India, Aug. 17 -- Shares of edtech company Physics Wallah rallied as much as 9.5% to an intraday high of Rs.128.35 apiece on the BSE today after JPMorgan and JM Financial upgraded their ratings for the stock following the company's Q1 FY27 results.

The stock later pared some gains and was trading 5.6% higher at Rs.123.85 around 11:44 IST. Its market capitalisation stood at around Rs.35,883.9 Cr (about $3.7 Bn).

JPMorgan upgraded PhysicsWallah to 'Overweight' from 'Neutral', retaining its target price of Rs.148. The target implies an upside of over 26% from the stock's previous close of Rs.117.20.

The brokerage said PhysicsWallah's Q1 performance exceeded its expectations despite disruption from the NEET exam cycle. It also highlighted ...