New Delhi, Sept. 4 -- PhysicsWallah, one of the few new-age tech stocks to list on Dalal Street last year, could rally up to 58% from its current market price, according to domestic brokerage Motilal Oswal, which has initiated coverage on the stock with a 'buy' rating.

The brokerage has set a target price of Rs.200 apiece, indicating a 58% rally from the stock's Friday closing price of Rs.126.42. Motilal Oswal's bullish view is supported by PhysicsWallah's capital-efficient business model and strong growth prospects across its online and offline offerings.

In its latest report, Motilal Oswal highlighted that PhysicsWallah has one of the most capital-efficient business models in Indian EdTech, enabling it to acquire students at structura...