Mumbai, Nov 21 || Shares of edtech firm PhysicsWallah continued to trade in the red on Friday, marking the third consecutive session of losses since its market debut.
Analysts said traders should adopt a cautious investment strategy as the newly listed stock remains highly volatile.
The stock saw sharp swings during the day. It initially surged more than 5 per cent to Rs 149.59 apiece but later erased all gains and slipped over 2 per cent to Rs 139.07 apiece by 1:46 pm.
The company’s market capitalisation currently stands at Rs 40,490 crore.
The fall follows a steep selloff that began soon after listing. On Tuesday, the company’s market cap briefly dropped below Rs 35,000 crore, reflecting a loss of nearly Rs 12,000 crore from the peak valuation of Rs 46,300 crore it touched on debut day.