New Delhi, Feb. 27 -- Physicswallah share price gained over a percent in early trade on Friday despite a weak trend in the Indian stock market. Physicswallah shares rose as much as 1.23% to Rs.90.35 apiece on the BSE.

The gains in Physicswallah shares came after domestic brokerage firm JM Finance initiated coverage on the recently-listed stock with a bullish view, as it sees significant tailwinds for margin expansion in the company's core online offerings.

JM Financial initiated coverage on Physicswallah shares with a 'Buy' rating and a March 2027 SotP-based target price of Rs.110 per share, implying FY28E PER of 70x. Physicswallah share price target implies an upside potential of 23% from Thursday's closing price. The target price is a...