Financing

Mumbai, June 4: Shares of PhysicsWallah Limited (NSE: PWL) surged sharply in Thursday’s trade after the edtech company announced a reversal of its earlier lending strategy, opting instead to channel student financing through regulated third-party non-banking financial companies. The stock, which had been under pressure through much of the past week, bounced back with force as markets cheered the strategic pivot. 

Intraday Movement 

PhysicsWallah shares opened at ₹91.00, below the previous session’s close of ₹92.04, as the stock gapped down mildly at the start of trade. However, the announcement filed with the exchanges early in the session triggered a swift change in direction. The stock surged through the morning, touching an intraday high of ₹108.44 before settling into a consolidation range around the ₹106 mark.  

As of the last traded price, PWL was at ₹105.91, up ₹13.87 or 15.07% from its previous close. The session’s low was ₹89.80, reflecting the early weakness before the announcement-driven rally took hold. The volume-weighted average price stood at ₹103.68, with total traded quantity crossing 30.28 lakh shares. The order book reflected a modest sell-side overhang, with 53.05% of pending orders on the sell side against 46.95% on the buy side, suggesting the rally has attracted some profit-booking near the highs. The top bid was ₹105.90 against an ask of ₹105.97, indicating tight spreads and active two-way interest. 

Weekly Movement 

The intraday surge marks a sharp reversal of PWL’s trajectory over the past week. The stock had opened the week near ₹106 on 29 May, only to slide steadily through subsequent sessions, losing ground across each trading day to close at ₹92.04 on Wednesday, 3 June — a decline of roughly 13% over five sessions. The week-long selloff appeared to reflect investor discomfort with the company’s announced plan to deploy approximately ₹120 crore into its fully-owned subsidiary FinZ Finance Private Limited. Thursday’s rebound has effectively retraced the entire week’s losses in a single session, with the stock trading back in the ₹106 range where it began the week. 

Company’s Announcement 

The catalyst for Thursday’s move was a press release filed by Physicswallah Limited with both NSE and BSE on 4 June 2026, in which the company said it is restructuring its lending strategy and has tied up with multiple leading regulated third-party NBFCs to cater to student financing needs. The announcement directly reverses the earlier decision to build an in-house lending capability through FinZ Finance. Co-founder Prateek Maheshwari said the company received feedback from partners that its core strengths lie in building communities and its online business, and that student lending is better handled by regulated NBFCs with robust underwriting capabilities. The company added that the pivot is intended to materially reduce balance sheet and credit-related risks. The future strategic direction for FinZ Finance is yet to be decided, pending board and regulatory approvals. 

Source: https://www.nseindia.com/get-quote/equity/PWL/Physicswallah-Limited