Kotak starts PhysicsWallah with a reduce recommendation
In short
Kotak has given PhysicsWallah a “reduce” recommendation. The note said the company had 22% of 2.9 million JEE aspirants and 25% of 4.1 million NEET aspirants in FY26.
This matters because it may affect how investors view the company’s shares. The report does not say the target price, the reason for the recommendation, or any market move.
What the reporting says
Kotak gave PhysicsWallah an anti-consensus “reduce” recommendation, according to the available summary. The note said PhysicsWallah had a 22% share of 2.9 million JEE aspirants and a 25% share of 4.1 million NEET aspirants in FY26. The immediate market effect is a more cautious view on the company, while the broader valuation case is not stated here.
Why it matters
Kotak issued an anti-consensus “reduce” recommendation on PhysicsWallah, highlighting its share of JEE and NEET aspirants in FY26. The available summary does not provide the target price, valuation details, or the reason behind the call. The note matters for PhysicsWallah investors because it signals a more cautious stance, but the market reaction is not stated.