Key facts
- PhysicsWallah shares increased by 18% during intraday trading.
- The company plans to partner with regulated NBFCs for student lending.
- This strategy aims to reduce balance sheet and credit risks.
- The stock snapped a five-day losing streak.
Shares of edtech company PhysicsWallah experienced a significant intraday surge of 18%, adding approximately Rs 5,000 crore in market value. This rally was driven by the company's announcement of its strategic intention to partner with multiple regulated Non-Banking Financial Companies (NBFCs). These collaborations are designed to establish a student lending framework, thereby improving access to financing for students pursuing educational programs offered or facilitated by PhysicsWallah. The move, aimed at reducing the company's balance sheet and credit risks, helped the stock snap a five-session losing streak. The initiative is expected to broaden the company's reach and support its growth by making its offerings more financially accessible.