Alakh Pandey-led Physicswallah shares up 40% in 6 months; Motilal Oswal sees further upside - Reason, target price
New Delhi, Oct. 8 -- Shares of Alakh Pandey-led Physicswallah have been on a solid uptrend lately, rising more than 40% over the last six months, and it may have more steam left, according to brokerage firm Motilal Oswal Financial Services.
Physicswallah's share price has jumped 41% year-to-date compared with an 8% decline in the equity benchmark Sensex. On a monthly scale, it is up 13% so far in October after a 6% rise in September.
Shares hit their 52-week low of Rs.77.75 on 4 March this year after rising to a 52-week high of Rs.162.05 on 18 November last year.
On Thursday, 8 October, the stock climbed over 1% in intraday trade, looking set to extend gains for the fourth consecutive session.
Brokerage firm Motilal Oswal Financial Se...
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